The fix-and-flip market has seen a boom in recent years, with more than 407,000 homes flipped in 2022, a 14% increase from 2021 and a 58% increase from 2020,...
Read MoreThe labor market is moderating gracefully, but conditions remain too hot for the Fed’s liking. Job gains were relatively solid yet again in June, with total nonfarm payroll employment...
Read MoreFrom the St. Louis Fed: Initial claims for unemployment insurance benefits increased by 12,000 in the week ended July 1, to 248,000. The four-week moving average fell, to 253,250. Mortgage...
Read MoreThe Federal Housing Finance Administration is looking to make it easier to put entities and people into its Suspended Counterparty Program, a proposed rule change states.This would require Fannie...
Read MoreWhile the year got off to a rocky start for Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS), issuance in June was at the highest point for 2023. While that’s...
Read MoreThe creation of 60,000 new jobs in June wasn’t enough to keep the national unemployment rate from rising to a seven-month high. The June employment report released by Statistics...
Read MoreBond yields ended the week sharply higher, flirting with a key technical level of 4% following the release of overall strong employment data in both Canada and the U.S. In...
Read MoreHousebuilder MJ Gleeson said it sold 1,723 homes over the last year, a 13.8% fall on the previous 12 months, “reflecting the downturn in the wider economy and the...
Read MoreHSBC will halt new residential applications through brokers at 5pm today (7 July). The high street lender says it will come back with higher new rates on Monday morning....
Read MoreDudley Building Society has reported 58% increase in new mortgage lending following a year of growth across the business. Mortgage lending before repayments totalled £112.3m in 2022/23 – the society’s...
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