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Texas, Florida housing markets have the most inventory per capita
Housing markets across the country are getting a much-needed infusion of inventory. Here’s where it’s the highest and lowest per capita.
FHA share of mortgage applications continue to increase
Average contract interest rates went up across the board, but the FHA share of mortgage applications continued to trend upward.
The driving forces behind mortgage lenders moving away from third-party processors
Mortgage lenders and services today face significant operational challenges, especially when relying on third-party processors for their outsourced services. While these middlemen operators can streamline certain tasks, the benefits are outweighed by their extreme high costs as well as the limitations over operational controls. Here we will focus on the complexities involved with outsourcing, and an understanding of the growing trend of direct servicing to maintain control and reduce costs.
Mortgage rates decline amid expectation of economic slowdown
Mortgage rates fell again this week, but the primary cause was not the banking crisis fiasco — it was the expectation that the U.S. economy is slowing down.
Housing Market Tracker: Still no spring inventory lift
Last week’s housing inventory data shows we still haven’t seen the traditional spring increase in inventory.
What is SoFi acquiring with Wyndham Capital Mortgage?
In acquiring Wyndham Capital Mortgage, SoFi is getting a digital lender with a robust tech platform but shrinking origination volume.
