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Princeton Wholesale
May 2, 20182 min read
What nickname are we going to give to the next recession?
It’s funny to me that as a nation we can’t just bask in the fact that our economy is strong. It’s good right now. It’s healthy (kinda)....
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Princeton Wholesale
Apr 30, 20182 min read
Freddie Mac’s 3% down program & the CFPB amends the “Know Before You Owe” rule.
Last Thursday, Freddie Mac released a new conventional 3% down program. The program is designed to help qualified first-time homebuyers...
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Princeton Wholesale
Apr 23, 20182 min read
The bond market is on the rise; What’s the impact of the Wells Fargo settlement?
The 10-year Treasury Note is about 25bps from hitting 3%. This is the 10-year’s highest level since January of 2014. Okay? So, what does...
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Josh Teti, Princeton Mortgage Wholesale
Apr 20, 20182 min read
Can you write a One Billion Dollar check?
In our industry, it’s normal rhetoric to hear phrases like “a $400,000 loan amount”, or “our goal is to fund $350 million this month”,...
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Charles Howell, Princeton Mortgage Wholesale
Apr 19, 20181 min read
Moving Season
It might not feel like it, but spring is in the air. People are coming out of hibernation, even in the cities that are still dealing with...
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David Star, Weidel Real Estate
Apr 19, 20182 min read
Is less more when it comes to tech in the mortgage industry?
The National Bureau of Economic Research found that technology-driven lenders have created efficiencies in the home lending business that...
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Matt Pfrommer, Princeton Wholesale Mortgage
Apr 17, 20183 min read
Predatory Lending… it’s in the details?
Predatory lending, a term usually reserved for counties around Chicago, is popping up in New York of all places. New York has one of the...
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Princeton Wholesale
Apr 16, 20183 min read
Two words that aren’t friends… patience & mortgage
So, it’s April… and there is still snow in the weekly forecast… sweet. It looks like we need to remain patient for the official close out...
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Josh Teti, Princeton Mortgage Wholesale
Apr 13, 20182 min read
Going to college is no longer cool...
When I was in high school, there was basically 2 options after graduation, 1) go to college, 2) go to a technical school and enter a...
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Charles Howell, Princeton Mortgage Wholesale
Apr 12, 20182 min read
It’s the little things…
It’s a seller’s market, in more ways than one. Most areas are experiencing a record low number of houses being listed for sale but also a...
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Matt Pfrommer, Princeton Wholesale Mortgage
Apr 11, 20182 min read
A New Deal?
The FHA was created in 1934 to get the housing industry off its feet. According to the FHA, mortgages were tough to come by for most...
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David Star, Weidel Real Estate
Apr 10, 20182 min read
A new trend in mortgage lending
Wells Fargo is once again in the spotlight. The Consumer Financial Protection Bureau is considering fining Wells Fargo hundreds of...
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Princeton Wholesale
Apr 9, 20182 min read
Employment numbers on the rise in the mortgage industry; Student loan debt is still weighing down po
In 2016, refinances made up 50% of mortgage transactions. In 2017 they made up 35% and with rates on the rise in 2018 we’re going to see...
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Princeton Wholesale
Apr 6, 20183 min read
Are we getting greedy again?
Earlier this week I went on a rant about the subprime (Non-QM) craze and how the MBA conference really opened my eyes to what was going...
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Princeton Wholesale
Apr 4, 20183 min read
Why it’s important to get the company culture right
I think it’s time we step away from the nitty gritty of our industry and take a deep breath. Let’s talk about something that is so...
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Matt Pfrommer, Princeton Wholesale Mortgage
Apr 3, 20183 min read
Equity in the Numbers
Last week, we posted about the $5.5 trillion in equity that homeowners are sitting on and pondered when and how homeowners would start to...
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Princeton Wholesale
Apr 2, 20182 min read
We’re all in agreement that non-QM is just subprime, right?
As I walked up and down the aisles at the MBA Conference in Atlantic City last week I couldn’t help but notice the sheer number of...
166 views0 comments
Charles Howell, Princeton Mortgage Wholesale
Mar 30, 20182 min read
30-year mortgages in just 30 minutes? Really?
Technology is defined as the practical application of knowledge in a particular area. As we’ve all gotten older, these practical...
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Charles Howell, Princeton Mortgage Wholesale
Mar 29, 20182 min read
2 is better than 1 … or is it?
The Federal Housing Finance Agency (FHFA) has announced that their implementation of new “Uniform Mortgage-Backed Securities” will...
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David Star
Mar 28, 20182 min read
Mortgage/Housing Market Outlook is getting better and better
In my previous blog post, I discussed how home prices were outpacing the average US wage. A short housing supply and an ever-increasing...
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