Lending Edge UK’s Post

Sure signs the year end is approaching: an overload of news from Capitol Hill and a surfeit of frozen #turkeys in your local supermarket. We honestly prefer the poultry over the politics, but with the New Year and a new administration approaching, it’s time to consider 2025. In September we revised our purchase mortgage origination forecast downward, citing high rates, limited home inventory, and housing affordability challenges as major headwinds to an industry bounceback. What impact might the new Trump administration have on the affordability crisis? In the short-term, rates have gone up. When it comes to long-term outlook, experts are divided: https://lnkd.in/gsp7N-Yk One thing’s for sure: lenders must prepare to build agile, effective strategies to continue lending effectively. iEmergent provides the market intelligence needed to keep lenders on track and focused on areas of opportunity, even in turbulent markets. Learn more about iEmergent to pinpoint your brightest markets: https://lnkd.in/gTbyD8ME #housing #mortgage #mortgagelending #fintech #policy

"Shared Ownership’s journey has been slow. But looking back, massive ground has been covered and huge progress made. More lenders are on board than ever. And – perhaps most importantly - awareness about what Shared Ownership is and the amazing benefits it delivers is stronger than ever." Some chirpy commentary to start August from our Managing Director Kelly. Despite this progress, there's still plenty of work to be done. RPs can gain monthly snapshots of the mortgage market, industry blog articles and deep-dive SO data insights in our exclusive RPs-only zone. Head to: https://bit.ly/3sOezhc #sharedownership #affordablehousing #mortgagemarket

HomeLend now offers an expanded ITIN program with a max LTV of 85%. REVIEW OF THE ITIN FACTS: 1️⃣ An ITIN is an Individual Taxpayer Identification Number issued by the Internal Revenue Service to individuals not eligible for a Social Security Number. 2️⃣ The IRS now receives over 1 million ITIN applications per year and growing. 3️⃣ US Census Bureau estimates that ITIN lending serves a growing market of over 20 million underbanked consumers. OUR ITIN INVESTORS TELL US: 1️⃣ ITIN default rates are much lower than other common mortgage products. 2️⃣ ITIN mortgage originations are growing exponentially. OUR UNIQUE FEATURES: ✅Allows for Condos, Second Homes, and Investment Properties. ✅Alternate documents, including bank statements, are allowed. ✅660 minimum credit score. ✅Max LTV 85%. A WINNING PROPOSITION FOR LENDERS: HomeLend provides a FREE one-stop solution for Lenders to access multiple Investors, all in one place quickly. Lenders can utilize a single MLPA on a state-of-the-art mortgage platform.

From a lender's perspective, consumer confidence has been on a wild ride this year. At the beginning of the year, many borrowers were hopeful, anticipating one, maybe even two significant interest rate cuts. But as we move deeper into the year, that hope has started to diminish. We've noticed a shift in sentiment—people are looking for a break, a pause, something to ease the financial pressure they've been feeling in the market. For many, the question has now become less about when prices will drop and more about whether they will drop at all. The truth is, based on the economic data and recent stress tests, there’s no indication that prices are going to decline. In fact, if you're financing a home purchase today, you're likely securing a valuable asset that will appreciate over time. Even though there have been fluctuations—like a million fewer housing starts month-over-month and a drop in building permits—the housing market continues to show resilience on a national level. While local markets may have their own unique trends, the overall message is clear: the market is still strong. For those of you thinking about taking out a mortgage, don’t be swayed by the headlines. The clients I’m working with are still making substantial down payments, confident that their investments will yield long-term gains. The key is to stay informed, be patient, and recognize that even in a fluctuating market, there are still excellent opportunities to secure your financial future. Let’s navigate these economic currents together. Whether you're a first-time homebuyer or looking to expand your property portfolio, now is the time to stay the course and trust in the lending process. 🏡💼 #Lender #HousingMarket #MortgageInsights #InvestIng #mortgage #mortgagelender #californiarealestate

✨🏡 As 2024 comes to an end, we’re looking ahead to what 2025 might hold for property prices! Drawing on seasonal trends, economic projections, and mortgage rate predictions, Rightmove's experts have analysed the housing market to forecast the year ahead. This forecast leverages real-time data, allowing us to monitor housing market changes as they happen, including reactions to significant events like the Chancellor’s Autumn Budget and the second Base Rate cut of the year on the 7th of November, lowering interest rates to 4.75%. 📖 To find out more, read our latest blog: https://lnkd.in/ehvyAFqJ #HousingMarket2025 #PropertyMarketInsights #HousePrices #PropertyMarket #Leicester #Seths 🏠✨

