After the Federal Reserve signaled a prospective pause in rate hikes, mortgage demand surged.

After the chairman of the Federal Reserve suggested an end to an unprecedented string of interest rate increases, mortgage rates declined slightly last week. The decline was not substantial, but it was sufficient to increase demand among current homeowners seeking to refinance their mortgages at ...

The yearly increase in home prices in November was the lowest in two years.

The freezing winter weather of declining home prices is being caused by rising mortgage rates discouraging potential purchasers. CoreLogic reports that while November's price increase was still 8.6 percent over the same month in 2021, it was the first year-over-year measurement in the single ...

Mortgage applications will fall by 13.2% by the end of 2022 as interest rates rise once more.

Mortgage interest rates spiked again at the end of the year after a brief respite in the first half of December, weighing on mortgage demand. The seasonally adjusted index maintained by the Mortgage Bankers Association showed a 13.2% drop in mortgage application volume as of the end of last week ...

Rates on mortgages reached 5.89%, which is the highest level since 2008.

The Federal Reserve is indicating that it intends to maintain higher interest rates for longer.

In a new report released on Thursday by Freddie Mac, the average interest rate on 30-year mortgages increased to 5.89%, the highest level since 2008.

The increase follows a time dur...

CHINA’S WEALTH MANAGEMENT PRODUCTS & PROPERY LOANS RISE IN Q1

Highlights –

• China’s wealth management products & property loans rise in Q1.
• At the end of March, China’s banking system had about $3.87 trillion of outstanding wealth management products.
• China's outstanding prope...

S. KOREA’S 5 MAJOR BANKS REPORTS RISE IN MORTGAGE LOANS IN MARCH

Highlights –

• S. Korea’s 5 major banks reports rise in mortgage loans in March.
• The combined mortgage loans from the 5 banks were more than 3 trillion won range.
• The banks’ outstanding unsecured loans came to 135.4 trillion...

S. KOREA’S HOUSEHOLD CREDIT GREW BY $1.55 TRILLION IN Q4 2020

Highlights –

• S. Korea’s household credit grew by $1.55 trillion in Q4 2020.
• Mortgage loans rose by 20.2 trillion won on-quarter to 910.6 trillion won in Q4.
• Loan demand to buy stocks also rose due to the country's bull stock...

JP MORGAN SIGNS A $100M DEAL WITH FIGURE TECH

Highlights:

• Figure technologies is an online lending platform
• This will enable Figure tech to innovate better mortgage products

That banks have been involved in the domain of cryptocurrencies is a fact. Figure Tech, a blockchain mortgage platform on ...

COVID-19 PANDEMIC STOPPED DOMINANCE OF UNITED KINGDOM’S BIGGEST BANKS

Highlights:

• The corona virus pandemic is reducing the dominance of the biggest banks in the United Kingdom
• The four big banks in the United Kingdom had provided more than 80 per cent of the government-backed loans through the corona virus pa...

MORTGAGE BANKERS ASSOCIATION: HOME BUYER DEMAND OBSERVES A RISE

Highlights

• Weekly mortgage applications for home purchase rose 2%
• It was striking 19% higher than a year ago

According to the Mortgage Bankers Association, homebuyer demand is heating up. Last week, total mortgage application volume ...

CREDIT LOANS EXTENDED BY SOUTH KOREAN COMMERCIAL BANKS

Highlights –

• South Korean commercial banks give out credit loans
• Tight mortgage regulations by the government leading Korean citizens to take loans
• Personal credit debt in Korea in a rare jump in February

Due to the...

America has just had its best month in 13 years for new homes

New York (CNN Business) Americans are on the market once again to buy houses. In December, the new home construction rose nearly 17 per cent, rising to a point not seen since before the financial crisis.

The US housing market continues to rebound, driven by a stable US economy, a strong...

US HOUSING MARKET CRISES

The US housing market is heading towards crises. The prices of houses are rising as the scarcity of homes available for sales. The crises are predicted to be adverse as the one’s in 2008 which crashed the housing market back then.

The key factor which was considered to be responsi...

Specialists bullish about India's lodging fund industry, state request is developing

The Indian lodging money area has been getting critical perspectives in the ongoing past. It saw a development stoppage and according to CRISIL, the AUM development of lodging fund organizations split in H2-FY2019. Be that as it may, presently, the more terrible is finished and the business is gi...

$111.66mln securitization bonds closed by an Egyptian company called Sarwa Capital

Securitising is a financial method of pooling and selling associated currency flows as securities to third-party creditors, as notes, pass-through securities or collateral-set debt obligations, as a result of the pooling of various types of contractual debt (residential mortgages, commercial mort...

Banks earning from mortgages

Global banks attained $1 billion from commercialism as government-backed U.S. mortgage securities within the half of 2019. This is nice to endure the debt that has been columned up. Data shows, a multiple increase in last year for what business supplies say is that the fastest-growing revenue sou...