Since 2015, the bank has purchased over $5.7 billion in unpaid loan balances
Closing times are also dropping and credit is loosening, according to a new report
Most sellers are getting as much or more than they are asking for their homes in eight out of 24 major metros tracked by a new market report released yesterday, a sign that the metros have crossed over from buyers’ to sellers’ markets.
Single family home tenants are 18 percent more likely than apartment tenants to stay in their current homes five years or longer, suggesting that demand for single family homes, the fastest growing rental category, will be more stable than multifamily demand, according to a new national opinion survey released today by Premier Property Management Group.
2010 marked the 50th anniversary of Real Estate Investment Trusts in the U.S. For the first time, REITs brought the benefits of commercial real estate to the average investor. Since then, investors have risen to the opportunity and today U.S. REITs constitute a more than $300 billion equity market, with an average daily trading volume of about $4 billion.
The market share of purchase mortgages that closed in October reached its lowest level since August 2011.
This is the number one reason why a good broker is essential in the loan process. The first rule of lending is, never put the borrower and the lender together.
As most people in the mortgage lending industry well know, the Dodd-Frank and the Consumer Protection Act have made it even more difficult for consumers to obtain loans by trying to “protect” them.