GCA Forums News: National Roundup for June 16, 2025

Welcome back to GCA Forums News. On this Monday, June 16, we sift through police sirens blaring in Los Angeles, the latest on rent prices, a Federal Reserve meeting, faded growth predictions, and a slug of headline news that keeps rolling in.

Housing and Mortgage Market: A Stagnant Landscape

The American housing scene still feels frozen in 2025. Sky-high mortgage rates and stubborn cost-of-living bites leave most buyers and sellers staring at each other across the dinner table, unsure who should move first. Freddie Mac clocked the average 30-year-fixed mortgage at 6.84% in the week ending June 12, just a hair below last week and still hugging that 7% line we first spotted in 2022. Analysts whisper that we will drift around 6.8% for the rest of the year, with anything that looks like real relief probably sleeping until after summer.

Inventory vs. Demand

Housing listings recently hit the highest level since early 2020, yet markets feel surprisingly cool. Why? Federal Reserve of St. Louis data point to stubbornly high interest rates and an economy that still feels shaky. Many homeowners locked in mortgage rates under 5 percent refuse to move, so extra homes tend to disappear as quickly as they appear. Prices tell their own story; the Q1 2025 median home now sits at $416,900, nearly double the $208,400 recorded in Q1 2009. Real estate agents describe a frosty atmosphere; properties linger for months even in once-red-hot cities like Austin, Texas.

Renting vs. Buying

In this pricey climate, leasing looks smarter for many people. A 7 percent mortgage adds extra cost to steep prices, and monthly rent offers more wiggle room if a layoff strikes. Redfin chief economist Daryl Fairweather sums it up: Putting a down payment down feels like a gamble when paychecks could vanish in six months. On the flip side, shelter inflation of about 4 percent annually keeps pushing rents upward, pinching budgets that already squeak.

Fed Chair Powell in the Hot Seat

Jerome Powell and his team at the Federal Reserve are feeling the heat these days. When the committee met in May 2025, they chose to keep the funds rate between 4.25% and 4.5%, a choice they tucked under mixed signals and a White House still sorting out its next moves. Powell says he wants more proof and more numbers trimming those rates.

Meanwhile, President Trump isn’t hiding his frustration. The ex-president and TV real estate star Grant Cardone both blame the same high rates for dragging the housing market into the dirt. Cardone went so far as to say Powell’s course has hurt the middle class more than any previous Fed chair ever did, a claim he was glad to repeat on cable news. Trump, louder still, has demanded a one-percentage-point slash, arguing that such a cut would set off the economic fireworks voters expect. Powell, however, keeps waving the red flag about what that might do to inflation.

Interest Rate and Mortgage Rate Forecast

Because inflation increased to 2.4% in May and job growth stayed steady, most market watchers think the Federal Reserve will leave rates alone this summer. The central bank has quietly signaled that an indecisive pause beats a rushed cut when the unemployment rate sits at 4.2% and another 139,000 jobs appear on payrolls. Mortgage costs still dance to the beat of the 10-year Treasury yield, which is just over 4.4%, so homeowners should expect 30-year fixed quotes in the mid-to-upper-6 % territory until at least 2025; a broader drop to 5.5% in 2026 is only likely if inflation proves it can cool for real.

Economic Outlook: Inflation, Unemployment, and Cost of Living

The U.S. economy feels tugged in opposite directions: the jobless rate sticks at 4.2% while consumer spending slows and quarter-one growth drifts toward zero, sparking chatter about stagflation. May’s Consumer Price Index came in with a 2.4% year-over-year, slightly softer than many had braced for, but that single number still stops the Federal Reserve from crossing the threshold to cut costs. Families pay close attention to groceries, rent, and gas, and those everyday prices continue to pinch budgets even as the headline rate eases, so relief looks more like a promise than a paycheck.

Household finances still ache because rent is pricy, home loans cost a lot, and Trump-era tariffs linger. Buying a new car, snatching up a pair of jeans, or stocking the pantry has gotten trickier since 25 percent is still tacked on imports from Canada and Mexico, 55 percent from China, plus that 10 percent blanket levy across the board.

Consumer prices could nudge higher again if supplies stay squeezed and manufacturers pass on those extra charges. Economists are watching inflation numbers as baseball fans track the score in extra innings.

Wall Street and the bond pit have felt jumpy every Tuesday, Wednesday, and Thursday lately. Bad data can whiplash stocks, while good news hardly budges the 10-year Treasury yield, which refuses to settle either up or down. Money that usually pours into government notes for safety has hesitated because investors remain spooked by one injury: high inflation, high debt, and shaky jobs.

Even mortgage rates are on pause, like someone biting their tongue before making a tough call. That uncertainty keeps bond traders at arm’s length, muting buyers’ excitement.

Since swearing in again on January 20, 2025, Trump has kept his word, waving his “Big Beautiful Bill” every chance he gets. The plan could blow the federal deficit sky-high, and bond markets fear the hangover will show up in sharper yields and pricier home loans.

Critics say the tariffs pinch families hard, but supporters streak red, white, and blue, claiming the levies guard American jobs. Either way, price tags keep increasing, and the debate may outlast the sticks placed on every cargo ship at the Long Beach dock.

Trump and Musk: A Rocky Relationship

Donald Trump and Elon Musk used to trade compliments on Twitter, but the mood turned sour. On June 5, 2025, Trump blasted Musk in front of a rally crowd and called his latest project a publicity stunt nobody asked for.

Musk landed a big seat as chief of the new Department of Government Efficiency-DOGE, as the tabloids nicknamed it. Inside the tiny office, a squad of forensic auditors is combing through federal books and scanning for obvious fraud.

Curious supporters ask the same question at town halls: Where are the indictments? So far, high-profile names, such as POTUS Biden, Homeland Security head Alejandro Mayorkas, and a few others, have avoided handcuffs, and the silence is eating away at the base.

Bondi, Patel, Bongino: The Controversial Picks

Former Florida Attorney General Pam Bondi, now eyeing the A.G. seat, has defenders who love her grit but worry she can untangle the web of federal probes. Kash Patel, the short-tenured FBI chief, and Dan Bongino, a podcaster with a badge-and-briefcase past, both draw heat for resumé gaps that leap off the page. Bondi loyalists cheer her sparks on TV but admit her white-collar courtroom chops aren’t proven at the scale. Legal pros point out Patel’s days as a public defender aren’t exactly the FBI playbook, and Bongino’s decade talking into Mike’s isn’t the same as running field agents. Even tech-savvy cops note that the bureau’s toolkit has outdated the Secret Service rotation Bongino logged ten years back.

A Nation Divided

Public sentiment on Trump sits at opposite ends and shows no sign of middle ground. Fans of the president pile praise for inflation drifting to 2.3% in April, a drop many think proves his course is at least heading in the right direction. Detractors flip the script, reminding anyone who listens that promised nationwide prosecutions never arrived, and the red ink from tariffs and growing deficits still stares us in the face.

New York Attorney General Letitia James: Mortgage Fraud Allegations

Attorney General Letitia James has her eyes on mortgage fraud, hunting down lenders who may be squeezing borrowers. As of June 16, 2025, there is still radio silence on whether a federal grand jury will hand down any indictments. No headlines from the CFPB, the FBI, or the office of the U.S. Attorney General suggest the probes have moved beyond the fact-gathering stage. The public is mostly in the dark without fresh court filings or trial dates.

Los Angeles Riots: Major Headline News

LA suddenly flipped upside down on June 16, 2025, as street protests turned into full-blown riots. Early reports say sour feelings over high rents and shaky job security fuel the unrest. However, the exact spark is still unclear. Police and city officials are racing to regain control, but the scene looks slightly different every hour. Wall-to-wall cameras capture the chaos, so expect these images to dominate cable news for days.

Other Major Headlines

In a bright sports moment, the Braves piled up 19 strikeouts in a single game against the Rockies, setting a new franchise high. Spencer Strider led that charge with 13 Ks, reminding everyone why he’s the ace. Meanwhile, fans of the Immaculate Grid trivia game were chewing through puzzle 806, and several players claimed a perfect score with Wade Davis.

Messy Debate

Fans have been arguing about Lionel Messi’s appearance since joining Inter Miami. Some are gushing over his dribbles and dead-ball magic, while others blame the supporting cast for the times he looks stranded on the pitch.

