eMortgage, Loan Trading Products; Comprehensive Survey Findings; Lender Disaster News
Posted To: Pipeline Press“Rob, are you hearing that the sudden increase in lock volume is from borrowers who had a lock with one lender moving to another lender?” Not yet, and let’s hope not, loans are “stickier” now, and that this practice was just something unscrupulous parties did in the past. But speaking of past events, Baby Boomers now own about 32 million homes (out of 137 million housing units in the U.S.).
One issue in some Sunbelt real estate markets is that the design of those homes is out of style with younger folks who’d conceivably purchase them. So there’s a glut of big and pricey homes on the market in areas that cater to clusters of retirees, and let’s just say those who’d ideally buy them aren’t exactly known for being particularly liquid…(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
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