by mdibrino@hqmloans.com | Dec 1, 2022 | Uncategorized
Mortgage application volume dipped 0.8% over the Thanksgiving holiday, according to data from the Mortgage Bankers Association’s latest survey. Overall mortgage applications in the US dropped 0.8% on a seasonally adjusted basis for the week ending November 25. When...
by mdibrino@hqmloans.com | Dec 1, 2022 | Uncategorized
Read next: Mortgage downturn: taking the long view The Northeast PHSI sank to 68.7 in October, down 4.3% from last month and 29.5% from a year ago. The South PHSI dropped to 90.6 (-6.4% month over month and -38.2% year over year), and the West index plunged to 55.6...
by mdibrino@hqmloans.com | Dec 1, 2022 | Uncategorized
The Oakleaf Group, a mortgage consulting firm specializing in regulatory compliance, has announced the appointment of Michael Ehms as managing director of business development. With 25 years of experience in the financial services industry, Ehms will lead the business...
by mdibrino@hqmloans.com | Nov 30, 2022 | Uncategorized
On a positive note: “Many loans with longer maturities, say seven-to-10 years, may be maturing in an interest rate environment similar to that when the loan was originated. As always, the impact is property by property, market by market,” Rubin said. “During the past...
by mdibrino@hqmloans.com | Nov 30, 2022 | Uncategorized
The Federal Housing Finance Agency (FHFA) has raised the 2023 baseline conforming loan limit (CLL) in most of the United States due to the home value growth surge seen in 2022. That means Fannie and Freddie will be able to purchase mortgages up to $726,200 in 2023 – a...
