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Home sales fall in August despite the highest supply in over a decade
loantrust.ai

Home sales fall in August despite the highest supply in over a decade

Educational CNBC Real Estate reports that home sales slowed again in August even as inventory reached its highest level in more than a decade, a pairing that defies the usual supply-and-demand logic. Buyers are confronting more choices than they have had in years, yet transactions are not keeping

Hans Michel/ / 2 min read
Mortgage demand weakens as rates hit highest level in 15 months
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Mortgage demand weakens as rates hit highest level in 15 months

Educational Scotsman Guide reports that mortgage demand has continued to soften as rates climb to their highest point in fifteen months, extending a summer slump in application volumes that the Mortgage Bankers Association has been tracking through its weekly survey. The pattern is familiar: each upward tick in borrowing costs

Hans Michel/ / 2 min read
Pulte shakes up MBS market with VantageScore announcement
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Pulte shakes up MBS market with VantageScore announcement

Educational Scotsman Guide reports that FHFA Director Pulte is continuing his campaign to weave VantageScore into the mortgage ecosystem, a move that has now reached the mortgage-backed securities market. The announcement signals fresh momentum behind an alternative credit scoring model that could reshape how loan pools are evaluated and

Hans Michel/ / 2 min read
Rates Rise, Making the Mortgage Math Harder
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Rates Rise, Making the Mortgage Math Harder

Educational Zillow Research notes that mortgage rates have climbed from the 6% range seen this spring toward the upper end of their multi-year range this fall, a shift that arrives after the peak buying season has already passed. The combination of steady employment data and firmer oil prices has

Hans Michel/ / 2 min read
Mortgage Applications Decline for Sixth Straight Month in August
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Mortgage Applications Decline for Sixth Straight Month in August

Educational Writing in the NAHB Eye on Housing, mortgage application activity continued to decline in August as elevated US treasury yields pushed mortgage rates higher. The Mortgage Bankers Association's Market Composite Index, a measure of total mortgage application volume, declined 3.2% month-over-month in August on

Hans Michel/ / 2 min read
Housing Market Spotlight: When housing market signals don’t agree
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Housing Market Spotlight: When housing market signals don’t agree

Educational HousingWire notes that comparing new listings, pending sales, and active inventory can reveal when local housing market signals align and when a divergence warrants closer examination. When these three indicators move in different directions, buyers and sellers face uncertainty about whether conditions favor entering the market, holding back, or

Hans Michel/ / 2 min read
Q3 agency MBS lags targets as home equity, non-QM gain ground
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Q3 agency MBS lags targets as home equity, non-QM gain ground

Educational BREAKING — National Mortgage News reports that agency MBS issuance is trailing expectations for the third quarter, even as home equity and non-QM products pick up momentum. Analysts at BTIG expect mortgage origination volume across five major lenders—loanDepot, PennyMac Financial Services, Rithm, Rocket Cos., and UWM Holdings—to

Hans Michel/ / 2 min read
UWM drops high-balance LLPAs, extends Bullseye 90 pricing
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UWM drops high-balance LLPAs, extends Bullseye 90 pricing

Educational HousingWire reports that UWM has removed loan-level price adjustments on high-balance fixed-rate loans through October 30 and extended its Bullseye 90 pricing to include eligible jumbo products. The temporary elimination of LLPAs should ease pricing pressure on larger conforming loans, while the Bullseye 90 extension gives

Hans Michel/ / 2 min read
Schrager, Scheetz land $117M to refinance WeHo hotel amid full-scale rehab
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Schrager, Scheetz land $117M to refinance WeHo hotel amid full-scale rehab

Educational The Real Deal LA reports that Ian Schrager and Ed Scheetz have secured a $116.5 million bridge loan to refinance the Public Hotel West Hollywood, a 137-room property currently shuttered for full-scale rehabilitation. Driftwood Capital and Benefit Street Partners provided the financing for the asset at

Hans Michel/ / 2 min read