Articles by Alcynna Lloyd

HousingWire News Podcast: LoanDepot’s Alec Hanson & TJ Freeborn discuss the importance of leveraging human-touch in mortgage lending

Listen to this week's latest episode
Each week, HousingWire interviews financial services experts who can help make sense of the latest headlines, sponsored by our partners at Blend. This week, Alec Hanson, LoanDepot’s SVP and Pacific Southwest division manager, and TJ Freeborn, SVP of Customer Experience, discuss the importance of incorporating human interaction within the loan origination process.
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MBA: Mortgage applications rise thanks to falling mortgage rates

The Market Composite Index rose 1.3% last week
Declining mortgage rates once again spurred an increase in mortgage applications, according to the Mortgage Bankers Association. On an unadjusted basis, the Market Composite Index rose 1.3% for the week ending June 21, 2019, according to MBA's weekly Mortgage Applications Survey.
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New home sales fall to 5-month low as cheaper mortgage rates fail to revive demand

Sales of new houses in May decline 7.8%, median price drops 2.7%
Not even sliding mortgage rates could champion significant growth in new home sales, according to new data from the Census Bureau and the Department of Housing and Urban Development. According to their analysis, new home sales decreased 7.8% in May from April’s revised rate of 679,000. This means sales of new single-family houses grew to 626,000 in May.
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FHFA: American home price growth crawls forward in April

Home price appreciation rises only 0.4% from the previous month
Home prices crawled forward in April, rising only 0.4% from the previous month but up 5.2% from 2018, according to the latest monthly House Price Index from the Federal Housing Finance Agency. The report explains that across the nine census divisions, the Mountain Division once again experienced the strongest appreciation growth.
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Case-Shiller shows home prices rose only 3.5% in April

April's home price gains continued a trend of broad-based moderation
In April, America’s home prices continued to appreciate slowly, according to the latest Case-Shiller Home Price Index from S&P Down Jones Indices and CoreLogic.The report showed that April 2019 saw an annual increase of 3.5% for home prices nationwide, slowing from the previous month's pace.
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First American: A lack of housing inventory slows growth in potential existing sales

In May, potential existing-home sales rose only 0.4% from April
In May, potential existing-home sales increased only 0.4% from the previous month, according to First American’s Potential Home Sales Model. First American Chief Economist Mark Fleming said May's slowdown can be attributed to the housing market's unprecedented homebody era.
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LoanLogics expands its executive ranks with two key hires

Elizabeth Green and Paul Vancheri join the fintech company's team
LoanLogics recently expanded its executive team, welcoming two new leaders to the company, including Elizabeth Green and Paul Vancheri. Green has been appointed to the position of chief collateral office and Vancheri will now serve the company as its executive vice president of technology.
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NAR: Existing home sales rise 2.5% in May

Inventory remains near historic lows
In May, existing home sales rose for the first time since March, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun said homebuyers' purchasing power has been bolstered by favorable conditions like falling mortgage rates.
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Redfin: A lack of housing supply is slowing home-sale growth

In May, home sales rose only 2.5% from the previous year
In May, home-sale growth continued to lag, highlighting a slowdown in inventory, according to new data from Redfin. Redfin Chief Economist Daryl Fairweather said although recent surges in mortgage applications reflect heightened homebuyer demand, a lack of inventory continues to prevent growth.
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