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New business activity, however, was down 43% YOY as refinance activity moderated.
With rates rising, the sales conversation has to become broader
Where lenders put their assets will determine how well they cope with rapid market changes.
Fortune 500 veteran comes from a similar role at Mr. Cooper
Pending home sales fell for the fifth consecutive month, according to the National Association of Realtors pending home sales index.
The CSMC 2022-NQM3 Trust RMBS offering comprises 1,137 residential mortgages characterized by a significant concentration of loans underwritten using alternative income documentation.
Bott was previously Guaranteed Rate EVP for regulatory compliance and operational risk
25-year industry veteran will focus on TPO lending
The recent decrease in purchase applications is an indication of potential weakness in home sales in the coming months.
Homebuyers in nearly every part of the country have felt the impact of surging home prices since the start of the pandemic, but none like those in the Sun Belt states.