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Banking Sector Navigates Unsettling Waters

Amid unprecedented bank collapses, industry experts predict a recession but offer strategic tips for loan officers and mortgage companies to weather the storm.

Sales and Marketing
Jul 13, 2023
the interest
Redfin: For 1st Time In 5 Months Home-Sale Price Rises YOY

Elevated mortgage rates are cutting into homebuyers’ budgets.

Analysis and Data
Zillow: Home Values Hit Record Peak In June

But tide for buyers could be turning as homes take longer to sell.

Analysis and Data
Foreclosure Activity Up 13% In 1st Half Of ‘23

ATTOM report says filings are gradually approaching pre-pandemic levels.

Analysis and Data
Black Knight: Mortgage Rate Locks Edged Lower In June

Purchase lending accounted for 88.4% of rate locks in June, a record high.

Analysis and Data
Title Insurance Agency To End No-Poach Agreements, Pay $1M

Kensington Vanguard admits no wrongdoing in deal announced with N.Y. Attorney General's office.

Regulation and Compliance
UWM Expands Affordability Offerings For 1st-Time Buyers 

Offering Special Purpose Credit Programs for HomeReady and Freddie Mac’s BorrowSmart Geo-Target.

Sales and Marketing
Annual Inflation Drops to 3% In June, Lowest In 2 Years

The increase in the CPI is down from 9.1% at the same point last year.

Analysis and Data
Mortgage Applications Rise For 3rd Straight Week

MBA's Market Composite Index rose 0.9%, despite interest rates rising above 7%.

Analysis and Data