Industry news from Sagent, Maxwell, Union Home Mortgage, United Wholesale Mortgage, ICE Mortgage Technology, AmeriHome Correspondent, Snapdocs and Autoagent.
Category: News and Trends
Realtor.com: Homebuyers Need to Earn 70% More Today Than in 2019
Realtor.com, Santa Clara, Calif., released its April Housing Trends report, finding that a U.S. household now needs to earn $114,000 to afford a median-priced home. That’s up 70.1% from $67,000 in pre-pandemic 2019.
U.S. Adds 177,000 Jobs in April; Industry Economists Weigh In
The U.S. Bureau of Labor Statistics reported that 177,000 jobs were added to total nonfarm payroll employment last month, with the unemployment rate flat at 4.2%.
MBA Advocacy Update: Latest on MBA-Supported Trigger Leads Bill; CFPB, VA and Ginnie Mae News
This week’s top legislative and policy news from the Mortgage Bankers Association.
State of the Market: Tech Trends Shaping the Future of Mortgage Lending, May 13
Join us for an exclusive deep dive into the current and future landscape of mortgage technology amidst the evolving state of the economy and market trends.
VantageScore: Credit Scores Recover Overall, but Mortgage Delinquencies Grow
VantageScore, San Francisco, released its CreditGauge for March, finding that the average VantageScore 4.0 credit score returned to 702 after dipping slightly in February.
Proactive Risk Mitigation in Default Servicing
Without proper risk management, many default servicing scenarios are at risk of ending in foreclosure–which no one wants to see–Cornerstone Servicing’s Toby Wells writes.
Dealmaker: BWE, Blueprint Healthcare Secure $18M for Pacific Northwest Memory Care Properties
BWE and Blueprint Healthcare Real Estate Advisors closed two loans totaling $17.8 million for two memory care communities in Washington and Oregon.
Chart of the Week: Monthly Payroll Growth, Unemployment Rate and Average Hourly Earnings
The April Employment Situation report showed that the job market continues to hold up.
Quote of the Day
“In April, job gains were concentrated in just a few sectors, including health care and transportation and warehousing.”
–MBA SVP and Chief Economist Mike Fratantoni