Market Trends
Independent mortgage banks struggle again, but losses shrink markedly
More than 50% of independent mortgage companies profitable in three of last four quarters
More than 50% of independent mortgage companies profitable in three of last four quarters
Guaranteed Rate has announced the next wave of expansion of its Community Engagement Initiative, designed to significantly improve funded volume in underserved communities nationwide. The
Builders increase use of discounts, incentives, but activity still drops
Wells Fargo Home Lending has announced that Sandra Ho will join as head of sales. In this newly created role, Ho will lead Wells Fargo’s
Miami remains city with highest mortgage fraud risk
Improvements in for-sale supply couldn’t boost April’s existing home sales, which retreated 1.9% month over month to a seasonally adjusted annual rate of 4.14 million
Affordability woes drive second straight monthly decrease despite some improvement in supply
Attached properties post rent drop for first time in 14 years
Mortgage rates anticipated to linger around 7% through end of year
Share of new homes among total inventory still hovering near all-time high
