Many student loan borrowers are set to receive significant debt forgiveness. Though millennials often cite student loan debt as an obstacle to homeownership, industry analysts believe it will take time for the relief program to impact home sales.
Builder sentiment has declined for eight consecutive months, and it’s all related to housing affordability, said Robert Dietz, chief economist at the National Association of Home Builders.
Reali to close and hopes to sell its mortgage origination business; Sun West Mortgage launches cash-offer product with NFT component; delinquencies increase in July; Blend offers home-equity lending product; Fitch confident home prices won’t crash like in 2008; Staircase offers new origination tech.
Members of the housing finance industry welcomed signs of continued discussion with Ginnie Mae and the Federal Housing Finance Agency as they prepare for the agencies’ aligned capital requirements.
Correspondent originators are better at finding purchase-mortgage business, and that’s why the channel’s market share rose in the second quarter. Brokers saw the biggest decline. (Includes six data charts.)