Mortgage application activity was on the rise last week, according to new data from the Mortgage Bankers Association (MBA). The MBA’s Market Composite Index, a measure of mortgage loan application volume, was up 5.3% on a seasonally adjusted basis from one week...
United Wholesale Mortgage (UWM) has debuted Conventional 1% Down, a product designed to enable homebuyers to purchase a home with a down payment of only 1% contributed by the borrower. According to the Pontiac, Michigan-based company, when a borrower puts 1% down with...
Planet Home Lending, a national mortgage lender and servicer, has introduced 1st Year Flex as a loan option for people who want to pursue homeownership with a lower monthly payment for one year. According to the Meriden, Connecticut-based company, 1st Year Flex is a...
One of the most influential commentators on housing policy is Dr. Anthony B. Sanders, chief economist at Artesia Economics. Sanders was previously a distinguished professor of real estate finance at George Mason University is a former head of asset-backed and...
More than half of U.S. millennials are now homeowners, having transitioned the demographic from a renter-majority to owners-majority status in 2022. According to new data published by RentCafe, 52% of U.S. millennials were homeowners as of last year. This demographic...
Mortgage credit availability inched up last month, according to the latest Mortgage Credit Availability Index (MCAI) report published by the Mortgage Bankers Association (MBA), although the level of available is still close to a 10-year low. The MCAI was up by 0.4% to...
Hits and Misses for the Real Estate Week of June 15-19
