Contact us for instant answers.

We invite you to experience the Birchwood difference. Fill out the form to the right and a representative will contact you with more information.

Fannie Mae: Positive Start to 2020 Housing

11.20.2019

Housing supported the larger economy in Q3 2019, but despite this growth, global political uncertainty poses a risk to the forecast tipping to the downside. The Fannie Mae Economic and Strategic Research (ESR) Group expects one more rate cut from the Federal Reserve in early 2020 before pausing for the remainder of the year, leading to an upgraded 2020 forecast for real GDP growth of 1.9%. Housing added to growth in Q3 into the Q4 and the first half of 2020.

The Housing Market’s Pending Changes

11.13.2019

Joe Mellman is the SVP and the mortgage business leader at TransUnion, overseeing the development and execution of the company's mortgage strategy and product suite. This includes a focus on helping mortgage and HELOC lenders improve their new customer acquisition, retention, cross-sell, loan product creation and refresh, origination, servicing, and capital markets functions. 

Refinance Share Among Millennials Hits All-Time High

11.11.2019

Refinances accounted for 33% of all loans closed by millennials in September—the largest share of refinance activity since Ellie Mae began tracking data in 2016. 

The Fed Drops Interest Rates for Third Time in 2019

10.30.2019

For the third time in 2019 the Federal Reserve slashes interest rates, dropping its benchmark lending rate Wednesday by another quarter of a point. 

The Migration Patterns of Homebuyers

10.22.2019

Redfin reports that 26% of home searches were in another metro during Q3 2019—a new all-time high and an increase from last year’s 25%.

How a New Generation of Buyers Will Impact the Housing Market

10.16.2019

Commentary from Forbes says the American housing market is on the verge of the largest housing boom on record, and with an insider saying the market can thank the millennials. 

Uptick Reported for Mortgage Activity

10.09.2019

The Mortgage Bankers Association reported that applications increased 5.2% from the week prior for the week ending on October 4. 

Homebuyers Feeling the Burden of Medical, Student Debt

10.02.2019

Zillow’s 4th Annual Group Report on Consumer Housing Trends found that prospective home buyers with medical debt are more likely to be denied a mortgage, while those with student debt put off buying a home. 

Gen Zers Entering Housing Market

09.23.2019

Transunion’s Q2 2019’s Industry Insight Report found that Gen Zers, or those born in 1995 or after, saw their share of credit in mortgages rise by 114% in the quarter. 

Reversal of Course for Pending Home Sales

09.03.2019

Pending home sales for July fell 2.5% and year-over-year contract signings fell 0.3%, reversing increases from the prior month, according to the National Association of Realtors’ Pending Home Sales Index.

Pages

Connect with us:

© Birchwood Credit Services 2019. Web Development by CommonPlaces Interactive

Contact|Privacy Policy|Site Map|Security & Technology