A new forecast by the MBA finds that while originations are expected to decline 33% from this year, lenders will turn their attention to their servicing business in order to meet profit margins.
Read More »Forbearance Exit Volume Continues to Grow
For the 15th straight week, the share of mortgage loans in forbearance has dropped, with employment showing signs of strength.
Read More »Mortgage Rates Retreat for Fourth Straight Week
Rates remain below the 3% mark as a slight uptick in apps proves more are jumping into the refi ring before an inevitable rise in the coming weeks.
Read More »Millennial Purchases Pick Up in March
Even though rates began an upswing, millennials did not slow down their pace of home purchases, closing slightly more than 50% of all purchase activity.
Read More »Upticks in Labor Market Breeding Consumer Optimism
Consumers polled by the GSE found that while the housing market has dipped slightly, rising employment numbers will boost confidence in the coming months.
Read More »Freddie Mac: How Will the Housing Market Perform?
The latest economic and housing market forecast by Freddie Mac predicts that while economic growth will likely moderate, there might be hope for home sales. Here’s why.
Read More »How Aging in Place Is Restricting Young Homebuyers
Freddie Mac’s new report examines how additional demand from senior homeowners is affecting young adults looking to buy their first homes. Here’s what it revealed.
Read More »Tackling the Unknown
How will the housing market adjust to the factors that have been responsible for its subdued growth over the last quarter? Here’s what a Freddie Mac report projected.
Read More »Economist: Leverage Plays Major Role in Driving Foreclosures
With the nation's homeownership rates similar to those of 50 years ago, the foreclosure rate is significantly higher compared to the early 1960s. The main reason for the increase in foreclosure risk while the homeownership rate remains little changed is leverage, according to CoreLogic chief economist Sam Khater. The economist noted that leverage remains unaddressed by those responsible for initiating housing policy, and he recommended in his study that they may want to consider the ability to manage leverage in order to obtain financial stability in the residential housing market.
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