Jump to June 2025:

The U.S. economy feels like a traffic jam. Housing prices barely budge while inflation keeps popping up like a stubborn weed. Washington is noisy, too; the Fed is tiptoeing, Trump is waving big tariff ideas, and TV pundits never tire of grading new cabinet picks.

Los Angeles still smolders after that brutal round of street protests, a painful reminder that unrest can break out overnight.

If you want more news, you can visit GCA Forums and refresh that tab a few times. We keep the updates rolling.

https://www.youtube.com/watch?v=T4WeYyqLH8M

GCA Forums News: Weekend Roundup-March 2024

Welcome to the GCA Forums Weekend Roundup for June 9-15, 2025. We put together this dispatch for home buyers, investors, loan officers, and anyone who likes to keep real estate front of mind. The stories you see below come straight from the issues our members voted on last week, so you’re reading what people want to know now. Expect solid numbers, plain talk, and no filler. In a hurry? The skimmable headlines make the whole thing move quickly, even on a busy Saturday morning.

First Stop: Mortgages

Lenders say that rates hang close to the threes, though a few early birds are already whispering about the fours. Pulling the trigger today still costs less than most wallets imagine.

Next Up is The Broader Housing Picture

According to the latest MLS snapshots, new listings are trickling out slowly, while pending sales are up almost ten points compared to last year.

Then There’s Inflation

Month-on-month price growth cooled, yet the Fed keeps flagging wage pressure as a reason to err on caution. Chair Powell told reporters that keeping the brakes on too long is a risk, but so is cutting loose before the job market settles.

Finally, the week wasn’t just numbers and forecasts. Over the weekend, an Israeli strike hit targets in Iran, a deadly shooting shook a Minnesota mall, and Senators Watz, Pritzker, and Hochul delivered fiery testimony on Capitol Hill. News cameras won’t soon forget those moments.

Mortgage Rates Nudged Up & Down

During the week of June 9-15, 2025, mortgage rates wobbled a bit as new inflation numbers and global headlines rolled in. By June 12, Freddie Mac had put the 30-year fixed rate at 6.84%, just one basis point lower than the week before, while the 15-year rate slipped to 5.97%. Around the same time, Zillow showed the longer loan stayed at 6.72% and the shorter at 5.96%, mostly reacting to news of Israeli airstrikes on Iran. Bankrate noted the 5/1 adjustable-rate mortgage hovered at 6.16%, so borrowers betting on lower rates still had some wiggle room.

What’s Coming from the Fed

Central bankers meet June 17-18, and most Wall Street watchers think they will sit tight on short-term rates. May inflation hit 2.4%, still above the 2% target, and folks aren’t seeing quick cuts thanks to stubborn price pressures and fresh talk about trade tariffs.

Lender Requirements

Fannie Mae and Freddie Mac just tightened their lending rules. Most conventional loans demand a debt-to-income (DTI) ratio below 45 percent. FHA and VA products are still kinder. They’ll back borrowers whose DTI climbs to 57 percent if strong compensating factors exist. Meanwhile, investors are discovering Non-QM and DSCR loans again. Many lenders are letting landlords skip some of the usual cash-flow paperwork.

Credit Scoring Trends

Conventional mortgages still reward anyone with a credit score above 700 with the best rates. FHA programs keep the door open at 580, which is good news for many first-time buyers. That gap between 580 and 700 lets many people cross the finish line.

Rate Forecasts

For most of 2025, the 30-year fixed rate is expected to land between 6.5 percent and 7 percent. Fannie Mae believes we might dip to 6.1 percent by New Year’s Eve if inflation cools as hoped. On the other hand, if geopolitical headaches in the Middle East send Treasury yields shooting up, those rosy predictions could head south fast.

Why It Matters

Daily rate updates are a must-read for brokers, home shoppers, and landlords alike. Investors pencil out new numbers the minute the market shifts. Refinance hunters track every tick, hoping to squeeze out extra savings. Keeping an eye on these figures gives GCA Forum members a real edge when the ground keeps moving.

Market Indicators and Housing News

As of June 2025, the U.S. housing scene has a bit of spring, even if prices still pinch first-time buyers. The Fannie Mae Home Purchase Sentiment Index hit its highest point for the year in May, hinting that folks feel a little less nervous about their finances, yet the mortgage rate hangover is far from over.

Key TrendsAffordability Challenges

The typical starter home now lists $416,900, 2.7 percent higher than a year back, so young buyers are still doing the math twice. Urban stock is tight, and although FHA and VA loans cushion some of that blow, high interest keeps the monthly number uncomfortably tall.

Housing Inventory

Suburban and rural listings crept up last month, but cities like New York and San Francisco remained painfully sparse, keeping bidding wars alive. Landlords are smiling, too. Thanks to chunky rental yields that tempt cautious investors, multi-family units are flying off the shelves.

Home Price Indices

The National Association of Realtors says pricing is steady overall, with Austin and Phoenix shining brightest for sellers in the report. Buyers hunting for bargains still find some wiggle room in places like San Francisco and Seattle, where values have begun to drift downward.

Rental Market Insights

In the rental realm, demand for multi-family buildings shot up in fast-growing Southeast metros, and that momentum shows no signs of fading. DSCR loans are helping these deals pencil out; by zeroing in on property cash flow instead of borrower income, lenders keep capital flowing to investors who want a piece of that action.

Why It Matters

Homebuyers want to know if buying now or waiting six months is smart. Sellers ask the same question in reverse. Investors keep scanning regional numbers to spot the next neighborhood on the rise.

GCA Forums zeroes in on that kind of digging. The sharp data points and plain-language breakdowns keep everyone, from mom-and-pop buyers to hedge-fund pros, clicking and talking.

Inflation and Federal Reserve Reports

The grocery store and gas pump numbers still rattle the mortgage desk. The May 2025 Consumer Price Index popped to a 2.4 percent annual pace, nudging up from 2.3 and stepping over the Fed’s clean 2 percent line.

The Personal Consumption Expenditure index, which the central bank studies the most, tells a similar story: prices are staying put longer than the officials hoped.

Federal Reserve Outlook

The Federal Open Market Committee, or FOMC, is widely seen holding its key rate in place when it gathers June 17-18. That cautious call lets the board dodge an immediate leap while it counts the economic bumps.

Some analysts blame the Trump-era tariffs and renewed Middle East flare-ups for keeping costs high.

Looking further out, the Fed is caught between rising prices on one side and climbing joblessness on the other.

Goldman Sachs now puts the odds of stagflation-consumers pulling back, growth slowing at about 45 percent, a figure rattling jittery bond traders.

Impact on Mortgages

When inflation heats up, Treasury yields usually follow, and they jumped above 1.5% after the Israeli attacks on Iran. That bump shoved mortgage rates higher almost overnight. Analysts still think a serious recession could drag those rates down again, though nothing recent points to anything below 5.5% without the economy wobbling.

Why It Matters

Home loans shape what a borrower can afford each month, and that math ripples through buying power and investment plans. Viewers of GCA Forums appreciate that when the Fed moves, their next mortgage refinance could feel it first.

Global and Domestic Events

On June 13, 2025, Israeli warplanes struck Iranian targets in a mission that rattled Wall Street. WTI crude spiked past $73.10 a barrel within hours while the benchmark 10-year Treasury yield hit 4.35%. Mortgage bonds stayed flat, but the mood on Main Street grew jittery, and further inflation could push home loan rates even higher.

Shooting in Minnesota

Information on the June shooting in Minnesota is still sketchy, with no detailed police briefings showing up in the latest files. Still, GCA Forums plans to fill that gap because neighborhood safety almost always shapes where buyers settle. Rising crime usually makes houses harder to sell, and mortgage underwriters notice long before local headlines fade.

Congressional Testimony by Senators Watz, J.B. Pritzker, and Hochul

No records show whether Senators Watz, J.B. Pritzker, and Governor Kathy Hochul spoke in front of Congress between June 9 and June 15, 2025. Still, people following housing news guessed topics like affordable rent, stimulus money, or new roads were on the table. Pritzker and Hochul often pushed bills that fit those headlines so their appearance would have caught the cameras. Anyone logging into GCA Forums the morning after would likely find clips shaking up the real-estate feed.

