Posts Tagged ‘record’

Jann Swanson May 15, 2020 The Mortgage Bankers Association (MBA) says applications for financing new home purchases were down 25 percent in April compared to March and by 12 percent year-over-year. This data from MBA’s Builder Application Survey (BAS) does not include any adjustment for typical seasonal patterns. “New home purchase applications severely weakened in April, which…

MBA Newslinks May 12, 2020 Redfin, Seattle, said new listings and home sales are seeing early signs of recovery in U.S. housing market, even as some cities struggle to flatten the coronavirus curve. The report found that in areas where real estate has been deemed an “essential service,” both housing supply and demand is beginning…

Daniel Bortz April 30, 2020 Baltimore realtor Nicole Callender had five homes scheduled to hit the market April 1. Then the coronavirus struck and all of her clients decided to postpone. Now with home sales picking back up in the last two weeks, Callender is urging sellers to move forward, betting that life — and…

Three prominent mortgage industry leaders predict pent-up demand and a still-percolating purchase market will blossom in the post-pandemic weeks Phil Hall April 24, 2020 The challenges facing the mortgage industry were raised by three prominent industry leaders during a webinar sponsored by the National Association of Minority Mortgage Brokers of America. Kristy Fercho, president of mortgage…

Julia Falcon April 20, 2020 During a time when we are told to stay home for our own good, there are still home shoppers out there. But how are they shopping? According to a survey from Realtor.com, about 25% of shoppers say they would buy a home without even stepping foot in it. As more people are…

Mike Sorohan April 22, 2020 Several reports this week suggest despite the crippling effect the coronavirus has had on the spring housing market, home prices continue to increase. Below is a quick summary: Radian: Home Prices Up 5.8% Annually in March Radian, Philadelphia, said its Home Price Index showed home prices across the United States…

Alicia Adamczyk April 17, 2020 CNBC Make It is posting a new financial task to tackle each day for a month. These are all meant to be simple, time-sensitive activities to take your mind off of the news for a moment and, hopefully, put you on sturdier financial footing. This is day 10 of 30. Only…

MBA Newslinks April 16, 2020 The Federal Housing Finance Agency and the Consumer Financial Protection Bureau announced the Borrower Protection Program, a joint initiative that enables CFPB and FHFA to share servicing information to protect borrowers during the coronavirus national emergency. Under the program, the CFPB will make complaint information and analytical tools available to…

David Stevens April 10, 2020 This has been an alarming thing to watch play out in real time. In the middle of a global pandemic, the administration and Congress passed sweeping legislation that could rock the foundation of the nation’s nonbank mortgage servicing for years to come. And while all of us “arm chair quarterbacks”…

Sarah Wheeler April 1, 2020 New York state announced Wednesday that it will allow those in real estate to resume providing some services, such as in-person showings, appraisals and inspections, something that had been forbidden by New York’s stay-at-home order on March 22. The Real Deal reported late Wednesday that New York Gov. Andrew Cuomo’s administration reversed…