The American homebuyer’s “typical mortgage payment” is up 12 percent over last year, and the trend is expected to continue in the year ahead, according to a new report from CoreLogic.
Although the stock market remains in the stratosphere, the share price of LendingTree Inc., Charlotte, has been smacked around the past few weeks, and is now trading at an 8.0 percent discount to its January high of $404.40.
Is pre-approval truly the first step in loan origination? The folks at Churchill Mortgage do not think so. There is a common misconception about “pre-approval” and its importance in the lending process, says Matt Clarke, Churchill’s chief financial officer and chief operating officer. He views pre-approval as nothing more than taking a mortgage loan application and approving it for underwriting. …
It’s been a few months since hurricanes Irma and Harvey pounded coastal areas of the U.S. mainland, but the storms are continuing to wreak havoc on many affected homeowners. The latest data from Black Knight, in Jacksonville, finds that 90-day delinquencies have jumped due to the hurricanes’ impact.