Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard discuss the tiny increase we've seen in home sales. Today's article from Yahoo Finance is titled "US existing home sales rise in May; mortgage rates still a constraint." Overall, more homes are being listed for sale and the sales prices are appreciating! Th…

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about why the Fed is moving slow to drop interest rates. Trump is putting pressure on the Fed Chairman Powell to lower interest rates. However, we've seen strong labor data, inflation is low and things are good so we did not see rates get lowered yeste…

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about the big beautiful bill and how it effects housing. Today's article is from CNN.com: "Here's how Trumps 'big beautiful bill' would impact housing." We haven't read the full bill, but this article applauds the expansion of tax credits that help ass…

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about the fact that home listings are breaking recent records. Today's article is from Fox Business: "Home sellers face harsh new reality as listings hit record $698B value." This article contradicts the problem we've had the last few years of not enou…

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about the ongoing saga continues of whether Fannie Mae and Freddie Mac will go private. Today's article is from the Scotsman Guide: "Senators demand answer from Pulte on plans to take Fannie and Freddie public." The big debate is between keeping them u…

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about the fact that there is $11.5 in home equity available in the market. Homeowners are sitting on a lot of equity. Tappable equity is 80% of the current value of the home. Did you know, you can leverage the equity in your favor? The two types of loa…

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about whether FICO is a monopoly. Today's article "FHFA's Bill Pulte takes aim at FICO 'Monopoly'" references the fact that FICO is synonymous with credit, and their costs have gone up over 400% in the last few years. These costs have been passed onto …

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk homebuyers fearing a recession. Today's article is from Newsweek: "US homebuyers fearing a recession: poll." People are afraid from budget fights to tariffs wars, there's so much uncertainty. But still the majority are not concerned, homebuyers however…

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about credit downgrades and tax reforms. Over the weekend, the market dipped because of investor confidence. This new tax reform bill is going to cost $4.6 trillion, so Moody dropped the rating. Ultimately, we need to control our debt and deficit, beca…

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk CPI and what it means for mortgages. Today's article is from Market Watch: "Rent increases and driving overall inflation -- but it's a lot more complicated then you think." Overall, the latest CPI report came in as expected. We are trending in the righ…

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about if we avoided a recession with the new trade deals. Big news over the weekend, China and the US agreed on a lower trade deal. Today's article is from Housing Wire "What happens to mortgage rates with more trade deals?" suggesting if this trade de…

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about Jerome Powell's press conference in Washington. Rates did not change today - but no one was expecting that - citing a steady economy with maximum employment. However, there is a lot of uncertainty about the future. Stagflation was discussed which…

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about Federal budget cuts! Today's article is from MPA Mag: "Trump budget proposal targets major cuts to federal housing aid." Some of the proposed cuts include affordability programs totaling $33 billion from HUD. These programs assist a lot of first-…

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about Federal budget cuts! Today's article is from MPA Mag: "Trump budget proposal targets major cuts to federal housing aid." Some of the proposed cuts include affordability programs totaling $33 billion from HUD. These programs assist a lot of first-…

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about why your zestimate might be wrong. Buyers want deals. Newsweek.com's article "Americans could be over valuing their homes" says there is a divide between what sellers want to get, and what buyers are wanting to pay. Sellers just aren't getting to…

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard discuss whether we have flipped from a sellers to a buyers market. We've had an inventory problem the last few years which have benefitted sellers. With 85% of homeowners sitting below a 5% interest rate, homeowners have felt trapped in their current proper…

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard are finally talking about some good news. A report came out in housingwire.com "New-home sales jump in March despite economic headwinds" where we are seeing some good news -- 6% growth in new-home sales and, strong growth in homes on the market. Regionally …

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard discuss where is housing de-regulation? We've been hearing a lot of talk about this, but not a lot of action. Today's article is from Yahoo Finance "Big banks push for simpler mortgage rules as housing market slows." The article references some of the major…

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard discuss how uncertainty with rates might cause different mortgage products to do well in this mortgage environment. We've been talking a lot about tariffs and rates for a while now on this podcast, and today's article from CNBC.com, "Homebuyers rush to risk…

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about how tariffs, and ups and downs in the market, have caused a lot of volatility around the world. Our mortgage market is particularly effected by the bond market (our national debt), and is usually considered a safe investment, but rates have risen…

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard discuss if shrinking bank accounts post liberation day could affect your ability to qualify for a mortgage. The POTUS says to hang in there, but in the meantime there are some fears out there in marketplace. Today's article is from mpamag.com: "The '800 pou…

Yesterday was Liberation Day... How liberated do you feel? Rich and Michael discuss Trump's tariffs and how they may or may not affect home building and home purchasing in the months and years to come. Listen in as we discuss this and more! ______ See more at TodayInMortgages.com Want to get expert coaching everyday and have the power of the best N…

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard discuss two of the biggest company's in the industry coming together. Today's article comes from Bankrate.com "Two major mortgage players to merge: What should borrowers know?" The two company's are Rocket Companies (Rocket Mortgage) and Mr. Cooper (a very …

This week, FHFA made some big policy announcements that are shaking up who is eligible for FHA loans. Listen in as we discuss this and more! ______ Grow Your Business: https://join.nflp.com/ ______ Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. The content of this program is meant to be a commen…

