“Mortgage rates decreased for the first time since August, as concerns about supply-chain bottlenecks, waning consumer confidence, weaker economic growth and rising inflation pushed Treasury yields lower.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
Loans in forbearance fell to a new post-pandemic low, with the share of Fannie Mae/Freddie Mac loans in forbearance falling under 1%, the Mortgage Bankers Association reported Monday.
Cherry Creek Mortgage, Denver, promoted Susan Vick to Vice President of Marketing.
While there are more tools, technology advancements, access to data and specific programs tailored to minority consumers and marginalized groups than ever before, there are still additional steps the industry can take to truly make homeownership a reality for all.
Against the background of plummeting refinance activity, there has been a growing level of competition to service limited loan volume. Coupled with the tighter business conditions, market norms have rapidly changed, and so have the borrower profile. These changes have been encouraging lenders to consider getting into the Non-QM space to ensure smooth business continuity.
The Mortgage Bankers Association’s Accounting & Financial Management Conference takes place Nov. 10-12 at the Grand Hyatt Nashville.
Construction spending, while up year over year, continues to be hampered by building materials shortages and difficulties finding labor, the Census Bureau reported Monday.
Commercial real estate prices continue to increase, according to new reports from Real Capital Analytics and CoStar.
Loans in forbearance fell to a new post-pandemic low, with the share of Fannie Mae/Freddie Mac loans in forbearance falling under 1%, the Mortgage Bankers Association reported Monday.
Demand for homebuying remained strong in September, said CoreLogic, Irvine, Calif., with limited housing supply creating challenges for those looking for homes.
