“In the current market, the entire industry is focused on reducing costs,” said Aaron King, Founder and CEO of Snapdocs. “Our research confirms what a growing number of lenders already know—eClosing is critical to any mortgage strategy to remain competitive and improve margins."
Read More »What a Debt Ceiling Default Could Mean for the Mortgage Industry
Although a national debt default is unlikely, new scenario projections from Zillow reveal home sales would decrease sharply. While home values would not lose much ground, a surge in mortgage rates would do further damage to nationwide housing affordability.
Read More »Homebuyers Remain Optimistic Despite Challenging Market Conditions
According to the 2023 ServiceLink State of Homebuying Report, there is still a strong desire across several generations to achieve the goal of homeownership. Approximately 52% of respondents said they still plan to consider buying a home despite challenging market conditions.
Read More »Sales on the Rise as Market Remains in Sellers’ Favor
Home values are up 1% from March to April, with a new report from Zillow revealing the market sits firmly in sellers' favor as rising demand continues to meet low supply.
Read More »Here’s What Drove Rental Demand in Q1
According to HouseCanary's latest National Rental Report, demand for rentals is outpacing the increase in inventory, resulting in an increase in median listing prices and days on the market.
Read More »Homebuyers Feel More Confident in Their Ability to Purchase Homes
According to Bank of America’s 2023 Homebuyer Insights Report, prospective homebuyers said they feel more confident in their ability to purchase a home today, while 55% of respondents believe the market is more competitive than last year.
Read More »Examining Homeownership Rates Nationwide
As the nationwide homeownership rate sits at nearly 70%, a new study from PropertyShark revealed which economic factors continue to impact U.S. rates. Percentages in coastal and southern states have seen a sharper decline compared to states like New York or California.
Read More »Home Values in Majority-White Neighborhoods Rising Faster Than Communities of Color
According to a new study from Harvard's Joint Center for Housing Studies, research highlighted how home values in majority-white neighborhoods have risen much faster than those in neighborhoods of color, as common trends in lower-income neighborhoods such as gentrification and displacement persist.
Read More »How Digitalization Changes How People Search for, Finance Housing
According to a new analysis from Harvard's Joint Center for Housing Studies, data revealed just how significant of an impact digitalization has on how Americans search for and finance homes. Click here to read more.
Read More »PRMG Taps Aimee Eller as General Counsel
Paramount Residential Mortgage Group has announced that Aimee Eller, a mortgage banking expert with more than 25 years of industry experience, has joined PRMG’s executive senior leadership team.
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