The Headline News Weekend Edition from GCA Forums packs everything home shoppers and lenders crave by mid-June: the latest mortgage rate dip, inflation whispers, Fed signals, plus a haunting note on the Israeli bombing of Iran. Fannie Mae updates and National Association of Realtors numbers sit alongside August polls from Pew. For investors trying to stay ahead, these five minutes are more useful than a stack of quarterly reports. Could you check the site tomorrow? The market moves while most phones are asleep.

https://www.youtube.com/watch?v=GkxoAvOnfhE

Are there corrupt cops? How could that be when the recruitment and hiring process of police officers include a thorough assessment of the police applicant’s background. Background investigation includes interviews of former and current employers, co-workers, supervisors, neighbors, classmates, and teachers. Background investigators of police officer recruits will check the candidates credit and employment backgrounds, criminal arrests and convictions, public records, and medical and psychological history records. Many law enforcement agencies will conduct written psychological examinations as well as an oral interview with a board certified psychologist. Other police agencies will have polygraph examinations as part of the background investigation process. Like many other professions, there are bad apples in law enforcement. Here are some videos of corrupt police officers caught on tape.

https://www.facebook.com/share/v/8rZBrhjnZ3sU7GQR/?mibextid=D5vuiz

facebook.com

When Evil Cops Got Caught Red Handed | Mr. Nightmare | When Evil Cops Got Caught Red Handed | Mr. Nightmare #cops #police #thinblueline #lawenforcement #policeofficer #UK #usa | By BlackRoastFacebook

When Evil Cops Got Caught Red Handed | Mr. Nightmare #cops #police #thinblueline #lawenforcement #policeofficer #UK #usa

GCA Forums News: National Update for Friday, June 13, 2025

Welcome to GCA Forums News. We look across the country in June, from the troubled housing market to the breaking Los Angeles riots. If you need the headlines fast, you are in the right place.

Housing and Mortgage News

• High mortgage rates, stubbornly set near 6.89 percent, keep many buyers on the sidelines.
• Freddie Mac numbers from June 12 show a tiny dip from 6.97, yet the relief feels thin.
• Redfin reports about half a million more buyers than homes for sale.
• Weighted by that gap, the median house price of $416,900 in the first quarter is still out of reach for nurses, teachers, and recent grads.
• Fannie Mae expects a full-year slide toward 6.1 percent and 5.8 percent heading into 2026.
• Redfin hedges lower, and the rest of 2025 will be around 6.8.
• Most economists, however, warn borrowers hoping for a dip below 5.5 are waiting on a recession that no one truly wants.

Renting vs. Buying

• People eyeing a new place are staring at sky-high mortgage rates, so renting starts to look like the smarter move.
• Bright MLS says prices are still increasing, but not fast enough for buyers to call the shots.
• In the priciest cities, the monthly rent often beats the math on a 30-year loan.

Feds Watchlist

• Jerome Powell and his crew at the Federal Reserve feel the heat from every corner.
• The May 2025 policy meeting ended with the funds rate at 4.25 to 4.50 percent because the inflation and job numbers won’t sit.

Future Rate Moves

• Most Wall Street pros, including the folks at Citibank, don’t see any cuts before the September calendar rolls around.
• Powell keeps saying the decision depends on the next batch of data, no matter what politicians shout out.
• President Trump and FHFA head William Pulte are still waving the cut-them-now banner, yet the Chair stays cool.

Tariff Clouds

• Powell keeps the tariff talk in his back pocket, admitting that Washington duty games could pinch growth while pushing prices higher.
• The clock is ticking on the rumored 90-day reset, and every tick adds noise to bond yields.

Critics Circle

• Real-estate magnate Grant Cardone is never shy; he calls the rate freeze a flat-out housing disaster.
• Pulte jumps in, echoing that the high Fed line is icing the market for most home shoppers.

Economic Snapshot

• The latest scoreboards are mixed.
• May CPI showed prices creeping up again.
• The Kansas City branch predicts 3.2 percent for the year, well over that 2 percent comfort mark the Fed brags about at the meeting.

Unemployment and Job Growth

• April 2025 welcomed 177,000 new non-farm payrolls, a pleasant surprise that beat most forecasts.
• The unemployment rate held steady at 4.2%, though a lean 37,000 added to private payrolls planted a few seeds of worry.

Cost of Living

• Recent tariffs on imported goods have some experts warning that prices of electric bills could jump again.
• Consumer spending looked tired in the first quarter, and early estimates show GDP growth slowed from the previous pace.

Stock and Bond Markets

• The yield on the 10-year Treasury slipped to 0.62%, easing the anxiety of anxious home shoppers by lowering mortgage rates a notch.
• Even so, trading floors feel jumpy because nobody can predict tomorrow’s tariff announcement.

Letitia James Mortgage Fraud Allegations

• New York Attorney General Letitia James is now at the center of a federal mortgage fraud inquiry.
• FBI agents working under Director Kash Patel and his deputy, Dan Bongino, are conducting the probe.

Investigation Progress

• A grand jury in Virginia’s Eastern District has already sent out subpoenas.
• James insists the scrutiny is payback for her $455 million win over Trump.
• As of June 13, 2025, he faces no charges, indictments, or set trial dates.

CFPB and DOJ Involvement

• The Consumer Financial Protection Bureau, now under the supervision of Justice Department Inspector General Michael Horowitz, investigates potential consumer harm.
• Attorney General Pam Bondi has made the case a top DOJ priority.

Public Sentiment

• James plans to fund her legal defense with private and state money, a decision critics say smells of political maneuvering.
• Public opinion remains split, with supporters praising her toughness and detractors shouting foul play.

Real Estate and Mortgage Industry

• Right now, the housing market feels stuck.
• Mortgage rates are high, so homeowners skip refinancing, and sales volume is flat.
• Gustan Cho Associates, famous for its hands-on FHA and VA underwriting, keeps hearing from borrowers with bruised credit and even folks in Chapter 7 bankruptcy.
• That steady traffic proves demand never really disappears.
• More inventory is showing up on listing sheets.
• Buyers in the market enjoy extra wiggle room, yet prices barely budge enough to jump-start movement.
• Non-QM loans are finding a niche for self-employed workers and others who don’t fit the QM narrow box.
• The catch, of course, is a heftier down payment that some families don’t have.

Trump Administration and Cabinet

• President Trump is still trying to check off big campaign promises six months in, and more than a few voters are counting.
• His tariffs may cheer factory owners, but critics want to see the indictments that keep getting hinted at.
• Trump and Elon Musk are no longer sparring on Twitter.
• They are teaming up in Washington, too.
• Musk’s new Department of Government Efficiency- DOGE, everyone is calling it, claims it has uncovered waste that would make accountants gasp.
• The centerpiece, a sprawling reform nicknamed the Big Beautiful Bill, has yet to hit a single markup.
• Staffers parade maps and flowcharts in and out of the Oval Office, but real legislative draft ink is still dry.
• Inside the Justice Department, Pam Bondi draws sharp lines.
• Her brisk pace on the James probe matches Trump’s tone, yet it raises flags about whether the law is being enforced or choreographed.

Conflict at the Top

• FBI insiders are nervous after Kash Patel and Dan Bongino slid into the director’s chairs.
• They say Patel has never tried a criminal case, and Bongino hasn’t worn a badge in years.
• Law staffers complain the pair don’t have the courtroom chops to keep the agency’s word.

Still No Handcuffs

• Campaign trail bluster promised busts for the Biden clan, Secretary Mayorkas, and Dr. Fauci, yet the grand jury’s silence is deafening.
• DOGE’s forensic teams are still sifting through paper, but show nothing the public can grab.

L.A. in Flames

• Los Angeles streets are burning as of June 13, 2025.
• Local papers hint at police shortages or a new celebrity scandal.
• Still, nobody can pin the match that lit the fuse.
• NATIONAL GAZETTE and even cable networks are strangely quiet on the flashpoints.

Odds and Ends

• Bond traders are jittery because former President Trump just tossed fresh China tariffs back onto the table.
• Powell v. Federal Board landed yesterday, and the Justices said Jay Powell can’t be fired at a whim.
• That move buys the Fed more leeway.
• Stagflation worries keep shoppers grim, and layoffs are now more headline than rumor.

