Borrowers Archives

Rates at 7% attract different types of borrowers, forcing lenders to rethink profit strategies

May 2, 2024 mpsingh No Comments Real estate 30-Year Fixed Mortgage, Attract, Borrowers, Federal Open Market Committee, Federal Reserve, Forcing, lenders, profit, rates, rethink, Strategies, Types

Industry experts believe mortgage rates will remain higher for longer, attracting borrowers who face life events but not “economic gamers“ to the mortgage market. In turn, this will force some lenders to think out of the box to attain profitability. On Wednesday afternoon, the Federal Reserve announced its decision to maintain its short-term policy interest rate at a [...]read moreRates at 7% attract different types of borrowers, forcing lenders to rethink profit strategies

Reverse mortgage payouts have fallen, but borrowers may still find value: AARP

April 13, 2024 mpsingh No Comments Real estate AARP, American Liberty Mortgage, Borrowers, Fallen, find, Mortgage, National Foundation for Credit Counseling, Ohio State University, Payouts, Reverse

Reverse mortgage industry professionals have spoken for months about the consequences of high interest rates on their ability to pursue business, and now AARP has taken a closer look at the impacts. While higher rates are bad news for the mortgage industry in a broad sense, the impact on reverse lending is more nuanced, Bruce [...]read moreReverse mortgage payouts have fallen, but borrowers may still find value: AARP

Borrowers continue to be resilient as mortgage delinquencies recede

March 24, 2024 mpsingh No Comments Real estate Borrowers, continue.., Delinquencies, Foreclosure, Mortgage, mortgage rates, recede, Refinancing, resilient

Mortgage delinquencies improved again in February as prepayment activity increased moderately. The national delinquency rate eased to 3.34% in February, down from 3.38% in January, according to an Intercontinental Exchange (ICE) mortgage performance report released Thursday. February’s rate was also 11 basis points lower than it was a year ago. In February, serious delinquencies (loans [...]read moreBorrowers continue to be resilient as mortgage delinquencies recede