Finding order in chaos: Getting things done in the midst of change

National Mortgage Professional

Jun 23, 2005

Byte selects IMPAC LendingMortgagePress.comByte Software, IMPAC Lending Group, preferred lender agreement Byte Software has a new preferred lender partner in IMPAC Lending Group. Loans can be submitted to IMPAC directly through the Byte Lender Interface, as well as the ability to sign up to become an IMPAC broker. IMPAC has expanded its menu to offer a full spectrum of lending programs for the non-conforming borrower. Their services include no income, stated income, no asset verification, 100 percent LTV and no down payment programs with slated or full documentation. Byte Software, a subsidiary of CBC Companies, is a Kirkland, Wash.-based mortgage software company. For more information, call (800) 695-1008 or visit www.byte-cbc.com. Newport Beach, Calif.-based IMPAC Lending Group is an originator of alt-A and alt-B first and second home loans through a network of mortgage professionals nationwide. For more information, call (800) 597-4101 or visit www.impaclending.com.

Link copied

Published

Jun 23, 2005

Analysis and Data

Mortgage Rates Soar To 22-Year Peak

As 30-year fixed-rate mortgages hit 7.31%, experts indicate low housing inventory and changing consumer behavior; renting emerges as a favorable choice for many.

The average 30-year fixed rate mortgage last week peaked at 7.31%, according to Freddie Mac. That's the highest it's been since December 2000.  “However, unlike the turn of the millennium, house prices today are rising alongside mortgage rates, primarily due to low inv...

Analysis and Data

U.S. Pending Home Sales Plunge 7.1% in August

All four national regions report a slump in monthly and annual transactions, emphasizing the need for better rates and increased housing inventory.

Pending home sales across the U.S. saw a substantial 7.1% decrease in August, according to the National Association of Realtors (NAR). This dip in sales occurred across all four major U.S. regions, each registering losses in both monthly and year-over-year transactions. Law...