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Coming Up:
Do Sellers Still Have The Edge?
Or has the market shifted toward the buyers?
Aug 09, 2022
UWM's Q2 Profit Up YOY, Despite Steep Drop In Originations
Q2 net income was up 55% from last year, while originations were down nearly 50% YOY
Mortgage Credit Availability Hits Lowest Level Since 2013
Drop driven by lenders streamlining offerings; jumbo credit drops 13.4%.
Foreclosure Filings Down Monthly, But Up Annually
Attom reports 4% decrease in July, but a 143% jump from a year ago.
Increasing Number Of Homes On The Market Longer
Redfin reports that 61.2% were listed for at least 30 days, up from 54.4% a year earlier.
Housing Inventory Rose At Record Annual Pace In July
Realtor.com says home shoppers had more actively listed options year over year for the third straight month.
Cenlar Appoints New Chairman, Co-CEOs
Dave Applegate, the new board chair, played a major role in launch of UMBS.
What’s Next for Non-QM?
The market seems to have knocked the wind out of the Non-QM sector, but Angel Oak Companies remains bullish.
Aug 08, 2022