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Purchase Loans Now Outpacing Refis
Purchase loans continued to increase as a percentage of loan originations in April. Ellie Mae's Origination Insight Report for the month put the purchase share of all closed loans at 52 percent , a 6 percentage point jump from March and the first time
Existing Home Sales Fall Short of Expectations
Existing home sales in April failed both to match their corresponding numbers in March and to live up to the consensus of analysts in advance of this morning's National Association of Realtors® (NAR) report. Sales of existing single family homes,
Households Better Prepared for Rate Increases This Time
Earlier this week Freddie Mac asked if the housing market recovery could withstand a rate increase (the answer, with some qualification was yes). Now the economists at Wells Fargo are asking the same about household balance sheets. The banks Interest
Latest Articles
By John Gittelsohn August 24, 2020, 4:00 AM PDT Some of the largest real estate investors are walking away from Read More...
Late-Stage Delinquencies are SurgingAug 21 2020, 11:59AM Like the report from Black Knight earlier today, the second quarter National Delinquency Survey from the Read More...
Published by the Federal Reserve Bank of San FranciscoIt was recently published by the Federal Reserve Bank of San Francisco, which is about as official as you can Read More...