Analysis and Data
Reports $163.7M loss for the full year.
Rates climb closer to 7%; reach level not seen since November.
Also reported a net loss of $610.4M for all of 2022; ousted founder in proxy fight says board needs 'a fresh perspective'
Overall activity fell 15% from January, and is down 54% from a year earlier.
Overall activity fell 3% from January 2023; completions up 45% YOY
Both refis and purchase loans rose; MBA also revises data for previous seven weeks.
Fannie Mae's Home Purchase Sentiment Index decreased 3.6 points in February.
January Mortgage Monitor Report says rising mortgage rates affecting housing supply and demand.
Or at the very least, follow the moving trucks to see where the money is going
In next five years, affluent Hispanic households will grow 36% annually