The median net worth of U.S. households increased from $103,000 in 2016 to $127,000 in 2019 – a gain of 17.6% and the highest amount since 2007, according to The Distribution of Wealth in America Since 2016, a new report released Thursday by the Mortgage Bankers Association's Research Institute for Housing America.
MISMO®, the real estate finance industry standards organization, seeks public comment on MISMO Engineering Guidelines (MEG) 16 and 42. The 30-day public comment period for these guidelines runs through December 30.
In the first of three key November employment reports this week, ADP, Roseland, N.J., said private-sector employment rose by a healthy 534,000 new jobs in November.
ATTOM, Irvine, Calif., said overall mortgage loan activity fell by 8 percent in the third quarter—the second straight quarterly decrease—as refinance volume faded amid rising interest rates.
Conforming loan limits for Fannie Mae and Freddie Mac will rise to $647,200 jump in 2022, the Federal Housing Finance Agency said on Tuesday—a jump of nearly $100,000 from 2021’s previous record high.