General

What year is it? 2006? The nation’s largest wholesale mortgage lender, United Wholesale Mortgage, has just announced the availability of bank statement loans. Does this mean we’re headed down a familiar road of credit loosening, and a…
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Bing Guan/Bloomberg Lennar Corp. reported better-than-expected quarterly orders as the record shortage of existing-home listings pushed buyers toward newly built properties. Purchase contracts for the three months through February…
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Mortgage rates in the U.S. soared, surpassing 4% for the first time in almost three years. The average for a 30-year loan was 4.16%, up from 3.85% last week and the highest since April 2019, Freddie Mac said in a statement Thursday. Rates…
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