Lending and Originations

Direct mortgage lender adds former Chief of Retail Production at Guaranteed Rate to serve as its new Chief Production Officer.

Following a growing trend of cyberattacks in 2022, MLS services remain vulnerable, according to CoreLogic experts, who suggest the urgent need for comprehensive security measures in the real estate and mortgage industries to help prepare for and prevent security breaches.

“When remote work is coupled with the reported rise in the importance of affordability, it's not surprising that respondents expressed a greater willingness to live farther from their current location,” noted a Fannie Mae report. “Of course, renters indicated the greatest affordability concerns, as well as a willingness to consider areas farther away from their current location.”

Despite fixed-rate mortgages moving upward to levels last recorded in December 2000, the MBA reports both purchase and refi apps rose week-over-week, the first such increase in over a month.

“When factoring in the median value of a finished lot, the cost of manufactured housing relative to site-built falls to 54% for single-section homes, 70% for double-section, and 80% for CrossMods. As such, we suggest that manufactured housing may be most attractive in markets with lower land costs, but still offers savings regardless of land cost,” said Chadwick Reed of the Joint Center for Housing Studies at Harvard University.

“Fading recession fears and the prospect of further home price increases have brought some house hunters off the sidelines, but for the most part, buyers remain hesitant to jump into the market because their buying power is so much lower than it was a year ago,” said Redfin Chief Economist Daryl Fairweather.

National lender purchases Illinois-based firm, adding approximately 15 branches, and nine satellite offices in 17 states to its growing national retail network.

“The steep decline in sales driven by the rapid rise in mortgage rates seems to be behind us, as the initial shock of higher mortgage rates has worn off,” said Mark Fleming, the Chief Economist for First American Financial Corporation.

Researchers from Finance of America Reverse report that a lack of education about their options could be preventing Americans’ use of their homes as both a shelter and financial springboard.

“Some buyers are hoping they can get a home for under asking price to make up for high interest rates because they’re hearing the housing market is slow. But what’s happening nationally isn’t necessarily true [locally],” said Kristin Sanchez, a Redfin Premier Agent.