Pending home sales decreased again in October, down 1.5% from September, according to the National Association of Realtors.
Category: News and Trends
ATTOM: Mortgage Lending Declines Again in 3Q as Rates Rise
ATTOM, Irvine, Calif., said 1.54 million mortgages secured by residential property (1 to 4 units) were issued during the third quarter, a 3 percent decline from the prior three-month period.
ICE Mortgage Technology: How to Effectively Navigate the Evolving Mortgage Lending Regulatory Environment–Sponsored Content
For mortgage lenders, constantly changing laws and regulations can make staying current with compliance requirements time-consuming and costly. It takes a collaborative effort to stay on top of it all, and everyone within your organization plays a crucial role.
MBA: Mortgage Application Payments Increased 2% to $2,199 in October
Homebuyer affordability declined in October, with the national median payment applied for by purchase applicants increasing to $2,199 from $2,155 in September, the Mortgage Bankers Association reported.
JLL: Construction Industry Likely to See Positive 2024
JLL, Chicago, released its U.S. and Canada Construction Trends 2024 forecast, positing that the industry will have a positive 2024, but also acknowledging existing challenges.
Quote: Nov. 30, 2023
“Homebuyer affordability conditions declined further in October, with the jump in mortgage rates during the month dissuading would-be buyers from entering the housing market.”
–Edward Seiler, MBA’s Associate Vice President, Housing Economics, and Executive Director, Research Institute for Housing America
Industry Briefs, Dec. 1, 2023
Industry news from Nationwide Property & Appraisal Services, Dark Matter Technologies and LenderLogix.
Redfin Finds Home Prices Up 0.7% Month-over-Month in October
Home prices rose 0.7% month-over-month nationwide to a record high in October, reported Redfin, Seattle.
Dealmaker: Hall Structured Finance Originates $67M in Hotel Construction Financing
Hall Structured Finance, Dallas, originated a $67 million construction loan to develop a dual-branded AC Hotel by Marriott Symphony Park and Element by Westin Symphony Park in Las Vegas.
MBA Names Rachel Kelley Vice President of Legislative Affairs
The Mortgage Bankers Association named Rachel Kelley Vice President of Legislative Affairs.