by mdibrino@hqmloans.com | May 1, 2023 | Uncategorized
Patti Brown-Wright, President of Columbus Realtors, noted that while rising home prices could pose challenges for potential buyers, Columbus remains one of the most affordable metropolitan areas in the US. Brown-Wright said, “Home prices continue to tick up each month...
by mdibrino@hqmloans.com | Apr 28, 2023 | Uncategorized
The days for that “sweet spot” are numbered. You could also call it a rate hack Nate Fain, branch manager at UMortgage in Pensacola, Fla., echoed Richardson’s assessment of the changes to the Fannie Mae and Freddie Mac single-family pricing frameworks, which take...
by mdibrino@hqmloans.com | Apr 28, 2023 | Uncategorized
According to CoreLogic, annual home prices in February posted a 2% annual gain, down from 3.8% in January – marking the 10th consecutive month of decelerating home price growth. “Nevertheless, compared to January, the index posted a first monthly gain in...
by mdibrino@hqmloans.com | Apr 28, 2023 | Uncategorized
Kate Wood, home expert at NerdWallet, noted that it’s not a tremendous surprise. “Mortgage interest rates rose in March, so it makes sense that fewer buyers signed contracts,” she said. “Affordability is already a major challenge due to higher...
by mdibrino@hqmloans.com | Apr 28, 2023 | Uncategorized
PMT’s correspondent segment, which acquires newly originated loans from correspondent sellers and typically sells or securitizes the loans, saw a pretax income of $1.8 million. That’s down from $7.1 million in the previous quarter. The firm acquired $20.2...
by mdibrino@hqmloans.com | Apr 28, 2023 | Uncategorized
MISMO has started to recruit participants for the workgroup, which will initially focus on a “discovery phase” that will focus on analyzing and developing standards for reverse mortgages. The phase also involves establishing initial priorities and a...
