Non-QM

The MBA reports that purchase applications increased for the second straight week but remained nearly 40% below last year’s pace, amid news of continued economic instability and several bank closures.

Most lenders have automated much of the front end of their processes, and now, Robotic Process Automation (RPA) technology is helping to automate the in-between functions.

Continued economic growth and a rise in inflation have helped push mortgage rates up for the fourth consecutive week, making it difficult for potential buyers to jump into the purchase market.

What caused the uptick in fixed mortgage rates, and what might it mean for the housing market in the months ahead?

In a volatile mortgage rate environment, Carrington is offering assumable mortgages as another loan option in today’s real estate market.

Addressing the issue of appraisal bias is critical, and Jeffrey Hogan of Veros explains what can be done to identify and prevent this problem.

A new study from Zillow has found that workers making minimum wage need three roommates or four jobs to afford the average two-bedroom rental.

The MBA reports a continued rise in borrower demand, as mortgage application volume rose for the third consecutive week, led by gains in both purchase and refi activity.

For the second consecutive week, mortgage rates have dipped, providing a much-needed boost to the housing marketplace and sparking a rise in overall mortgage app volume.

As the fixed-rate mortgage fell to a near-five-month low, prospective buyers and those seeking refis brought life into the marketplace, boosting mortgage apps 27.9% over last week’s totals.