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Coming Up:
U.S. Bancorp Cutting Mortgage Staff
Bank has not said how many jobs will be cut.
First American: Existing-Home Sales May Have Hit Bottom
Potential Home Sales Model suggests sales pace will begin to settle into a new normal.
CMS Now Offering 40-Year Loans, Temporary Buydowns
Says its new offerings should help potential homebuyers, and especially first-time buyers.
Housing Starts Plunged 8% In June
Decline a surprise following report of growth in builder confidence.
Go Mortgage Sues Former Exec For ‘Corporate Sabotage’
Claims ex-director of capital markets cost company millions in financial losses.
Mortgage Applications Rise For 4th Straight Week
A decline in mortgage rates mostly boosted refinance applications.
Involuntary Bankruptcy Petition Halts Sprout Settlement
Creditors seek $1.35M from Sprout by filing Chapter 7 petition in New York court.
Despite Recession Fears, Forbearance Rates Drop In June
A resilient labor market drove forbearance rates lower, the MBA says.
Jul 18, 2023
Homebuilder Confidence In July Highest Since June 2022
NAHB/Wells Fargo index increases for 7th straight month.