Contact us for instant answers.

We invite you to experience the Birchwood difference. Fill out the form to the right and a representative will contact you with more information.

Bigger, Better, Newer: The Top Housing Trends for 2021


With 2020 coming to a close, it’s time to really start thinking about what 2021 will bring, especially when it comes to what homebuyers want. has released the top 10 home trends for the coming year, each likely to increase in popularity as the months go on.

What Mortgage Lenders Can Expect From 2021 Profit Margins


The bottom line among mortgage lenders is not exactly sizzling lately. For the next three months, the outlook for profitability dipped from last quarter, according to Fannie Mae's Q4 2020 Mortgage Lender Sentiment Survey. In fact, a larger chunk of lenders now envisions profit margins receding even further.

Why Have Pending Home Sales Declined?


The National Association for Realtors (NAR) released its latest Pending Home Sales Index for October today, showing that pending home sales experienced a slight decline in last month, dropping by 1.1% from September.

Freddie Mac Loans on Track for Big Annual Increase


The latest monthly volume report from Freddie Mac found a growing mortgage portfolio and a declining level of single-family delinquencies.

Fannie Mae Suggests Strong Housing Market Will Continue


The near-future state of the U.S. economy is predicated on how policymakers and the public respond to the increasing number of COVID-19 cases, according to the latest commentary from the Fannie Mae Economic and Strategic Research (ESR) Group.

Why Is Housing Affordability Declining?


The National Association of Home Builders (NAHB) reported that housing affordability declined during the third quarter of 2020, according to the NAHB/Wells Fargo Housing Opportunity Index (HOI).

30-Year Fixed-Rate Mortgage Hits Record Low


Freddie Mac announced that the 30-year fixed-rate mortgage (FRM) has reached its lowest rate since the government-sponsored enterprise began publishing its Primary Mortgage Market Survey (PMMS) in 1971.

COVID-19’s Impact on Home Seller Sentiment


The competition among homebuyers is intense and home prices have been soaring in recent months. The cause of this heated competition and rising prices is the short supply of homes for sale. This lack of inventory has been prevalent across the country since COVID-19.

FHA Updates Forbearance Deadline


The Federal Housing Administration (FHA) and U.S. Department of Housing and Urban Development (HUD) today announced it is extending the date for single family homeowners with FHA-insured mortgages to request an initial forbearance from their mortgage servicer to defer their mortgage payments for up to six months.

How Some Mortgage Loan Applications Are Defying Trends


The Mortgage Bankers Association (MBA) reported that there was a 0.7% decrease in mortgage application volume on a seasonally adjusted basis for the week ending on October 9, 2020 from the previous week. This was a 1% decrease on an unadjusted basis.


Connect with us:

© Birchwood Credit Services 2021. Web Development by CommonPlaces Interactive

Contact|Privacy Policy|Site Map|Security & Technology