Veros Real Estate Solutions Expects Home Prices to Turn Negative in 2023

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In: New Home Mortgage News

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Veros Real Estate Solutions expects home prices to turn negative, falling an average of 0.5% over the next 12 months, the first negative forecast in more than a decade. According to Veros’s VeroFORECAST for the fourth quarter of 2022, aContinue Reading

Guaranteed Rate Inc Launches Expanded Language Access Program

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In: Mortgage News

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Guaranteed Rate, a mortgage lender and digital financial services company, today announced a comprehensive Language Access Program (LAP) that provides communication and every step of the mortgage experience in full Spanish. The app uses language and subtle cultural references toContinue Reading

Despite Of Challenges Few Mortgage Companies Experiencing Growth

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In: Mortgage News

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Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to all the more likely arrive at planned homebuyers, notwithstanding a difficult mortgage market. While numerous lenders laid off a portionContinue Reading

What You Need To Know About Manual Underwriting?

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In: Mortgage News

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At the point when you apply for a mortgage or one more sort of credit, it can feel like your whole monetary life is under a magnifying lens.  Through a process called underwriting, the lender surveys factors, for example, yourContinue Reading

The Decision Of Buying Or Renting Has Never Been Harder As Cost Gap Narrows

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In: Realtor News

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The difference between median rent and month-to-month mortgage payments in the U.S. is the littlest on record. The math on whether to rent a loft or purchase a home has gotten more troublesome. That is because the difference between medianContinue Reading

Independent Mortgage Banks Experience Dip In Their Profits

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In: Mortgage News

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Profits were down almost $2,000 year-over-year in 2021 for independent mortgage banks (IMBs) and mortgage auxiliaries of contracted banks on each advance began, as found by the Mortgage Bankers Association (MBA) in its Annual Mortgage Bankers Performance Report. “2021 wasContinue Reading

Things Borrowers Should Know About 40-Year Mortgages in 2022

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In: Refinance News

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Whenever the COVID-19 flare-up was first ejected, numerous homeowners lost their positions and fell behind on their mortgage payments.  Fortunately, the CARES Act, which was passed in March 2020, made it feasible for homeowners to put their home loans intoContinue Reading