“Borrowing and lending were down for every property type and capital source from one year ago. However, compared to this year’s second quarter, volumes were more stable, and some sectors—including industrial properties and life company lenders – showed an uptick in volume,” said Jamie Woodwell, MBA’s Head of Commercial Real Estate Research.
Read More »Most 2022 Mortgages Were Originated by Independent Institutions
The share of mortgages originated by non-depository, independent mortgage companies decreased in 2022—but still accounted for 60.2% of first-lien, one- to four-family, site-built, owner-occupied home-purchase loans (down from 63.9% in 2021).
Read More »Mortgage Lending Slumps Again in Q4
According to a new ATTOM report, mortgage lending declined to its lowest point in nearly nine years in Q4 2022, while purchase loans decreased an estimated 26%.
Read More »Mortgage App Payments Rose Nearly 4% in October
The Mortgage Bankers Association has released new data showing the national median mortgage payment rose to $2,012 in October, recording a slight climb from September. Meanwhile, median asking rents increased an estimated 6.2% between Q2 and Q3 of 2022.
Read More »Housing Market Improvement Predicted in 2024
“Home sales are projected to hit a trough in Q2 2023, at a selling pace of 4.27 million annualized units, as the full effect of higher mortgage rates and the projected recession take hold,” according to a new Fannie Mae forecast.
Read More »Guild Mortgage is a Fannie Mae STAR Performer
The independent mortgage lender was honored with the recognition for its competency, capacity and overall performance in servicing.
Read More »More Borrowers Opt for Refis
Refinance loans saw more closings than any other mortgage loan in January, with refis representing 45 percent of all closed loans, according to the monthly Origination Insight Report ...
Read More »Residential AD&C Loan Volume Tight But Expanding
Outstanding residential acquisition, development, and construction loan volume expanded 4.7 percent in the second quarter of 2015. The National Association of Home Builders found that AD&C loans grew for the ninth consecutive quarter, but availability of these loans remains tight, hindering home construction.
Read More »Originators Outline Struggles in Changing Market
According to results in Hammerhouse’s 4th Annual Survey of Originator Opinions, 44 percent of originators polled said the biggest challenge for the industry in 2014 will be "adding new relationships to support a purchase focused business" with purchase volumes still too weak to support the market. Given these obstacles and the continuing decline in mortgage volumes, 69 percent of originators expect overall volume to drop in 2014.
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