Alcynna Lloyd is a reporter at HousingWire. Lloyd has a degree in broadcast journalism from the University of North Texas. She previously interned with a broadcast position at CBS and has a background in freelance journalism.
LoanCare, a ServiceLink company, recently announced Sudhir Nair joined the company as its executive vice president and chief information officer. LoanCare President Dave Worrall said given Nair's expertise, the company is confident that he will help take the business to the next level.
Lower than expected mortgage rates and moderating home prices are projected to heat up the spring home-buying season, according to Freddie Mac's March Forecast. Freddie Mac Chief Economist Sam Khater said rising sales demand coupled with more inventory than previous spring seasons suggests that the housing market is in the early stages of regaining momentum.
In February, existing home sales experienced their largest monthly gain since December 2015, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun said a powerful combination of lower mortgage rates, more inventory, rising income and higher consumer confidence is driving the sales rebound.
Although potential existing-home sales rose marginally in February, a lack of inventory now threatens future growth, according to First American's Potential Home Sales Model. First American Chief Economist Mark Fleming said the housing market continues to underperform its potential, but shows signs of promise leading into the spring home-buying season.
Watch HousingWire's Alcynna Lloyd speak with Lakeside Bank's Todd Probasco about the housing market's changing landscape. See what these two have to say about what an economic slowdown could mean for the mortgage industry.
Mortgage industry veterans David Stevens and Debra Hess have joined Radian's board of directors, the company announced this week. Radian Chairman Herb Wender said their addition will complement the company's strategic focus.
Mortgage rates have fallen just as spring home buying season begins to heat up, according to the latest Freddie Mac Primary Mortgage Market Survey. Freddie's Chief Economist Sam Khater said the combination of improving affordability and more inventory than the last few spring selling seasons should lead to improved home sales demand.
It’s almost spring homebuying season, and new data from the National Association of Realtors indicates Americans are ready to purchase homes. According to the group's Q1 HOME survey, 37% of Americans strongly believe now is a good time to buy a home.
Spring is just around the corner, and the housing market is gearing up for a hot home buying season. And while data suggest many Americans are likely to purchase homes, a recent survey from Trulia indicates a significant number of current homeowners will choose to remodel their homes instead.
Mortgage applications slightly inched forward for the week ending on March 15, 2019, according to the newest data from the Mortgage Bankers Association's weekly Mortgage Applications Survey. MBA Vice President of Economic and Industry Forecasting Joel Kan said mortgage rates declined once again, as concerns about the slowing global economy and status of Brexit drove investors' demand for U.S. Treasuries.
With the recent turnover in leadership at the Federal Housing Finance Agency, we may be standing at the precipice of great change in the government’s role in supporting the mortgage market through Fannie Mae and Freddie Mac.