Housing Wire
MARCH 26, 2024
Then, the housing market takes off like a rocket with home values exceeding all expectations. As the person relaxes on the couch watching television at night, they occasionally check the current value of their home and do a rough calculation of the amount of equity that they have accrued. It comforts them for a brief moment.
Housing Wire
MARCH 10, 2023
Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. billion in the fourth quarter of 2021,” a recent market assessment by ATTOM shows.
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Housing Wire
NOVEMBER 14, 2023
Total mortgage delinquencies rose slightly in the third quarter of 2023 as the job market cools and inflation puts more pressure on homeowners. The increase was driven entirely by a rise in earliest-stage delinquencies – those 30-days and 60-days past due.
Housing Wire
APRIL 26, 2024
The data provider examined all stages of delinquencies to gain a complete view of the mortgage market and loan performance health. Early-stage delinquencies (mortgages 30 to 59 days past due), accounted for 1.5% home equity , which was up by $1.3 of all mortgages in February, up 10 basis points year over year.
Housing Wire
FEBRUARY 16, 2023
While recent indicators pointed to resilience in the job market, the MBA forecasts slower hiring and rising unemployment, with the interest rates hitting 5.2% Nonfarm payrolls increased by 517,000 jobs in January from December — far higher than the 187,000 market estimate. by the end of 2023. The unemployment rate declined to 3.4%
Housing Wire
DECEMBER 16, 2022
The last year has been a completely split housing market — one that started with the lowest inventory NAR has recorded dating back to 1999 and one with low mortgage rates. The market has now faced a contraction in existing-homes sales for nine consecutive months, while home prices and rates rise.
Housing Wire
FEBRUARY 3, 2022
Denver-based Incenter’s managing director, Tom Pierc y, said he expects the rising tide of business to continue for the foreseeable future, so long as the housing market is swept up in a rising-rate environment — prompting holders of MSRs to sell the assets. And they are implementing that into their institutional valuation of the MSR assets.
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