🏡 Key Takeaways from the PEXA FY24 Cash Purchases Report:   1. 𝗥𝗲𝗰𝗼𝗿𝗱 𝗖𝗮𝘀𝗵 𝗣𝘂𝗿𝗰𝗵𝗮𝘀𝗲𝘀: Over 𝟭𝟰𝟭,𝟬𝟬𝟬 homes were purchased outright in FY24—a 3.9% increase year-on-year. 📊💸   2. 𝗩𝗮𝗹𝘂𝗲 𝗦𝘂𝗿𝗴𝗲: These cash transactions totaled $𝟭𝟯𝟴 𝗯𝗶𝗹𝗹𝗶𝗼𝗻, reflecting a 14% YoY growth. 🚀💰   3. 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗵𝗮𝗿𝗲 𝗗𝗶𝗽: Despite value growth, the market share of cash purchases fell to 𝟮𝟲.𝟱% (down from 26.9%). 🔄   4. 𝗙𝗶𝗿𝘀𝘁-𝗛𝗼𝗺𝗲 𝗕𝘂𝘆𝗲𝗿 𝗕𝗼𝗼𝗺: NSW and QLD saw a surge in first-home buyer activity, driven by mortgage reliance and family support. 🏘️   💡 Insight from Julie Toth: First-home buyers are reshaping the market, often relying on government schemes or family assistance, signaling a shift in dynamics. 🌟   👉 Your thoughts? Are cash buyers losing their grip, or does this shift create opportunities for new entrants? Let us know! 👇   #AustralianPropertyMarket #HomeBuyingTrends #FirstHomeBuyers #PEXAInsights #WinSquareFinance   📌 Full Report: https://lnkd.in/dWCd_KbH

Lock advice at a glance! Current position: Cautiously float! REPRICE RISK: Low “We have three pieces of economic data coming tomorrow, including another that is considered highly important to the financial and mortgage markets. That will be July's Retail Sales report at 8:30 AM ET that tracks consumer spending. This category makes up over two-thirds of the U.S. economy, so stronger numbers are a sign the economy will grow. Forecasts have sales rising 0.3%, indicating consumers spent more last month than they did in June. Weaker sales would be good news for bonds and mortgage rates.” (want the full daily report, just email me the request) Looking to see what rate & Program best fit your needs? To schedule appointment and to provide me with basic information, click the link https://lnkd.in/gRRVFXAA Loan Level Price Adjustment Reminder: all lenders have already implemented the LLPA price adjustments, which are not favorable for most loans and will raise consumer rates. You can see the new LLPAs here: https://lnkd.in/egNtCHNW #azmortgagaebroker #peoriaazrealestate #phoenixarizona #arizonamortgages #glendaleaz #barrettfinancial #firsttimehomebuyer #azhomeloans #JeffPickeirng #pickeringgroup #AZBroker #MortgageRates #HomePurchase #Refi #purchaseahome

📊 Ahead of the Curve: Understanding the Impact of the Fed Rate Cuts In this month’s blog, Arc Home's CEO, Brian Devlin, dives into the recent Fed rate cuts and their potential effects on the mortgage industry. Whether you're a broker or a lender, understanding these changes is key to staying competitive in a shifting market. Read the full article to get valuable insights on how these shifts may impact interest rates, borrower behavior, and product demand. 🔗 https://lnkd.in/eqfMQzph #FedRateCuts #MortgageIndustry #NonQM #ArcHome #MarketInsights #MortgageBrokers #Lenders

📊 Ahead of the Curve: Understanding the Impact of the Fed Rate Cuts In this month’s blog, Arc Home's CEO, Brian Devlin, dives into the recent Fed rate cuts and their potential effects on the mortgage industry. Whether you're a broker or a lender, understanding these changes is key to staying competitive in a shifting market. Read the full article to get valuable insights on how these shifts may impact interest rates, borrower behavior, and product demand. 🔗 https://lnkd.in/ezWGaxgQ #FedRateCuts #MortgageIndustry #NonQM #ArcHome #MarketInsights #MortgageBrokers #Lenders

📊 Ahead of the Curve: Understanding the Impact of the Fed Rate Cuts In this month’s blog, Arc Home's CEO, Brian Devlin, dives into the recent Fed rate cuts and their potential effects on the mortgage industry. Whether you're a broker or a lender, understanding these changes is key to staying competitive in a shifting market. Read the full article to get valuable insights on how these shifts may impact interest rates, borrower behavior, and product demand. 🔗 https://lnkd.in/gV67EQ3y #FedRateCuts #MortgageIndustry #NonQM #ArcHome #MarketInsights #MortgageBrokers #Lenders