recruiterchuckcowan

Mortgage Recruiting and Recruitment Training and Coaching

Moving Forward

Growth in the mortgage market has been slow to recover since the past recession, but we expect activity to pick up in the next several quarters as the housing market gains steam. Mortgage supply has increasingly shifted towards government-sponsored enterprises, which have received the highest number of applications over the past couple years and have originated the largest number of mortgage loans. These institutions are likely attractive to consumers due to their lower
rates in comparison to private institutions. Mortgage demand has seen some shifts by income, gender, race and ethnicity over the past few years, which could be due to multiple factors including denial rates and lending rate offered. High-income individuals, males and some minority populations have shown the largest increase in mortgage demand over the past few years. As lending standards continue to ease, we expect demand to pick up across other categories and spur further growth in the mortgage market.

December 19, 2014 Posted by | Uncategorized | Leave a comment

Where American Incomes (and House Prices) Have Peaked … And Faltered

December 15, 2014 Posted by | Uncategorized | Leave a comment

Nevada Home Prices Remain 37% Below Bubble Peak — Houston, Riverside and Dallas Lead In YoY Gains

November 4, 2014 Posted by | Uncategorized | Leave a comment

Mortgage Purchase Applications Flat, Refi Application Rise 11%, Bank Of America Shows Increases In Mortgage Originations

October 15, 2014 Posted by | Uncategorized | Leave a comment

Richmond Fed’s Lacker And The Fed’s Mortgage Favoritism (Not Helping Mortgage Purchase Applications, Only Investors)

Low Rates and Declining Purchase Volume- A Good Read!!

October 8, 2014 Posted by | Uncategorized | Leave a comment

Last Time this Happened, the Housing Market Crashed

Easy Money

Home builder KB Homes, when it reported earnings for the quarter ended August 31, revealed that the average price of the homes it sold rose 9% to $327,000. In the West, prices jumped by 20% to $579,700. With these juicy price increases, sales in dollars were up 7% from a year ago. But the number of homes it sold actually declined by 2%. That’s how the housing market in America operates these days – even at the high end that KB Homes serves.

At the same moment, the Commerce Department reported that new home sales suddenly jumped by 18% in August from July, and a breath-taking 33% from August last year, after having been in the doldrums or declining for months (PDF). But the margin of errors are elephantine (±16.3% and ±21.7% respectively), so a grain of salt comes in handy.

With such an enormous…

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September 29, 2014 Posted by | Uncategorized | Leave a comment

Case-Shiller Retrofit Shows Less Severe U.S. Home-Price Slump (But Mortgage Purchase Applications Down 51% Since December 2007)

September 4, 2014 Posted by | Uncategorized | Leave a comment

Existing Home Sales Rise 2.4% In July, Back to 2001 Levels (LeBron James Effect Over For Midwest)

August 21, 2014 Posted by | Uncategorized | Leave a comment

Housing Starts Rise … To 1993 Levels, Single Unit Starts DOWN 1% While Multifamily Starts UP 43.61%

August 19, 2014 Posted by | Uncategorized | Leave a comment

Death Valley: Mortgage Purchase Applications Drop 1.56% From Previous Week, Down 16% From Last Year (No Recovery)

August 6, 2014 Posted by | Uncategorized | Leave a comment

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