Wed, Mar 16 2022, 1:55 PM
Residential construction and its logical impact on builder confidence has been one of the biggest pleasant surprises of an otherwise very unpleasant c...
Wed, Mar 16 2022, 1:00 PM
The Mortgage Bankers Association (MBA) released its latest mortgage application numbers this morning and the modest movement belies the drama unfoldin...
Tue, Mar 15 2022, 4:18 PM
Imagine paying $1500/month for rent in 2021 and getting a renewal letter for $2079. That's the reality for those living in the metropolitan area wher...
Thu, Mar 10 2022, 2:30 PM
Mortgage lenders are pragmatic about their business prospects over the next quarter, expecting mortgage rates to continue to increase and refinance ac...
Wed, Mar 9 2022, 9:34 AM
The news release for weekly mortgage applications may have come out today, but as with any economic report, it refers to things that happened in the p...
Mon, Mar 7 2022, 12:32 PM
All too often, when it comes to consumer surveys about the future, the results tend to reflect what has already happened as opposed to what will conti...
Wed, Mar 2 2022, 1:24 PM
Mortgage applications have been making logical moves recently with higher rates causing a sharp deceleration in refinance activity. Purchases are off...
Tue, Mar 1 2022, 1:46 PM
CoreLogic released its Home Price Index for January today, showing year-over-year price appreciation of 19.1% nationally. That's the highest rate of ...
Fri, Feb 25 2022, 12:39 PM
The National Association of Realtors released January's Pending Home Sales report this morning, which measures signed purchase contracts as opposed to...
Fri, Feb 25 2022, 12:11 PM
Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 11.2 percent in January compared to a 13.1 perce...
Thu, Feb 24 2022, 1:46 PM
In today's release from the Census Bureau, New Home Sales fell 4.5% in January to an annual pace of 801k units. Economists were already expecting a d...
Wed, Feb 23 2022, 3:02 PM
Fannie Mae’s economists have again stepped up their expectations for the Fed’s response to escalating inflation. A 7.5 percent annual increase in the ...
Wed, Feb 23 2022, 9:25 AM
The Mortgage Bankers Association released its weekly mortgage application data this morning. Here's the skinny: Refi Applications
-16% from last...
Tue, Feb 22 2022, 4:42 PM
The Mortgage Bankers Association released its monthly update on the share of mortgages in forbearance. Forbearances spiked as the pandemic began, but...
Tue, Feb 22 2022, 11:17 AM
Home price appreciation peaked in July with the FHFA House Price Index up 19.3% year-over year and the S&P CoreLogic Case-Shiller 20-City Index up 20....
Fri, Feb 18 2022, 11:21 AM
The Mortgage Bankers Association (MBA) is projecting a decline in new home sales for January. Based on data collected from its Builder Application Sur...
Fri, Feb 18 2022, 11:09 AM
While last year was an excellent one for existing home sales, they did peter out at the end, falling 4.6 percent in December. The January numbers, rel...
Thu, Feb 17 2022, 9:52 AM
Residential construction numbers for January were mixed . Permits were up slightly from December but starts fell back from December’s near 12-point ...
Wed, Feb 16 2022, 1:08 PM
Both Fannie Mae and Freddie Mac (the GSEs) reported substantial increases in their financial results for 2021 when compared to 2020 and a greatly im...
Wed, Feb 16 2022, 10:47 AM
There was another bit of erosion in builder confidence in February. The National Association of Home Builders (NAHB) said the NAHB/Wells Fargo Housing...
Wed, Feb 16 2022, 8:41 AM
The volume of mortgage applications declined for the second week as interest rates for some products crossed the 4.0 percent line. The Mortgage Banker...
Tue, Feb 15 2022, 2:54 PM
Even as the economy is improving, access to mortgage credit fell in January as investors cut back their demand for some products. The Mortgage Bankers...
Tue, Feb 15 2022, 10:02 AM
Another tool will soon be available to lenders working with Freddie Mac that is expected to speed up loan processing and reduce the paperwork involv...
Mon, Feb 14 2022, 12:27 PM
According to the National Association of Homebuilders (NAHB), 87.5 million households, 69 percent of the nation’s total, cannot afford to buy a new m...
Fri, Feb 11 2022, 11:01 AM
The sources that gather such data have all reported a steady decline in mortgage delinquencies since last summer and are all stages are now close to t...
