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Mortgage News Daily

Carrington ready for return of non-QM market

Carrington Mortgage Services says it’s ready for the return of the non-agency market. The company is offering a suite of non-agency products through its retail, wholesale and correspondent lending channels, it announced recently. “At Carrington, we have been looking forward to the day the marketplace returned for non-agency products, and we know how important it …

Mortgage News Daily

Ohio home sales rose in August, as low rates fuel strong market

Ohio home sales were up 4.2% in August from the same month a year ago, another sign that the fallout from the coronavirus pandemic may be fueling a competitive housing market. Numbers released by the Ohio Realtors trade association showed that 16,311 homes were sold last month, compared to 15,656 homes sold in August 2019. …

Mortgage News Daily

Housing market bounces back, pushes up Chattanooga median prices

Chattanooga, Tenn., home sales continued last month to rebound from the coronavirus-spurred slump in the spring, boosting the median price of homes sold during August to an all-time high. The Greater Chattanooga Realtors association said home sales last month were up 2.4% from a year earlier to 1,057 even as the inventory of homes on …

Mortgage News Daily

New data shows decreasing confidence in commercial real estate market

In yet another example of COVID-19’s lingering impact on commercial real estate, LightBox’s most recent Market Confidence Index for the commercial sector found the nation’s environmental consultants, appraisers, brokers and lenders feeling less optimistic about the space’s future than they were a month earlier. Based on a survey conducted in July, the latest index (133.96) …

Mortgage News Daily

5 housing market changes resulting from the coronavirus

The coronavirus has upended many aspects of life in the United States and the housing market is no exception. To this end, TD Bank recently fielded a survey on how the experience of the pandemic is changing consumer views on mortgages and housing. From an increased interest in outdoor space to a need for a …

Mortgage News Daily

Lenders bullish on mortgage market as demand surges in Q3

The latest Fannie Mae Mortgage Lender Sentiment Survey paints a positive picture as the mortgage industry continues to benefit amid the coronavirus pandemic. Mortgage lenders reported brighter views on profit margins thanks to robust consumer demand, with 48% of lenders believing profits will increase from the previous quarter, according to the Q3 survey. Only 15% …