Mortgage Performance Remains ‘Exceptionally Healthy’

Reports this week from CoreLogic, Irvine, Calif., and Black Knight, Jacksonville, Fla., as well as Monday’s Loan Monitoring Report from the Mortgage Bankers Association, show mortgage performance in the post-pandemic era remains strong and healthy.

Housing Market Roundup Nov. 23, 2022

We’ve had a flurry of reports ahead of the Thanksgiving holidays; here’s a quick summary of what’s happening:

Industry Briefs Oct. 25, 2022: NewDay USA to West Palm Beach?

NewDay USA, Fulton, Md., is expanding and taking occupancy with 250 employees in the top two floors of 360 Rosemary, a 20-story, 297,000-square-foot office building in West Palm Beach, Fla.. In addition, the company is in negotiations with Related Co. to relocate its Maryland-based headquarters to West Palm Beach.

Cash-Outs, Purchase Locks Decline Amid Record-Low Affordability

Black Knight, Jacksonville, Fla., said cash-out refinances fell significantly in September, by 26.2 percent from August alone and by 78 percent from a year ago. A similar report from MCT, San Diego, also found a sharp drop in loan lock volume in September.

Home Price Appreciation Losing Steam

CoreLogic, Irvine, Calif., said year-over-year home price growth slowed for the fourth consecutive month, with more metro areas likely to see further decreases in the coming months.

Housing Market Roundup Sept. 15, 2022

Here’s a quick summary of recent housing market reports that have come across the MBA NewsLink desk: