Today in Mortgages

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 think if there is a recessio...

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, because the country spend's more than it brings i...

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 right direction, except the shelte...

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 deal happens we are likely to avoid...

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 is slow or negative economic growth due to...

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-time homebuyers, and Trump is tryi...

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-time homebuyers, and Trump is tryi...

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 top dollar, and 44% of all home...

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 properties.  Todays article is from market watch &q...

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 the south is driving a lot of the growt...

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 reforms we are looking for w...

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 riskier loans, as tariff turmoil pushe...

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 due to other countries selling off our bonds. Tod...

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 pound gorilla' now threatening h...

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 Network in Mortgages behind your production...

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 large servicer), and side...

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 commentary on mortgage and real estate news and any...

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 a 17% rise in inventory due to so...

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 prices to come down, however, those...

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 goes.  Bill has said he is also going to prioritize f...

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 there are people who...

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 uncertainty with all the tariff...

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 mortgages in some of the US - Powell.&quo...

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 out of hand. Don't get us wrong, lender...

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 what you can expect from mortga...