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July Sees Slight Uptick In Home Sales, But Market Remains Tentative

Buyers cautious amidst high mortgage rates and limited inventory; Redfin reports year's highest sales yet 15.7% below 2022 numbers.

Analysis and Data
Townstone Financial Responds to CFPB's Redlining Suit Appeal

Industry attorneys forecast uphill battle for bureau which lost at district court level.

Courts
Out With The Old

NextUs Lending is now rebranded as Brokers Advantage Mortgage

Non-QM
Freddie Mac: 30-Year Fixed Mortgage Rates Skyrocket to 7.23%

As the housing market grapples with high rates and scarce supply, Sam Khater, Freddie Mac's chief economist, warns of a potentially prolonged uphill journey.

Analysis and Data
New American Funding Welcomes New Chief Marketing Officer

Addition of Andrew Strickman enhances leadership team to navigate expansion and brand evolution in the mortgage landscape.

People On The Move
Homebuyers Losing Purchasing Power Due To High Rates

Homebuyer on a $3,000 monthly budget lost $71k in purchasing power since August 2022, Redfin reports

Analysis and Data
Aug 24, 2023
the interest
Homeownership Affordability Sees Slight Reprieve In July Amid Broader Challenges

While short-term stability persists, Atlanta Fed's index shows a downward trend, raising concerns as housing affordability dips below 2006 levels.

Analysis and Data
Nomura Securities Enters Agreement Over RMBS Fraud

U.S.-based subsidiary of Nomura Holdings agrees to $35 million settlement and restitution with DOJ following investigation into fraudulent trading.

Courts
New Single-Family Home Sales Surge In July

New single-family home sales defy housing market trends in July 2023.

Analysis and Data