The onset of COVID-19 pandemic in March 2020 set off a wave of domestic migration that reoriented housing markets across the country, turning some metro areas into boomtowns and sinking a number of others. The prevailing narrative around this phenomenon took on a life of its own — a mass exodus from urban cities in […]
Where does the housing market stand 5 years after the ‘flight to the suburbs’? Read More »
Mortgage rates began the day perfectly in line with yesterday’s latest levels for the average lender. By the afternoon, the underlying bond market had lost enough ground that a handful of lenders were forced to issue mid-day reprices thus taking the average just a bit higher. Unlike the past few days, there wasn’t a highly
Mortgage Rates Little Changed, But Friday Could See a Bigger Move Read More »
The Department of Housing and Urban Development’s own counsel is reportedly concerned that Trump administration-induced staff cuts could disrupt mortgage operations and increase fraud and litigation risks. The revelations stem from an internal HUD document seen by Bloomberg Citylab, according to an article published Thursday. Staff departures at the regulator could allegedly “greatly delay”‘ or
HUD memo reportedly warns of staff cut impact on mortgages Read More »