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard discuss some key industry indicators that are on the way up: Home sales, price and inventory. Today's article from the National Mortgage Professional "Homes sales rise - along with prices and inventory" states that home sales are up 4.2% from last year with…

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about why some people are hoping for a recession. Today's article is from MarketWatch "Prospective homebuyers are hoping for a recession to bring down housing prices. Does that make sense?" Looking back at our last recession, the 2008 recession caused …

It was expensive for the government to bailout these two companies roughly a $200 billion bailout from the years 2008-2011. Since then the government has made $400 billion in revenue from these investments, which is being pumped into the government. Where the government will find that income, we are sure, but we are interested to see where this goe…

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk Warren Buffet's housing alarm. The Street's article, "Warren Buffett's Berkshire Hathaway sounds the alarm on the 2025 housing market." The article says it's going to be a tough year, or more of the same. We will see more inventory this year, because t…

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about economic policy and how it affects housing - especially builder confidence. Today's article from Housingwire.com "'Reciprocal' tariffs would create chaos for homebuilders" reminds us that builders need predictability, but there is so much uncerta…

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about high insurance costs. Affordability is becoming a big problem in the United States. Insurance and property taxes have been driven up in the last few years, and according to today's article from Insurance Business Magazine, "Insurance could kill m…

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about the CFPB. It was established by congress to oversee lenders and give access to consumers to learn about mortgage lending, and make complaints. Tensions have come up in recent years, because it's led by one director and many believe it has become …

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about tariffs and trade wars. It's been a crazy first couple of weeks with this new administration. Today's article from Morningstar talks about the possibilities of tariffs and what that could mean for us: "Buying a house admid the trade war? Here's w…

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk the latest Fed meeting. The CME has a Fed watch tool and the likeliness of a rate reduction is very low until June. Ultimately, borrowers should not be waiting for rates to reduce to make a move on a property. If you're on the fence to buy and you're w…

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk December's boost in new home sales. Builders were promoting a lot of incentives to move their inventory before the end of the year. And, reports say homes under $350k increased from 15% to 20% of market share. Meaning lots of first-time home buyers out…

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about our new president, and his new initatives. The article we look at today is: "What Trump's win could mean for housing: experts weigh in." There are a lot of thoughts in this article, but we want to focus on the idea of privatizing Freddie Mae, and…

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about the most recent CPI report. Good news, inflation continues to slow down, even though it was slightly up after yesterdays report. Today we look at two competing headlines. The first article is from Realtor.com titled "Inflation rises for the third…

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about the devastating California fires and the consequences. Today's article is from Reuters.com: "Biggest US banks ready mortgage relief for victims of Los Angeles wildfires." The article discusses ways banks are helping victims thru different measure…

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about 2025 mortgage predictions. There's a lot to look forward to, after another rate cut yesterday. Mortgagereports.com has some broad predictions "2024 housing market: Key takeaways and what lies ahead." Some factors that played into the economy in 2…

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about whether economic headwinds are reducing our opportunity for rates cuts in 2025. We are anticipating a rate cut tomorrow, which is widely expected and will likely not cause any change to mortgage rates. Today's article is from YahooFinance.com "Th…

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about who's buying and selling mortgages in 2025. The discussion references Realtor.com's article "Younger American's who bought their homes during the pandemic will be 2025's biggest sellers." The results of the article's survey found that 20% of home…

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about the FHA's proposed rental requirements. Today's article: "FHA proposes looser Boarder Income Requirements for Qualifying" says the FHA realizes it needs to use all income streams to help qualify first-time buyers, and rental income is one of them…

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk all about homebuilders! We are a few weeks into our post-election reality and the market is looking up now that we know who our future president will be. Today's article from Housingwire "Homebuilder confidence gets a post-election boost" says builders…

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about the new president and new policies. Today's article is from CNBC: "Here's what the trump presidency could mean for the housing market, experts say" talks about what President Trump plans to do to fix housing. First we can expect, deregulation to …

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about the Fed's second rate cut. Today's article is from CNBC "Mortgage rates surge higher on Trump victory, causing housing stocks to fall." Post election we saw a slight rate bump, Trump's campaign said they would give tax cuts and would put tariffs …

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about what we can expect with the next rate cut. There is another fed meeting later this week, and CBS News' article asks "What will happen to mortgage rates after this week's Fed rate cut?" We are all expecting a 25% basis point rate cut, but unfortun…

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about the state of home sales and inflation. The PCE came in right on target at 2.1%, where the Fed was expecting. This is one of the Fed's primary gages for inflation. Housing inflation has slowed a bit, and sales haven't increased as much due to affo…

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about the housing market's slow comeback as they look forward to the rest of this year and beyond. The good thing is people will always need housing, despite the fact that we are a little behind the expectations for the year, next year is looking up. T…

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about home appreciation. Today's article "Home price growth slows but remains robust" highlights the cooling home prices we are seeing. We are about to get loan limits for next year which show an increase in home prices of 5.9%. And, what we are seeing…

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about home prices one more time. The question they ask today is based on today's article: "What will happen to home prices as interest rates are cut." Three things can happen: prices continue to grow, they go down or they stay the same. Some of the fac…

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about why rates aren't getting better. The reason we are all confused is because rates are climbing, and this is after the highly anticipated rate cut. This could be due to a positive jobs report, and inflation coming down -- the two main factors the f…