Existing-home sales in the US accelerated to their fastest pace of the year in May, providing a dose of optimism after a tepid start of the spring selling season. Processing Content Contract closings rose 3.2% to an annualized rate of 4.17 million last month, according to data released Tuesday by the National Association of Realtors. […]
Existing-home sales jump to highest this year, top forecasts Read More »
Almost half of servicers have mixed views on whether affordability is their main challenge, according to a new Fitch Ratings report. Processing Content Nearly half of mortgage servicers at a recent roundtable the rating agency held identified it as such, in line with ongoing debate over how much of stress there is on loan performance
Servicers split on whether affordability is the top concern: Fitch Read More »
Rising mortgage rates led loan volume to shrink in May, while declining pull-throughs suggest some borrowers are changing plans in the midst of current volatility, according to the latest Market Advantage report from Optimal Blue. Processing Content The product-pricing engine and secondary trading platform reported mortgage lock volume down 5.4% on a monthly basis in
Falling pull-throughs signal borrowers closely watching rate moves Read More »