A growing number of home sellers have been forced to readjust their home prices in recent weeks. According to Redfin, an estimated 6.1% of homes for sale during the four weeks leading to June 19, asked for a price drop – a record high as far back as the data goes, through the start of 2015. That comes as… Read More »
“If they really want to sound like they are committed to price stability, selling MBS could be something to explore,” said Priya Misra, head of global rates strategy at TD Securities, by phone, about the Fed’s $2.7 trillion holdings of mortgage-backed securities. “But I don’t think they will,” she added. Instead, Misra expects the Fed to first use higher rates… Read More »
The fate of the housing boom is on the minds of both homeowners and homebuyers these days. Will record home values lead to a crash reminiscent of the one that made the Great Recession so painful? Or will prices simply take a breather from their torrid pace of appreciation? No one knows — not even the world’s most… Read More »
The U.S. economy is starting to show signs of softening demand, which if continued, could make the case for a slightly less aggressive interest rate hike in July, Philadelphia Federal Reserve President Patrick Harker said Wednesday. “We are, again, starting to see some signs of demand softening, which is exactly what we want,” Harker told Yahoo Finance’s Brian… Read More »
The total affected will be more than 1,000 US workers, with about half moved to different divisions within the bank, according to people familiar with the matter who asked not to be identified discussing personnel matters. “Our staffing decision this week was a result of cyclical changes in the mortgage market,” a JPMorgan spokesperson said in a statement… Read More »
There is a shift happening in the housing market. After more than a year of soaring demand, exploding home prices and increasing real estate sales, the market finally seems to be cooling off. “The housing market isn’t crashing, but it is experiencing a hangover as it comes down from an unsustainable high,” said Taylor Marr, Redfin deputy chief… Read More »
Wednesday’s decision by the Federal Reserve to hike interest rates by 75 basis points was its biggest hike since 1994, and economists are starting to digest what a paradigm change it is. One of the world’s most prominent Fed watchers, Mohamed El-Erian, chief economic adviser of financial services firm Allianz and president of Queens’ College at Cambridge, says it’s part… Read More »
Another industry sales and customer experience leader joins the company’s team. Washington, D.C., – June 14, 2022 – Appraisal Logistics, a leading provider of high quality appraisal management technology and compliance solutions for the residential/commercial mortgage industry, announced today that Nicholas Turansky, an industry veteran with nearly 20 years of experience, has joined the company as National… Read More »
Industry sales and marketing leader joins team for new business development. Washington, D.C., – June 7, 2022 – Appraisal Logistics, a leading provider of high quality appraisal management technology and compliance solutions for the residential/commercial mortgage industry, announced today that Anthony Savala, an industry veteran with nearly 20 years of experience has joined the company as Senior Vice… Read More »