by mdibrino@hqmloans.com | Mar 24, 2023 | Uncategorized
Did Flagstar buy Signature Bank? “We know Signature Bank very well,” Lee Smith, senior executive vice president and president of mortgage at Flagstar Bank, told Mortgage Professional America during a telephone interview. “They operate in the New York market and...
by mdibrino@hqmloans.com | Mar 24, 2023 | Uncategorized
“As the commentary and economic projections suggest, we may be at or near the peak fed funds rate for this cycle,” Fratantoni said. “Inflation is still quite high, but it is slowing. And while the job market is still quite strong, it is weakening, as...
by mdibrino@hqmloans.com | Mar 24, 2023 | Uncategorized
Existing-home inventory remained near record lows at 980,000 units in February, according to data from the National Association of Realtors. Similarly, new single-family home inventory stood at 8.2 months’ supply, down for the fifth straight month in February....
by mdibrino@hqmloans.com | Mar 24, 2023 | Uncategorized
“Higher mortgage rates and home prices led to continued erosion in homebuyer affordability in February,” said Edward Seiler, MBA’s associate vice president of housing economics. “Many prospective homebuyers continue to feel this affordability...
by mdibrino@hqmloans.com | Mar 24, 2023 | Uncategorized
“FHFA and the enterprises recognize that updates to credit score requirements will necessitate coordination among many stakeholders, and FHFA will continue to promote transparency by providing regular updates,” the agency said in a statement. FHFA expects...
