Economy

While clients are uneasy about the spread of coronavirus, Kelly King touted the added volume his company has seen from lower rates.

Nearly all the main components of home sale statistics on Hawaii island and Kauai rose last month, according to a report released last week.

Mortgage companies that borrow heavily to keep their operations running may face financial pressure from coronavirus-related market volatility as it affects the valuations of collateral securing their financing.

Canadian housing starts remained at elevated levels in February, amid strength in the detached-home market.

Mortgage rates, which fell to a 50-year low last week, are keeping Oahu's real estate market relatively strong even as uncertainties mount over the economic impacts of coronavirus outbreaks.

The 10-year Treasury yield fell below 0.5% and the 30-year yield dropped under 0.9%, taking the whole U.S. yield curve below 1% for the first time in history.

Unity National Bank of Houston, which has reported losses three straight years, is receiving guidance and resources from Citigroup through a Treasury mentoring program.

Nonbank mortgage employment fell in January, but could subsequently surge as lenders seek to capture business while rates are low, the job outlook is favorable, and the coronavirus is contained.

The dollar amount of fix-and-flip properties purchased using financing reached a 13-year high in 2019, but the share of flips financed was lower year-over-year, according to Attom Data Solutions.

Fannie Mae completed its first two Credit Insurance Risk Transfer transactions of 2020, shifting $1 billion of single-family loan credit risk to insurers and reinsurers.