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Coming Up:
Freedom Mortgage’s Stanley Middleman Buying Into MLB’s Phillies
He joins UWM’s Mat Ishbia, Rocket’s Dan Gilbert in pro sports owners’ suites.
Slip-Sliding Away: Mortgage Credit Availability Falls For 3rd Straight Month
Mortgage Credit Availability Drops Again, Leaving Borrowers High and Dry
Comerica Waves Goodbye to Mortgage Banker Finance Business
Says move will improve liquidity and loan-to-deposit ratio.
Annual Inflation Slows To 4% In May
Core inflation rose 5.3%, raising speculation the Fed will pause rate hikes in June but resume them in July.
2023 Legends of Lending
In this issue, we also introduce you to the Legends of Lending. These 19 men and women have each made significant contributions to the mortgage industry.
Mortgage Banker
Home Prices Rise As Buyers Outnumber Sellers: Zillow
Monthly home value growth of 1.4% is the highest since June 2022.
May Rate Locks See Modest Rise
Black Knight says locks remain suppressed by high rates, lack of inventory.
GOP Bill To Repeal New GSE Pricing Framework Advances
Legislation would restore single-family pricing framework to what existed before May 1, 2023.
MBA: Mortgage Rates To Fall As Spread Shrinks
Economists tell real estate editors to expect some improvement in the housing market in 2024.