According to the April 2022 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group, expectations of aggressive monetary policy tightening through 2023 by the Federal Reserve ...
Read More »Rates Rise for Seventh Straight Week
The spring is generally a prime season for house buying, however the recent upswing in mortgage rates has caused some volatility in demand.
Read More »Flagstar Names Jim Linnane President of Distributed Retail Mortgage
Flagstar Bank has named Jim Linnane President of Flagstar's Distributed Retail Mortgage division. In this role, he will be responsible for strategy, profitability, sales, growth, recruitment, and operations ...
Read More »Achieving Customer Satisfaction Through Mortgage Lending Technology
An upcoming webinar will key in on what the industry can do to meet consumer demand amidst current economic landscape and changing customer expectations.
Read More »Mortgage App Volume Continues to Slide
With mortgage rates hitting the 5%-mark, potential buyers have tapped the brakes on home purchases as application volume dives yet again.
Read More »Existing-Home Sales Fall for Second Consecutive Month
The rise in interest rates and inflationary pressure have taken a toll on home purchases, as the sale of existing homes continues to slide.
Read More »Average Rent Increases 17% YoY
Now is not a great time to be a renter according to new data from Redfin, which found that the median rent surged in March to $1,940—the largest annual increase since February 2020.
Read More »Optimal Blue Launches Investor Pricing Insight
Optimal Blue, a division of Black Knight, Inc. announced the release of Investor Pricing Insight, a benchmarking tool that makes real-time pricing available to wholesale and correspondent mortgage ...
Read More »Eleven Straight Months of Record-Level Rent Gains
Another month, another record set. According to CoreLogic rent prices for single-family homes continued their double-digit gains in February as prices rose 13.1% from one year earlier on ...
Read More »Comparing Pre-Pandemic Levels to Current Market Conditions
First American Financial Corporation released First American’s proprietary Potential Home Sales Model (PHSM) for March 2022, showing that potential existing-home sales decreased to a 5.97 million seasonally adjusted ...
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