Tag Archives: FICO Score

Even as purchase loans made up the bulk of all closed loans in September, according to a report, how will macroeconomic and housing indicators impact the market for these loans in Fall?

Rick Sharga, EVP, Carrington Mortgage Holdings spoke to MReport on how Carrington is helping this set of borrowers achieve their dream of homeownership and the difference between non-prime loans and the subprime loans issued prior to the Great Recession.

A new report found that millennials are not shying away from the housing market despite rising interest rates. But how are they impacting the loan values of these homebuyers? Click through to learn more.

The latest report from Ellie Mae shows that purchase and refinance closing rates slightly decreased while 30-year rates have increased.

"This decline in repeat borrowers is strongest along the U.S. coasts, where the housing crisis diminished borrowers’ abilities to retain or gain equity in their current homes, reducing their likelihood of selling their existing homes and purchasing new ones," the report stated.