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Source: Shutterstock.Mortgage originations ended the year slightly higher than the Mortgage Bankers Association had previously expected, but its latest forecast lowers its estimate for refinances in the first quarter.
The overall trends were unchanged: Refinances are dropping sharply and will continue to do so through the end of 2023 as mortgage rates rise. Purchase originations are increasing moderately and will continue to rise through 2023.
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NAFCU and CUNA send condolences at the loss of a figurehead in the Senate.
CUs support payday lenders set to argue before the Supreme Court that its independent funding is unconstitutional.
Federal judge also orders Davia Lockley to pay nearly $70,000 in restitution for her role in a criminal scheme.
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