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Coming Up:
New Home Mortgage Applications Up 4.4% Annually In August
Applications remained unchanged from July, but estimated new home sales increased almost 15% over the month, said the MBA.
Fathom Realty Settles In NAR Class-Action Lawsuit
Subsidiary of Fathom Holdings settles for $2.95M
The Big Spend
Listen to the Mortgage Banker Magazine September 2024 cover story.
Pennymac Joins Rocket Pro TPO, Raises Loan Limits
Pennymac increased its conforming loan limit to $802,650
Consumer Resilience Buffered By Residential Mortgage Market
Substantial home equity has boosted consumer financial health, but risks remain in non-mortgage consumer lending
Existing-Home Sales Improve From July To August
Fewer existing-home sales than last year indicate affordability and inventory challenges continue to plague purchase borrowers
Sep 16, 2024
$25K Down Payments Still Exist In Some U.S. Metros
The sum would cover 10% of the down payment in 17 of the largest US metros, Realtor.com reports.
Feast, Then Famine
Business lost to ‘lock-in effects’ will compound for years, warns a team of FHFA economists
Mortgage Banker