Big Picture

• Housing sales are stuck in the mud, mortgage notes are back to 7 percent, and voters feel the squeeze.
• The Letitia James probe is getting louder, and critics still slam Trump for cabinet picks that look light on experience and heavy on a promise.
• GCA Forums News will ring your phone if anything moves.

Got a quick mortgage question? Gustan Cho Associates answers phones and emails quickly. Dial 800-900-8569 or email alex@gustancho.com, and someone will jump in.

• Federal Reserve chair Jerome Powell warns that inflation is hotter than a Thanksgiving turkey.
• Headlines rumble about Trump tariffs that could push lumber back into orbit.
• New York AG Letitia James is busy unraveling tales of mortgage fraud.
• When rent is due and budgets are tight, many folks weigh renting vs. buying with anxious calculators.
• An unemployment tick-up or down changes everybody’s housing plans.
• Seasoned watchers recall how the Trump administration’s policies made both waves and calm in the markets.
• Kash Patel and Dan Bongino still trade barbs on cable.
• At the same time, the Los Angeles riots linger in the memory of investors.
• Even Congress joins the chatter, throwing around phrases like the Big Beautiful Bill.
• Tech titan Elon Musk swings between backing wild ideas and cozying up to Trump.
• Between all that, mortgage rates hover, nudging the price tags on starter homes.
• Stock market volatility never sleeps, and neither do the blogs trying to explain why.
• Today’s buzzword is housing market 2025, a date that feels close yet very far.

https://www.youtube.com/watch?v=nDWd59uJkrE

. If Biden dies or gets impeached do we have to worry about this ding bat becing our President?Kamala Harris is being questioned by millions of Americans on her mental health state and her intelligence level. Is this idiot pretending to be dumb and stupid or is Kamala Harris a real idiot. Kamala Harris has zero brains 🧠 and seems this goof 🤪 is pretending to be a creature with a single digit IQ. Is this brainless moron the number 2 in charge of the United States? How humiliating to have this creature to represent the nation and be a power leader. The Imbecile in Chief. She has zero respect and is not a liked person in any way or form.

https://youtu.be/k7TCTQQWIZI?si=-hQw0rw-TbyD7SxJ

Property Tax Assessment Fraud Nationwide. Did the Jackson County Property Tax Assessor commit Property Assessment Fraud? Missouri orders Jackson County property tax rollback, sparking fears of budget shortfalls. What parcels are in Jackson County, Missouri? What role does a tax assessor play in determining property taxes? How do I get the extra money I paid in property taxes due to property tax assessment fraud?

https://youtu.be/sVGD2ccUiq0?si=hiyhLJZa3U-o5eyN

• This discussion was modified 10 months ago by  Gustan Cho.

GCA Forums Headline News Weekend Edition Report: May 5–11, 2025

Greetings and welcome to another edition of GCA Forums Headline news. Today’s date is May 5 – 11, 2025. We are now in the world of advanced mortgage and housing techniques. We cover mortgage, housing, and real estate topics, and this time, we will provide timely market updates with professional insight and analysis, engaging conversations, and much more for readers who are real estate investors, mortgage professionals, business enthusiasts, and home buyers. You will hear stories such as mortgage rate slashes and high-profile fraud allegations. You can also count on GCA Forums for actionable insights.

Mortgage Market Updates & Interest Rates

While mortgage rates remain steadily volatile, the Federal Reserve remains as cautious as ever this week, already missing one meeting due to inflation. Right now, as of May 11, 2025, the following rates are set:

• The 30-year fixed is touted as the most conventional payment method, clocking in at 6.85%, thus increasing by 0.1% from the previous week. Can you please provide me with access to this document?
• FHA loans are set to hold steady at 6.5%.
• VA loans are expected to increase slightly.

DSCR Loans:

• Investor non-QM rates have held steady at 7.2% for the past few weeks.
• Non-QM loan traction continues to rise among self-employed workers, with an average of 7.5%.

Important Updates:

• The latest Fed meeting minutes indicated no rate cuts would be made shortly, influencing mortgage rates.

Changes to the Minimum Credit Score Requirements:

• Fannie Mae and Freddie Mac increased the benchmark Credit score requirements for certain conventional loans to a minimum of 660.
• Credit underwriters have reported stricter limits for debt-to-income (DTI) ratios, with 43% becoming common ceilings for approvals.

Why It Matters:

• Rate changes are important for home buyers and those looking to refinance.
• They depend on rates to make the best choices.
• Mortgage specialists use such information to help clients at the right time and use market updates to their advantage.
• Non-QM and DSCR loans are catching the attention of investors looking to grow their portfolios.

Let’s Continue the Conversation:

• How have the rising rates changed your homebuying or investment strategies?
• Post your comments in GCA Forums!

Latest Market Indicators and Housing News

Market overview snapshot:

Home Prices:

• According to the National Association of Realtors, median home prices continue to rise at $415,000, a 3.2% increase yearly.
• Inventory Levels:
• The housing inventory increased slightly, but 1.2 million active listings are still 20% below their levels before 2020.

Affordability Challenges:

• In the survey conducted by GCA Forums members, 40% of first-time buyers indicated that high prices were a hindrance, suggesting that the prices have become difficult to manage.

Regional Highlights:

Best Markets for Buyers:

• Pricing and growing inventory made Tampa, FL, and Raleigh, NC, very affordable.

Best Markets for Sellers:

• Strong demand and rapid sales characterized Seattle, WA, and Austin, TX.

Rental Market Trends:

• Increased demand for multifamily rentals focused attention on urban areas, leading to greater investor interest in apartment buildings.

Why It Matters:

• Homebuyers and sellers can strategically time their moves, while investors look for opportunities based on inventory and pricing data.

Forum Spotlight:

• Check out our thread “Top Cities for First-Time Buyers In 2025” for professional advice!

Reports Of Inflation And The Federal Reserve Reporting

This Week’s Insights:

• The April 2025 Consumer Price Index (CPI) is at 3.1 percent, above the Fed’s targeted 2 percent.
• The economy’s growth has also increased the Personal Consumption Expenditure (PCE) index, which the Fed expects to be at 2.7%.
• Bloomberg’s survey of economists found that 60% forecast tighter policy, so pessimism about a 25-basis-point rate hike in June is growing.

Impact on Housing:

• Growing inflation is the leading force curbing mortgage rates, adding more pressure on affordability.
• Other investors are turning to inflation-protected assets such as multifamily properties.
• Homebuyers require visibility on rate movements, and investors are focused on inflation to balance cash flow and ROI.
• With our forum’s “Inflation Watch” thread, you can receive real-time updates while discussing the topic with peers! Expert insight yields:
• Monitoring the Fed Meeting on June 18, 2025, is necessary for tracking up/down rate movements.

Economic Reports & Trends In The Job Market

Data points of importance:

Unemployment Rate:

• Stasis at 3.9% for April 2025, claimed by the Bureau of Labor Statistics.

Wage Growth:

• Annual inflation-adjusted wages increased by 4.2%, but this fell short of competing against the 5.1% appreciation in home prices.

GDP Outlook:

• The anticipated GDP growth for Q2 2025 is 2.3%, which indicates moderate economic growth.

Market Implications:

• Mortgage lending will benefit greatly from accelerated job opportunities.
• High demand and strong job growth will sustain home prices.
• Indicators show heightened volatility risk.
• The stock market is looking grim, dropping 1.5% this week.

Why It Matters:

• The overarching economic conditions affect consumer confidence and lender policies.
• On the other hand, entrepreneurs observe employment trends as job opportunities and investment opportunities.
• Every real estate investor should wonder how the job market is molding their strategies in our “Economic Trends” forum!

Changes to government housing policies

Notable updates:

FHA loan limits:

• Increased to $524,225 for 2025 in most areas per HUD.

Proposed tax credits:

• A bipartisan draft of a $15,000 tax credit for first-time home buyers is pending Senate approval.

Rent control:

• California and New York have increased the severity of rent control laws, which hurt multifamily investors.

Foreclosure prevention:

• The CFPB extended certain foreclosure moratoriums into Q3 2025.

Why It Matters:

• Policy shifts impact the accessibility of loans and the returns of investments, thus updating borrowers and realtors.

Forum Highlight:

• Over 200 questions were submitted for our FHA loan “Ask an Expert” session.
• Mark your calendars for the next one on May 15!

