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Coming Up:
Raleigh, Nashville, Phoenix: Baby Boomers Mortgage Bliss
SmartAsset study reveals Raleigh has highest rate of mortgages issued to baby boomers in 2023, with Atlanta boasting the greatest number of such loans
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
$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.