Origination

“Affordability declined month-over-month in all of the 50 markets we track, but some markets saw a much sharper decline than others,” said First American Chief Economist Mark Fleming.

Former loanDepot SVP of Production for the Western Division is promoted to new role as Chief Marketing Officer, bringing nearly two decades of sales and production experience to the role.

As mortgage rates creep toward the 7% mark, the MBA reports a third straight week of waning interest in mortgage apps, with a lack of inventory playing a role in purchase app drop-off.

“Although buyers, sellers, and builders are all more optimistic about the housing market, asking home price growth is easing and the typical home sales price is slipping. These point to the nudge that buyers need to act on their improving outlook,” said Realtor.com Chief Economist Danielle Hale.

A panel of experts will discuss the reach of Section 1071 of the Dodd-Frank Act, a measure that requires financial institutions to collect and report data on small business loans, in the next chapter of the Five Star Institute Webinar Series.

A Harvard University study reveals the nation’s homes are older today than at any time ever recorded, and remain in dire need of critical maintenance.

A new report finds that labor issues continue to be a concern in the industry, with a decreased skilled labor pool magnified by an increase in the number and size of certain projects.

Data culled from the 2020 Census Demographic Profile and Demographic and Housing Characteristics File has found that West Virginia and Maine reported the highest homeownership rates in 2020, while the District of Columbia reported the lowest homeownership rate nationwide.

Freddie Mac reports a week-over-week rise of 18-basis points in mortgage rates, further contributing to a sluggish and slow spring season for the national housing market.

“Though mortgage rates are substantially higher than they have been on average over the past decade, from an historic perspective rates are about average,” Freddie Mac said.