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Equifax Debuts Employment Verification Tool for Mortgage Originators
“It’s critical for lenders to have access to timely verification data at each stage of the mortgage process,” said Equifax’s Ashley Wood, Continue Reading Equifax Debuts Employment Verification Tool for Mortgage Originators
MBA: Number of Loans in Forbearance Continue to Decline
The trade group’s latest Loan Monitoring Survey estimated 255,000 homeowners are currently in forbearance plans. Continue Reading MBA: Number of Loans in Forbearance Continue to Decline
Additional Reading: Top Mortgage Industry News & Headlines
Mortgage Rates Might Have Peaked, Experts Say. What That Means for You
Source: NextAdvisor --- Mortgage rates have doubled since the start of 2022, slamming the breaks on a superheated housing market. But is 7% as high as they’re going to go? Maybe. “We probably have seen peak mortgage rates unless there is some other major shock to the...
U.S. housing prices could plunge 20%, Dallas Fed warns
Source: CBS News --- America's home prices could plunge as much as 20% due to the sharp rise in mortgage rates in 2022, which are drastically increasing home ownership costs and "boost the odds of a severe house price correction," according to research from the...
37% of real estate agents in the US couldn’t afford to pay their rent in October — another bad sign for the housing market. Here are 3 key takeaways for sellers right now
Source: Yahoo! --- As of September, the number of newly listed homes had dropped 20% from the year before and homes are lingering on the market for 32 days — 13 more days than the year before, according to analysis from Redfin. But if you need yet another sign the...
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