Lenders point to cost-cutting as their top business priority amid the mortgage industry facing a number of challenges – including high home prices, tight inventory of homes available for sale and interest rate hikes. About […]
Mortgage rates dropped to 6.78% this week, the biggest weekly decline since mid-March, as investors digested a raft of mixed incoming economic data. Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming […]
The Community Home Lenders of America (CHLA) has compiled a new document it is calling the “consumer mortgage bill of rights,” based on a series of different actions and proposals it has made to companies […]
The Mortgage Bankers Association (MBA) this week submitted a letter to the Financial Stability Oversight Council (FSOC) in the U.S. Department of the Treasury urging several additional considerations in its plans to classify more non-bank […]
Rumors this week that regulators would increase residential mortgage capital requirements for larger depositary banks, far exceeding international standards under the Basel III rules, have raised alarms for industry executives, analysts and trade groups. The […]
Real estate teams of all sizes continue to perform, according the Streamlined Quarterly Team Benchmarking Report, which looked at the financial performance of more than 200 teams across the nation. Steamlined, based in Arizona, has […]
Months of high mortgage rates and low existing inventory led to another annual increase in new home purchases in June. Mortgage applications for new home purchases jumped 26.1% in June from the same period last […]
Almost everyone has said it or heard it: Existing Home Sales are in the toilet because there’s no inventory and there’s no inventory because no one wants to give up their 3% mortgage when rates […]
The savagely unhealthy housing market continues as existing home sales are near record lows, and the days on the market are still at a teenager level, with home prices rising in 2023. Ladies and gentlemen, […]
Single-family housing starts drop 7.0% in June Single-family building permits increase 2.2% Multi-family starts fall 11.6%; permits drop 5.6% WASHINGTON, July 19 (Reuters) – U.S. single-family homebuilding fell in June, but permits for future construction […]
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