Mortgage Industry News
Leadership Shifts at American Financial Resources
Robert Pieklo joined AFP as COO in February 2024 following its acquisition by Proprietary Capital. Continue Reading Leadership Shifts at American Financial Resources
Mortgage Application Volume Down 8.5%
The Refinance Index decreased 12% from the previous week. Continue Reading Mortgage Application Volume Down 8.5%
Mortgage Application Activity Catches an Upswing
The Refinance Index spiked by 28% from the previous week and was 28% higher than the same week one year ago. Continue Reading Mortgage Application Activity Catches an Upswing
A Phil Hall Op-Ed: A 10% Mortgage Rate Under Trump?
Editor Phil Hall opines on Larry Summers’ warning on how Trump will impact the mortgage rates. Continue Reading A Phil Hall Op-Ed: A 10% Mortgage Rate Under Trump?
Mortgage Credit Availability Inches Up
“The overall supply of mortgage credit is still close to 2012 lows,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Inches Up
The Absolute Cheapest State to Buy A House Is…
Source: Apartment Therapy --- When you’re buying a new home, it’s all about location, location, location. Based on where you decide to live, you may have lower home costs, but pay more in utilities. Or, you could pay a higher mortgage but your property taxes will...
Virginia launches mortgage relief plan for distressed borrowers
Source: National Mortgage News --- Virginia began accepting applications on Monday for its mortgage relief program, with financial assistance provided through the federal government’s Homeowner Assistance Fund. The state received more than $258 million from the U.S....
Home affordability plummeted in fourth quarter
Source: Housing Wire--- Homeownership continues to swerve into unaffordable territory, with median-priced single-family homes becoming less affordable in three-quarters of the nation’s market, a report published by ATTOM Data Solutions last week said. ...
Red-Hot Housing Market Fuels Mortgage Borrowing Record
Source: The Wall Street Journal --- Americans borrowed more than ever to buy homes in 2021. Mortgage lenders issued $1.61 trillion in purchase loans in 2021, according to estimates by the Mortgage Bankers Association. That is up slightly from $1.48 trillion in 2020...
New York company makes City’s largest real estate purchase
Source: Santa Monica Daily Press --- The largest real estate deal in the city’s history closed this week with the sale of eight properties to New York based real estate company Tishman Speyer. According to a statement from brokerage Walker & Dunlop, Tishman’s...
Mortgage Rates Increased to 3.27% Last Week. Here’s What Experts Forecast Amid Rising Inflation and COVID Cases
Source: Next Advisor --- Mortgage rates increased slightly by 0.01% last week to 3.27%, a movement consistent with what housing experts have been forecasting for months: Mortgage rates will rise in 2022. Rates have been moving up and down slightly amid growing...
Non-profit pays off mortgage on home of U.S. Marshal killed in Baton Rouge
Source: brproud.com --- JACKSON, Miss. (AP) — A non-profit group has fully paid the mortgage of a U.S. Marshal killed in the line of duty at a motel in Baton Rouge, Louisiana. The Tunnel to Towers Foundation in a news release announced New Year’s Eve that it had paid...
For some, a reverse mortgage might be the key to a better life
Source: The Santa Clarita Valley Signal--- Life is full of experiences – work, finding love, paying taxes, staying healthy, raising a family and more. Once a person reaches a certain age, it is time to relax and enjoy life and loved ones as much as possible. However,...
HPD Announces Plans For 100% Affordable Development In Brooklyn
Source: Real Estate Weekly --- The New York City Department of Housing Preservation and Development (HPD) today announced the development partners and plans for Site 1 of the Bedford-Stuyvesant Community Wealth and Wellness RFP. Almat Urban and the Bedford-Stuyvesant...
Real estate trends to follow in 2022
Source: York News Times --- Rent-to-own platform ZeroDown compiled a list of 10 real estate trends to follow in 2022 using information from real estate agents, forecast models, brokers, and other real estate experts.
