Homebuyer affordability was largely unchanged in May, with the national median payment applied for by applicants up slightly to $1,897 from $1,889 in April, according to the Mortgage Bankers Association's monthly Purchase Applications Payment Index.
CoreLogic, Irvine, Calif., said its risk modeling shows nearly 7.8 million homes with more than $2.3 trillion in combined reconstruction cost value are at risk of hurricane-related damages.
ATTOM, Irvine, Calif., reported a sharp increase in home flipping in the first quarter—but profits did not necessarily follow suit.
Freddie Mac, McLean, Va., said multifamily market investment conditions deteriorated in the first quarter as price appreciation and rising mortgage rates more than offset net operating income growth.
Mortgage loans in forbearance fell to new post-pandemic lows in May, the Mortgage Bankers Association reported Tuesday.