Housing is expected to lead macroeconomic recovery efforts

The COVID-19 pandemic triggered widespread shelter-in-place orders and the declaration of a national emergency this past March. These events had significance for the mortgage and housing industries, as they led to cancellations of open houses and withdrawals of for-sale properties through multiple listing services (MLS). The pandemic also short-circuited the typical ramp-up by prospective homebuyers […]

The outlook for housing might not be so glum

On the face of it, there isn’t much to like about the outlook for the U.S. housing market. In April 2020 alone, more than 20 million Americans lost their jobs. A month later, more than 4 million homeowners had signed up for federal forbearance programs to pause their mortgage payments. Many small businesses were shut […]

J.D. Power: Pandemic increasing mortgage consumer expectations

With pandemic-induced uncertainty occurring across the real estate lending sphere, a recent customer-satisfaction study from J.D. Power found that mortgage servicing companies are falling short of consumers’ growing expectations. J.D. Power’s 2020 U.S. Primary Mortgage Servicer Satisfaction Study, released this week, found that the unprecedented environment of record-low interest rates, burgeoning unemployment and rising delinquencies […]

Notable mortgage industry hires and promotions, July 27-July 31

 Anderson Guaranteed Rate Affinity has announced the appointment of Jim Anderson as senior vice president of strategic growth. He joins the company with more than 30 years of experience in the mortgage industry, specializing in business development, strategic sales and risk management. In his new role, he will support the company in advancing its mortgage […]