Luke Baynes, Author at Scotsman Guide - Page 37 of 59

Luke Baynes

Luke Baynes is managing editor of Scotsman Guide.

Articles by Luke Baynes

Home delistings increased 47% in May from the prior year and are 35% higher year to date, according to Realtor.com

Market Trends

Home delistings spike as sellers hold out for better offers

Price cuts also soared in June: Realtor.com

Survey of Consumer Expectations data revealed that median expectations for the year-ahead inflation rate decreased to 3% in June

Economy

Inflation fears ebb, though consumers are still cutting back on spending

Year-ahead consumer inflation expectations dipped to 3%: New York Fed survey

Cost overruns for the Federal Reserve’s multibillion-dollar office renovation continue to haunt Fed Chair Jerome Powell

Government-Sponsored Enterprises

Fed’s Powell pens letter addressing office renovation uproar

FHFA head Bill Pulte questioned the timing of the Fed chair’s letter to Sen. Tim Scott

The rate of equity-rich mortgages peaked at 49.2% during the second quarter of 2024, according to Attom

Home Equity Lending

Equity-rich mortgages remain near historical highs despite a recent dip

New England states are particularly equity-rich, led by Vermont

Job insecurity weighed down homebuyer sentiment in June

Economy

Job insecurity weighs on homebuyer sentiment

Almost 30% of Fannie Mae survey respondents are worried about losing their job

NAMB reacted to a CHLA white paper proposing changes to loan originator compensation rules

Legislation

Mortgage associations offer differing visions of loan originator compensation reform

NAMB reacts to a CHLA white paper proposing changes to LO comp rules

Fairway, Guild Mortgage, Beeline, Waltz and FICO are among the mortgage and real estate-related companies with notable moves recently

Company News

Industry Watch: An active time for Fairway, Guild Mortgage, Beeline, Waltz and others

Fairway Independent Mortgage Corp. announced it is changing its name to Fairway Home Mortgage. The retail mortgage lender, which launched in 1996, also plans to

U.S. employers added 147,000 nonfarm jobs in June, according to the U.S. Bureau of Labor Statistics (BLS)

Economy

BLS jobs report beats expectations, dampening chances of a July rate cut

Hiring trends continue to defy projections

The private sector lost 33,000 jobs last month, according to ADP, the first decrease since May 2023

Economy

Lackluster ADP jobs report raises odds of Fed rate cut

The private sector lost 33,000 jobs last month, the first ADP payroll decrease since May 2023

Government-Sponsored Enterprises

FHFA’s Pulte accuses Fed Chair Powell of lying to Congress, calls for investigation

Bill Pulte, in a blazing rebuke, said Jerome Powell should be removed from office

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