Tag Archives: mortgage

Two new studies from the National Association of Realtors show that elevated home prices and limited housing supply are continuous homebuying barriers cited across different races and ethnicities, hampering home sales and affecting prospective buyers nationwide.

Redfin's latest housing market update showed that the total share of homes on the market is down nearly 18% year-over-year, representing the biggest decline since February 2022. A significant lack of homes for sale caused home prices to rise nearly 5% annually, as mortgage-purchase applications remain at their lowest level in nearly three decades.

“Mortgage credit availability declined to its lowest level since 2013, as lenders pulled back on underutilized loan programs and as liquidity concerns remain for some jumbo lenders,” said Joel Kan, MBA’s VP and Deputy Chief Economist. "Declining origination volumes have led to lower profitability for many lenders, resulting in narrower loan product offerings to reduce operational costs.

As homebuyers' perception of the economy and affordability continue to worsen, nearly 40% of Americans planning to buy their first home in 2023 revealed now is a good time to buy, as many continue to search for homes and save for downpayments.

Seasoned financial services executive Aaron Drago has been named Chief Operating Officer for Deephaven Mortgage, responsible for the continuous optimization and performance of Deephaven’s daily operations.

Affordability continued to hamper first-time buyers looking to purchase a home during Q3. A new report revealed single-family existing-home sales prices grew in nearly every metro analyzed, with the national median home price climbing nearly 9% from 2021.

Planet Home Lending, LLC, (Planet) has hired Steve Landes as EVP of Corporate Initiatives, Brandy Walton, SVP Business Initiatives, and Michael Bender, Eastern Divisional Correspondent Sales Manager. The ...

Planet Home Lending, LLC, has announced the launch of its new team in Portland, Oregon, led by Area Sales Manager Tim Hattan, Sales Manager Tom Bond, and Loan ...

According to a new report from Redfin, the median monthly asking rent in the U.S. increased 15% year-over-year to a record high of $1,962 in April—slightly below March’s ...

The latest issuance of the 2022 Sustainable Communities Innovation Challenge in efforts to further advance racial equity in housing, will implement and remove barriers currently preventing many households from purchasing or renting a home.