A sign hangs from a branch of Banco Santander in London, U.K., on Wednesday, Feb. 3, 2010. Simon Dawson | Bloomberg via Getty Images Banks and other mortgage providers have been battered by plunging demand for loans this year, a consequence of the Federal Reserve’s interest rate hikes. Some firms will be forced to exit …
Forbearance and pandemic cash run out. But a lot of fun was had by all. By Wolf Richter for WOLF STREET. Mortgage balances jumped by 9% in Q2 from a year ago, as prices spiked year-over-year, while people bought far fewer homes – sales of existing homes dropped by 10% from Q2 last year, and sales of new …
Trip Back to Reality Starts: Mortgages, HELOCs, Delinquencies, and Foreclosures in Q2 Read More »
A sign is posted in front of a home for sale on July 14, 2022 in San Francisco, California. The number of homes for sale in the U.S. increased by 2 percent in June for the first time since 2019. Justin Sullivan | Getty Images Rising mortgage rates and inflation in the wider economy caused …
Home prices cooled at a record pace in June, according to housing data firm Read More »