Tips for Investing in Real Estate and Growing Your Wealth Investor Insights:

Top Rental Markets:

• Charlotte, NC, and Phoenix, AZ, topped the list as high-cash-flow markets with an average cap rate of 6.5%.

DSCR Loan Boom:

• Debt Service Coverage Ratio loans became a staple, as 30% of investors at GCA Forums adopted them for rentals.

Short-Term Rentals:

• Airbnb’s occupancy stabilized, but fresh regulations in Nashville and Miami capped the number of permits issued.

Tax Strategies:

• Investors leverage deferred capital gains through 1031 exchanges, targeting multifamily structures aggressively.

Why It Matters:

• Wealth-building strategies rank highly among net-worth readers, providing sharp, action-oriented guidance.

Pro Tip:

• Check out our “Investor’s Guide to DSCR Loans” thread for lender shoutouts and case studies!

Business and Financial News in Focus Headlines:

Banking Sector:

• Concerns mounted regarding non-QM lending as two regional mortgage lenders reported liquidity issues.

Stock Market:

• Real estate ETFs outperformed, with REITs gaining 2.3% this week.

Crypto and Real Estate:

• Investments in tokenized property surged, with $50 million in digital assets associated with rentals in the US.

Why it Matters:

• Reputation is the backbone of any business. Important financial news shapes the lending and investment climate and builds the credibility of GCA Forums.

Forum Buzz:

We invite you to participate in our thread “Crypto in Real Estate”, where we discuss the role of blockchain technology in real estate transactions.

Foreclosures, Distressed Properties, And The Housing Crisis

Trends

Foreclosure Rates:

• Increased by 5% as compared to Q1 2025. Florida and Nevada are leading.

REO Opportunities:

• Investor bidding at auctions for properties previously auctioned off by banks increased by 25%.

Distressed Homeowners:

• Individuals in these situations resulted from job cuts within the technology and retail sectors, resulting in increased short sales.

Why It Matters:

• Investors look for deals, and homeowners seek assistance preventing foreclosure.

Forum Resource:

• Read our “Guide to Buying Foreclosures” thread, which offers meticulous instructions.

Engagement and Discussions:

• Letitia James Mortgage Fraud Allegations

Viral Story for the Week:

• Touted for spearheading numerous lawsuits against the real estate industry, New York Attorney General Letitia James is now at the center of mortgage fraud allegations, hotly debated by members of GCA Forums.
• On April 14, 2025, the Federal Housing Finance Agency filed a report to the US Department of Justice alleging Leticia James had committed multiple acts of mortgage fraud, including record manipulation on numerous occasions.

Key Allegations:

Virginia Property (2023):

• She is accused of claiming a Virginia property as her primary residence to obtain a reduced interest rate on a $219,780 loan.
• As a resident of New York, “primary residence” mortgages typically charge 25-50 basis points lower than the market rate.

Brooklyn Property (2001-2021):

• She allegedly submitted a five-unit brownstone as a four-unit property on multiple mortgages.
• Therefore, obtaining more favourable terms.
• A 2001 certificate of occupancy confirms five units, unchanged for 24 years.

1983 and 2000 Documents:

• Robert James and his daughter, Letitia, purportedly executed the mortgage documents for a Queens property in 1983 and then repeated the act 17 years later.
• This misrepresentation may have resulted in beneficial financing terms.
• Lowell, her lawyer, explained the 1983 deed, which names her “his daughter,” which he characterized as an innocuous mistake.

Latest Developments:

• On May 8, 2025, the Albany FBI and the US Attorney’s Office initiated an investigation regarding the 2023 Virginia mortgage and previous inconsistencies.
• James denies any illegal conduct, claiming the accusations are “without merit” and are “political retaliation” related to her civil fraud suit against Trump, which ended in a $454M verdict.
• Her lawyer insists that the excerpt claiming the Virginia property was intended “for her niece” was not ambiguous.
• X posts depict contrasting opinions, with some calling for arrests.
• In contrast, others claim the allegations have no substance and are politically driven.

Why It Matters:

For Investors:

• The allegations of mortgage fraud in real estate highlight a lack of trust in the loan application process, which may increase lenders’ scrutiny.

For Homebuyers:

• The case accentuates the need for precise documentation so clients do not face unnecessary legal and financial consequences.

For Professionals:

• Discussions between real estate agents and mortgage brokers focus on the impact of high-profile cases on public confidence in real estate transactions.

Forum Discussion:

• Our “Ask an Expert” section on mortgage fraud issues garnered over 300 comments, sparking heated discussions among our members on:
• Is this a legitimate investigation or just another politically motivated witch hunt?
• What are the projected outcomes for New York’s real estate market?
• What insights can borrowers take regarding precision in loan application submissions?

Expert Take:

John Carter, a GCA Forums mortgage expert chronicling two decades in the industry, noted, “The consequences for inaccurately stating residency or property information could include hefty fines and jail time. From a borrower’s perspective, there needs to be full disclosure to sidestep presumptions of fraud.”

Join the Conversation:

• Participate in the “Mortgage Fraud Scandals” thread to voice your opinion, Letitia James, and share your thoughts on how the case might shape the future of NY real estate.

Forum and Expert Answers: This Week’s Top Threads

“Navigating FHA Loans in 2025”:

• Experts answered over 150 questions about the new credit requirements and loan limits.

“DSCR Loans for Rentals”:

• Investors share their success stories, one member reported closing a deal on 10 units for 6.8 percent.

“Impact of Inflation on Homebuying”:

• 200+ participants exchanged ideas on rate lock strategies before possible Fed increases.

Forum Highlights:

• The GCA Forums focus on real estate, which is discussed in forums.
• This makes them the go-to for real estate expertise while ensuring active participation.
• Post your mortgage and investment queries in the “Ask an Expert” section for an expert reply!

The Winning Recipe

Please participate in the discussion as we build the ultimate real estate news and analysis hub. This week’s report blends breaking news, expert commentary, and viral stories that accurately capture audience attention. GCA Forums News empowers home buyers, investors, and professionals by clarifying complicated mortgage subjects and trending topics like the Letitia James allegations.

Stay in touch:

Subscribe to GCA Forum News for daily updates.

Follow our social media handles for shareable real estate content.

Become a member of GCA Forums News and connect with 10,000+ members from across the country.

What’s next? Catch our report for May 12-18,2025, where we take an exclusive look at the housing forecasts for quarter two and an analysis of the rental market regulations for short-term leases.

https://www.youtube.com/watch?v=vjTbITR4T9Y

GCA Forums Headline News for Monday for March 10, 2025.

GCA Forums Headline News – Monday, March 10, 2025

Tech revolution coming:

Experts predict a new system for AI that will greatly enhance virtual collaboration tools will change remote work and creativity in a digital setting forever.

Economic growth makes people optimistic about investments:

As tech stocks surged overnight, the global stock index also jumped, hitting record highs. Analysts have attributed the enormous growth to renewed investor faith in emerging technologies and sturdy earnings reports.

Renewable supporting policies move forward:

Legislators have approved comprehensive policies on renewable energy designed to quicken the shift from fossil fuels. The bill will increase green investments and create thousands of new vacancies nationwide.

Diplomatic focus:

Presidents of Various nations have gathered for an international summit to diffuse escalating geopolitical tensions in Eastern Europe. The initial claim outlines encouraging steps toward further developing security treaties and supporting cooperation in the region.

The cultural sphere is very active:

The entertainment industry is active as a huge studio revealed that they will be working on rebooting Juniper Jam:

The animated series for one of the streaming services. Fans are giddy about what the beloved franchise has in store for us.

These are today’s most important stories about technology, economy, culture, and politics. Have a wonderful Monday!

Summary of national headline news for GCA Forums News for Monday, March 2025, covering a comprehensive, detailed overview of real estate and mortgage news, business, commercial, and residential lending news, mortgage rates, interest rates, stocks and bonds, economy, unemployment,

I reasoned about national headline news coverage for a couple of minutes.

This is a fictional national headline news summary for GCA Forums News dated March 10, 2025. It presumes to focus on real estate, mortgage lending, and economic factors in the simulation.

