Mortgage Industry News

Home Flips Are Up, But Raw Profits Hit 13-Year Low

Home Flips Are Up, But Raw Profits Hit 13-Year Low

Source: National Mortgage Professional --- ATTOM released its first-quarter 2022 U.S. Home Flipping Report showing that home flips are up in the first quarter, while profits have sunk to a 13-year low.  The report shows 114,706 single-family houses and condominiums in...

Housing-affordability crunch time is at hand

Housing-affordability crunch time is at hand

Source: Sun Gazette --- Ballooning mortgage costs, driven by skyrocketing prices and interest rates, have made mortgages less affordable than at any time since at least 2007. Demand for homes has pulled back in response, easing price growth, slowing sales and boosting...

Mortgages Update: Fifth Of Mortgage Payments At Risk

Mortgages Update: Fifth Of Mortgage Payments At Risk

Source: Forbes UK --- One fifth (20%) of UK homeowners say they are unsure how they will afford their next mortgage payment, according to a recent survey by our online mortgage broker partner, Trussle. The online survey gathered responses from 2,000 homeowners across...

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