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Lack of inventory cited as December 2021 home sales fall 3.6% from November and 11% from last year.
Home Partners of America launched its Choice Lease program aimed at addressing the affordable housing crisis and mortgage access challenges, that are faced by low-to-moderate-income families and underrepresented communities.
Kroll Bond Rating Agency assigned preliminary ratings to six classes of mortgage pass-through notes from OBX 2022-NQM1 Trust, a $556.7 million non-prime RMBS transaction.
Fitch Ratings assigned U.S. primary servicer ratings for non-QM lender A&D Mortgage LLC. The ratings provided show a stable outlook for the company.
The STACR 2022-DNA1 Reference Pool consists of 109,774 residential mortgage loans with an outstanding principal balance of approximately $33.6 billion as of the cut-off date.
Foreclosure starts and completions hit record lows nationwide.
Company says January is shaping up to be the most competitive month in housing history.
Zillow recently analyzed data from the Home Mortgage Disclosure Act and found that Black mortgage applicants are denied a mortgage 84% more often than white applicants.
The Mortgage Economic Review is a monthly summary of Key Economic Indicators, Data, and Events pertinent to Mortgage and Real Estate Professionals.
Nearly half of those planning to move (46%) hope to buy a home.