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Home sales plummet

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Mortgage Professional America | 28 Oct 2015, 06:30 AM Agree 0
Last month’s figures are way down on expectations but the TRID effect may just produce results this month
  • | | 28 Oct 2015, 02:57 PM Agree 0
    The market was not driven by owner/occupants. The average working family cannot afford the average working family's home. Why? Because of spec buyers. The typical working home seeker cannot compete against flippers and foreign REITs. When the latter buyers back off, the bubble deflates as is happening now. The natural laws of physics and economics always prevail in the long run.
  • CAloanofficer | | 29 Oct 2015, 05:20 PM Agree 0
    Just heard that we cannot request income or assets documents prior to releasing an LE on refinance transactions. Verbal qualification is not going to protect the consumer. It is just going to make them hate getting a mortgage even more.
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