Freddie Mac says that the negative forecasts for the U.S. homeownership rate may be overly pessimistic—and there is a growing group of potential homebuyers that lenders should not overlook.
Read More »Mortgage Production Drives BOA’s Q3 Profits
Bank of America managed to escape the fate that befell several other banks in the third quarter.
Read More »First-Time Buyers are in the Driver’s Seat
Mortgage bankers are optimistic about first-time buyers driving growth for 2017 despite some uncertainty in the market, according to a survey.
Read More »The Week Ahead: Waiting for Housing Starts to Re-Start
In the last new residential construction report, housing starts took a step back after several months of gains. This week, the industry will find out if new construction picked up in the face of a lengthy inventory shortage of existing homes for sale.
Read More »Lower Migration . . .What About Origination?
Data shows that in the past quarter century, Americans are moving less. What factors are behind the decline, and how is it affecting mortgage originations?
Read More »Banks’ Profits Fly South for the Winter
What was behind the year-over-year declines in profits that JPMorgan Chase, Citigroup, and PNC Financial Group all experienced in Q3?
Read More »For Now, Wells Fargo’s Earnings are Solid
It has been a tumultuous week for Wells Fargo that included a leadership change at the top. It remains to be seen how these changes will affect Q4 profits, but as for Q3, the bank turned in a solid report.
Read More »This Demographic is Loving the American Dream
The overall decline of the U.S. homeownership rate has been well-documented. But the rate hasn't been declining for all groups.
Read More »Q&A With Fifth Third’s Ed Robinson, Head of Mortgage
Head of Fifth Third Mortgage Edward L. Robinson recently spoke with MReport about his new role with Fifth Third and the current state of the originations market. This feature originally appeared in the October 2016 issue of MReport magazine.
Read More »Prepare for Takeoff: Mortgage Rates Set to Climb
Mortgage rates hovered record lows for most of the summer. But one analyst said that is likely about to change.
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