Home >> News >> Origination (page 402)

Origination

Survey: Interest Rate Increases Catching Up to Buyers

Ascending mortgage rates are starting to weigh on homebuyers nearly as much as low inventory, according to Redfin's Real-Time Homebuyer Survey. Out of homebuyers polled, 63 percent said rates have impacted their ability to buy a home at least "somewhat." When asked how rates have affected their home search, 33 percent said they're speeding up their search before rates get too high, 20 percent said they're slowing their search, and 1 percent have stopped looking altogether.

Read More »

Genworth Makes Additions to Senior Leadership

New

Genworth Financial, Inc., announced Wednesday that the company is strengthening the senior leadership team of its U.S. Mortgage Insurance (USMI) unit with the addition of two key executives. Paul Gomez was recently promoted to COO of USMI, and George Reichert was named chief information officer (CIO).

Read More »

Unemployment Rate Dips as August Payrolls Increase 169K

Unemployment

The nation's economy added 169,000 jobs in August as the unemployment rate fell to 7.3 percent, the lowest level since December 2008, the Bureau of Labor Statistics (BLS) reported Friday. Economists had forecast payrolls would grow by 180,000 and that the unemployment rate would remain at July's 7.4 percent.

Read More »

Report: Market Health Looks Different for Investors, Builders

While price gains may paint a picture of a recovery well on its way, construction figures aren't as encouraging, according to an analysis from Trulia. While prices are up 11 percent year-over-year in August, according to Trulia, which monitors list prices, construction activity is lagging. Additionally, when it comes to price gains and increases in construction, markets tend to be experiencing one or the other, with markets reporting price growth seeing meager construction.

Read More »

Industry Veterans Launch New Homeowner Alliance

Billing itself as the first group of its kind, America's Homeowner Alliance was launched by a team of industry veterans and an advisory board of housing industry professionals as well as prominent consumer groups and fair housing organizations.

Read More »

July Construction Spending Picks Up

Residential construction spending edged up in July, according to numbers from the Census Bureau. Overall, construction spending was at a seasonally adjusted annual pace of $900.8 billion in July, 0.6 percent above June's revised estimate of $895.7 billion and 5.2 percent ahead of July 2012's $856.3 billion. Spending on residential construction was at a pace of $340.6 billion, up 0.5 percent from June and 16.8 percent from July 2012.

Read More »