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Coming Up:
Fannie Mae: Recession Still Expected For 2023
The GSE says a modest recession is expected to enter and exit throughout 2023, with home sales rebounding in the end of Q2 2023
Potential Home Sales Plunge YOY In October
First American says housing market will stabilize in 2023 once mortgage rates peak.
Non-QM Lender Newrez Offers Temporary Buydowns
Options offer borrowers a reduced interest rate in first years of a loan.
Independent Mortgage Bank Loan Losses Increase Almost Eight-Fold
MBA says servicing continues to be the silver lining for IMBs.
When Is the Right Time To Buy?
Homebuyers are confused by the volatile market
Sales of Existing Homes Slump For 9th Straight Month
October sales fell 5.9% from September, and are down 28.4% year over year.
A Third Of Homebuyers Don't 'Shop Around' For A Mortgage
Fannie Mae survey found that 36% of recent homebuyers sought just 1 mortgage quote.
Nations Lending Opens New Branch in South Carolina
Company taps Hunter Jackson to lead and serve the greater Charleston area.
Redfin: Big Rate Drop A Boost For Buyers
Mortgage rates dropping from over 7% to 6.6% this week means homebuyers have more money available.