Existing-home sales sagged for the sixth straight month in July, according to the National Association of Realtors. All four major U.S. regions recorded month-over-month and year-over-year sales declines. ...
Read More »IMBs Report Profit Losses in Q2
With IMBs reporting an overall net loss of $82 on each loan they originated in Q2, one analyst notes that “the second quarter of 2022 did not yield the usual Spring seasonal pick-up in purchase activity."
Read More »Inconsistent Mortgage Rates Dip Once Again
Following the up-and-down pattern of the 10-year Treasury, mortgage rates fell to 5.13% this week according to Freddie Mac, a week after shooting up to well above the 5% mark.
Read More »Brian Webster Appointed President of NotaryCam
Stewart Information Services Corporation announced that Brian Webster has been hired as the new President for NotaryCam, a Stewart-owned company. In this role, Webster will lead NotaryCam’s strategic ...
Read More »Potential Home Sales Model Reports Slowing Sales
First American Financial Corporation has released the latest Potential Home Sales Model for the month of July 2022, which uses proprietary data to measure what the healthy ...
Read More »Mortgage App Activity Bottoms Out to 22-Year Low
As mortgage rates jumped back well above the 5%-mark last week, the MBA reports overall mortgage app volume falling 2.3% week-over-week, crashing to lows last seen more than two decades ago.
Read More »Housing Starts Slip Amid Economic Headwinds
Housing starts fell further than anticipated in July, as multi-family becomes a bright spot with builders adapting to a growing rental market.
Read More »Seizing Homeownership Opportunities
While several factors have played into affordability issues for many in attaining homeownership, Adam Mercado of ClearPath Lending stresses that timing and patience are key for this segment in today’s housing finance landscape.
Read More »Pushing Mortgage Underwriting Further Into the Digital Age
Andy Sheehan of Finicity explains how Freddie Mac’s Loan Product Advisor acceptance of direct deposit data to assess income, payroll, and account transactions data for verification of employment can enable digitization through open banking.
Read More »Habitat for Humanity and the VA Partner to Increase Veteran Homeownership
New partnership geared toward expanding homeownership opportunities among the nation’s veterans will partially subsidize homeownership expenses and cost-burdens for up to 10 or 15 years for qualified candidates.
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