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Author name: Ricky Vasquez

Cornerstone Capital Bank, Tresidio Homes announce joint venture

HWmember, Idaho, LendingLife, Mortgage, Mortgage Broker, Origination, Partnerships /

Cornerstone Capital Bank and Tresidio Homes on Thursday announced the launch of Table Rock Mortgage, a joint venture mortgage brokerage. The new Idaho-licensed brokerage will provide mortgage services to local homebuyers “with goals of promoting affordability and streamlining the mortgage process for homebuyers,” according to press release from the companies. “This joint venture brings together […]

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Are seniors getting reduced Social Security or a tax break?

HWmember, Retirement, Reverse, Social Security, Social Security Administration, Tax, Trump administration /

Up to 2 million Americans could see their Social Security payments reduced by 50% in late July as the Social Security Administration (SSA) is cutting payments to recoup the billions of dollars it overpaid to some Americans in recent years. In April, the SSA announced that it would begin recovering about $72 billion in improper

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Mortgage Rates Rose Less Than Expected After Employment Data

Uncategorized /

Today brought the hotly anticipated jobs report.  This is the “official” job count and unemployment rate data for the U.S. and no other report has as much consistent power to cause volatility in the rate market.  Today’s was particularly important because a perpetually decent labor market is the main justification for the Fed to wait

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GOP megabill cutting CFPB funding goes to Trump’s desk

GOP megabill cutting CFPB funding goes to Trump’s desk

Economy, Politics and policy, Regulation and compliance, Tax /

Bloomberg News WASHINGTON —  The House narrowly passed a massive tax and spending bill, capping months of deliberations and sending President Trump’s signature legislative priorities to his desk, where he is expected to swiftly sign it, symbolically, on July 4.  The bill passed in a 218-214 vote, mostly along party lines. Reps. Thomas Massie of

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NAHB’s top economist weighs tariffs, immigration, economics

NAHB’s top economist weighs tariffs, immigration, economics

Homebuilders, Housing Inventory, Housing markets, REALTORS & HOMEBUILDERS /

Economic uncertainty and tariff negotiations have left home builders that lenders increasingly partner with feeling blue.  Builder confidence in June sank to a low akin to the onset of the coronavirus pandemic, according to the sector’s latest monthly index. The homebuilding industry is dealing with the high mortgage rates suppressing stronger housing demand, and unique

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Property tax revenue comes in at over $203B in first quarter

Housing markets, Property taxes, Servicing /

State and local governments saw property tax revenue grow in the first quarter, but the latest increase reflected a slowdown from the reported pace a year earlier. The amount of property tax collected between January and March came in at $203.4 billion to start the year. The total surged 5.2% on an annual basis from

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Mortgage rates drop again but chance of Fed cut also falls

Economy, MARKETING TO BORROWERS, Mortgage Rates, Originations /

For the first time since mid-April mortgage rates fell below 6.7%, but the data doesn’t take into account the diminished likelihood the Federal Open Market Committee will reduce short-term rates at this month’s meeting. It is a result of this morning’s jobs report coming in hotter than expected, with observers now postulating the Fed is

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California is running out of safe places to build homes

California, Homeowners insurance, Property and casualty insurance, Wildfires /

(Bloomberg) –California, gripped by a housing shortage that is forcing families from the state, wants to build 2.5 million homes. But it’s running out of safe places to put them. Much of the land best suited for new housing — wind-swept, grassy hills surrounding the state’s major cities — now faces an extreme threat of wildfire, brutally illustrated by the Los

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