Get the NMP Daily
Advertisement
Analysis and Data
Coming Up:
Mortgage Applications On The Rise Despite Interest Rates
Second consecutive weekly increase, according to MBA's survey.
Gen Z Destinations For Home Buying
Salt Lake City topped the list and San Francisco brought up the rear.
loanDepot Suspends Dividends After Heavy 1Q Losses
Originator reports a loss of $91 million on quarterly revenues of $503 million
Mortgage Credit Availability Continues To Tighten
Second monthly drop driven by drop in government loan credit availability.
loanDepot Announces $91M First Quarter Loss
Quarterly revenues are down 40% to $503 million from fourth quarter's $705 million.
Fears That Fed’s Actions Could Trigger A Recession
Freddie Mac, CoreLogic economists say Fed efforts could affect mortgage rates
Refinance Closing Costs Remain At Less Than 1% Of Loan Amount In 2021
Purchase mortgage closing costs increased 13.4% during the same time period.
Increasing Numbers Of Home Sellers Are Dropping Their Asking Price
14.9% of home sellers decreased their asking price, up from 9.1% a year ago
Consumers Pessimistic About Credit Availability In Coming Months
Expectations stable on home price increases but high rent increases expected.
Mortgage Delinquencies Down For 7th Straight Quarter
Improvement in loans over 90 days helped overall delinquency numbers.