Economists are increasingly confident that the economy will grind to a standstill and begin declining shortly. The Financial Times and the Initiative on Global Markets, a University of Chicago economic policy and market research center, surveyed 49 U.S. macroeconomics specialists
Cottage Style Homes: When Cozy, Quaint, and Charming Collide
Picture a cozy home with arched doorways, a chimney, a charming front porch, and a stone or brick façade. Whether this house has beachfront views or is nestled in the countryside, you’ve just envisioned a quaint cottage-style home. One of
Shovel Snow Like a Pro: A Guide to Keeping Your Driveway and Walkway Clear This Winter
Whether you’re buying your first home in Buffalo, NY, or prepping for your first winter in an apartment in Denver, CO, snow season is on its way. When it comes to shoveling snow, there are a few professional tips to
Interest Rate Predictions 2023: Will Rates Increase in 2023?
Interest Rates Are Predicted to Increase in 2023 As long as core inflation remains significantly above the Federal Reserve’s target, the Fed Funds rate is predicted to continue to rise in 2023. The Fed’s primary instrument for controlling inflation is
10 Must-Read Tips for Staging a House On a Budget
When it comes to selling your house, one of the most important things you can do is upgrade the look of your home. Like a job interview, a strong first impression can make all the difference, so you want to
How to Handle a Ceiling Leak in Your Apartment
A drip coming from your ceiling will catch anyone’s attention right away. You may be going about your day when that unmistakable sound of water droplets hitting your floor rings out. You look up to notice your kitchen vent or
Go All-In with These 9 Fun Outdoor Activities in Las Vegas
Las Vegas is known as the Entertainment Capital of the World, so it’s no surprise that there are plenty of fun activities in the city. But aside from the numerous casinos and shows, there are plenty of ways to enjoy
Finance of America Mortgage announces shutdown
Amid one of the most challenging mortgage markets since the great financial crisis, Finance of America Mortgage LLC (FAM) will shut down by the end of the year following its decision to exit the wholesale channel and the collapse of
Prepayment activity reaches 22-year low on spiking interest rates
Drop in refis, soaring interest rates and rise in homeowner costs to utilize equity drove prepayment to the lowest level since November 2000. Prepayment activity dropped 14.9% to a single-month mortality (SMM) rate of 0.57% in September – below the
The silver lining in the existing home sales report
On Thursday the National Association of Realtors reported that we had a 23.8% year-over-year decline in existing home sales in September and total inventory has now fallen on back-to-back reports. Earlier in the year, I labeled this a savagely unhealthy
How are higher mortgage rates affecting servicing?
As mortgage rates continue to rise, originations are not the only side of the industry affected. So how is the servicing sector reacting? “The most basic thing that we’re seeing right now is mortgage rates increase and payoffs decrease because
Local markets: Phoenix, Huntsville and Boston
Local markets is a HousingWire magazine feature spotlighting housing trends across the country. Phoenix, Arizona Phoenix has arguably been one of the hottest housing markets in the country over the past two years, but as mortgage rates have climbed, demand
Opinion: American Housing Act charts bipartisan path for housing affordability
Earlier this year, congressional Democrats considered making major investments to promote housing affordability as part of their Build Back Better bill. But the way this legislation was considered — through the inherently partisan “reconciliation” process — ensured it would garner
Trade groups cheer new deadline for Ginnie nonbank capital rule
Ginnie Mae on Friday announced that it has extended the mandatory implementation date of its controversial risk-based capital requirement (RBC) for nonbanks to Dec. 31, 2024. The rule — which reduced the minimum risk-based capital ratio from 10% to 6%, but
Despite a drop in mortgage shoppers, opportunities are out there: report
In times as tough as these, mortgage lenders must be proactive in borrower outreach and find consumers’ home finance needs if they’re going to close a deal, a new report by mortgage relationship data company Sales Boomerang concludes. Based on
Projected Interest Rates in 5 Years: How Much Will Rates Rise?
Projected Interest Rates in 5 Years Unless you have a crystal ball that can predict the future, it’s impossible to know how much interest rates will rise in the coming five years. Pent-up demand, especially for travel, means inadequate supply
Marlin Mortgage to acquire LoanFront in Ginnie MSR play
The parent company of mortgage servicing rights clearinghouse Marlin Mortgage has struck a deal to acquire 100% of the outstanding equity of direct-to-consumer mortgage lender LoanFront. Terms of the deal were not disclosed and it requires regulatory approval. In acquiring
Opinion: Applying lessons learned to adapt to a competitive market
2022 and 2023 will not mirror the conditions of 2008 and beyond. But they won’t resemble 2020 either. Below are a few lessons title agents can take from previous down cycles that could help them adapt to current market conditions.
Housing Market Predictions 2022: Will Real Estate Crash?
Housing Market Predictions 2022 As more signs show that the housing market is already slowing down in 2022, many people are wondering: Will the housing market crash or collapse in the near future? More and more housing analysts are anticipating
Boston Real Estate Market: Prices, Trends, Forecast 2022-2023
The Greater Boston housing market is hot with rising prices in 2022. Boston’s housing market is experiencing a severe imbalance between supply and demand, which is causing home prices to rise steadily. The median selling price of single-family homes has
Massachusetts Housing Market: Prices, Trends, Forecast 2022-2023
The Massachusetts housing market is cooling. The trend of rising prices and declining sales have persisted for several months. According to a new report, the Massachusetts real estate market is exhibiting symptoms of cooling after two years of record-setting activity.
Real Estate Trends 2022: Housing Market Trends
Real Estate Trends 2022 Mortgage rates are rising. Home sales are declining. Supply is improving. Here are the latest housing market trends as seen in June 2022. To begin with, the prices are not going to decline in 2022. The
Mortgage demand plunges as costs reach new heights
Mortgage demand continues to decline amid surging home loan rates, according to the latest survey from the Mortgage Bankers Association (MBA). The mortgage composite index for the week ending Oct. 7 fell 2% from the prior week and 68.7% compared to the same period
California-based Summit Funding to cut 72 staffers
Sacramento, California-based mortgage lender Summit Funding Inc. plans to make a round of layoffs in late November that will affect 72 employees, according to a document filed with the state’s Employment Development Department. “With the demand for mortgage services falling to its lowest