Purchase Mortgages with a Temporary Buydown Option Seen as a Way to Boost Business as Interest Rates Increase
June 1, 2017
With interest rates projected to rise, lenders are putting an increased emphasis on purchase mortgages. A little-used feature in post-crisis originations could help boost purchase-mortgage originations: temporary interest rate buydowns. A temporary buydown can help increase a lender’s “market potential” by offering borrowers lower initial payments and the stability of predictable payment increases, according to Freddie Mac. Temporary buydowns generally last...
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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