Industry Trends

In The NewsIndustry Trends

New Report Details Lending Trends

Cotality, a global property information, analytics, and data-enabled solutions provider, released its latest findings on the housing and mortgage markets. While the spring homebuying season is in full swing, homebuying activity continues to be challenged by elevated and volatile mortgage rates as well as affordability challenges resulting from surging costs of insurance and property taxes. These market dynamics are putting pressure on existing homeowners as well as future buyers. At the same time, pockets of homebuyers are benefiting from increased for-sale inventories and a slower rate of home price appreciation, particularly among condominium homes.

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In The NewsIndustry Trends

IMBs Post Net Production Profit For First Time In Two Years

Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a pre-tax net profit of $693 on each loan they originated in the second quarter of 2024, an increase from the reported loss of $645 per loan in the first quarter of 2024, according to the Mortgage Bankers Association’s (MBA) newly released Quarterly Mortgage Bankers Performance Report.

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In The NewsIndustry Trends

Six Lenders Ink Deals With Down Payment Resource Last Month To Offset Affordability Crisis

Down Payment Resource (DPR), a technology for connecting home buyers with homebuyer assistance programs, has onboarded six mortgage lenders this September. DPR’s expanded client base includes Elevations Credit Union, Embrace Home Loans, Homeowners Financial Group, HomeStreet Bank, RWM Home Loans and a regional bank. This significant milestone reflects the growing need for solutions that promote accessible and sustainable homeownership.

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