Supply and demand challenges are expected to slow down existing-home sales to early summer levels at 5.44 million units, according to Auction.com’s Real Estate Nowcast.
Read More »Purchase Mortgage Loan Activity Spiked By High-Credit Borrowers
Purchase mortgage originations rose significantly in 2015, driven by high-credit borrowers, according to Black Knight Financial Services’ latest Mortgage Monitor Report.
Read More »The Two Faces of the American Dream
Segregation is virtually abolished with respect to almost every facet of the American dream, except for one. Whether unintentionally or intentional in nature, there is a great divide and disparity in the statistics between minority and white borrowers in the mortgage market. This select print feature appears in the October 2015 edition of MReport magazine, available now.
Read More »Housing Market Conditions Ideal for Fix-and-Flip Investors, Survey Finds
In a nationwide survey of real estate investors bidding on single-family residential properties offered for auction during the third quarter of 2015, online real estate marketplace Auction.com found that flipping is still the preferred strategy over hold-to-rent.
Read More »Housing Policy Adviser Addresses Market Conditions, GSE Reform, & Risk Sharing
Michael Stegman, President Obama’s top adviser on housing policy, recently addressed some of the mortgage industry's hot-button topics such as housing market recovery, homeownership support for struggling buyers, GSE reform, and risk sharing.
Read More »GDP Growth Slows in Q3, But Forecast to Have “Neutral Effect” on Housing
National gross-domestic product growth increased at an annual rate of 1.5 percent in the third quarter "advance" estimate released by the Bureau of Economic Analysis, down drastically from the last quarter when the GDP rose to a healthy 3.9 percent.
Read More »Advantage Seller: Housing Inventory at “Historical Lows”
As the housing market continues to improve, more buyers enter the market, and inventory levels decline, favor now rests in sellers' hands.
Read More »Pending Home Sales Driven Down By Low Inventory Levels
Pending home sales loss more momentum in September 2015 for the second consecutive month due to scarce housing inventory, the National Association of Realtors announced Thursday.
Read More »Banks’ Business Strategies Implicated By “Lower-for-Longer” Interest Rates
U.S. banks' can expect their long-term business strategies to continue to be affected by the "lower-for-longer" interest rate environment that Fed officials have placed the industry in.
Read More »Home Builders Remain Optimistic Despite Market Stumbles
New home sales declines and a weak jobs report in September may have some a bit skeptical about the future of the housing market, but despite September's stumbles, home builders maintain their market confidence.
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