Homebuyer affordability declined in March, with the national median payment applied for by purchase applicants increasing 1.6 percent to $2,093 from $2,061 in February, the Mortgage Bankers Association reported Thursday.
ATTOM, Irvine, Calif., reported profit margins on median-priced single-family home and condo sales across the United States decreased to 44.2 percent in the first quarter as home prices stayed flat or kept declining around most of the nation.
The Consumer Financial Protection Bureau on Wednesday issued guidance on debt collectors, covered by the Fair Debt Collection Practices Act, threatening to foreclose on homes with mortgages past the statute of limitations.
Despite a fairly dismal month for existing home sales, RE/MAX, Denver, said March homes sales improved from February.
The JLL Capital Markets Group arranged nearly $375 million in financing for a retail center in New Jersey; and industrial portfolio in Georgia; and a multifamily property in Texas.
With the spring home-buying season well underway, mortgage activity picked up last week, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending April 21.