Fannie Mae offers new suite of HomePath financing

Fannie Mae offers new suite of HomePath financing

Goodbye HomePath Mortgage and HomePath Renovation

CNBC video: Home shortage could be due to real estate agents

Pocket listings drag down inventory?

Happy 4th birthday Dodd-Frank! Everyone hates you

How effective has Dodd-Frank really been?
W S

REwired

new REwired blog header
Opinion, commentary and analysis on everything that makes the U.S. housing economy tick -- not to mention the ghosts in the machine, too. Written by HW's team of editors and reporters each business day.
Lending

2 charts show exactly how the mortgage pipeline is drying up

Rising rates, affordability gap squeeze originations

April 11, 2014

Mortgage originations are at their lowest level in 14 years and everyone is expecting that will only get worse as mortgage rates creep up, but a sure insight into what the spring and summer hold can be found in the first quarter reports today from Wells Fargo (WFC) and JPMorgan Chase (JPM).

Adding to the headwinds are the rising affordability gap, investor driven price increases, and the much tighter lending standards imposed on the industry.

These two graphics from the Wells Fargo and JPMorgan quarterly reports give an insight into what’s happening to the mortgage pipeline.

From Wells Fargo...

And from JPMorgan...

(hat tip ZeroHedge)

Comments powered by Disqus