Spencer Lee
NationalMortgageNews
New York, NY, United States
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Past articles by Spencer:
Mortgage activity decreases for first time in 2023
Despite lower interest rates, both purchases and refinances declined after recent surges, while average loan amounts have gradually crept up to start the year. → Read More
Loan modifications at GSEs dropped, but signs of early distress emerge
Foreclosure prevention actions overall fell for the sixth time in seven months in October, according to the FHFA. → Read More
PrimeLending launches new mortgage business with Texas homebuilder
Kindred Home Loans will serve buyers of properties in Dallas and San Antonio markets. → Read More
Voxtur agrees to exclusive partnership with servicing aggregator
he company's recently purchased subsidiary, Blue Water Financial, will provide tools for asset pricing, transfer, due diligence and other tasks to ease secondary market trading functions. → Read More
Mortgage application volume declines for eighth time in 9 weeks
Softening prices have yet to lead to a turnaround in purchase activity, even as the average loan size fell under $400,000. → Read More
Home price growth slowed for third straight month in May
While housing costs were still up nationwide, Pacific states saw the most rapid pace of moderation on an annual basis, a Federal Housing Finance Agency study found. → Read More
Mortgage volumes edge downward as high rates dry up refinances
While the purchase index registered a tiny uptick, activity has fallen to nearly the same level seen during the first months of the pandemic shutdown. → Read More
Mortgage volumes inch up for second consecutive week
A 5% surge in purchase applications drove up overall activity, while average loan amounts also increased across all categories. → Read More
MIAC puts $1.1 billion in Ginnie Mae loans up for sale
The current offering of nonperforming loans comes after a similar portfolio sale last month. → Read More
Interest rate hikes could leave buyers out in the cold
A quarter-percent increase would eliminate more than a million buyers for median-priced homes according to the National Association of Home Builders. → Read More
Fannie Mae names its first chief diversity and inclusion officer
Affordable housing and legal expert Sharifa Anderson returns to the government-sponsored enterprise after prior roles at the Federal Home Loan Bank of Pittsburgh and HUD. → Read More
Home price growth slowed at year-end: FHFA
Rising interest rates are likely to further slow the rate of appreciation, the Federal Housing Finance Agency said in its quarterly Home Price Index report. → Read More
Mortgage rates surge to highest level since COVID’s onset
Inflation data showing a 7.5% increase in consumer prices will likely lead to Federal Reserve moves that apply continued upward pressure. → Read More
Virginia launches mortgage relief plan for distressed borrowers
With $258 million coming from the Homeowner Assistance Fund, the state introduces its plan as federal restrictions prohibiting foreclosures come to an end. → Read More
Refinances rebound thanks to falling interest rates
An upturn in government-backed applications also led average loan sizes to decrease for the first time in over a month. → Read More
Home equity lending alternative Hometap raises $60 million in capital
Bain Capital and American Family Ventures were among the investors in this funding round for the company, which has more than doubled its staff in the past 12 months. → Read More
Mortgage rates show slight movement after volatile week
Treasuries plunged following news of the omicron variant, but subsequently reversed course. → Read More
Wells Fargo promotes from within in search for national sales manager
Sue Barber takes over the position after leading its Northeast division. → Read More
Employees want diverse leadership, but change is slow
Minorities are expected to drive future homeownership growth, but the corporate suites have yet to catch up with demographics → Read More
Mortgage rates show little movement as investors remain cautious
COVID-19 concerns, inflation hold back actions that might change current patterns. → Read More