MBA Forecast: 2021 Purchase Originations to Hit Record $1.6 Trillion
The Mortgage Bankers Association this week released its December Economic and Mortgage Market forecasts, showing overall 2021 mortgage originations expected to fall just short of last’s years record, but purchase originations expected to rise to a record $1.6 trillion—and go even higher in 2022.
Existing Home Sales Up 3rd Straight Month
Existing home sales appear to be heating up again as the year ends, the National Association of Realtors reported Wednesday.
FHFA Finalizes 2022-2024 Single-Family, 2022 Multifamily Housing Goals
The Federal Housing Finance Agency released benchmark levels for Fannie Mae and Freddie Mac single-family housing goals for 2022 through 2024 and benchmark levels for multifamily housing goals for 2022.
FHFA: GSE Delinquency Rate Falls to 1.55%
The Federal Housing Finance Agency released its third quarter Foreclosure Prevention and Refinance Report, showing Fannie Mae and Freddie Mac completed 180,566 foreclosure prevention actions during the quarter, raising the total number of homeowners who have been helped to 6,210,485 since the start of conservatorships in September 2008.
3Q GDP Settles in at 2.3%
U.S. Gross Domestic Product increased by 2.3 percent annually in the third quarter, a somewhat slower pace than the second quarter amid new COVID concerns, according to the third (final) estimate by the Bureau of Economic Analysis.
Consumer Confidence Finishes 2021 on Improving Note
The Conference Board, New York, said its monthly Consumer Confidence Index increased for the second straight month in December, after an upward revision in November.
