Another 5.5 million homeowners took advantage of low rates and record home price growth to tap available equity via cash-outs, which—as rates rise—now make up the majority of refinance activity.
Read More »Strong Housing Market Boosts Overall Household Wealth
New study finds the median net worth of U.S. households rose 17.6% from 2016-2019.
Read More »Production Profits Increase for IMBs in Late 2021
According to a report, "Net production profit rebounded in the third quarter of 2021 after a drop-off in the second quarter, but was down more than half from the record profit one year ago."
Read More »Deephaven Adds VP of Business Development
Dallas-based Timothy Fisher is charged with growing the company’s correspondent business in Texas and surrounding states.
Read More »Building Permits Boom—Will the Market Finally See Inventory Relief?
One economist stated, "Builders in recent months have put the pedal to the metal to get new homes up and meet a rush of demand.
Read More »Mortgage Lending Experiences Quarterly Decline
Overall loan activity decreased 8%, marking the second consecutive quarterly decrease according to Q3 data.
Read More »Rates Remain Favorable for Refi-Seekers
In a holiday-shortened week, mortgage rates rose slightly, hitting 3.11%, yet remaining within range of all-time lows.
Read More »November Median Home Sale Price Reaches New High
If you thought the housing supply hit rock bottom in February, you thought wrong. According to a new report from Redfin, the number of homes available for sale fell by another 38,000 units finding ...
Read More »Mortgage Insurance Deduction Legislation Introduced
New bipartisan measure aims to make permanent a deduction for MI premium payments for middle-class homeowners.
Read More »Déjà Vu All Over Again
For the mortgage lending industry, 2022 will look an awful lot like 2021, as Shashank Shekhar provides his exclusive forecast for next year to The MReport.
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