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Philadelphia Fed Chief: ‘We Can Hold Rates Where They Are’

Philadelphia Fed Chief: ‘We Can Hold Rates Where They Are’

by Phil Hall | Oct 16, 2023 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Philadelphia Federal Reserve President and CEO Daniel Harker addressed the Mortgage Bankers Association’s 2023 Annual Convention & Expo in Philadelphia this morning and admitted there was an absence of jubilation among the attendees regarding the central...
Credit Union Mortgage Originations Down 60% in Q3

Credit Union Mortgage Originations Down 60% in Q3

by Phil Hall | Sep 14, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Credit union activity in the mortgage and home equity line of credit (HELOC) markets recorded a decline during the third quarter of this year, according to new data from TransUnion (NYSE:TRU). The balances on credit union-originated mortgages grew more than 4%...
One-Third of Americans Cite Housing Costs as Their Greatest Financial Worry

One-Third of Americans Cite Housing Costs as Their Greatest Financial Worry

by Phil Hall | Sep 13, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Roughly one-third of Americans are citing housing costs as the economic issue that worries them the most, according to a new Quinnipiac University poll. In a survey of 1,910 adults polled between Sept. 7-11, roughly half of respondents (49%) said the price of gas and...
Today’s Housing Market: More Mortgages, Higher Prices, Fewer Delinquencies

Today’s Housing Market: More Mortgages, Higher Prices, Fewer Delinquencies

by Phil Hall | Aug 31, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Three new data reports have concluded that more people are taking out mortgages and are willing to pay more for their properties, while fewer people who already own homes are having problems paying back their home loans. Uptick in Lending: ATTOM’s 2023 U.S....
Survey: Nearly Half of Canadians Have Regrets Over Their Mortgages

Survey: Nearly Half of Canadians Have Regrets Over Their Mortgages

by Phil Hall | Aug 17, 2023 | International Real Estate News, Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Nearly one-third of Canadian homeowners have fallen into despair over their mortgage situation, according to a new survey conducted by the Real Estate and Mortgage Institute of Canada (REMIC). In a poll of 1,000 Canadian adults, 34.1% of respondents said that “they...
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