As rates feel upward pressure, fraud and misrepresentation are also on the rise
A sudden interest-rate hike in Q4 caused profits to plummet
Approximately one-third of borrowers are not sure of their interest rate and many could still save hundreds a month through refinancing.
The high cost of living is starting to drive residents out, as more homeowners in the state face mortgage delinquencies.
Many economists are predicting rates to increase soon and some believe the cash borrowers have saved through refinancing will move toward remodeling projects.
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The CFPB rate checker has caused a lot of noise in the industry, but stop worrying about pricing and start worrying about marketing and the niche you will become the expert in.
The lender said the layoffs are due to the declining number of delinquent mortgages the bank now services.