Originations

The Ukraine-Russia conflict has caused volatility in mortgage rates and that is likely to attract more buyers into a tight housing market, the analysis found.

But recent rate drops in response to the Ukraine invasion and increases in broader employment suggest another uptick in housing finance payrolls is not out of the question.

While it was the largest quarter-to-quarter drop in three years, the percentage changes in dollar volume were more moderate, according to Attom Data Solutions.

Minus the adjustment made to account for stock price declines and goodwill, the company’s countercyclical mix of loan products was profitable, but secondary-market volatility presents a challenge ahead.

The effect of the conflict and upcoming Fed announcements have left much of the industry guessing about what happens next.

The grants are given directly to counseling agencies in a dollar-for-dollar amount up to $125,000.

Value can be found despite concurrent double-digit increases in both home values and rent rates in some of these cities.

The record in builder borrowing from banks stands in contrast to a period of pandemic-related disruption, but volume will likely remain below market demand unless President Biden can fulfill promises to reduce supply-chain disruptions.

The overall number of applications decreased for the fourth straight week, but average loan sizes headed back up, according to the Mortgage Bankers Association.

CoreLogic reported a 19.1% rise in annual appreciation but also noted that several of today’s hot markets are overvalued or at risk of declines.