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The 2022 origination outlook was dropped by $172 billion and for 2023, economists at the government-sponsored enterprise made a $226 billion reduction.
February 17
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Despite a slowing in the private-label securitization market in January, lenders and investors are expecting a strong year for outside-the-box originations and their secondary market sales.
February 17
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New U.S. home construction fell in January for the first time in four months, indicating pandemic-related labor absences and winter weather tempered recent progress on building activity.
February 17
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The 30-year average increased by 23 basis points on inflation, geopolitical news.
February 17
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Minutes of the Jan. 25-26 Federal Open Market Committee meeting, released Wednesday, “[tell] us that they will raise the fed funds rate in March, and that a 50 basis point rate hike is in play,” said Gus Faucher, chief economist for PNC Financial Services Group.
February 17
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A rise in reverse occupancy fraud is contributing to the uptick, a CoreLogic report found.
February 16
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The buyers spent an average of $433K per house and paid cash in three of every four purchases, Redfin reported.
February 16
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Credit availability also tightened in January, contributing to early 2022’s lending slowdown, according to the Mortgage Bankers Association.
February 16
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Current president Joe Nackashi will become CEO in place of Anthony Jabbour who will be taking the role of executive chairman.
February 15
