Like many of you I had a “rocky” ride in the last real estate recession and successfully learned many “million-dollar” lessons that were very painful. One of the key takeaways from the last recession is that risks lurk in plain sight. Hindsight 20-20 it was...
With the labor market looking up, we decided to "hire" a new employee, Luna. She will be working out of our Colorado office and focusing on property inspections (and anything that has to do with snow). Please welcome her to the team 🙂 The Labor Department...
First, I hope everyone is doing okay with everything going on. As many banks and other lenders pull back thru the pandemic and the mortgage rate increase we are still funding. We fund and hold all of our loans in cash without leverage so we will continue to...
The picture above is a bit more relaxing to look at as opposed to the media barrage of the coronavirus and stock market (do you know where I took the pic, hint in CO, email me if you know). The Coronavirus has caused stock markets around the world to quickly sell off...
At first glance, 2020 looked like smooth sailing. But the National Association of Business Economists (NABE)—a respected body whose past presidents include Alan Greenspan—recently released their latest economic outlook, placing the odds of a recession in the next 18...
After years of increasing credit scores, FICO, the fico credit score used by the majority of lenders, has done an abrupt shift. FICO Score changes in how the most widely used credit score in the U.S. is calculated will make it harder for many Americans to get loans. ...
First, I wanted to wish each of you and your families a Safe, Happy, Healthy, and relaxing Thanksgiving Holiday. As you sit around the table, I wanted to provide a little food for thought. A gentleman that lost his home in the California wildfires is now...
It is crazy, the last real estate crisis was 10 years ago and the government is still debating what to do with Fannie/Freddie, the largest securitizers of 30 year fixed mortgages. Why are we still debating the governments role in housing? Why is this increasing the...
Recently the news has been overwhelming on the China trade war. Last week there was a trade meeting surrounded by fanfare, then there were the tweets from the president announcing more tariffs. The US markets plunged losing 2% in one day and bonds gained. What is...
Fitch Ratings, one of the big three rating services (the other two are Moody’s and Standard and Poors) announced big changes to their pricing models that rates mortgage securities. What is changing? Why is this change so impactful? Why will commercial and...
If you have closed any real estate loan since 2003, you have over a 25% chance you were impacted. First American, the second largest title insurance company in the United States handling over 26% of all closings, announced a data breach that exceeds anything we have...
We keep hearing that the spring real estate season is just around the corner, yet the April housing numbers came out showing a 4.4% decline from 2018 and continuing a downward trend of declining sales for the 14th straight month. What is driving this trend? What are...
Federal Reserve Chairman Powell recently announced that inflation is transitory. Sound familiar? Janet Yellen, the prior fed chair, used this same term 2017 and 2018. Seems like we are in an extended “transit”. Why? Are we headed for the next...
GDP numbers came in great far exceeding expectations at 3.2%. President Trump tweets “we knocked it out of the park”. At the same time inflation remains low/nonexistent which has enabled mortgage rates to fall over 1%. Even with all this good news, home sales...
Recently zestimates have been on an upward trajectory, far outpacing typical gains in the market (the graph above shows a 50% increase in two years). Why is the zestimate suddenly increasing? Why is it increasing so rapidly? Is the zestimate really the market value? ...
Last week, I woke up, checked my phone only to see it blowing up with alerts. I was getting alerts about random charges that were not mine from my credit card. Not the best way to wake up, but not surprising since it has been about 6 months since the largest hack in...
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Email: Info@FairviewLending.com
