Mortgage rates have been on an upward trend for more than two months, and would-be homebuyers are increasingly hitting the brakes on their home purchase plans. The Mortgage Bankers Association (MBA) survey shows that the […]
Source: Review Journal — Las Vegas’ housing market isn’t being kind to many people these days. Following last year’s buying binge, house hunters have faced a sharp jump in borrowing costs and big price […]
Source: Daily Interlake — It’s no secret that real estate in the Flathead Valley has been booming for the past several years, but a change in the market may be ahead. Many factors, including […]
California-based Pennymac Financial Services delivered an increased profit in the third quarter of 2022, mainly due to the performance of its servicing portfolio. However, the company has been looking at the challenges ahead and has started to […]
Homebuyer affordability, the silver lining in a cooled down housing market, took a huge hit in September as surging mortgage rates led monthly payments to rise. The national median payment applicants applied for increased by […]
Mortgage rates have surged firmly above the 7% mark, making alternatives such as temporary rate buydowns and down payment assistance programs more popular, according to loan officers. Borrowers are now seeking options to reduce their […]
While mortgage rates surged in the summer, the serious mortgage delinquency rates returned to pre-pandemic levels in August. Inflation, however, could be a big hit to delinquency rates, and may increase the overall delinquencies in […]
LoanLogics on Thursday announced changes to its executive leadership positions, with Dave Parker stepping in as new CEO upon the departure of CEO Bill Neville. Neville said he is leaving LoanLogics, a data-driven mortgage audit, […]
Independent mortgage brokers are beginning to have the products and tech tools needed to compete with banks and large retail lenders, and customers are reaping the benefits of this growing channel. HousingWire recently spoke with […]
Everyone knows that the current market is a challenging environment for housing professionals, as high rates mean fewer originations and even less refi business. But according to Shant Banosian, Guaranteed Rate’s top-ranked loan officer, now […]
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