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An economic slowdown would deliver lower interest rates but tighter credit standards, while a "soft landing" for the economy wouldn't solve the low inventory problem, a new report said.
August 24 -
While a majority of current forborne borrowers sought relief for reasons related to COVID-19, servicers are seeing a growing share of cases involving natural disasters or personal financial issues, the Mortgage Bankers Association said.
August 22 -
While the share is slightly lower than at the start of 2023, the market is not expected to slip back to lower pre-pandemic levels, CoreLogic said.
August 18 -
Lenders reported a net loss of $534 on each loan they originated in the last quarter, an improvement from the $1,972 loss per loan the quarter prior.
August 17 -
The average for a 30-year home loan marked the fourth straight week of increases, according to Freddie Mac.
August 17 -
But overall volume is still expected to be 38% lower than 2022's commercial real estate originations, as higher interest rates remain a drag.
August 16 -
Industry executives coming off a tough year are wondering what the transition will cost and how many borrowers it'll bring in.
August 15 -
UBS Group AG agreed to pay $1.44 billion to settle a case with the U.S. Department of Justice regarding how it handled residential mortgage-backed securities.
August 14 -
With prices continuing to increase and the conforming 30-year mortgage rising above 7% in July, the purchase market is in a holding pattern, Black Knight said.
August 14 -
A shortage of listings has pushed up prices, boosting the total value of US homes to a record $47 trillion, Redfin reported.
August 11