RECENT BLOG POSTS
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I wanted to share a crucial message from the Consumer Financial Protection Bureau (CFPB) regarding federal student loans, as it may have significant implications for your clients. Many student loan borrowers have a unique opportunity to either have their entire student loans canceled or receive a...
02/09/2024
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Last week the Fed decided to keep interest rates unchanged. During Chairman Powell's speech, he used language that took a March rate cut off the table. This shouldn't be a surprise as I've been saying a March cut is highly unlikely.Powell kept saying that the Fed needs "more confidence" that infl...
02/05/2024
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To be approved for a home equity conversion mortgage (HECM), borrowers need to undergo mandatory reverse mortgage counseling from an approved, independent counselor. Some private lenders have this stipulation, too. The requirement was established to make sure borrowers understand all aspects of t...
01/30/2024
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We have a very busy week and this issue may take a little longer than usual to cover it. The most important event to take place is the Fed meeting on interest rate policy. I, along with 97.9% of the market, believe that the Fed will have another pause on rate hikes (2.1% are voting for a 25bp cut...
01/29/2024
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Last week we saw some home builder data come in, better than expected. Housing starts, building permits, and homebuilder confidence were all higher than expectations. It seems that December's rate drop got the whole industry excited. In January we have seen a little bit of a snap back to reality....
01/22/2024
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Last week we saw inflation data come in slightly higher than expectations on some gauges and in line with others. Here is the data below. Core = excluding food and energy from the data calculations. The Fed prefers core measurements. CPI month over month increased by 0.3% when the market was exp...
01/16/2024
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Last week labor numbers came out. There were more jobs added than expected (the labor market remains strong) and the unemployment rate for December remained unchanged at 3.7%. Here are the unemployment rates for the past 12 months given revisions (the revisions aren't out yet for December's numbe...
01/08/2024
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The markets started off the new year by taking a breather from the incredible run that ended 2023. Markets want to see the actual policy by the Fed (cuts) before getting too ahead of themselves. Remember, nothing sprints forever. No matter the direction of the trend, pauses are needed with retest...
01/04/2024
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Congratulations on surviving 2023!I wish you and yours a healthy, happy, and prosperous New Year Too!It looks like things should be improving for our industry.Happy Holidays!
12/24/2023
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Reverse mortgages have not always had the best reputation. Back when they were created there were some negative aspects including shared equity that no longer exist.We now have to overcome some old ideas to help people use their equity to secure their retirement. The people who do not need to be ...
12/22/2023