CORONADO, Calif.—With a volatile economic outlook, how are the practitioners—the independent mortgage bankers—approaching 2023 and beyond?

The Federal Housing Administration on Monday announced expansion of its loss mitigation options used to help borrowers struggling to make mortgage payments on their FHA-insured mortgages.

ATTOM, Irvine, Calif., said U.S. home sellers nationwide realized a $112,000 profit on the typical sale last year, up 21 percent from $92,500 in 2021 and up 78 percent from two years ago.

U.S. commercial real estate investors favor opportunistic strategies and show a preference for secondary markets amid concerns about higher interest rates and tighter financial market conditions, reported CBRE, Dallas.

In the most recent MBA Purchase Applications Payment Index (PAPI) release, MBA Research introduced a new measure—The Builders’ Purchase Applications Payment Index (BPAPI). While PAPI uses MBA’s Weekly Applications Survey purchase data to calculate mortgage payments, BPAPI uses analogous MBA Builder Applications Survey data to create an index that measures how new mortgage payments vary across time relative to income, with a focus exclusively on newly built single-family homes.