Looking into 2024, the Mortgage Bankers Association (MBA) has announced that it now predicts origination volume to total $1.95 trillion next year.
Read More »Fannie Mae: Long-Term Interest Rates Projected to Impact Economy
New commentary from Fannie Mae revealed the ESR Group is warning that while rates are moving rapidly again, they are expected to weigh on consumption and business investments over time. Experts now project a significant slowing trend in economic growth through the end of the year and into 2024.
Read More »Examining FHFA’s Transition to a Bi-Merge Credit Analysis
A new report from TransUnion explores FHFA’s proposal to utilize two instead of three credit reports, and the significant impact such a move would have on consumers, mortgage lenders, and the broader economy.
Read More »Freddie Mac Launches New Down Payment Assistance Tool
The new DPA One option works to quickly and efficiently access and compare down payment assistance programs in order to help more first-time homebuyers achieve homeownership.
Read More »Housing Competition Dries Up During Fall Buying Season
As homebuying conditions continue to moderate, housing competition has eased as inventory increased, according to a new Zillow report, while home values experienced the first month-over-month decline since February.
Read More »Fed Takes Action Against TransUnion for Illegal Rental Background Checks
The CFPB and FTC have issued a joint consent order requiring the credit reporting conglomerate to pay $23 million in fines for tenant screening and security freeze failures.
Read More »Examining the Impact of Flood Risk on Florida Home Values
While nearly 40% of total U.S. residents live in coastal regions, a new CoreLogic report revealed that approximately 41 million U.S. residents face the risk of flooding along rivers and streams. Click here to see how flood risk impacts overall home values in the Sunshine State.
Read More »Targeting New Outlets for Down Payment Assistance?
With the ever-rising cost of homeownership, down payments requirements have also grown in step. Click through to find out where the next generation of buyers are finding the funds to secure a home.
Read More »Potential Homebuyers Retreat as Rates Remain Elevated
While a slight increase in new listings offers potential buyers more housing inventory to choose from, Redfin has found that many are backing out of the market, as mortgage rates sit near levels last seen two decades ago.
Read More »U.S. Foreclosure Filings Up 28% in Q3
With the nation’s highest foreclosure rates found in the states of New Jersey, South Carolina, and Delaware, ATTOM reports a near 30% quarter-over-quarter rise in third quarter default notices, scheduled auctions and bank repossessions, approaching levels seen before the pandemic.
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