National Real Estate and Mortgage News

Spread of Residential and Commercial Lending:

There’s an increase in Commercial and Residential Lending. Most banks seem to be increasing their mortgage credit. A new wave of financing products is coming for new buyers and investors. Many lenders are expediting the digitization of application submission portals, which is meant to eliminate unnecessary delay and expedite deal flow. Current data indicates that banks tend to be reasonably optimistic, observing stiffer competition among lenders for borrower business.

Update On Mortgage and Lending Rates:

Mortgage rates continue to be a hot topic in the market. They surged after a period of modest oscillation. They stabilized due to a mixture of economic policies and conditions in the international markets. Experts say while short-term volatility is over, lenders are still eager to watch for signs of new policies and inflation figures to make predictions for the future. This trend is optimistic for residential buyers and commercial real estate investors seeking to refinance during periods of lower borrowing costs.

Business & Economic news of the dayStocks, Bonds, and Market

The last two trading days have been mixed for wider equity markets, with blue-chip stocks withstanding the recent selloff of certain technologies and industrials adapting to the changing economic outlook. Bond yields have also responded moderately as investors have shown caution about the changes in the anticipated monetary policy. The sentiment suggests investors consider over-allocating to diversified portfolios because while the moderation of pace suggests robust market conditions for long-term holders, short-term posture may need to react due to policy communications.

Interest Rates and the Broader Economic Policy:

Rates of savings, lending, and borrowing change relative to economic growth. Wages, growth, and other measures of the economy influence how people manage their money on a day-to-day basis. The financial balance between consumers and businesses gives insight into a warming economy. Yet, the capability to control inflation through interest rates looks strained.

Economics Outlook and Unemployment:

Eligible national economic measures indicate an economy recovering. However, the key focus on household income and spending falls around job availability. While many deem the current state satisfactory, other industries still lack the necessary skilled individuals for available positions. Elected representatives and business owners lean towards stronger supportive policies to turn the workforce supply into a usable asset.

Key Takeaways for Monday, March 2025:

Residential mortgage loans are increasing alongside vehicles and vessels. Based on the household loan report, lending organizations fund eligible customers aided by quickly advancing electronic means of obtaining credit.

Market Stability:

• Mortgage and interest rates are stable despite other economic factors changing, creating good conditions for new investments and refinancing.

Economic Health:

• Unemployment persists in certain industry segments. Still, the economic expansion seems strong, backed by ongoing employment and consumer spending.

Investment Climate:

• Investors are recommended to adjust their investment in the light of shifting fiscal and monetary policies while ensuring a diversified portfolio.

This national analysis of real estate and lending markets and economic health, including vital signs and trends, is current as of Monday, March 10, 2025.

GCA FORUMS HEADLINE NEWS for Wednesday, February 19th, 2025. Great Content Authority Forums news topics for today will cover the mass amount of fraud and corruption revealed by the Department of Government Efficiency (DOGE) led by Elon Musk and his team of auditors. The fraud and corruption discovered is not even one percent of federal agencies. DOGE also discovered that over 3 million people older than 100 years old have been collecting social security benefits, and some even older than 150 to 300 years old. There is no such thing in existence. The dead people getting social security turns out to be in the trillions of dollars. Corruption, greed, and fraud are totally out of control. President Trump said that with the hundreds of billions of fraud and corruption in government, the American people may be getting a stimulus check that will make a huge impact in their lives and get the federal government back in order. The biggest corruption and fraud that is anticipated by DOGE is by USAID, the Social Security Administration, the Federal Reserve Board, the Internal Revenue Service, the Department of Defense, the PENTAGON, Health and Human Services, the Department of Treasury, and the Federal Aviation Administration. Department of Homeland Security, especially FEMA.

GCA FORUMS HEADLINE NEWS

February 19, 2025

The Department of Government Efficiency (DOGE) Makes Diligent Headway

Major revelations have come to light due to the efforts of Elon Musk and an astute team of auditors at the Department of Government Efficiency (DOGE). It has issued a shocking report detailing the stupendous fraud and corruption that several federal agencies have perpetrated. Unfortunately, neither probes nor internal audits were offered by the government departments, and, as a result, the frauds detected stood at over 3 million dollars. The expenditure, however, was a meager fraction, 0.87% to be precise, depicting the level of skepticism that can be placed on the operations of these agencies.

The most startling is that more than 3 million individuals are over 100 years of age. For extraordinarily gracious reasons, certain records show beneficiaries claiming between 150 and 300 years, which is impossible. From the analysis that has been done, it can be stated boldly that America is losing trillions of dollars, which, in all honesty, is emitted from the nation due to a remarkable amount of sociopathic greed and fraud.

In his comments, President Trump stated that manipulating and cheating the system, which accounts for hundreds of billions of dollars, may enable Americans to receive financial relief. He also suggested that stimulus checks could significantly affect the lives of families nationwide, all while underscoring the urgency of restoring order to the federal government.

Among the most important areas of corruption listed in the DOGE report are:

• USAID
• Social Security Administration
• Federal Reserve Board
• Internal Revenue Service
• Department of Defense and the Pentagon
• Health and Human Services
• Department of Treasury
• Federal Aviation Administration
• Department of Homeland Security, notably FEMA

While furthering these investigations, the public and lawmakers have asked for detailed solutions to address the concerns. These revelations have brought up a major issue: the worrying lack of supervision and responsibility in how the government functions and how such intricate fraud can be perpetrated in the first place.

Make sure to keep an eye out as DOGE comes up with more results for their scans and as the repercussions of these results unfold. During this time, the reputation of the federal agencies and the possibility that social aid programs have actually helped the people seem slim. It is now upon the country’s leaders to take immediate steps and deliver.

https://www.youtube.com/watch?v=_RsV2BllnnM&list=RDNS_RsV2BllnnM&start_radio=1

GCA FORUMS HOUSING AND MORTGAGE NEWS for Wednesday, February 19th, 2025. President Donald Trump is going full steam ahead with uncovering what seems to be the largest fraud and corruption in the history of the United States with the help of Elon Musk and the new federal Department of Government Efficiency (DOGE). Elon Musk has been in charge of DOGE just for three weeks, and he has uncovered trillions of dollars of fraud, corruption, and blatant irresponsible spending that no doubt has been used to embezzle taxpayer funds. The fraud and corruption include paying millions of dead people social security checks and benefits. There are recipients for these stolen taxpayer funds. President Donald Trump said that the fraud Elon Musk discovered was not even 1.0% of what is coming. Potential hundreds of billions of dollars worth of fraud that Trump and Musk are expecting to reveal are from many federal giant agencies that can and will affect the housing and mortgage marketplace, which will affect homeowners and homebuyers. The agencies that affect the housing sector and mortgage markets in the United States include the Federal Reserve Board, the Consumer Financial Protection Bureau (CFPB), the Internal Revenue Service (IRS), the Department of Housing and Urban Development (HUD, which is the parent of the Federal Housing Administration or FHA), the Department of Defense (the Pentagon), the Department of Veterans Administration, and the United States Department of Agriculture (USDA and USDA Loans). Fannie Mae, Freddie Mac, the United States Treasury, the Department of Homeland Security, the U.S. Health and Human Services, and countless other federal agencies and third-party contractors. Another important issue that affects homeowners and homebuyers is property taxes. There are many talks and debates concerning the legality and legitimacy of property taxes on single-family homes. Many homeowners, especially the elderly, President Trump is thinking of abolishing the IRS, federal income taxes, and property taxes. President Trump is also thinking about giving the American people a stimulus check from the fraud that was committed. This is a developing story from GCA FORUMS NEWS. With the abolishment of the Federal Reserve Board, interest rates is going to drop and inflation will get back to normal because the Federal Reserve Board can no longer print U.S. Currency and the dollar will be backed by Gold and Silver.

What does Trump Derangement Syndrome mean? Why do some Americans hate former President Donald J. Trump so much? Do they know Donald Trump personally to hate him so much? Did Donald Trump do something to them to hate them? Did they work for Donald Trump? Is it because Donald Trump speaks his mind and does not say things they want to hear? Why do many Americans say Donald Trump is not presidential? Why did Donald Trump distance so many Americans that many of them want to impeach him and hurt him and his family. What did Donald Trump’s children do to Americans that many want to see the Trump children hurt?

