Katie Jensen is a mortgage news reporter at NMP.
The rise in consumer spending and credit card balances reflects a shift from COVID-19 economic behavior when most people scaled back spending and substantially paid down debt, researchers said.
The pandemic has affected many borrowers’ ability to qualify for conventional loans, but non-QM programs can alleviate that stress.
Perhaps, even more interesting, is who is spearheading support for this new mortgage influencer...
79% of people would renovate their homes to make them more energy efficient if financial and administrative support is available.
65% of prospective sellers are eager to enter the housing market this winter, while many expect bidding-wars and fast-paced sales to make a comeback.
In August, 4% of all mortgages were in some stage of delinquency, decreasing 2.6 percentage points.
Consumers once again reported mixed feelings about home buying and home selling conditions as well as an increased pessimism about the overall economy.
Former NASA Rocket Scientist and current CEO of Candor Technology, Tom Showalter, applied his skills and knowledge to solve long-standing problems in the mortgage industry.
Soon enough, the resignation wave that’s been building since last Spring will catch up with the mortgage industry, potentially washing out smaller companies and increasing competition amongst larger players.
Consumers in majority Black and Hispanic neighborhoods are far more likely to have disputes appear on their credit reports.