Thu, Feb 10 2022, 1:53 PM
For the second time this week a major report on loan performance has confirmed that homeowners are recovering rapidly from the pandemic. The Nationa...
Thu, Feb 10 2022, 12:39 PM
While recent reports from Black Knight and CoreLogic show price increases continuing at record levels, the National Association of Realtors® (NAR) rep...
Wed, Feb 9 2022, 1:40 PM
CoreLogic is tying the current mortgage delinquency rate, which is back to pre-pandemic levels , to growth in the nation’s income. The company says t...
Wed, Feb 9 2022, 8:35 AM
Mortgage application volume surged 12 percent two weeks ago but gave back a large chunk of that gain during the week ended February 4. last week. ...
Tue, Feb 8 2022, 11:29 AM
How low can it go? Well, lower than ever apparently when it comes to consumers who think it's a good time to a home. The total fell 1 point to a rec...
Mon, Feb 7 2022, 1:29 PM
Black Knight did not publish a Mortgage Monitor in January, so the new issue looks at the mortgage market at the end of 2021 into the early days of 20...
Thu, Feb 3 2022, 11:37 AM
The U.S. Census Bureau says the nation’s homeownership rate was essentially unchanged through 2021. While it dipped 0.3 percentage point from the fo...
Wed, Feb 2 2022, 2:20 PM
Construction spending totaled $1.599 trillion in 2021, an increase of 8.2 percent from the $1.470 trillion spent in 2020. Residential spending, both...
Wed, Feb 2 2022, 9:23 AM
Mortgage volume during the week ended January 28 recovered from a 7 percent decline the previous week to post the largest non-holiday related gain sin...
Tue, Feb 1 2022, 11:49 AM
Home prices averaged year-over-year gains of 15 percent over the 12 months of 2021 compared to an average gain of 6.0 percent in 2020. CoreLogic’s H...
Tue, Feb 1 2022, 9:58 AM
The monthly Originations Insight Report from ICE Mortgage Technology typically shows only incremental changes in loan characteristics from month to ...
Mon, Jan 31 2022, 3:09 PM
ATTOM’s 2021 year-end report on the housing market found it was far from a typical year. The company noted a number of recent or all-time highs and lo...
Mon, Jan 31 2022, 11:28 AM
The Gross Domestic Product (GDP) grew 6.9 percent in the fourth quarter of 2021, bringing the year’s growth to an expected 5.5 percent, the fastest s...
Thu, Jan 27 2022, 11:13 AM
CoreLogic reports it saw the incidence of mortgage fraud soar 37 percent last year. The fraud risk had declined through most of 2019 and 2020 but is ...
Thu, Jan 27 2022, 11:05 AM
Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 13.1 percent in December compared to a 12.0 pe...
Thu, Jan 27 2022, 10:33 AM
Pending home sales fell for the second month in December and are finishing up the year well below their December 2020 level. The National Associatio...
Wed, Jan 26 2022, 11:32 AM
New home sales finished the year less spectacularly than they started it, but the 11.9 percent month-over-month increase was the best since last Mar...
Wed, Jan 26 2022, 8:33 AM
Even for a week containing a holiday, last week was a bad one. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of ...
Tue, Jan 25 2022, 11:02 AM
Annual increases in each of the three S&P CoreLogic Case-Shiller indices slowed fractionally from October to November. However, the rate of appreciati...
Mon, Jan 24 2022, 3:51 PM
The National Association of Home Builders (NAHB) says the effects of higher home prices and tight inventories appear to be weighing on home buying de...
Mon, Jan 24 2022, 12:45 PM
Freddie Mac’s first quarterly forecast for 2022 cites the need for improvement in the nation’s employment picture. Even though the December report fro...
Fri, Jan 21 2022, 2:18 PM
While new home sales have been performing well over the last few months, the Mortgage Bankers Association (MBA) expects a stumble in December. Its Bui...
Fri, Jan 21 2022, 2:14 PM
In its first look at December’s loan performance data, Black Knight notes that 2021 ended with the foreclosure inventory at an all-time low and the ...
Thu, Jan 20 2022, 2:23 PM
Fannie Mae’s Economic & Strategic Research (ESR) Group writes that it expects 2022 to be a year “of transition for both the economy and the housing ma...
Thu, Jan 20 2022, 11:36 AM
Existing home sales dropped in December, snapping a three-month streak of increases. The National Association of Realtors® (NAR) said the month’s sale...
