Rick Floyd, partner and executive vice president at HomeBridge Financial, talks about being in acquisition mode, embracing change in the industry, and the return of the jumbo mortgage
Report from Mortgage Bankers Association indicates a modest tightening of credit, especially for jumbo borrowers
Many first-time home buyers in the United States face more than just a difficult mortgage lending environment that prevents them from achieving the American Dream of homeownership. Student loans are increasingly becoming insurmountable obstacles that reduce home-buying opportunities at a time when the U.S. housing market needs first-time home buyers to sustain the ongoing recovery.
Sales of luxury homes in the United States made a significant contribution toward the overall recovery of the housing market in 2012, and they are largely expected to play a similar role in 2013.