2023: A year of retrenchment for the secondary mortgage market

As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates, steep home prices, scarce inventory and anemic mortgage originations, compared with the boom years of 2020 and 2021.It also has been a brutal year for the secondary market that creates liquidit
Read MoreUWM to offer discounted rates on government loan refis

Top U.S. mortgage lender United Wholesale Mortgage (UWM) is offering discounted rates on some government loans until January for brokers to create their own “refi boom,” the company announced on Wednesday. The initiative includes three new exclusive rates – 5.749% paying 1.5 points, 5.999% paying 2
Read MoreDataDigest: Breaking down housing economists’ 2024 forecasts

As 2023 draws to a close, housing professionals hope for relief from the high mortgage rates, terrible inventory levels and slow sales that characterized the year.They may find that relief for mortgage rates next year, according to forecasts from various industry experts compiled by HousingWire. Sal
Read MoreArgyle partners with Dark Matter Technologies on income, employment verifications

Verifications provider Argyle announced an integration with the Exchange, an interconnected network of mortgage-specific service providers available to customers of the Empower loan origination system (LOS) from Dark Matter Technologies.The collaboration is aimed to make it easier for lenders to ord
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