Mortgage Industry News
Mortgage lenders expect the housing market to worsen in 2023
Source: firsttuesday Journal --- Following record lender profits in 2021, 2022 has mortgage lenders packing their bags and heading for the exits. The Mortgage Bankers Association (MBA) believes the U.S. will enter a recession in the first half of 2023. The MBA expects...
US home prices falling 15% looks “conservative”: KPMG
Source: The Real Deal --- An economist is predicting home prices could decline much more than anticipated as the housing bubble begins to pop. A 15 percent drop in home prices for next year is “very conservative,” KPMG chief economist Diane Swonk told Fortune. Swonk’s...
Mortgage application process just as stressful — or worse — than buying a home, study finds
Source: Scotsman Guide --- A new report from Mastercard-backed data company Finicity has shed light on an uncomfortable perspective for the lending industry: As frustrating as the homebuying experience can be in today’s torrid, ultracompetitive marketplace, applying...
MBA’s Mike Fratantoni on measuring mortgage competition
Source: Housing Wire --- Mortgage industry participants may disagree a great deal on several different topics. However, I expect that you would find no argument with the following statement: Mortgage lending is a highly competitive business. While the scope of the...
Reverse mortgages can be ‘useful’ for retirees
Source: Reverse Mortgage Daily --- Retirees often have to navigate the homeownership and mortgage landscape with a series of unique concerns, owing to the natural occurrences of aging and the reality of what is largely a fixed income. Taking advantage of tools...
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Recent Posts
Hits and Misses for the Real Estate Week of April 27-May 1- Global Manufactured Homes Market Forecast to Reach Nearly $43 Billion by 20…
- San Francisco’s Bay Club Acquires Full City Block for $65 Million
- Pennsylvania Housing Finance Agency Launches Home Purchase Assistance Loan
- Portland Duo Sentenced for Running Real Estate Investment Fraud Scheme
