by mdibrino@hqmloans.com | Nov 4, 2022 | Uncategorized
“Household spending has started to show signs of weakness but remains strong, despite price increases on essentials like food. Real personal spending grew faster than personal income in September, indicating that households are drawing down savings to finance...
by mdibrino@hqmloans.com | Nov 4, 2022 | Uncategorized
The financial risk is low, too. In Acra Lending’s case, the LTV typically is 75% for purchase and 70% for refinance. For brokers, their task is to be fully aware of the details of their properties, including the number of bedrooms and bathrooms. Read more: Tell-tale...
by mdibrino@hqmloans.com | Nov 4, 2022 | Uncategorized
Despite these headwinds, Brown noted that Rocket ended the third quarter with $4 billion of available cash and $7.3 billion of mortgage servicing rights. “Together, these two assets represent a total of $11.3 billion of value on our balance sheet, equating to...
by mdibrino@hqmloans.com | Nov 4, 2022 | Uncategorized
loanDepot has partnered with National HomeCorp, a Georgia-based homebuilder specializing in affordable single-family homes, to form a new joint venture, NHC Mortgage. NHC is the latest in a string of joint ventures for loanDepot as part of its strategy to expand its...
by mdibrino@hqmloans.com | Nov 4, 2022 | Uncategorized
“In the past year, there was roughly $12 billion in sales of manufactured homes,” said Rocket Mortgage CEO Bob Walters. “Many of these clients have a great income and credit scores and are very creditworthy. We are looking forward to helping them achieve...
