Sharga also noted that while the 5.31 million target number for April is up both month-over-month and year-over-year, a truly healthy housing market would be on a pace for about six million in existing home sales annually. He said the annual rate of existing home sales will probably continue at about the five million range for the next year.
Read More »Survey: Mortgage Professionals Believe Business Is Better Than Last Year
Despite persistent concerns about risk and regulatory compliance, the majority of mortgage professionals agree that business conditions today are better now than they were a year ago.
Read More »Mortgage Professionals Support Reducing Presence of GSEs in Market
As policymakers continue to mull over the possible dissolution of Fannie Mae and Freddie Mac, a new survey shows industry professionals support the continued—albeit reduced—presence of the two mortgage giants in the market.
Read More »Poll: Majority of Lenders Reluctant to Lower Standards to Expand Credit Access
As federal housing agencies push mortgage firms to lend to more consumers, a recent survey indicates most lenders feel the regulatory risk is still too great for them to lower their standards.
Read More »Report: Near-Term Outlook ‘Grim’ For Mortgage, Housing Industries
Many housing and mortgage industry professionals believe that the overall outlook for their business in the next six months is "grim," according to the Collingwood Group Mortgage Industry Outlook Report.
Read More »Former FHFA Official Burns Joins Collingwood Group
Meg Burns, former senior associate director for the Federal Housing Finance Agency (FHFA), has signed on to the Washington, D.C.-based Collingwood Group as managing director, the company announced.
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