Two new studies from the National Association of Realtors show that elevated home prices and limited housing supply are continuous homebuying barriers cited across different races and ethnicities, hampering home sales and affecting prospective buyers nationwide.
Read More »Surging Rates Fuel Increase in Adjustable-Rate Mortgage Activity
Among mortgage originations exceeding $1 million in April 2023, adjustable-rate mortgages comprised nearly 50% of the dollar volume, representing a six percentage-point increase from a year earlier.
Read More »How Many Mortgage Holders Missed Their October Payments?
It is no secret that renters are typically lower-income earners when compared to homeowners and are disproportionately affected by market fluctuations and outliers such as COVID-19. But now that most federal- and ...
Read More »SaviBank Debuts Mortgage Lending Division
SaviBank, a $388 million-asset bank headquartered in Burlington, Washington, has announced the formation of a mortgage lending division. “Lending policies and marketing strategies have been developed specifically for ...
Read More »A Move Away From Entry-Level Homes?
A new survey examines mortgage applications trends, the strength of the purchase market, and how homebuyer demand may be shifting (and why).
Read More »Purchase Rates Rise as Interest Rates Continue Declines
Analysis of the report says millennials are taking advantage or near-record low rates and lenders are quickly adapting to a digital world.
Read More »FHA Reverses Current Policy on Mortgages in Forbearance
The new mortgagee letter recognizes borrowers impacted by COVID-19 that met all requirements set forth by the Administration before the pandemic.
Read More »COVID-19 Update: HUD Suspends Face-to-Face Requirements
The Hon. Brian D. Montgomery, Assistant Secretary for Housing - Federal Housing Commissioner stated that the previous policy was "not practical given the public health recommendations.” HUD also provided further updates on how the Department is addressing the virus.
Read More »Studying the Availability of Mortgage Credit
With both mortgage applications and rates falling recently, did the access to credit follow the same trend?
Read More »Measuring Increases in Mortgage Debt
How much has mortgage debt increased and shifted through the years? A new report looks at what led to record-high mortgage debt.
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