Mortgage
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Real estate
Mortgage interest rates fell last week. Can they go lower?
Mortgage spreads The unsung hero for housing construction in 2024 and 2025 will be better mortgage spreads, which is often…
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Real estate
Over the past year, mortgage applications for new-build homes have increased by 9%
Joel Kan, MBA vice president and deputy chief economist, emphasized that the increase in government borrowing is a key factor…
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Real estate
Reverse mortgage foreclosure protection could help LA borrowers
Potential application to Los Angeles The action applied to the Home Equity Reverse Mortgage Information Technology (HERMIT) system, originally launched…
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Real estate
Rising mortgage rates are affecting builders’ confidence
Current data on housing starts exceeded estimates; However, a closer look at the builder confidence report shows that the recent…
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Real estate
The conforming mortgage share hit a record low in December
At the end of 2024, mortgage borrowers shifted their attention from conforming mortgages to refinancing options. A report released on…
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Real estate
HUD settles with PHH over alleged mortgage payment charges that violate FHA rules
The U.S. Department of Housing and Urban Development (HUD) announced Monday that it has reached a settlement PHH Mortgage Corp.a…
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Real estate
Jobs week data keeps mortgage rates above 7%
By BLS: Total nonfarm employment rose by 256,000 in December, and the unemployment rate was little changed at 4.1 percent,…
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Real estate
Demand for housing is positive, but is at risk due to higher mortgage interest rates
Our weekly current contract data is still positive year over year, but only by 1%, as demand growth has slowed…
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Real estate
As the fires burn in LA, the reverse mortgage industry is emphasizing the need to connect with servicers and insurers
With more than 153,000 people currently under evacuation orders in the Los Angeles area due to multiple wildfires, an estimated…
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Real estate
The new CFPB report looks at reverse mortgage activity through 2023
The Consumer Financial Protection Bureau (CFPB) released its report in December Mortgage market activity and trends for 2023 report, providing…
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