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Mortgage Credit Availability on the Decline

“Similar to December 2022, the availability of credit has been driven lower by declining originations and shrinking industry capacity as lenders have streamlined their operations to cope with lower volumes,” said Joel Kan, MBA’s VP and Deputy Chief Economist.

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January Foreclosure Filings Up 36% YoY

“The uptick in overall foreclosure filings nationwide points toward a trend that may suggest more increased activity is on the horizon as we enter the new year,” said ATTOM CEO Rob Barber.

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Home Price Growth Dips

Home price growth fell from November according to the CoreLogic Home Price Index, and expert projections indicate another decline in January.

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