Serious mortgage delinquency rates hit lowest level since late 1990s

By: ameer@trustedteam.com

However, serious delinquencies (90 days or more past due, including loans in foreclosure) decreased to 0.9%, down from 1.2% in August 2022 and significantly lower than the 4.3% high...

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TPO Go strengthens sales team with veteran account executives

By: ameer@trustedteam.com

Adam Millstein, vice president and national sales manager, commented: “I’ve been associated professionally with Katie, Kim and Brice for many years. Their passion for this business is evident, and...

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Industry leaders applaud Biden’s plans to transform empty offices into homes

By: ameer@trustedteam.com

Broeksmit further addressed the current challenges faced by housing providers, such as high-interest rates and escalating labor and construction costs, against the backdrop of an inadequate housing supply. He...

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The upside of 8% mortgage rates? More inventory

By: ameer@trustedteam.com

Weekly housing inventory data Even though I haven’t been able to hit my target level of 11,000 -17,000 weekly inventory growth levels in 2023 with higher rates, it is clear...

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Pennymac reports correspondent gains due to bank proposal

By: ameer@trustedteam.com

While proposed capital rules for banks with assets of $100 billion or more have raised concerns for some nondepositories in terms of their potential impact on funding sources, they...

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All-cash home purchases are on an upward trend

By: ameer@trustedteam.com

With existing inventory scarce, all-cash purchases are rising, with a notable bump occurring in the new-home market, according to third-quarter data.The share of new single-family constructions bought with cash...

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The Fed may not hike interest rates next week, but consumers are unlikely to feel any relief

By: ameer@trustedteam.com

The Federal Reserve is expected to announce no rate hike at the end of its two-day meeting next week. Consumers will still feel the effects of higher rates and persistent inflation. Here’s...

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Selected fixed rate cuts from Coventry

By: ameer@trustedteam.com

Coventry for intermediaries has reduced selected fixed rate residential deals, with some rates reducing by up to 23bps. Two, three and five-year fixed rate options at 65–95% loan to value...

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Comment: Home help -where is it?

By: ameer@trustedteam.com

When it comes to housing policy, we would all welcome a bit more clarity and consistency. In their absence, rumour and speculation perhaps are inevitable. But some rumours appear to...

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Building on the success of MFG Rated for Service Awards

By: ameer@trustedteam.com

Mortgage Strategy is again partnering with Mortgage Finance Gazette and The Openwork Partnership to bring you MFG Rated for Service Awards 2023-24. This is the only annual service awards...

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