Source: Housing Wire — Mortgage servicing is a scale business, meaning the economics of scale can be achieved with larger servicing portfolio by spreading the fixed costs among more loans being serviced. Such scaling; however, hasn’t achieved the expected...
Source: NAHB — Housing affordability posted a modest gain for average conditions in the first quarter of 2022 as a strong jump in national median income helped to offset a gradual rise in interest rates. However, home builders warn of current deteriorating...
Source: Keeping Current Matters — According to a recent survey from the National Association of Realtors (NAR), one of the top challenges buyers face in today’s housing market is finding a home that meets their needs. That’s largely because the inventory of...
Source: Redfin — Demand for vacation homes is way down after last year’s pandemic-driven boom. Mortgage-rate locks for second homes were up 9.1% from pre-pandemic levels in April, essentially unchanged from a revised rate of 8.7% in March and down from 15% in...
Source: Mortgage News Daily — Mortgage rates have moved higher at the fastest pace in decades so far in 2022, but this week proved to be a refreshing exception. To understand why, we first need to examine the relationship between stocks and bonds, which is a...
Source: World Property Journal — According to a recently updated forecast released by the Mortgage Bankers Association, total U.S. commercial and multifamily mortgage borrowing and lending is expected to hold steady at a projected $895 billion of total lending...
Mississippi Real Estate Agent Identified as Angry Man Berating Young Father…
