Reform group finds “disturbing pattern” against people of color and low income borrowers
The mortgage delinquency rate for one-to-four-unit residential properties rose 4.80% on a quarter-to-quarter basis during the last three months of 2016, a survey by the Mortgage Bankers’ Association (MBA) revealed
The early years of the 21st century were a boon for small mortgage lenders in the United States, at least until 2007.
While an abundance of publications and analysts have been quick to note the recent gain in housing prices, there’s been somewhat less attention devoted to particularly why housing prices climbed so markedly in 2012.
To begin the year, the early numbers reflect an earlier-than-expected boom of business for Realtors. In this business, no one moves or buys a home between Thanksgiving and Valentine’s Day – right? Well, not exactly – and if these unseasonal numbers are reflective of a new normal, the work week for Realtors just got longer.