One-stop-shop trend continues with Propertybaseâs Unify buy
The acquisition of the mortgage fintech aligns with growing customer expectations surrounding a fully digital homebuying experience.
Renting
MBS Day Ahead: Selling Gets Serious; Yields Near Post-Covid Highs
Posted To: MBS Commentary
Last week ended with snowball selling in the bond market. Given the approach of a holiday weekend, there was a chance that the weakness was overdone and that we'd see a bounce back today, but it didn't take long for those hopes to be crushed in overnight trading. This is the kind of bond market weakness that forces analysts to find/amplify root causes after the fact, because there really hasn't been a strong case for this much selling (even if there's a well-understood case for steady selling in general). To be clear, evidence in the "well-understood case" is as follows: Plummeting covid case counts Businesses weathered the Dec/Jan surge much better than the initial lockdowns in the Spring Vaccine distribution improving Economic data at home and abroad has been resilient…(read more)
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Today’s mortgage rates bump up again | February 12, 2021 – Fox Business
Today’s mortgage rates bump up again | February 12, 2021 Fox Business
Mortgage industry digital strategies sag under weight of COVID-19
âTwo clicks or lessâ needs to become the mantra for the mortgage industry as it confronts the digital challenges that have kept it mired in the world of costly and cumbersome phone-based customer support, J.D. Powerâs Jim Houston writes
Buyer Demand Shores Up Builder Confidence
Posted To: MND NewsWire
After dropping from record high levels by a total of 7 points over the last two months, the index that measures home builder confidence has stabilized. The Housing Market Index (HMI), produced by the National Association of Home Builders (NAHB) and Wells Fargo, rose 1 point in February to 84. “Demand conditions remain solid due to demographics, low mortgage rates and the suburban shift to lower cost markets, but we expect to see some cooling in growth rates for residential construction in 2021 due to cost factors, supply chain issues and regulatory risks,” said NAHB Chief Economist Robert Dietz. “Some builders are at capacity and may not be able to expand production due to these headwinds .” “Lumber prices have been steadily rising this year and hit a record high in mid-February, adding thousands…(read more)
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4 reasons mortgage rates could drop further this year – Fox Business
4 reasons mortgage rates could drop further this year Fox Business
Mortgage and refinance rates today, February 17, 2021
Today’s mortgage and refinance rates Average mortgage rates rose appreciably yesterday, as we predicted. They’re still below 3% for 30-year fixed-rate mortgages. But it’s been a while since they’ve been […]
Fannie/Freddie Report Record Growth for 2020
Posted To: MND NewsWire
Both Fannie Mae and Freddie Mac (the GSEs) reported strong financial results in the fourth quarter of 2020 and significant growth in their net worth which, for the first time in their 12 years in conservatorship, they have an unlimited capacity to grow. Fannie Mae’s net and comprehensive income was $4.6 billion in the fourth quarter and $11.8 billion for the entire year. The quarterly net and comprehensive incomes were both about $300 million higher than in Q3, but the full year fell well short of the 2019 total net of $14.2 billion and comprehensive of $14 billion. Revenues were higher at $6.3 billion for the quarter and $21.9 billion for the year. The net revenues for the two earlier periods were $5.9 billion and $18.5 billion, respectively. The company said the decline in net and comprehensive…(read more)
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Weekly mortgage refinance demand drops 5% after rates hit highest level since November – CNBC
Weekly mortgage refinance demand drops 5% after rates hit highest level since November CNBC
Cash-out refis help drive pandemic-era mortgage boom
Origination volume hit a record high in 2020 as more borrowers tapped the equity in their homes and investors and second-home purchasers flocked to the market at levels unseen since before the Great Recession.