According to the April 2022 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group, expectations of aggressive monetary policy tightening through 2023 by the Federal Reserve ...
Read More »Flagstar Names Jim Linnane President of Distributed Retail Mortgage
Flagstar Bank has named Jim Linnane President of Flagstar's Distributed Retail Mortgage division. In this role, he will be responsible for strategy, profitability, sales, growth, recruitment, and operations ...
Read More »Optimal Blue Launches Investor Pricing Insight
Optimal Blue, a division of Black Knight, Inc. announced the release of Investor Pricing Insight, a benchmarking tool that makes real-time pricing available to wholesale and correspondent mortgage ...
Read More »Comparing Pre-Pandemic Levels to Current Market Conditions
First American Financial Corporation released First American’s proprietary Potential Home Sales Model (PHSM) for March 2022, showing that potential existing-home sales decreased to a 5.97 million seasonally adjusted ...
Read More »Sellers Lowering Listing Prices to Sway Buyers
According to a new report from Redfin, approximately 51% of U.S. homeowners with mortgages have a mortgage rate under 4% — substantially lower than today’s level of 5%. ...
Read More »Median Sale Prices Rise Nearly 5% Over One Month
According to the RE/MAX National Housing Report for March 2022, March home sales jumped 32.2% over February, posting a report record median sales price of $360,000. As buyers ...
Read More »Markets Show Signs of Early Cooldown
According to a new report from Redfin, it was the hottest March ever recorded for the housing market, with homes selling at their fastest pace and for more ...
Read More »Rents Grow Nearly 20% Since Pre-Pandemic Levels
According to the latest Monthly Rental Report from Realtor.com, rental prices grew nationwide by nearly 20% from March 2020 to 2022 during the pandemic. Two-year rental trends indicate ...
Read More »MISMO Unveils New Tool to Ease Digital Mortgage Closings
MISMO announced the availability of the MISMO e-Eligibility Exchange, Powered by Snapdocs, created to further accelerate industry-wide adoption of digital closings. Developed in partnership with Snapdocs, the e-Eligibility ...
Read More »Housing Costs Spark Record Share of Buyers Looking to Relocate
According to a new report from Redfin, a record 32.3% of its users nationwide looked to move to a different metro area in Q1 — up from 31.5% ...
Read More »