Analysis and Data
CEO says company is positioned to 'emerge even strong when the current down cycle ends.'
MBA says mortgage credit decreases even as rates are forecast to decline.
Completed foreclosures see first year-over-year decrease.
Lender says majority in survey cited high interest rates; offers new product to cover costs of refinancing.
MBA survey finds overall volume increased 7.4% from a week earlier.
Home Purchase Sentiment Index rose in January for 3rd straight month, but remains below pre-pandemic level.
A summary and review of key economic data that affects the mortgage and real estate business.
Housing prices, mortgage rates continue to decline but affordability still an issue.
Volume increased across the board, lead by rate/term refis rising 124%.
Combined with upward revisions for November & December, market proves even stronger than many thought.