December Figures Show Mortgage Application Payments Dropped 2.9 Percent
Homebuyer affordability improved in December, with the national median payment applied for by purchase applicants decreasing 2.9% to $1,920 from $1,977 in November. This...
Redfin Observes Housing Market Recovery Across the U.S.
The housing market has begun to recover after hitting a low point in the second week of November, according to Redfin. The number of...
CoreLogic Officially Names Selma Hepp as Chief Economist
CoreLogic has named Selma Hepp as chief economist. She was named interim chief economist in July 2022. Prior to her interim role, Hepp served...
Black Knight Data Show Mortgage Delinquencies Decreased 8 Percent by End of 2022
Black Knight Inc. says the total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure) was 3.08% at...
Waterstone Mortgage Announces Three Promotions
Sarah Carpenter has been promoted to director of marketing at Waterstone Mortgage, while Olga Rosales has been promoted to director of business insights and...
MCT Now Integrated with Freddie Mac Income Limits API
Mortgage Capital Trading’s (MCT) secondary marketing platform is now integrated with Freddie Mac’s Income Limits application programming interface (API), created for the first-time home...
Shannon Johnson: Mortgage Lenders Faced with Crowded Technology Marketplace
PERSON OF THE WEEK: Where is mortgage lending headed in 2023? With most economists forecasting low home sales due to higher rates, low inventory,...
Sales of Existing Homes Dropped Over 1 Percent in December 2022
Existing-home sales retreated for the eleventh consecutive month in December, according to the National Association of Realtors. Three of the four major U.S. regions...
Home Sale Prices Increase Incrementally with Lower Mortgage Rates, Redfin Reports
The median U.S. home-sale price increased 0.9% from a year ago to $350,250 during the four weeks ending January 15, the biggest increase in...
Fannie Mae Expects Continued Decline in Housing Activity with Modest Recession
Despite ending the year on a stronger-than-anticipated footing, the economy is still expected to slip into a modest recession beginning in the first half...
Housing Starts Continued to Fall in December
Housing starts further slowed in December, falling 1.4% compared with November, according to estimates from the U.S. Census Bureau and U.S. Department of Housing...
MBA Reports 25 Percent Drop in New Home Mortgage Applications
The Mortgage Bankers Association's (MBA) Builder Application Survey (BAS) data for December 2022 shows mortgage applications for new home purchases decreased 25.2% compared to...
MBA Sees 27.9 Percent Jump in Mortgage Application Activity in One Week
Mortgage applications increased 27.9% from one week ago, according to Market Composite Index data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey...
Waterstone Mortgage Promotes Rico Garcia to VP, Enterprise Risk
Rico Garcia has been promoted to vice president, enterprise risk, at Waterstone Mortgage, a wholly-owned subsidiary of WaterStone Bank SSB, which, in turn, is...
Joe Ludlow: Cost Savings Considerations for Lenders in 2023
PERSON OF THE WEEK: Loan volumes decreased from $4.5 trillion in 2021 to $2.5 trillion in 2022, leaving lenders with too much excess operational...
Annual Home Price Growth Declined in Past Year, Down 9.2 Percent in Q4
Single-family home prices increased at a non-seasonally adjusted annual rate of 9.2% in Q4 2022, compared to Q4 2021, down from the previous quarter's...
Fannie Mae: Low Mortgage Rates Were the Primary Driver of Home Sales During the...
Was the boom in home sales that came during the pandemic due to homebuyers having greater financial wherewithal - or was it driven more...
Fannie Mae Prices First CAS REMIC Series of 2023
Fannie Mae has priced Connecticut Avenue Securities (CAS) Series 2023-R01, an approximately $731 million note offering that represents Fannie Mae's first CAS REMIC transaction...
The ‘Chi’ of Mortgage Lending
BLOG VIEW: What factors really drive the lending market?
As shown in the graphic below, the main ones are the MBS market, the real estate...
Housing Market Experiences Uptick in Refinance Activity, MBA Observes
Mortgage applications increased 1.2% on a seasonally adjusted basis from one week ago, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage...