Mortgage Industry News
Economist who called 2008 housing crash predicts another 15% drop in home prices
Source: Fox Business --- A U.S. economist famous for predicting the 2008 housing crash believes that home prices could plunge another 15% this year. In a recent analyst note, Ian Shepherdson – the founder and chief economist of Pantheon Macroeconomics – suggested that...
ATTOM INTEGRATES PROBABILITY FOR DEFAULT ANALYTICS INTO ITS VAST PROPERTY DATA WAREHOUSE
Feb. 7, 2023 (Staff Writer)- ATTOM, a leading curator of real estate data nationwide for land and property data, today announced it has integrated propensity to default analytics into its U.S. property data warehouse. With this news, the ATTOM Table of Data Elements...
Home Flips Are Up, But Raw Profits Hit 13-Year Low
Source: National Mortgage Professional --- ATTOM released its first-quarter 2022 U.S. Home Flipping Report showing that home flips are up in the first quarter, while profits have sunk to a 13-year low. The report shows 114,706 single-family houses and condominiums in...
Housing-affordability crunch time is at hand
Source: Sun Gazette --- Ballooning mortgage costs, driven by skyrocketing prices and interest rates, have made mortgages less affordable than at any time since at least 2007. Demand for homes has pulled back in response, easing price growth, slowing sales and boosting...
Mortgages Update: Fifth Of Mortgage Payments At Risk
Source: Forbes UK --- One fifth (20%) of UK homeowners say they are unsure how they will afford their next mortgage payment, according to a recent survey by our online mortgage broker partner, Trussle. The online survey gathered responses from 2,000 homeowners across...
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