Among the four regions, three recorded annual increases: The Northeast PHSI rose 1.3 percent to 92.9, the Midwest index took a 7.3 percent ascent to 105.3 and the South rose with an 8.7 percent climb to 129.4. Only the West tracked a decline, dropping 1.1 percent to 92.6–although NAR noted it was 5.5 percent higher from a year ago.
Lender reports a 62-basis-point reduction in loan-level pricing adjustments for qualifying transactions and removes an 80% LTV restriction as alternative credit scoring gains traction
CrossCountry Mortgage is reporting an estimated $2,500 in average borrower savings from its adoption of VantageScore 4.0, adding to a growing body of lender-reported results showing how competition between credit scoring models is translating into lower loan costs.The Clevel...
After years of chasing production numbers, one mortgage sales veteran learned that closing deals means little if you lose the trust of the people behind them
"Listen, your credit is crap. If you don't want the deal, move on."I said that to a borrower once. Word for word. The part that bothers me now isn't just what I said. It's that I didn't think about him again. He walked out, and I went right back to work.Early in my career, I...
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