by mdibrino@hqmloans.com | Feb 8, 2023 | Uncategorized
“There’s this assumption that humanity moves forward all the time, that we’re on an inevitable march to progress by any indicator,” he told MPA. “But the truth is that we falter, we do takes steps backwards, and this is a glaring example of that. Not only are we not...
by mdibrino@hqmloans.com | Feb 8, 2023 | Uncategorized
“Legacy Mortgage recently celebrated its 20-year anniversary of providing home financing, and our team has always admired the company’s commitment to its employees and customers,” McGarry continued. “We are pleased to further grow Guild’s presence in the high-growth...
by mdibrino@hqmloans.com | Feb 8, 2023 | Uncategorized
Kan pointed out that both purchase and refinance applications have shown gains in three of the past four weeks because of lower rates. “Purchase activity that was put on hold last year due to the quick runup in rates is gradually coming back as rates ease and housing...
by mdibrino@hqmloans.com | Feb 8, 2023 | Uncategorized
“The continued slowing of home prices at the end of 2022 reflects weaker housing market demand, primarily caused by higher mortgage rates and a more pessimistic economic outlook in general,” CoreLogic chief economist Selma Hepp said. “But while prices continued to...
by mdibrino@hqmloans.com | Feb 7, 2023 | Uncategorized
Operational and quality control issues The industry leader stated that the DTI ratio is not a strong indicator of a borrower’s ability to repay, and an LLPA based on this ratio would cause difficulties in compliance and bring added complexity to the loan application...
