Mortgage Industry News
U.S. Bank Debuts Product to Expand Minority Homeownership Access
U.S. Bank has committed $100 million over the next five years to the Access Home Loan program. Continue Reading U.S. Bank Debuts Product to Expand Minority Homeownership Access
MBA: Mortgage Application Activity Up Slightly
The MBA also reported a scant 0.1% rise in its Mortgage Credit Availability Index for June, to a level of 96.6. Continue Reading MBA: Mortgage Application Activity Up Slightly
Reuters poll: U.S. house prices to fall 12% peak to trough – analysts
Source: Hellenic Shipping News --- A retreat in U.S. house prices will extend into next year, although the expected 12% peak-to-trough drop predicted by analysts polled by Reuters would be just about one-third as severe as the last market correction 15 years ago. Such...
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...
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Recent Posts
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