by mdibrino@hqmloans.com | Nov 16, 2022 | Uncategorized
Adult care clients & Non-QM: An opportunity to increase applications & funding | Mortgage Professional TV [embedded content] While the number of applications and loans has shrunk over the last 9 months, even in a rising rate environment, adult care home...
by mdibrino@hqmloans.com | Nov 16, 2022 | Uncategorized
According to Kan, this increase in application activity was driven by a rise in home purchase applications, with the MBA’s seasonally adjusted purchase index seeing a 4% jump from one week earlier. Unadjusted, this came out as a 10% decrease and was 46% lower than the...
by mdibrino@hqmloans.com | Nov 16, 2022 | Uncategorized
But things have taken a turn, he suggested: “Really since rates started to rise in the early part of the year – and we saw a dramatic increase in March – that was really the turning point where we started to see rates starting to ramp higher, where the benefit for the...
by mdibrino@hqmloans.com | Nov 16, 2022 | Uncategorized
Credit card debt was another significant contributor to the overall debt load, increasing 15% annually, the largest upswing in more than 20 years. Credit card balances were also shown to have increased more for borrowers aged 30 to 59 and those in lower-income areas....
by mdibrino@hqmloans.com | Nov 16, 2022 | Uncategorized
Broeksmit pointed out that the fund’s capital reserve ratio was more than five times the minimum ratio required by law, placing it in an ideal position to withstand an economic slowdown. He attributed the successful numbers to prudent risk management by HUD and FHA...
