The lowest interest rates in nearly a year were not enough incentive to juice mortgage demand.
News Headlines
Feb
14
2019
The drop-off was primarily in applications to purchase a home. They fell 6 percent for the week and were 5 percent...
Mortgage Topic:
The lowest interest rates in nearly a year were not enough incentive to juice mortgage demand.
Jan
31
2019
“Affordability is getting worse,” he said. “We’re definitely in the first half of it.”
The NAHB/Wells Fargo Housing...
Mortgage Topic:
The nation’s housing affordability crisis might very well come to a head this year with Not In My Backyard proponents facing off against the foot soldiers of the Yes In My Backyard movement.
Jan
16
2019
What’s going on? Here’s how JPMorgan CFO Marianne Lake described it in her prepared remarks to analysts Wednesday: “...
Mortgage Topic:
With earnings from three of the four biggest banks in, one metric stands in sharp relief. Mortgage lending just keeps plunging.
Jan
07
2019
“Housing could be heading for its worst year since the last housing crash," Stack, 67, said in a phone interview. “...
Mortgage Topic:
James Stack, who predicted the 2008 real estate crash and nailed last year’s housing slowdown with uncanny timing, is back with some bad news for 2019.
Dec
26
2018
"We've seen periodic worries that they'd be moving much higher—both short-term with the Fed continuing to remove the...
Mortgage Topic:
However, while the stock market voices its concerns with rising rates as volatility and sell-offs rack the major indexes in December, this outlook could change again.
Dec
21
2018
Wells Fargo & Co. (WFC.N) has been hiring overseas after pledging to eliminate thousands of jobs, according to a...
Mortgage Topic:
Wells Fargo & Co. (WFC.N) has been hiring overseas after pledging to eliminate thousands of jobs, according to a Department of Labor investigation.
Dec
18
2018
The amounts people stood to make were extraordinary. Here’s how the math worked. The goal was for an individual...
Mortgage Topic:
The Growth Award was much discussed internally, says a former investment strategist at Wells, although not everyone was privy to the details of how it worked.
Dec
17
2018
“It’s going to be boring,” said Lawrence Yun, chief economist for the National Realtors Association, referring to 2019...
Mortgage Topic:
Home prices will increase moderately in 2019, but you won’t see prices soar. And while interest rates will increase, an uptick in wage growth will also help to encourage people to buy a home.
Dec
10
2018
“On average, homeowners saw their home equity increase again this quarter but not nearly as much as in previous...
Mortgage Topic:
Gains in homeowner equity slowed to their lowest level in two years, according to a new report, providing just the latest evidence of a cooling home real estate market.