🐔 11 Million Chickens… and a Mortgage Metaphor We Can’t IgnoreIn 2024, 11 million U.S. households are now proud owners of backyard chickens. That’s a huge jump from just 5.8 million in 2018, according to the American Pet Products Association.Even U.S. Agriculture Secretary Brooke Rollins is ruff
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04/03/2025
The Unexpected Roadblock for Condo OwnersImagine being steps away from closing on the sale of your condo—only to hit an invisible wall. That’s exactly what’s happening to thousands of condo owners nationwide due to a growing, largely undisclosed mortgage blacklist.Many condominium properties are
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03/19/2025
America’s Top 1% Could Buy Nearly Every Home in the U.S.—Without a MortgageThe gap between the wealthiest Americans and everyday homebuyers continues to grow. A new Redfin analysis reveals that the top 1% of Americans now hold a staggering $49.2 trillion in wealth, nearly enough to buy all 100 mi
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03/16/2025
A major shake-up in credit scoring is on the way, and it could make mortgage approvals more confusing for homebuyers. The Federal Housing Finance Agency (FHFA) is rolling out a new system that will require lenders to evaluate four different credit scores instead of three when assessing mortgage a
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03/14/2025
In the spirit of summer, let’s revisit an old RSL favorite and dive into a unique condo approval case that raises an interesting question:Can a nudist community qualify for FHA financing? 🙈😳😅Condominium projects come in all shapes and sizes, and this one is certainly… a little different. This pa
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03/12/2025
The latest 25% tariff on Mexican imports is set to make waves in American households—and your grocery bill might be one of the first places you feel it. With Mexico being America’s largest trading partner, the U.S. imported $506 billion worth of goods from Mexico in 2024. Now, with Mexico hinting
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03/12/2025
Mortgage Market Turbulence: How Government Programs Are Reshaping Home Prices....(and not for the better) 🏡📉The housing market has been a rollercoaster in recent years, and despite high interest rates, home prices continue to climb. Why? A combination of government-backed mortgage programs and re
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03/10/2025
What do tariffs on Canadian goods have to do with your daily life? More than you might think! 🇨🇦➡️🇺🇸Canada is the U.S.’s second-largest trading partner, and in 2022, it was the #1 importer of American goods, making up 17% of all U.S. exports. At the same time, the U.S. imported $437 billion worth
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03/07/2025
Thought this was interesting...... Citigroup accidentally deposited a staggering $81 trillion into a client’s account—when it was only supposed to send $280. The colossal blunder went unnoticed by two employees before the error was finally caught. To put that into perspective, $81 trillion is
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03/05/2025
That Doesn’t Count Towards the 10% Reserve ContributionIt’s budget season for many condominiums who run on a calendar year and we have run across an issue with several of our clients and potential clients. Everyone knows that FHA (and Fannie/Freddie) require that a condominium contribute 10% of
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11/10/2015
