Lending and Originations

“The worsening housing affordability crisis has an outsized impact on Gen Zers and millennials because they’re much less likely to own a home than older generations,” said Redfin Chief Economist Daryl Fairweather.

The third installment of 2023 of WFG’s “Quarterly Economic Outlook,” featuring WFG Chairman and Founder Patrick Stone along with Dr. Bill Conerly, will review Q3 and look ahead to what’s expected in the housing space for the remainder of 2023.

Through issuance of updates to its Housing Counseling Program Handbook, HUD will provide participants with the latest guidance to assist consumers with their housing needs, including enhanced guidance on HECMs.

“Mortgage rates once again breached the 7% mark in August, hitting a 22-year high and doing no favors for consumer sentiment,” said Doug Duncan, Fannie Mae SVP and Chief Economist.

“The housing market appears to be stuck heading into autumn, with sales activity likely to stay stagnant until housing inventory increases, and mortgage rates decline to more affordable levels,” said MBA President and CEO Bob Broeksmit. Click through to read more on this week's mortgage rates.

"The average principal and interest payment among borrowers purchasing a home using a 30-year fixed-rate loan hit its highest point ever in July at $2,306, and that's before taxes and insurance are factored in." said Black Knight VP of Enterprise Research Andy Walden.

Thirty-year industry veteran joins enterprise loan quality and audit services provider to help drive QC Ally’s core pillars of partnership, excellence, and quality.

Despite a slight dip in mortgage rates, the MBA reports that mortgage application volume has fallen to lows last reported in December 1996, as rates and housing inventory continue to serve as major barriers to entry into the housing market.

Former EVP and COO of the consumer bank at Citizens Financial Group brings 30-plus years of experience to her new role overseeing the conversions of both Flagstar and Signature Bank under the NYCB umbrella.

"While all generations juggle trade-offs like budget, floor plans and commute times, younger home shoppers are more likely to face another consideration: They want to know if their home will be safe from rising waters, extreme temperatures and wildfires," said Zillow Senior Population Scientist Manny Garcia.