IMBs reported a net gain of $223 per originated loan in 1Q 2022, down from $1,099 per loan in the previous quarter. KEY TAKEAWAYS Average pre-tax production profit was 5 basis points (bps) in the […]
Redfin reports soaring mortgage rates cause sales drop. The housing market saw a 8% year-over-year decline in home sales, the biggest drop since June 2020, which allowed white-hot home-price growth to cool slightly, reports online […]
Gross rental yields dropped in 72% of the counties surveyed. Landlords purchasing three-bedroom, single-family homes this year are seeing a decline in their gross rental returns before expenses, a new report says Friday. ATTOM, which […]
In Today’s constantly changing mortgage market with fluctuating rates, margin compression, and declining origination volumes, originators are looking for ways to drive new volume. Cash-out refinancing and Home Equity Line of Credit are predicted to […]
Realtor.com reported Thursday that the median rent price hit $1,827 in April. The relentless rise in the cost of rent continued in April with the 14th consecutive month of record setting prices. Realtor.com reported Thursday […]
ARM loans might be a saving grace to borrowers who recently purchased a home, but it comes with risks. KEY TAKEAWAYS ARM loans have been rising in popularity, according to Redfin, as mortgage rates surge […]
Certificates are supported by 909 loans originated by A&D Mortgage with a balance of approximately $392.11 million. Fitch Ratings has assigned expected ratings to Imperial Fund Mortgage Trust 2022-NQM4 (IMPRL 2022-NQM4). IMPRL 2022-NQM4 consists of […]
NBER working paper estimates that every percentage-point increase in remote work causes a 0.93% increase in house prices. KEY TAKEAWAYS The report notes that housing prices nationwide rose 23.8% from December 2019 to November 2021, […]
According to the survey, prospective buyers cited the economy, inflation and a continued rise in housing prices as the reasons that they changed their minds. A triple threat of economic conditions knocked 30% of potential […]
Despite rising home prices, demand for housing units outstrips supply. KEY TAKEAWAYS By the end of the fourth quarter in 2021, the figure stood at $423,600 but it rose by 1.44% in the first quarter […]
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