The latest report by the U.S. Department of the Treasury states that, as of the end of March, 74 percent of the $25 billion in emergency rental assistance funds allocated under the Consolidated Appropriations Act, 2021 had […]
A report from the Mortgage Bankers’ Association (MBA) says that multifamily mortgages originations in Q1 were up sharply on a year-over-year basis. Tracking multifamily mortgage originations The first chart, below, shows the quarterly origination volume indices since […]
Hispanics and parents are doing the best. Nearly 80% of U.S. adults report that they’re either doing “OK” or “living comfortably,” according to a new survey by the Federal Reserve Board. It looked at the […]
It’s all due to the ongoing appeal of remote work The most popular market in the United States this year, says online real estate brokerage firm Zillow, is a suburb outside of Seattle, Woodinville, where […]
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 […]
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