Digital Mortgage Direct Page

Housing's unusually high appreciation rates have now slowed for three months straight, and the number of metropolitan areas that are considered overvalued keeps growing, according to CoreLogic.

Consumer demands for lower density and more affordable prices fueled a larger share of construction outside urban cores, but recent trends have led to slowdowns across the board.

Pam Smith is VP of account management at Corporate Synergies, a benefits consulting firm.

Ginnie Mae has constructed a perfectly counter-cyclical capital regime that would crush the government loan market if left unaltered, the chair of Whalen Global Advisors writes.

It's the third mortgage lender to pull back its business in the last month, and joins the ranks of dozens of industry firms also laying off an untold number of employees.

The company is acting nearly a month earlier than its competitors did in 2021, the first shot in this year's "loan limits wars."

Citigroup joined rivals in trimming the ranks of its mortgage workforce as rising interest rates continue to crimp demand in the housing market. 

Higher mortgage rates have led to a sharp slowdown in cash-out refinances. Second mortgages were up nearly 50% in the first five months of the year as homeowners looked for new ways to borrow against their equity.

As the GSEs enter their 15th year in conservatorship, shareholders are wondering when they'll get their company back.

Bond credit enhancement has benefited from historically higher-than-average prepayment speeds and low realized losses despite a COVID-related rise in delinquencies.