"February 2025" Archives

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Florida struggles with affordable housing despite bulking up construction

Despite bolstering its construction activities and the availability of single-family homes, the state of Florida continues to endure shortages in its affordable housing stock that impact the workforce and retirees living on fixed incomes. This is according to a 2024 annual report from the University of Florida’s Shimberg Center for Housing Studies, which examines “recent…

Mortgage rates move lower, but homebuyers face other obstacles

The long-range forecast for mortgage rates has dimmed in recent months, but stability has returned to the market more recently as rates are slowly creeping back down toward 7%. Still, all types of prospective homebuyers — whether they’re a Gen Z worker searching for a starter home, a millennial looking for more space or a…

Argyle launches fully embedded VOIE through nCino integration

After teaming up in 2022 to bring fully digital verification of income and employment (VOIE), Argyle and nCino announced enhancements to its integration. The initial digital integration involved reports, pay stubs and W-2s to the more than 370 mortgage companies and 52,000 loan officers that rely on nCino to manage the loan application process. The…

Homebuyers say they are willing to accept longer mortgage terms

High interest rates and home prices are causing some prospective homebuyers to avoid applying for a mortgage. But despite this trend, some buyers are willing to adjust their loan term expectations to achieve homeownership, according to a recent report by real estate technology company REsimpli. REsimpli questioned 1,200 respondents who had plans to buy or…