HousingWire Magazine: October/November Supplement – HousingWire
Perhaps the only predictable thing about the mortgage industry is its unpredictability. We all know the market is cyclical, but no one enjoys...
Assumable mortgage platform Roam partners with national lender on down payment assistance
New York-based assumable mortgage platform Roam rolled out a new partnership with national lender Spring EQ to provide second-lien loans to Roam customers,...
Fannie Mae optimistic that mortgage rates will dip below 6% by year-end
Fannie Mae has a rosy outlook for mortgage rates. The government sponsored enterprise is projecting that rates will drop below 6% by the...
Impatient homebuyers are gradually accepting the reality of the housing market: BofA
Prospective homebuyers are slowly growing less sensitive to home prices and high-interest rates, and fewer of them are willing to wait for a...
As the housing market bottoms out, educating the future mortgage pro becomes paramount
Many analysts who cover the mortgage industry believe that the worst of the current cycle may be in the rearview mirror.
In 2022 and...
Housing inventory is seeing unusual gains in November. Should we be worried?
https://www.youtube.com/watch?v=BmRSih63PuE
Last week, I asserted that housing inventory growth had finished for the year. Turns out I was wrong!This week, the available inventory of...
Mortgage rates fell 67 bps in November. Production was still down 10%
In the mortgage business, November typically represents the start of the slow season. While mortgage rates cooled down significantly from October, it wasn’t...
HUD doles out $26M to promote fair housing and combat discrimination
The U.S. Department of Housing and Urban Development (HUD) on Friday announced the availability of $26 million in funding to be distributed to...
DataDigest: Mortgage rates aren’t causing delinquencies. Disasters are
In September 2022, the 30-year fixed mortgage rate averaged 6.1%, according to Freddie Mac data. Fast-forward one year, and the rate averaged 7.2%,...
Cyberattack on Mr. Cooper forces it to lock down systems
Texas-headquartered lender and servicer Mr. Cooper pointed to a cybersecurity incident that forced the company to lock down certain technology systems including access...