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The likelihood of a recession drove a reduction in Fannie Mae's mortgage origination forecast for 2023, albeit only by $16 billion. At the same time, the recent five-week decline in mortgage rates, after breaking the 7% barrier, has brought…
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U.S. homebuilder sentiment fell every month in 2022, sinking in December to a level not seen in over a decade outside of the pandemic amid elevated mortgage rates and high construction costs. The National Association of Home Builders/Wells…
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Carrington Mortgage Services has reported that it bought $62.3 billion in servicing from home loans held by more than 236,000 borrowers in the past year. The addition of these mortgage servicing rights roughly doubled the Anaheim,…
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