Certainly the cost gap between renting and owning is widening, and the press is filled with stories that our borrowers see, and MLOs should read, like, “Rent vs. Buy: Is Renting Cheaper Than Buying a Home?” or “Rent or buy? How long it takes for buying a home to pay off in each metro.” Today at 11AM PT on L1’s Mortgage Matters, Developer’s Mortgage COO Taylor Stork discusses lender challenges. Lenders are scrambling to target borrowers “at the top of the funnel, and today at noon PT the Credit Committee, presented by Equifax, David Hadaway, the CEO of Altair Data Resources, to discuss how pre-screen credit data is transforming borrower acquisition. The conversation explores precision targeting, lead quality, and strategies lenders can use to improve conversion while reducing acquisition costs. (Today’s podcast can be found here… this week’s ‘casts are sponsored by Zillow Home Loans, Zillow’s in-house mortgage lender. By integrating Zillow’s real estate platform with financing, Zillow Home Loans helps buyers move from dreaming about a home to holding the keys, and loan officers focus on guiding buyers with care and confidence. Today’s has an interview with JPMorgan Chase’s Olivia Barrow Strauss on today's housing policy landscape, examining why the U.S. continues to underbuild homes, how smart policy can expand supply and lower costs, and what the passage of the ROAD to Housing Act could mean for the future of housing affordability.) Lender and Broker Software, Products, and Services
PPI Does Its Best CPI Impression. Bonds Like It
The Producer Price Index (PPI) is not normally a huge market mover, but it has its moments of moderate impact. Today is such a moment as PPI did its best to mimic yesterday’s sharply lower CPI. There were also big revisions to previous months which bro…