A report from Mortgage Orb. "For the fifth consecutive quarter, a plurality of mortgage lenders expect near-term profitability to decrease, according to Fannie Mae's Q4 2021 Mortgage Lender Sentiment Survey. 'Mortgage lenders’ profitability outlook has significantly weakened over the past…
A report from Inside Nova in Virginia. "'Demand fell for each type of home in November,' Bright MLS analysts said. 'The higher-priced single-family segment posted the largest drop, but still recorded ‘Moderate’ demand.' Median home prices also were up, although…
A report from San Diego News in California. "MARKET REPORT (single family). 92115 College Area: The median November home price dropped 7% from October to $814,125. 92119 San Carlos: The median November sales price dropped 5% from October to an…
A press release from the Coronado Times. "Record home price appreciation in the last few years has pushed tappable home equity to new heights! According to Black Knight, the third quarter of 2021 saw a nearly $250 billion increase in…
A report from the News Press in Florida. "To date, the number of new listings that came to the Bonita Springs and Estero markets in 2021 was 270, which was higher than the 193 total listings that came to market…
A weekend topic starting with my comment this week. "We really need to stop playing along with the globalist scum media narratives." From Bloomberg. "On a technical basis, Bitcoin is seen by some analysts as being caught in a no…
It's Friday desk clearing time for this blogger. "Christian Chapman, a former underwriter at Better.com, has worked in the mortgage business for almost 20 years and has been laid off by three other mortgage companies in the past. However, none…
A report from the Daily Mail. "In his three-minute call, Vishal Garg CEO of mortgage lender Better.com Vishal Garg, said that the 'market has changed' - meaning savage cuts to the $7 billion company's workforce were needed to avert disaster.…
A report from the New York Post. "Better.com became a pandemic darling as city dwellers sought to flee to greener and larger spaces in the suburbs, fueling a boom in the housing market and associated lenders. CEO Vishal Garg laid…
A report from the Oklahoman. "Prices for new homes are outpacing appraisals, busting purchase contracts if buyers and builders can't come to terms and fill the financing gap. Metro-area Realtors discussion mentioned appraised values for new homes falling short of…