The Chedester Team

Mortgage News

• NAMB – DACA is BACK!

  Getting DACA loans back in play for ALL originators was one of NAMB President, Kimber White’s main objectives. Well, it’s done! DACA loans are back. If you’re not familiar with what a DACA loan is, get familiar as it will benefit a lot of originators in a lot of areas around the country. There’s more […]

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• Zillow Drops Reviews & Moves to IDX

  There’s still a forbearance issue going on that’s really not being portrayed properly as far as we can see. It’s not overwhelming, but, it’s there and needs to be discussed. Zillow. All the reviews you’ve been working for are gone – why? Because they’re not your friend, that’s why. And now they’re moving to IDX […]

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• Rising Material Prices and Lot Shortages Hurt January Builder Confidence

  After setting three successive record highs, most recently a 90 level in November, the pandemic and rising construction costs are taking a toll on the Housing Market Index (HMI). The National Association of Home Builders (NAHB) said the index, which it sponsors with Wells Fargo, fell for the second straight month. A 3-point drop in the index, which measures builder confidence in the new home market, follows a 4-point decline in December. The January level now stands at 83. "Despite robust housing demand and low mortgage rates, buyers are facing a dearth of new homes on the market, which is exacerbating affordability problems," said NAHB Chairman Chuck Fowke. "Builders are grappling with supply-side constraints related to lumber and other material costs, a lack of affordable lots and labor shortages that delay delivery times and put upward pressure on home prices. They are also concerned about a changing regulatory environment."