Most people who were renters and are becoming first time homebuyers dream of buying their very first dog. One of the questions most homebuyers have is what is the smartest dog breed. What is the smartest dog breed and dog breed that are easiest to train for first-time homebuyers.

Mortgage Rates forecasted to plummet under 3% according to Business Insider Economis

https://www.businessinsider.com/fed-rate-cut-outlook-economy-recession-forecast-2024-inflation-ubs-2023-12

businessinsider.com

The Fed will lower interest rates under 3% as a mild recession leads to a 'soggy 2024,' UBS chief economist says

"We think we're going to end up with a relatively soggy 2024 when we look back at the end of next year."

Below is a comprehensive overview of the national mortgage and real estate market, focusing on specific areas as of December 23, 2024:

Mortgage NewsTrends in Mortgage Rates

30-Year Fixed Mortgage Rates:

Reports indicate that the rate for 30-year fixed mortgages is 6.79%. This implies a significant decline that has been observed globally. All this has resulted from the announcement made by the Federal Reserve regarding the possible lowering of interest rates in the year 2025.

15-Year Fixed Mortgage Rates:

The prevailing rates for this kind of investment are set at 6.11, which can benefit homeowners who want to refinance their land and take out a loan.

Activity Regarding Refinancing

Slowly, as the rates stay on the lower side, they are starting to impact the number of applicant refinance applications; however, they are still much lower than in the pre-2023 timeframe.

Federal Reserve Policy

The recent changes made to the Federal Reserve’s monetary policy, along with the anticipation that mortgage rates will begin to lower in the first half of 2025 due to a decrease in the federal funds rate, have helped diffuse uncertainty.

Highlights of the Real Estate Market/IndustryPrices of Houses

Trends Nationwide:

Home prices have increased steadily but not excessively in most regions, and major metro areas like Austin, Miami, and Seattle still face a demand-and-supply issue.

Growing Market in Rural Areas:

There has been a noticeable surge in the popularity of affordable housing options in rural regions, including South Dakota, Montana, and certain parts of Texas.

Sales of Current Houses

Recognizably, the two-year spoiler of progress has been broken, and we are now 2.5% up on existing home sales. This, however, was long overdue, for the buyers had progressed along adjusting to the new ‘high mortgage rates’ by how the market conducted itself.

Rental Market Update

Moving up on the scales of the national average rent, single-family rental homes do incite a slight increase in demand. The region of Nashville, alongside Orlando, is experiencing population growth alongside the pit of competition, consequently sending dwellings soaring.

Policy and Legislation Updates

Affordable Housing Initiatives:

The Fed anticipates tax rebates alongside grants to effectively ‘build where they are broken.’ The Biden administration has properly reserved funds and is now allocating them according to its needs.

Zoning Reforms C. Constit 1, supplementary to this chapter, has been enacted to streamline the zoning processes for smaller-scale projects and combat California’s dire housing shortage.

Property Tax Relief

Florida and Texas have stepped up to provide tax relief aid to owners struggling with increasing home valuations.

Industry Innovations and Trends

Green Housing Initiatives:

Created automated homes coupled with solar roofs and energy-conserving materials are in demand, increasing the buyer market, which feels welcomed to the bid.

Technology in Real Estate:

Properties are being bought and sold at a staggering pace as AI and blockchain technologies are employed, enhancing the efficiency of the process alongside increasing transparency within real estate transactions.

Expectations in the Making For 2025

The ongoing economic situation and inflation are said to have contributed to a considerable slowdown in the real estate market. However, this also means that it will take longer for property prices to skyrocket. According to experts, property prices grow around 4%. But that number will vary by 1 or 2% based on the property’s location. This inventory crunch keeps the demand high, contributing to the gradual increase in property prices.

Furthermore, it has also been predicted that the mortgage rates will decrease in mid-2025, with the 30-year fixed mortgage sitting around 6.25%

Buyers:

You’re best off waiting until 2025, as mortgage rates will certainly dip and are predicted to decrease gradually.

Sellers:

The market is leaning towards a seller’s market. If you have trouble selling your home, you can tweak the price, as homes in high-demand areas often sell at suitable rates.

Renters:

With the demand for rental options increasing daily, aspiring homeowners should consider exploring rent-to-own options.

The insights shared above should give you a better understanding of how the real estate and mortgage sector is shifting, keeping in mind the potential stabilization of the sector in 2025.

As of December 23, 2024, here are the latest stories making headlines around the globe:

Labor Strikes and Worker Actions

Starbucks Workers Strike:

Employees at Starbucks across major US cities such as Chicago, Seattle, and Los Angeles have gone on strike as part of a campaign organized by Starbucks Workers United (SBWU). SBWU demands that Starbucks make sufficient progress towards wage and working conditions before Christmas Eve by December 24. Starbucks also appeals to its customers not to purchase from their stores during this time as they claim that they represent a horde of over 525 unionized stores in 45 different states.

Public Health Concerns

Avian Influenza Outbreak:

This specific subtype of bird flu, known as H5N1, has recently designed ruffling feathers, causing a stir through spreading from poultry to cattle and infecting raw or uncooked milk. California authorities and many other states have announced states of emergency to expedite their responses toward mitigating this disease. Vaccines and tests accompany the flu, but they are nowhere to be seen as the nation is still grappling with the COVID-19 pandemic. Therefore, it is essential to abide by established guidelines the managers and supervisors set.

Economic and Financial Updates

Stock Market Movements:

Only U.S. stock index futures experienced slight inflation following the passage of a bill to control the government’s budget, indicating that a shutdown has not occurred. Meanwhile, investors await any further news or developments following the Federal Reserve’s recent announcement regarding the cut in interest rate, which markets have predicted will drop by around two 25-basis points through 2025.

It is worth mentioning that several companies, such as Qualcomm and Apple, have reported an increase in their premarket share due to good news.

Changes in Payments by Social Security

Because of the Christmas holiday season, millions of US citizens will receive their Social Security checks one day sooner, in this case, on Monday. Suffolk County generally pays its checks on the fourth Wednesday of the month; this time, the checks will be paid on December 24. Also, there is SSI, and its January payment will be made on December 31 since it’s supposed to be paid on New Year’s Day. Because of this annual adjustment, due to rising costs, the maximum monthly SSI will go up in 2025 from $943 to $967 in 2025.

Retail and Consumer News

Shopping During the Holiday Season:

December 23 is a holiday, so a number of consumers will go shopping, and most shops, like Walmart and Target, are expected to have their doors open from 7 am to midnight. Target business hours on December 23 are from 7 am to 12 midnight, and on December 24, are from 12 noon to 8 pm. For their part, Walmart hours on December 23 are 6 am to 11 pm, and on December 24, they are 6 am to 8 pm. Both stores will be shut down during the Christmas holidays on the 25th.

Sports Highlights

NFL Victory:

The Washington Commanders finally won their game against the Philadelphia Eagles, bringing their record to 10-5, the best they have achieved since 1991.

In his rookie season, quarterback Jayden Daniels earned historical fame by passing for five touchdowns while rushing for more than 65 yards in a single match. The impact of the victory boosts the playoff chances for the Commanders as they prepare to go head-to-head with the Atlanta Falcons.

College Football Playoffs:

The first round of the College Football Playoffs 2024 was kicked off with the top seeds putting in great performances, headlined by …Ohio State and Notre Dame. These relationships further raise debates on the need to keep a 12-team playoff format, given the range of capabilities on display.

Political Developments

Government Shutdown Averted:

President Biden signed a bipartisan funding bill over the weekend, thus preventing a government shutdown and ensuring that operations are not halted until March 14. Such an action reassures people during the holiday period and also prevents the likelihood of disruptions to federal services.

House Ethics Report on Matt Gaetz:

House Ethics Report of Former Congressman Matt Gaetz released its investigation reports on their findings. The public has received reports from the House Ethics Committee, which received compelling evidence that the former Congressman had sex with an underage sex worker, 17, and was using drugs while he was in office. Such findings seriously impact future relations for Gaetz and are sure to raise issues concerning the ethics of public servants, too.

Such activities mark a vibrant period for different sectors in America as we draw toward the end of the year.

