Freddie Mac announced Wednesday that August forecasts show mortgage origination will reach $2 trillion in 2019, driven mostly by the recent surge in refinancing due to historically low ...
Read More »Affordability Receives a Jolt
Consumers’ homebuyer power increased in June by 3.3% from the prior month and has risen 12.2% year-over-year, according to First American Financial Corporation’s Real House Price Index (RHPI). ...
Read More »Home-Sale Prices Recovering since 2000
CoreLogic reports that the number of homes selling at or above the list price in June fell to 39.2%—10% higher than the average since 2000. The report states ...
Read More »Hurricane Dorian Prompts State of Emergency
Updated 12:30 p.m. CDT on August 29 CBS News reports that Hurricane Dorian gained strength in the Atlantic Ocean Wednesday and could be a Category 4 storm when ...
Read More »Where are the Best Housing Markets in the Nation?
In a time where mortgage rates are dropping, refinance is rising, and affordable homes are few and far between, it can be difficult to find the right place ...
Read More »Home-Price Gains ‘Sluggish’ in June
Home-price growth slowed in June, as the S&P CoreLogic Case-Shiller Home Price Index reported that prices rose just annually 3.1% in June—a decline from 3.3% growth in May. ...
Read More »Lenders Discuss HUD, FHA’s New Condo Approval Policies
Reverse Mortgage Daily reported that lenders agree that the new condominium approval process announced by the Department of Housing and Urban Development (HUD) and the FHA will expand ...
Read More »Prospective Homebuyers Pulling Back
A poll by the National Association of Home Builders (NAHB) during Q2 2019 shows that just 12% of prospective homebuyers are planning to buy a home next year, ...
Read More »New York’s Struggling Housing Market
The New York State Association of Realtors revealed the median-sales price rose for 43rd consecutive month in July to nearly $300,000, as sales are struggling to keep up. ...
Read More »Reaching Underserved Borrowers
Editor’s note: This feature originally appeared in the August issue of MReport, out now. Non-Qualified Mortgages (non-QM) are still a small part of the overall mortgage origination market. ...
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