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As home flipping skyrockets, profit margins sink to 2009 levels

National Mortgage
Mortgage Finance
4 years ago

The share of resales by home flipping investors accelerated dramatically as 2022 got underway, but activity could be on the,.. Read More;

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Dudley Building Society sees mortgage lending jump threefold to

Mortgage Finance Gazette
Mortgage Finance
4 years ago

It says mortgage advances jumped more than threefold to £71.1m, while total mortgage assets lifted 1.1% to £410.5m compared to,.. Read More;

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Lennar starts cutting prices in cooling U.S. housing market

National Mortgage
Mortgage Finance
4 years ago

Lennar Corp. has started trimming prices and offering buyer incentives in some areas of the U.S. to bolster sales in,.. Read More;

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New record set for stamp duty receipts in year to June

Mortgage Finance Gazette
Mortgage Finance
4 years ago

This is a significant 47% increase on the same period last year, when the total raised was £4.2bn — according,.. Read More;

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Blog: Apple's advances in financial services is no surprise

Mortgage Finance Gazette
Mortgage Finance
4 years ago

So why is a hardware and software provider moving into the Buy Now, Pay Later (BNPL) market? The iPhone is,.. Read More;

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Business confidence falls sharply in June: S&P Global/CIPS

Mortgage Finance Gazette
Mortgage Finance
4 years ago

The fall of 4.6 points was the largest monthly decline since the start of the pandemic. The closely-watched survey says: “Worries,.. Read More;

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GAO: Fair-lending examinations at OCC lacking

National Mortgage
Mortgage Finance
4 years ago

The Office of the Comptroller of the Currency’s examination process on fair-lending practices is outdated, according to a new report,.. Read More;

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Republicans seek delays to housing bills, citing inflation

National Mortgage
Mortgage Finance
4 years ago

“How does establishing a $100 billion down-payment assistance program keep housing costs down, or not exacerbate inflation?" Rep. Patrick McHenry,,.. Read More;

post

Increased hurricane damages likely in 2022

National Mortgage
Mortgage Finance
4 years ago

Expectations of a more active hurricane season, driven by climate change, contributed to a year-over-year increase in CoreLogic's reconstruction cost,.. Read More;

post

Mortgage activity increases for second straight week

National Mortgage
Mortgage Finance
4 years ago

After mortgage applications had been coming in at their most sluggish pace in years, activity increased for two consecutive weeks.,.. Read More;

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First-mortgage default rate rises to high not seen since March 2021

National Mortgage
Mortgage Finance
4 years ago

The rate at which traditional mortgage accounts went into default rose another notch in May to a high not seen,.. Read More;

post

Powell sees ongoing Fed rate hikes needed to tame hot inflation

National Mortgage
Mortgage Finance
4 years ago

Federal Reserve Chair Jerome Powell said the central bank will keep raising interest rates to tame inflation following the steepest,.. Read More;

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