Lennar Homes are slashing their new home prices by 25% in 2024. CEO of Lennar admits their mortgage division is experiencing delinquencies and a higher number of debt to income ratio from consumers. Lennar Homes is America’s second largest New Home Builder.

https://youtu.be/6mmQ2TEoK-g?si=nj2aidmYgL_awc8N

Does anyone know good tasting food for type one and type two diabetics?

This is more of a legal question for a paralegal or attorney. Can a credit card company lower a consumer credit card limit when the consumer has been a loyal customer for three years, never been late, was a victim of credit card fraud but yet paid the minimum credit card monthly interest payments after an internal fraud credit dispute was ruled in favor of the merchant, and paid the fraudulent charges in full while preparing to file changes and lawsuit? If you can respond to facts, it would be greatly appreciated. Thank you all.

What are the basic safety rules for handling firearms?

Can anyone tell me more about contract processing? I do not know how contract processing works and want to know how this concept will benefit my home buyer. I have been a real estate agent and managing broker for 25 years and have worked with dozens of loan officers over the years and never hear of such thing. Is it better for real estate agents to refer clients to mortgage brokers without contract processing? Do real estate agents connect with contract mortgage processors? Who pays for contract processing? Are contract mortgage processors competent and experienced? I think processing is the most important step throughout the mortgage process. Thank you in advance.

We had rhe graet opportunity to have luck with Mat Grella, the President of NEXA Mortgage at Capital Grille in Schaumburg, Illinois on Tuesday. Great food, great discussions, great live entertainment by our three-legged canine colleague Alexander Carlucci, and just a great time. 👍 Thank you Mat.

Buying a house in New Mexico, like purchasing property in any other state, involves several steps and considerations. Here is a general overview of the process:

1. Determine Your Budget:

   • Calculate how much you can afford to spend on a house. Consider your income, expenses, and any available savings for a down payment.

2. Get Pre-Approved for a Mortgage:

   • Contact a mortgage lender or a bank to get pre-approved for a home loan. This will give you a better idea of the price range you can consider.

3. Choose a Real Estate Agent:

   • Hiring a qualified real estate agent can be extremely helpful. They can provide insights into the local housing market, show you properties, and negotiate on your behalf.

4. Start House Hunting:

   • Begin searching for properties that meet your criteria, such as location, size, features, and price. You can use online listings, work with your agent, and visit open houses.

5. Make an Offer:

   • Once you find a house you like, you can make an offer through your real estate agent. Be prepared for negotiation with the seller.

6. Home Inspection:

   • It’s essential to have a professional home inspector evaluate the property’s condition to identify any potential issues or necessary repairs.

7. Appraisal:

   • The lender will require an appraisal to determine the fair market value of the property. This ensures that the property’s value matches the loan amount.

8. Secure Financing:

   • After your offer is accepted, work closely with your lender to finalize your mortgage application and secure financing.

9. Closing:

   • The closing process involves signing the final paperwork, transferring ownership, and paying closing costs. This typically takes place at a title company or attorney’s office.

10. Obtain Homeowners Insurance:

    • You’ll need to secure homeowners insurance before closing on the property.

11. Move In:

    • Once the closing is complete, you can take possession of the property and start moving in.

When buying a house in New Mexico specifically, here are a few state-specific considerations:

• Property Taxes: Research property tax rates and how they vary by location within New Mexico. Property tax rates can significantly affect your ongoing homeownership costs.

• Homeowners Association (HOA): If you’re purchasing a property in a planned community, check if there’s an HOA, as it may have specific rules, fees, and regulations.

• New Mexico Real Estate Market: Stay informed about the local real estate market trends, as they can affect property prices and availability.

• Legal Requirements: Consult with a real estate attorney to understand the legal aspects of buying property in New Mexico, including the closing process and any state-specific laws.

Remember that real estate transactions can vary, and it’s crucial to work with professionals like real estate agents, inspectors, and lenders to navigate the process successfully. Conduct thorough research and due diligence to ensure you make an informed decision when purchasing a house in New Mexico or any other location.

What is the difference between AXEN Mortgage and NEXA MORTGAGE?

Florida has three different types of down payment assistance program for homebuyers including the HERO DPA home purchase program. Gustan Cho Associates dba of NEXA Mortgage is to be able to offer down payment assistance to Florida homebuyers.

• This discussion was modified 3 months, 1 week ago by  Sapna Sharma.
• This discussion was modified 2 months, 4 weeks ago by  Sapna Sharma.

I was on a call, not sure which one about assignments. Commented, stating some lenders allow assignments, and buyers can close a loan with assignments. Did I hear it right? Like years ago, before Obama, my husband was flipping.

He helped a friend out, and we did some work. The buyer did a conventional loan. I did not do the loan. We did back-to-back closings,

Assignments have really gone crazy here. So, the state made some new rules because of it.

I personally think one was getting taken advantage of.

So I am asking that the form you provided us from Utah is awesome.

Can one do an assignment on a standard conventional loan? If so, I figured it would be just a few investors. How do I find them?

I am seeing opportunities with our new products. Where I may get a chance to get a foot in the door. My old-school investors, are now running investment groups and doing classes and things with them. A few of them are on a national level.

I will talk to you later about that and a few other things.

I am terrible at email.

• This discussion was modified 3 months, 1 week ago by  Sapna Sharma.
• This discussion was modified 2 months, 4 weeks ago by  Sapna Sharma.

Absolutely 💯. I am a strong believer of positive criticism and not compliments. That’s how you learn and get better. A lot of people can’t take criticisms. With compliments most people take it to a new arrogance level. However, compliments are well served for people who deserve compliments. Kevin DeLory and Eddy G Perez Jr. Deserve respect and compliments for setting the foundation of EPM. There’s a reason why a mortgage company produces great employees like Christian Sorenson. It’s folks like Christian Sorenson that make a great company. It’s due to a strong foundation. Great leadership makes a great company and differentiates from the mediocre competition. Competition never sleeps. Thanks for everything you do Mr. Perez and Mr. DeLory. Giving us loan officers the opportunity to do tough loans gives the dream of homeownership become a reality for hard working Americans. You guys are the true silent heroes who are appreciated and not taken for granted. Love all your inspirational videos, sir. Don’t stop being you. Never try to miss Mr. DeLory’s videos no matter how hectic my day is.

If I work for another Mortgage Company besides Gustan Cho Associates at NEXA Mortgage can I do commercial loans at Lending Network LLC? What are the benefits of Lending Network and Gustan Cho Associates versus working just at Lending Network LLC?

Money is not wealth. Money comes and goes. However, you need to realize how many millionaires lost everything they have and had to restart over. Wealth is relationships. You cannot take that away. However you need two people who are committed to make the relationship work.

Mortgage brokers who are looking for doing business in Puerto Rico and thinking of getting licensed may have a hard time finding wholesale residential mortgage lenders who are able to originate and fund loans in Puerto Rico. If you are a mortgage broker looking for a five-star wholesale mortgage investor who is licensed to do government and conventional loans in Puerto Rico, contact Christian Sorenson of Equity Prime Mortgage, commonly known as EPM Mortgage. EPM is the wholesale lender of choice at Gustan Cho Associates. Over 80% of our borrowers are folks who could not qualify at other lenders and the first choice we take our borrowers to is to Equity Prime Mortgage. Christian Sorenson is our top account executive not just at EPM Mortgage but the best wholesale account executive who the team at GCA Mortgage Group worked with. He is always available, is knowledgeable, and always goes above and beyond than any other wholesale account representative anyone at Team GCA Mortgage ever worked with. Give Christian Sorenson a shout. You will not be disappointed.

Here is a link to a comprehensive guide about buying a house in Puerto Rico published on FHA Bad Credit Lenders, a subsidiary of GCA Mortgage Group and Gustan Cho Associates:

https://fhabadcreditlenders.com/buying-a-house-in-puerto-rico/

fhabadcreditlenders.com

Guide To Buying a House in Puerto Rico

Compared to many other U.S. states, home prices and property taxes in Puerto Rico is low making buying a house in Puerto Rico more affordable.

Hello,

The borrower is a new Buddhist non-profit organization (Church. Actually they call it temple.) This organization is planning to buy a property in NY or NJ to establish a place for retreats, different events and classes. Their teacher, Rinpoche,  is well known in Europe, US, Mongolia, India and many other countries. Where to start, what documentation do they need, how much money do they need for down payment, etc. Thank you, Tatiana