General

Two years ago, the financial markets were flooded with billions of newly minted dollars care of the Federal Open Market Committee in response to COVID. Banks put aside $50 billion in loan loss reserves for potential defaults on mortgages…
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We’ve got 5% mortgage rates and record high home prices. Does this mean the seller’s market is finally over? You would think so, given the massive increase in monthly housing payments since last year. And the fact that the 30-year fixed now…
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Critical defects on mortgage applications submitted in the third quarter last year were at the lowest level since the pandemic started, but with the economic turmoil affecting consumers, lenders should not be complacent, Aces Quality…
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