by mdibrino@hqmloans.com | Apr 26, 2023 | Uncategorized
The top three cities with the highest annual increases were Miami (10.8%), Tampa (7.7%), and Atlanta (6.6%). All 20 cities reported lower prices in February compared to January. CoreLogic chief economist Selma Hepp commented: “While lower mortgage rates helped...
by mdibrino@hqmloans.com | Apr 26, 2023 | Uncategorized
A modest decline in home equity has pushed the index to drop, with the collective senior housing wealth sliding from a peak of $12.42 trillion in Q3 to $12.39 trillion in Q4. According to NRMLA, the dip in equity resulted from a $30 billion increase in senior mortgage...
by mdibrino@hqmloans.com | Apr 26, 2023 | Uncategorized
The pool comprises 58.4% of loans where the borrower maintains a primary residence, while 37.5% comprise an investor property. Additionally, 0.1% are safe-harbor-qualified mortgages (SHQMs), and 62.5% are non-qualified mortgages (non-QMs). “There are 299 DSCR...
by mdibrino@hqmloans.com | Apr 26, 2023 | Uncategorized
The outreach events feature speakers from a local HUD-certified counseling agency and PHH Mortgage, providing attendees with information regarding mortgage assistance options. After the event, homeowners can schedule a virtual one-on-one meeting with a housing...
by mdibrino@hqmloans.com | Apr 25, 2023 | Uncategorized
New home sales in the U.S. rose to their highest level in a year in March, with purchases of new single-family homes increasing by nearly 10% last month. The news, which could suggest the national housing market is beginning to stabilize after a recent dip in mortgage...
by mdibrino@hqmloans.com | Apr 25, 2023 | Uncategorized
Brandon Stein, president of The Loan Store, described the product as a “contingency buster,” giving brokers a tool to aggressively pursue the purchase market by leveraging a home’s equity. “We are unlocking the equity through this “Buy Before You Sell” program so...
