by mdibrino@hqmloans.com | Apr 28, 2023 | Uncategorized
According to CoreLogic, annual home prices in February posted a 2% annual gain, down from 3.8% in January – marking the 10th consecutive month of decelerating home price growth. “Nevertheless, compared to January, the index posted a first monthly gain in...
by mdibrino@hqmloans.com | Apr 28, 2023 | Uncategorized
Kate Wood, home expert at NerdWallet, noted that it’s not a tremendous surprise. “Mortgage interest rates rose in March, so it makes sense that fewer buyers signed contracts,” she said. “Affordability is already a major challenge due to higher...
by mdibrino@hqmloans.com | Apr 28, 2023 | Uncategorized
PMT’s correspondent segment, which acquires newly originated loans from correspondent sellers and typically sells or securitizes the loans, saw a pretax income of $1.8 million. That’s down from $7.1 million in the previous quarter. The firm acquired $20.2...
by mdibrino@hqmloans.com | Apr 28, 2023 | Uncategorized
MISMO has started to recruit participants for the workgroup, which will initially focus on a “discovery phase” that will focus on analyzing and developing standards for reverse mortgages. The phase also involves establishing initial priorities and a...
by mdibrino@hqmloans.com | Apr 28, 2023 | Uncategorized
Using mortgage pipeline hedging as a tactic to mitigate risk & maximize returns | Mortgage Professional White Papers The mortgage market is full of risks and uncertainty. When dealing with such a volatile market, it’s important to understand the strategies you can...
