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inflation
Housing Wire

Originations forecast through 2026 ‘dampened’ by inflation, GDP and labor market growth

June 13, 2024 Mariel Alumit Comments Off on Originations forecast through 2026 ‘dampened’ by inflation, GDP and labor market growth

​ Persistent economic trends that include inflation, a strong labor market and real gross domestic product (GDP) growth will continue to “dampen” mortgage origination activity through at least the end of 2026, according to the […]

Title industry
Housing Wire

Title industry: We contributed $30 billion to GDP in 2022

March 6, 2024 Mariel Alumit Comments Off on Title industry: We contributed $30 billion to GDP in 2022

​ The title insurance and settlement services industry directly generated $30 billion of U.S. gross domestic product (GDP) in 2022, according to a report commissioned by the American Land Title Association that was published on […]

Fed
Economy

Fed Meeting Could Signal End of Rate Hikes as Housing, GDP and Inflation Data Highlight the Economic News

July 24, 2023 Mark Paul Cervantes Comments Off on Fed Meeting Could Signal End of Rate Hikes as Housing, GDP and Inflation Data Highlight the Economic News

For the past year or so, that has meant a guessing game over how much the Fed would raise interest rates. Now, the question is not if the central bank will raise rates – an […]

economy
Economy

Housing, GDP, Inflation, Debt Ceiling Mark a Week Also Full of Political Maneuverings

April 24, 2023 Mark Paul Cervantes Comments Off on Housing, GDP, Inflation, Debt Ceiling Mark a Week Also Full of Political Maneuverings

There’s a little bit of everything for economy watchers this week as data comes in on the housing market, first-quarter gross domestic product, inflation and consumer sentiment. It’s also a week that could be influenced […]

Goldman Sachs
Economy

Goldman Sachs cuts GDP forecast because of stress on small banks, which are key to U.S. economy

March 16, 2023 Mark Paul Cervantes Comments Off on Goldman Sachs cuts GDP forecast because of stress on small banks, which are key to U.S. economy

Goldman Sachs on Wednesday lowered its 2023 economic growth forecast, citing a pullback in lending from small- and medium-sized banks amid turmoil in the broader financial system. The firm lowered its growth forecast by 0.3 […]

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U.S. Market

Rocket
Housing Wire

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

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