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Planet Home Lending has named Candice McNaught SVP of Business Development and Strategic Initiatives for the Distributed Retail sector. Having worked in the financial industry for more than 16 years, McNaught has experience hiring top-performing sales teams, implementing strategic initiatives, and increasing revenue.
Welcome - The MortgagePoint
Welcome to MortgagePoint! In our continuous effort to provide comprehensive and timely information, we've combined the strengths of DS News and MReport into one unified platform - MortgagePoint. This new platform offers a 360-degree view of the mortgage industry, including insights on loan origination, default servicing, and more.You will …
Examining 2024 Home Price Trends - The MortgagePoint
4 days ago · The October 2024 results for the S&P CoreLogic Case-Shiller Indices were issued today by the S&P Dow Jones Indices (S&P DJI). In October 2024, the leading indicator of U.S. home values had an annual growth of 3.6%— a modest …
Home Investors Pull Back as Rates and Prices Remain High
4 days ago · Stubbornly elevated mortgage rates and home prices are discouraging investor activity in the U.S. housing market. According to a new report from CoreLogic, while investor activity rose slightly between the second and third quarters of 2024, their market share remains below last year’s level—25% compared to 28% in 2023.CoreLogic predicts that investor market share will likely remain steady ...
Active Home Listings Hit Four-Year High - The MortgagePoint
Dec 30, 2024 · Redfin reports that active listings—the total number of homes for sale—climbed to the highest level since 2020 in November on a seasonally adjusted basis, rising 0.5% month-over-month, and 12.1% year-over-year. Redfin reports a major reason for the jump in housing supply is a pileup of unsold homes, many of which buyers have deemed undesirable because they …
Home Price Growth to Decelerate Over the Next 24 Months
Dec 6, 2024 · According to the Q4 2024 Fannie Mae Home Price Expectations Survey (HPES), following an average expectation for national home price growth of 5.2% in 2024, a panel of more than 100 housing experts forecasts home price growth to decelerate to 3.8% in 2025 and 3.6% in 2026.. The panel’s estimates of national home price growth represent an upward revision from last quarter’s expectations of 4 ...
Mortgage Payments Slip in September - The MortgagePoint
Oct 31, 2024 · Key Findings of MBA’s September 2024 Purchase Applications Payment Index (PAPI): The national median mortgage payment was $2,041 in September – down $16 from August.
Fed Cuts Interest Rate by a Half-Point - The MortgagePoint
Sep 18, 2024 · The decision by the Fed was nearly unanimous, with opposition coming from Michelle W. Bowman, member of the Board of Governors of the Federal Reserve System, who preferred a smaller 0.25% percentage point cut. “In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook,” said Powell.
Homeowners Stuck in ‘Housing Gridlock’ - The MortgagePoint
Oct 2, 2024 · Point’s findings show that 55% of homeowners who intended to move in the last year were unable to do so. High home prices remain the biggest barrier, with 51% of respondents saying it has delayed their plans. Another 48% indicated that moving would saddle them with a higher mortgage rate, making the prospect even more daunting.
New Home Purchase Applications Boast YoY Gains
Sep 18, 2024 · According to statistics from the August 2024 Builder Application Survey (BAS) by the Mortgage Bankers Association (MBA), there was a 4.4% rise in mortgage applications for the purchase of new homes as compared to the previous year. There was no decline in applications when compared to July 2024. There is no adjustment made for normal seasonal variations in …