One 12th Nov, Federal Housing Finance Agency Director Bill Pulte said the administration is “actively evaluating” so-called PORTABLE MORTGAGES. The proposal aims to address the housing market’s lack of supply.

Just over half of homeowners with a mortgage have a rate below 4%, according to a Redfin analysis of FHFA data. However, average mortgage rates have remained stubbornly stuck between 6% and 7% for the last few years.

Homeowners who locked in...One 12th Nov, Federal Housing Finance Agency Director Bill Pulte said the administration is “actively evaluating” so-called PORTABLE MORTGAGES. The proposal aims to address the housing market’s lack of supply.

Just over half of homeowners with a mortgage have a rate below 4%, according to a Redfin analysis of FHFA data. However, average mortgage rates have remained stubbornly stuck between 6% and 7% for the last few years.

Homeowners who locked in ultra-low mortgage rates have been less willing to move and potentially pay hundreds more in interest each month on new mortgages at current rates. Allowing people to keep their lower mortgage rates could encourage them to move and free up supply.

Example, imagine a homeowner selling their house for $400,000 with half of that paid off on a 3% mortgage. With a portable mortgage, they could sell their home and transfer the $200,000 left on the loan to the new house, keeping the 3% rate.

But like every coin has 2 sides, the drawbacks of portable mortgages are

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For being something that is so core to our industry, fair housing has to be the most misunderstood concept that continually impacts a wide variety of decisions. This seems to be even the case of those that pro-port to teach the subject matter, but unfortunately aren't required to demonstrate any objective competency of the knowledge.
The phrase I keep seeing uttered is: "You need to treat everyone the same/equally." That is the biggest...For being something that is so core to our industry, fair housing has to be the most misunderstood concept that continually impacts a wide variety of decisions. This seems to be even the case of those that pro-port to teach the subject matter, but unfortunately aren't required to demonstrate any objective competency of the knowledge.
The phrase I keep seeing uttered is: "You need to treat everyone the same/equally." That is the biggest misleading statement of all time. You can, and everyone does, create different groups of people and you can and do treat them differently. You can and do actively discriminate against some of those groups.
Discrimination is actually a core function of our role, and something we are suppose to do if we are performing our jobs correctly.
We divide people into classes such as:
A class of people that have good credit scores and a class that doesn't
A class of people that take good care of their properties and a class that doesn't
A class of people that have enough income (sometimes with assistance) and a class that does not.
A class of people that are violent to others and a class of people that aren't. Show more

"A tenant today asked me to drive them to the party store to get a money order so they could pay their rent. I drove them and waited outside, they were taking awhile so I went in to see what was up. The guy working the counter said the tenant came in the party store and then ran out the back of the party store." - Beal leasing agent Lol. Property Management. Lol. She got us good.

How many times have you heard that as an on-site worker?

No training.
No context.
No callbacks when you unlock the leasing office.
Just vibes, a few miscellaneous keys, and maybe a sticky note from the last person.

Let’s be real:

This generation of leasing agents is not lazy.
They’re just not...

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Need suggestions!

Need ideas for how we can set up this space for large packages. All 4 walls have mailboxes. We do have package lockers below the mailboxes and on one wall. They can only be used by USPS. The table is moveable and USPS uses the table when they are distributing mail. The room is about 12'x15'. The table does not give a mouth clearance if turned the other way.

It’s coming for distress.

Funds that waited through rate hikes are now deploying billions.
They’re buying debt, preferred equity, and recap opportunities.

Why now?
Valuations have reset.
Refinancing pressure is...

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In another attempt to make homebuying more affordable, President Donald Trump floated the idea of a 50-year mortgage in a social media post. In response, Federal Housing Finance Agency director Bill Pulte, who oversees Fannie Mae and Freddie Mac, posted that they are “working on it,” and that it would be, “a complete game-changer.”

The purpose of a longer-term mortgage would be to lower the monthly payment for homeowners. The longer the term of the...In another attempt to make homebuying more affordable, President Donald Trump floated the idea of a 50-year mortgage in a social media post. In response, Federal Housing Finance Agency director Bill Pulte, who oversees Fannie Mae and Freddie Mac, posted that they are “working on it,” and that it would be, “a complete game-changer.”

The purpose of a longer-term mortgage would be to lower the monthly payment for homeowners. The longer the term of the loan, the smaller the principal needed each month to pay it off in full. But such a plan has other trade-offs.

1. Lower Equity

2. Higher Interest Rate

3. Privatization of Fannie Mae and Freddie Mac

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#50yearmortgage #homeowners | Mayur Gupta Chittoor

In another attempt to make homebuying more affordable, President Donald Trump floated the idea of a 50-year mortgage in a social media post. In response,…