April Mortgage Credit Availability Down 1%
Mortgage credit availability fell in April to its lowest level since 2013, the Mortgage Bankers Association reported Tuesday.
Redfin: Homes Sell Quickly as ‘Historic’ Drop in Listings Fuels Competition Among Buyers
Redfin, Seattle, said elevated mortgage rates continue to prompt many homeowners to stay put, resulting in bidding wars as buyers compete for a small pool of homes.
Black Knight: Lock Volumes Fall Despite Lower Rates
Black Knight, Jacksonville, Fla., said rate lock volumes fell by 22 percent month over month in April despite marginally lower mortgage interest rates.
Slowing Economy Reaches Small-Cap Commercial Real Estate
Boxwood Means LLC, Stamford, Conn., said weaker economic conditions on Main Street are impeding small-cap commercial real estate.
Fannie Mae: Housing Confidence at 12-Month High
Fannie Mae, Washington, D.C., reported its Home Purchase Sentiment Index increased in April to its highest level since May 2022, jumping 5.5 points to 66.8.
Dealmaker: Berkadia Secures $56M in Multifamily Construction Financing
Berkadia, New York, secured $55.9 million in construction financing for The Granary, a garden-style multifamily property in Fort Collins, Colo.
MBA Advocacy Update May 8, 2023
On Thursday, MBA requested the Consumer Financial Protection Bureau to proceed with rulemaking to amend the early intervention requirements and loss mitigation procedures under Regulation X.