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Freddie Mac Launches New Credit Learning Experience


Freddie Mac has announced its new CreditSmart financial capability curriculum, aimed at helping consumers learn about the importance of building, maintaining, and using credit so they can take control of their financial future. 

Millennials Drive Competitive Purchase Market


The percentage of purchase activity to total closed loans among applicants born 1980-1999 increased for the third consecutive month, according to the ICE Mortgage Technology Millennial Tracker.

Housing a ‘Meaningful Driver of Inflation’ into 2022


Home sales and prices, new construction, supply and demand issues, and related metrics are big players in the overall economic outlook, according to economists at Fannie Mae, who say housing is poised to become a "meaningful driver of inflation" over the next year and a half.

Rate Locks Down Across All Mortgage Products


Despite very low and steadily holding mortgage rates, overall rate locks—particularly rate/term refinances—were still down across the board in May, due primarily to low inventory, according to the latest Black Knight Originations Market Monitor report.

Purchase Activity Shows Signs of Slowdown


Is the stress of achieving the American dream of homeownership finally getting to a nation of homebuyers?

Inventory Shortages Hinder Existing-Home Sales


Existing-home sales dropped again in April, marking the third month in a row of decline, according to the latest numbers from National Association of Realtors (NAR).

Birchwood Credit Services and NEMBC Help Provide Wounded Vet Housing


Birchwood Credit Services, a national provider of mortgage credit reporting services, is giving back to the community with a donation match in conjunction with the New England Mortgage Banker's Conference resulting in $68,959 to support Homes for Our Troops' mission to build and donate specially adapted custom housing for severely injured post-9/11 veterans.

Homebuying Sentiment Turns Net Negative


A serious dearth of inventory is making the prospect of home shopping and homebuying too daunting for a majority of Americans today, according to Fannie Mae's National Housing Survey. In fact, consumers' pessimism toward homebuying conditions in April set a survey record.

Housing Demand Hastens Sales

05.05.2021 reports that the number of new home sellers rose in April compared to last year, when most cities had shelter-in-place orders in effect. However, with the number of new listings still nearly 26% below pre-pandemic levels, buyers saw little relief as the median U.S. home listing price moved 17.2% year-over-year to a new high of $375,000 and homes sold in just 43 days.

$1.67 Trillion in Purchase Originations Forecast for 2021


If Q1 was any indication, the housing market is experiencing a great start to the new year, as the Mortgage Bankers Association (MBA) has forecast that purchase originations are on track to grow 16.4% to a new record of $1.67 trillion.


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