As immigration policy collides with construction industry realities, experts warn that deporting undocumented workers – who make up nearly half of some construction trades – could send housing costs soaring and derail ambitious affordability goals.
Former NAR CEO Bob Goldberg’s extravagant $2.6 million compensation package and lavish perks have sparked controversy amid a housing affordability crisis where home-buyers now need 80% more income than in 2020 to afford a home.
Soaring auto and credit card defaults signal economic risks ahead, despite strong housing market performance.
Despite low foreclosures and strong employment, today’s mortgage market restricts access through high credit requirements and interest rates, creating an affordability crisis for new buyers.
If we are not here for our friends and family, why are we here?
The Formula Mortgage Capital Corporation team is committed to providing clients with the highest quality financial services combined with the lowest rates available in your area.
The latest housing data reveals rental households growing three times faster than homeowner households, but beneath this challenging statistic lies a golden opportunity for lenders who know where to look.
As rates increase and mortgage applications drop, can we still be optimistic?
The reported election of Donald Trump as the 47th president, along with Republican gains in Congress, is already impacting mortgage markets with rising Treasury yields and rates, while industry stakeholders prepare for potential shifts in housing policy and regulation.
In a controversial CFPB settlement, Chicago-based Townstone Financial faced modern-day redlining charges over radio show hosts’ childhood grocery store memories, while industry-standard loan pricing adjustments that systematically affect borrower costs based on credit scores and loan-to-value ratios remain unchallenged.
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