“We’re beginning to see an increase in the level of activity. And that’s in our data in terms of mortgage applications. It’s in pending home sales from the realtors. And it’s in builder sentiment from the homebuilders. So everything pointing in the same direction– January a little bit better than that extraordinarily slow fourth quarter from last year.”
–MBA Chief Economist Mike Fratantoni, appearing on Yahoo! Finance Feb. 2.
Digital and industry reimaging has provided a new, integrated product solution defined by equal parts of data sciences, technologies, and business experience. Data-as-a-Product (DaaP) represents a process and organizational mindset-shift for many within financial and mortgage services, yet when adopted, the new revenue generated and efficiencies gained, illustrates the next-gen business cycle.
The current groundswell of interest in down payment assistance is a silver lining for lenders amid stormy market conditions, creating an opportunity to answer the GSEs’ calls for greater housing equity while building revenue and lasting customer relationships in a tough mortgage market.
The outlook for 2023 remains uncertain – but we can anticipate more change, which necessitates new approaches and solutions. While there is no silver bullet, there are tangible things you can do to meet the moment and strengthen your team in 2023.
The Federal Open Market Committee telegraphed its intentions weeks ago; on Wednesday, to no one’s surprise, it raised the federal funds rate by 25 basis points.
The Census Bureau on Wednesday said December construction spending fell by 0.4 percent, with overall residential spending falling for the seventh straight month.
The first two of four major employment reports this week offered a mixed bag of data, reflecting the current volatility in the U.S. jobs market.
JLL Valuation Advisory Group, Chicago, said despite pricing uncertainties limiting capital markets activity, interest in seniors housing remains optimistic as investors seek higher yields from alternative asset classes.
ATTOM, Irvine, Calif., said 48 percent of mortgaged residential properties in the United States were considered equity-rich in the fourth quarter, down slightly from the previous quarter but up from a year ago.
Dockerty Romer & Co., Miami, arranged $24 million in permanent mortgage financing structured for Mayfair in The Grove, a mixed-use office and retail complex located in Coconut Grove, a neighborhood in Miami.
