NAHB: Share of active homebuyers spikes in third quarter
Reading Time: 2 minutesIt’s a challenging housing market across the country, but that apparently hasn’t stopped many people… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
Foreclosure rates continue to lurch upward but remain far below pre-pandemic norm
Reading Time: 2 minutesAttom Data Solutions’ most recent U.S. Foreclosure Market Report revealed that 32,378 residential pr… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
No-Doc Mortgages
Reading Time: 3 minutesNo-doc or low-doc home loans allow a borrower to obtain a mortgage without providing traditional income-verification documents to a lender.
Mobile/Manufactured Home Park Loans
Reading Time: 2 minutesThese communities can be large or small. While residents own the manufactured or mobile home itself, the owner of the park earns revenue by leasing the land beneath the homes.
Mobile Home Loans
Reading Time: 2 minutesManufactured home mortgages are loans that finance the purchase or refinance of a mobile home or a manufactured home.
Nearly 30% of homes for sale in the third quarter were new construction
Reading Time: 2 minutesA new Redfin report revealed that 29% of single-family homes for sale in the third quarter were new … Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
More than $1 trillion in home equity shed during third quarter
Reading Time: 2 minutesThe stark and ongoing home price correction in the residential real estate market has led to U.S. mo… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
NAR: Share of home purchases made by first-time buyers falls to record low
Reading Time: 2 minutesIn 2022, the share of home purchases made by first-time buyers fell to its lowest point since the Na… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
Industry Watch: Rocket adds manufactured home loans, new branches for Geneva and CMG, and more
Reading Time: < 1 minuteGeneva Financial announced the opening of a new branch in Anchorage, Alaska, the newest state t… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
Jumbo Loans
Reading Time: 2 minutesJumbo mortgage loans are loans with amounts that exceed the maximum amount that Fannie Mae and Freddie Mac will buy. There are different loan thresholds for VA jumbo loans, as well as FHA and USDA.
