Persistent high interest rates and scarce inventory lead to steep decline in affordability.
Christine Stuart is the news director at NMP.
Persistent high interest rates and scarce inventory lead to steep decline in affordability.
Suburban appeal, Millennial influence, and 30-year mortgages shape dynamic real estate market.
Planet Home Lending boasts double-digit rise in origination.
Shareholders had accused the lender, its executives, and bank underwriters of misleading disclosures during the 2021 IPO, while loanDepot denies any wrongdoing.
Affordability concerns grow as robust economy drives rates closer to 7%.
Mortgage payments on a typical home rise by 11.6% year-over-year.
Seeks to eliminate manual submissions.
Resilient job market fuels record low delinquencies, yet early signs of credit stress emerge in certain states
A new report by the Bureau of Labor Statistics shows housing costs leading the increase, with core CPI at 4.7% for the year.
It will expand Control Your Price program for loans.