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Tag Archives: homeowners

Wells Fargo Names New Head of Mortgage Production

Wells Fargo has named Michael DeVito head of mortgage production, effective October 1, 2015. Devito will succeed Franklin Codel, whom will now serve as head of mortgage lending at Wells Fargo Home Lending, the company said last month.

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Pending Home Sales at Highest Level Since 2006

The National Association of Realtors (NAR) recently reported in their Pending Home Sales Index (PHSI) that, pending home sales increased in April for the fourth consecutive month and reached their highest peak in nine years. All four major regions saw growth in April, led by the Northeast and Midwest.

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Freddie Mac Finds Rising Rents are Not Pushing Homeownership

New Freddie Mac research reveals that despite rising rents, the majority of renters are not motivated to purchase a home and positive perceptions about renting are increasing. Harris Poll was selected by Freddie Mac to conduct the survey of more than 2,000 U.S. adults online in March 2015 to get their renting viewpoints.

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Confidence Gap Between Renters and Owners Continues to Shrink

Renter confidence rose 4.4 points from last year to 62.4, with roughly 5.2 million renters saying they expect to buy a home this year. That’s an increase of 1 million from last year, when 4.2 million renters said they expect to buy a home. Homeowner confidence rose 3.3 points from last year to 70.6.

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