Hispanic-housing-Market
Mortgage Industry Trends

Where Will You Get New Business?

According to recent MBA forecasts, loan originations will drop in 2017 by about 15%. This shouldn’t be a big surprise. This decline is mainly due to a drastic decrease in refinances, resulting from the gradual rise in rates, and a potential for a rate spike, if the Fed discontinues purchasing mortgage-backed securities. Although forecasts are for a stronger economy driving…

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Mortgage Industry Trends

Time To Look at Alt-A Products…Again

By now, I think that mortgage lenders realize the refinance market has run its course. Although some limited refinance opportunities may still exist, for the most part with rates rising and many having already refinanced. Lenders now need to look to the purchase market for their business. To service the needs of today’s buyers in the current housing market, lenders…

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