Wed, Jul 7 2021, 4:14 PM
We recently summarized a report from the Urban Institute (UI) about the apparent reluctance of sellers to entertain offers from prospective buyers int...
Wed, Jul 7 2021, 8:08 AM
The week preceding the Independence Day holiday saw a further decline in mortgage applications for both home purchases and refinancing. The Mortgage B...
Tue, Jul 6 2021, 4:09 PM
CoreLogic report for May is yet another reporting home prices are still moving higher. May's year-over-year appreciation of 15.4 percent was the highe...
Tue, Jul 6 2021, 4:07 PM
The Urban Institute (UI) says it appears that the current sellers' market is having a negative impact on government backed loans and the borrowers who...
Tue, Jul 6 2021, 4:04 PM
The past week saw a moderate drop in the number of loans in forbearance, but Black Knight, in its report for the week ended June 29, said the upcoming...
Thu, Jul 1 2021, 11:27 AM
Construction spending fell off a bit in May, however residential construction remains the strongest sector , accounting for more than half the annuali...
Thu, Jul 1 2021, 11:25 AM
Pending home sales in April unnerved a lot of people. At what should have been a high point in the spring market, they fell 4.4 percent from the previ...
Wed, Jun 30 2021, 9:34 AM
Mortgage applications fell sharply last week, affecting both refinance and purchase components of the Mortgage Banker Association's (MBA's) Market Com...
Tue, Jun 29 2021, 1:17 PM
The government stakeholders involved in the various pandemic related forbearance programs appear to be directing their full attention to their upcomin...
Tue, Jun 29 2021, 1:14 PM
When the S&P CoreLogic Case-Shiller and Federal Housing Finance Agency's price reports for March were released we wrote that the superlatives were get...
Tue, Jun 29 2021, 10:57 AM
Ginnie Mae sent out a press release last week could create some confusion for those readers who only skimmed the lede. The opening paragraph states th...
Mon, Jun 28 2021, 11:38 AM
Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 8.6 percent in May compared to a 13.2 percent gain...
Mon, Jun 28 2021, 11:37 AM
The White House has announced another key appointee to a federal housing post. Julia Gordon has been named Assistant Secretary for Housing at the Depa...
Mon, Jun 28 2021, 11:36 AM
Black Knight reports that the number of loans in forbearance rose by 1,000 during the week ended June 22. The company says this was a continuation of ...
Thu, Jun 24 2021, 11:41 AM
The White House didn't waste any time after a Supreme Court ruling allowed it to do so, removing Mark Calabria as Director of the Federal Housing Fina...
Wed, Jun 23 2021, 2:51 PM
New home sales dropped for the second month in May, falling below an 800,000 unit pace for the first time in a year. The U.S. Census Bureau and the De...
Wed, Jun 23 2021, 2:49 PM
On Wednesday morning the Supreme Court ruled that the statutory restrictions on the president's ability to remove the chairman of the Federal Housing ...
Tue, Jun 22 2021, 1:03 PM
Existing home sales experienced their fourth consecutive decline in May . The National Association of Realtors® (NAR) said sales of previously owned s...
Tue, Jun 22 2021, 1:01 PM
Well, that turned on a dime. Lumber prices, which had risen more than exponentially during the pandemic and were a problem even before, have started d...
Mon, Jun 21 2021, 4:29 PM
In 2010 it was viewed as a quick way to make a buck, but Wall Street's investment in single-family rental housing soon became a distinct asset class a...
Thu, Jun 17 2021, 4:44 PM
Fannie Mae's economists have revised a lot of their forecast from last month as new data has come in. The outlook for the 2021 GDP has been revised mo...
Wed, Jun 16 2021, 10:22 AM
Housing starts recovered in May after falling more than 9 percent in April but permitting had another lackluster month. The U.S. Census Bureau and Dep...
Wed, Jun 16 2021, 8:13 AM
The latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) dropped 2 points in June. The Index, a measure of home ...
Wed, Jun 16 2021, 8:10 AM
A new report from the National Association of Realtors® (NAR) says that the demand for and sale of vacation homes soared during the pandemic. While th...
Wed, Jun 16 2021, 8:07 AM
Mortgage application activity bounced back from the Memorial Day holiday week with a seasonally adjusted increase of 4.2 percent in the Mortgage Banke...
