Housing Wire
MARCH 16, 2022
Interest in residential mortgages fell 1.2% for the week ending March 11 as mortgage rates rose to their highest levels since May 2019, according to the Mortgage Bankers Association ‘s latest survey. The MBA found that the adjustable-rate mortgage share of the activity increased to 5.6% of total applications.
Housing Wire
SEPTEMBER 23, 2022
An index score above 50 indicates business activity is expanding while a reading below 50 indicates it’s contracting. The decrease [in September] was … the slowest in the current three-month sequence of contraction,” S&P Global’s analysis of the results states. The composite output PMI index came in at 49.3
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Housing Wire
FEBRUARY 18, 2022
from December and mortgage rates shot up 30 basis points. Homes went under contract in just 19 days on average, down from 21 a year ago. ” While homebuilders are getting closer to delivering new homes , they remain stymied by ongoing global supply chain issues. Sales of homes priced above $1 million were up 39%.
Housing Wire
JULY 6, 2022
The Federal Housing Finance Agency (FHFA) will increase its oversight of fourth parties – companies that contract with firms doing business with Fannie Mae and Freddie Mac. For the FHFA, the pandemic “demonstrated the fragility of the supply chain and raised awareness of fourth-party risk,” the report said.
Housing Wire
JUNE 30, 2021
The strong increase in home sales and transactions in May —following a dip in April — was a surprise, per Lawrence Yun, National Association of Realtors chief economist, who attributed the home sales increase to mortgage rates remaining below 3%, as well as an uptick, nationally, in listings. year over year. . year over year. All four U.S.
Housing Wire
AUGUST 7, 2023
Many industries began to deploy electronic supply chains in the 1980’s. Lenders began to define the “trust model” of standards, contracts and shared services necessary to achieve cross industry interoperability. Consumers, communities and taxpayers are major beneficiaries.
Housing Wire
OCTOBER 8, 2021
Walker has more than three decades of experience in the housing space, and most recently, he launched CredEvolv , a startup that facilitates credit counseling in order to transform borrowers that were declined credit into mortgage-ready leads for lenders. Jeff Walker: The lack of access to credit for mortgage consumers.
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