Single-family slide leads to another residential construction drop in October
Reading Time: 2 minutesOctober saw another drop in residential construction, with privately owned housing starts sinking to… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
Generation Z still positive on homeownership, but financial apprehensions grow
Reading Time: 2 minutesThe difficult housing market conditions of today appear to be taking their toll on Generation Z, acc… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
Redfin: Income needed to afford mortgage payments swells by nearly 50%
Reading Time: 2 minutesNew mortgage payment data from Redfin revealed that this year’s cocktail of persistently high home p… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
With pool of candidates still dwindling, refinance market continues to shrink
Reading Time: 2 minutesIs the refinance market starting to bottom out? Black Knight thinks so. The real estate analytics c… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
Industry Watch: Acquisitions for MeridianLink and Movement, Homepoint launches HELOCs and more
Reading Time: 2 minutesHomepoint announced the launch of its new home equity line of credit (HELOC) product in 38 states an… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
Apartment rent growth moderates further in October
Reading Time: < 1 minuteApartment rent growth continued to slow in October with moderate gains amid cooling demand throughou… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
Nonowner-occupied Loans for Residential 1-4 Units
Reading Time: 2 minutesA nonowner-occupied mortgage is a loan for a single family residence, duplex and triplex or fourplex, where the residents are renters.
No-Income Mortgages
Reading Time: 2 minutesSome borrowers aren’t able to provide income documentation. In these cases, a lender may accept other proof of the borrower’s net worth.
No-FICO and Sub-500 FICO
Reading Time: 2 minutesBorrowers with credit scores under 500 or no FICO score will not qualify for prime loan programs and will therefore have to explore non-conventional mortgages.
Notable mortgage industry hires and promotions, Nov. 7-11
Reading Time: 2 minutesFreddie Mac named Ravi Shankar as senior vice president and head of single-family portfolio and… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
