Home prices are going up across the country — in aggregate. Looking at individual markets, however, some are showing prices have fallen from a year ago.
In the face of a declining mortgage market and heightened regulatory scrutiny, Wells Fargo, the country’s largest depository mortgage lender by volume, is planning for a smaller footprint in correspondent lending and third-party servicing business.
The pain in the mortgage market is only getting worse as higher interest rates and inflation hammer American consumers.
Black Knight publishes a monthly Mortgage Monitor report that contains interesting information on the mortgage market and housing.