Top Headlines
Multifamily Lending Down 49% in 2023
During 2023, 51% of the active lenders made five or fewer multifamily loans. Continue Reading Multifamily Lending Down 49% in 2023
The St. Joe Company Signs Two New Homebuilder Partnerships
St. Joe’s builder program now includes 19 builders. Continue Reading The St. Joe Company Signs Two New Homebuilder Partnerships
Home Management Solutions Fixle Acquires EasyHome
The terms of the deal were an all-equity transaction. Continue Reading Home Management Solutions Fixle Acquires EasyHome
Frontdoor Acquires 2-10 Home Buyers Warranty for $585 Million
Approximately one in five new homes built in the U.S. are covered by a 2-10 new home structural warranty. Continue Reading Frontdoor Acquires 2-10 Home Buyers Warranty for $585 Million
Steven Curtis Joins NRL Mortgage as Chief Production Officer
He was previously senior vice president at Security National Mortgage and Fairway Independent Mortgage. Continue Reading Steven Curtis Joins NRL Mortgage as Chief Production Officer
Here’s how much US home prices will plunge in current market bubble
Source: New York Post --- US home prices will likely have to decline by as much as 20% over the course of a multi-year correction before the housing sector can get back on track with historical trends, a research firm warned this week. The most recent correction...
Fannie Mae, Freddie Mac to back mortgages over $1M
Source: Fox Business --- The Federal Housing Finance Agency (FHFA) announced new conforming loan limits for 2023, meaning homebuyers will now be able to get larger mortgages backed by Fannie Mae and Freddie Mac. After the FHFA’s third quarter House Price Index...
A controversial fix for America’s housing market: more foreclosures
Source: Insider --- How many people should lose their homes to foreclosure? In an ideal world, of course, there would be no foreclosures at all. Everyone who buys a home would get one that fits their income and needs, and people would have enough money to make their...
US home buyers in high-cost areas could soon get $1m mortgages with just a 3 percent deposit after caps for federally-backed loans raised – most Americans in less expensive areas eligible for up to $726,000
Source: Daily Mail --- More Americans will be able to obtain a $1 million mortgage than ever before, thanks to action recently taken by government agencies. The Federal Housing Finance Agency announced this week that the cap for home loans backed by Fannie Mae and...
U.S. single-family home prices slow again in September
Source: CNBC --- U.S. single-family home prices slowed further in September as higher mortgage rates eroded demand, closely watched surveys showed on Tuesday. The S&P CoreLogic Case Shiller national home price index dropped 0.8% month-over-month in September....
U.S. to Back $1 Million Mortgages. Affordability Is Still an Issue.
Source: Barron's --- In another sign of the pandemic’s rapid home price appreciation, the government today said it will back mortgages up to about $1.1 million in high-cost areas. The 2023 value limit for most conforming mortgages for one-unit properties will be...
Federal government will back $1 million mortgages for the first time
Source: CBS News --- For the first time, the federal government will back mortgages of more than $1 million, a move that reflects the run-up in home prices across much of the nation. The Federal Housing Finance Agency (FHFA) on Tuesday said the maximum size of...
Mortgage market slumps – is this the solution to boost business?
Source: MPA Mag --- Amid a sluggish housing market with a backdrop of inflation, marketing has gained heightened importance as brokers struggle to differentiate themselves in the industry. Now, one marketing expert offers advice on how to go about it. Natalie Mullen...
Mortgage Applications Increase After Dip in Mortgage Rates
Source: Mortgage Orb --- A decrease in mortgage rates resulted in mortgage application volume increasing 2.2% during the week ended November 18. According to the Mortgage Bankers Association’s Weekly Applications Survey, applications for refinances increased 2%...
FHFA Announces Increase Conforming Loan Limit to $726,200
Baseline Conforming Loan Limit Will Increase to $726,200 Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the conforming loan limit values (CLLs) for mortgages to be acquired by Fannie Mae and Freddie Mac (the Enterprises) in 2023. In...