Fri, Jun 11 2021, 8:42 AM
It is hardly a surprise given the rapid increase in home prices, but homeowners gained another $1.9 trillion in equity in the first quarter of this ye...
Fri, Jun 11 2021, 8:40 AM
Redfin says the second home market appears to be cooling although annual sales, measured by mortgage rate locks, were up nationwide by 48 percent in M...
Wed, Jun 9 2021, 8:20 AM
Mortgage application activity slowed further during the week ended June 4, a short business week due to Monday's Memorial Day holiday. The impact of t...
Tue, Jun 8 2021, 11:49 AM
The nation's mortgage delinquency rate is inching closer to its pre-pandemic level as early stage delinquencies improve. CoreLogic says that in March ...
Mon, Jun 7 2021, 12:57 PM
April price gains may have set a record for setting records and Black Knight, in its Mortgage Monitor for the month, runs them down. The annual rate o...
Mon, Jun 7 2021, 12:47 PM
While consumers' comfort with their financial situation appears to be improving, their pessimism about homebuying is also growing. Fannie Mae says whi...
Mon, Jun 7 2021, 12:43 PM
The share of refinances originated during a month dropped below 60 percent in April for the first time since September 2020. ICE Mortgage Technology, ...
Fri, Jun 4 2021, 8:45 AM
It wasn't a complete record setter, but mortgage bankers still established a few same quarter and other new highs as they kicked off the year with ano...
Thu, Jun 3 2021, 8:11 AM
The U.S. Census Bureau has released pieces of its 2020 report, Characteristics of New Housing. This is a massive annual compilation of data on what bu...
Wed, Jun 2 2021, 1:44 PM
While many workers plan, at least according to recent surveys, to continue spending at least part of each week working from home, a shorter commute st...
Tue, Jun 1 2021, 12:41 PM
Construction spending inched up in April, but the increase was tempered by a decline in publicly funded projects. The U.S. Census Bureau put the rate ...
Tue, Jun 1 2021, 11:12 AM
CoreLogic says that April saw further acceleration in the growth of housing prices. The company, which reported an 11.3 percent annual increase in hou...
Tue, May 25 2021, 11:46 AM
The superlatives are getting tired - historic, record setting - but they have to come into play again with the March home price gains. A spokesperson ...
Tue, May 25 2021, 11:28 AM
Sales of newly constructed homes gave back some of their March gains last month, declining 5.9 percent to a seasonally adjusted annual rate of 863,000...
Mon, May 24 2021, 12:47 PM
A recent policy brief from the Urban Institute (UI) suggests a radical but common-sense solution for achieving affordable housing - homeownership. UI ...
Fri, May 21 2021, 12:16 PM
Existing home sales posted their third monthly loss in April, falling 2.7 percent compared to sales in March. The National Association of Realtors® (N...
Fri, May 21 2021, 10:28 AM
American homeowners, even some of those most affected by the pandemic, seems to be edging back from anything resembling the foreclosure avalanche of 2...
Thu, May 20 2021, 4:38 PM
Fannie Mae upwardly revised its GDP forecast for the year from 6.8 percent to 7.0 percent in its May report on economic development. The company's eco...
Wed, May 19 2021, 8:45 AM
Mortgage originations are still finding much of their strength in the refinance sector even during those weeks when rates increase. The Mortgage Banke...
Tue, May 18 2021, 10:50 AM
Housing starts fell back from the annual rate of 1,733,000 units reported for March. Residential starts in April were down 9.5 percent to a seasonally...
Mon, May 17 2021, 11:05 AM
The National Association of Home Builders (NAHB) said new home builders are not losing faith in the market for new homes despite their growing concern...
Thu, May 13 2021, 4:40 PM
That applications for mortgages to purchase newly constructed homes rose 30.8 percent in April compared to a year ago is not a particularly useful pie...
Wed, May 12 2021, 10:35 AM
Mortgage application volume rose for the first time since mid-April last week. The Mortgage Bankers Association (MBA) said its Market Composite Index,...
Wed, May 12 2021, 8:07 AM
Metro area home prices rose sharply in the first quarter of 2021 and virtually every part of the country was impacted. The National Association of Rea...
Wed, May 12 2021, 8:05 AM
Access to mortgage financing improved in April, driven by a large gain in the availability of both conforming and jumbo mortgages. The Mortgage Banker...
