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Mortgage Economic Review For April 2022

A summary and review of the key economic data that affects the mortgage & real estate industries.

Analysis and Data
Apr 13, 2022
A Great Use of Non-QM
Homebuyers Are Relocating To More Affordable Areas

32.3% of Redfin users looked to move to a less expensive metro area.

Analysis and Data
22 AGs Call For Eliminating Mortgage Convenience Fees

Coalition claims fees are nothing more than double payments for services.

Regulation and Compliance
Mortgage Applications Fall For 12th Straight Week: MBA

Rapid rise in mortgage rates slows purchase originations and refinances.

Analysis and Data
KBRA Assigns Preliminary Ratings To EFMT 2022-2

The $425.7 million non-prime RMBS transaction comprises 998 residential mortgages characterized by a notable concentration of alternative income documentation.

Non-QM
Investor Loans
Community
American Financial Resources Launches eCASH Option

eCASH Home Financing aims to give borrowers the buying power of an essentially all-cash offer.

Industry News
Apr 12, 2022
What are your tactics for marketing Non-QM?
FHA Temporarily Shuts Down Loan Review System

System was experiencing ‘various document errors’

Regulation and Compliance