Mortgage growth has shrunk to a 17-year low in Canada, increasing pressure on the country’s big banks to find business elsewhere.
Inventory deficiency and affordability issues kept sales down and hampered home price growth, according to CoreLogic.
Home equity loans the Federal Housing Administration offers to older borrowers are in a better position now that the government shutdown has temporarily ended.
The hiring of a former GOP congressional aide suggests the bureau will continue to rely on political appointees in senior positions.
As 30-year fixed-rate mortgages rose 30 basis points year-over-year, non-QM originations are estimated to grow 400% in 2019.
The acting head of the Federal Housing Finance Agency has promised substantial changes for Fannie Mae and Freddie Mac, but the exact mechanics and timeline of an administration plan are still a mystery.
Property values have continued rising across the country, but six cities bucking the national trend are leading a shift in the housing market, which could lessen affordability hurdles for homebuyers, according to First American Financial Corp.