Stiff competition has led mortgage lenders to approach 2018 with negative outlook on profit margins and refinance activity for the fifth straight quarter according to a Fannie Mae survey.
Read More »Can Homebuyers Afford a Mortgage in These Cities?
Six cities on the U.S. coasts have 70 percent or higher households that can’t afford to buy a home, says a new study.
Read More »Good News for Sellers as Home Prices Rise
With home prices projected to increase 4.2 percent by November 2018, its a seller’s market. However, first time homebuyers can expect limited for-sale inventory for lower-priced homes.
Read More »FHFA Sets Fannie & Freddie 2018 Priorities
Safety, reduced risk, and creating new infrastructure especially for new single-family homes rate high on Fannie Mae and Freddie Mac’s to-do list for 2018.
Read More »Realtors Examine Impact of Tax Bill
A survey found that homebuyers are anxious to know the effects of the Tax Cuts and Jobs Act, which some say may put upward pressure on home prices and mortgage rates on account of higher after-tax income.
Read More »Mortgage Origination Report Shows FICO Scores Dropping Across Loan Products
Dropping credit scores point to loosening credit standards to attract a dwindling refinance market.
Read More »Go West for the Nation’s Hottest Housing Markets
Areas on the West Coast, including San Francisco, Seattle, and San Jose, were among the hottest markets in 2017, with high sale prices and low housing inventory.
Read More »Shift Towards Investor, Refinance Loans Leads to Higher Credit Risk
A recent report indicates higher risk attributes for both purchase and refinance loans, although the risk levels remain similar to those in early 2000s.
Read More »New Home Sales Approach a 10-Year High
Existing home sales posted back-to-back gains in 2017, and contract signings to close on existing home sales increased for the first time in four months, according to a report by Fannie Mae.
Read More »Builder Confidence Swells on Positive Outlook for 2018
Builders are confident about the housing market’s expansion in 2018 on the back of rising demand for housing and tight supply of existing home inventory.
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