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The number of product offerings stayed at a level last seen in 2014 as slight gains in government and jumbo loans were offset by fewer conventional mortgages coming on the market.
March 9 -
But the average amount for a purchase loan increased to an all-time high, showing the upper end of the housing market remains strong.
February 10 -
Upcoming changes to underwriting regulations, as well as the end of the QM patch, in addition to growing home values, all add up for this market to have a good year.
January 19 -
Loan originations hit a record $16.7 billion in the fourth quarter, though executives caution that a recent rise in mortgage rates could slow refinancing activity.
January 14 -
The pool of 359 loans also on average carry higher balances (over $900,000) compared to the REIT's earlier pass-through deal this year.
December 14 -
But existing deals are likely to experience issues resulting from higher defaults, faster prepayment speeds.
December 9 -
In November, more loan products were being offered both at the upper and lower ends of the market.
December 8 -
Lenders also increased jumbo product availability as well as rolling out new SOFR-indexed ARMs.
November 16 -
The vibe is pre-COVID San Francisco: Airpods, electric scooters, coffee-shop coworking and cash offers for million-dollar homes.
September 18 -
Uncertainties in the job market drove mortgage credit availability down again, falling to the lowest point since March 2014, according to the Mortgage Bankers Association.
September 10