A majority of homebuilders are reporting a rise in material costs this summer, with smaller businesses likely to feel the impact of higher prices more significantly. Processing Content Over 80% of companies surveyed said material prices increased in July compared to the same month a year ago, the National Association of Home Builders noted. The […]
Small builders’ rising costs pressure future home prices Read More »
Mortgage performance continues to improve in the third quarter, as delinquencies declined across all stages in July, a new industry report found. Processing Content The national delinquency rate dropped 16 basis points to 3.39% last month, Intercontinental Exchange’s latest first look report found. The rate was still 12 basis points above last year but 46
July delinquencies drop as ICE notes FHA performance pivot Read More »
Carrington Mortgage Services is expanding the underwriting criteria for its Flexible Advantage non-qualified mortgage offerings, including lower the qualifying credit score for certain alternative documentation borrowers. Processing Content “As the non-QM market continues to grow, we continue to position ourselves, with expanded guidelines and competitive pricing, to capture more market share and add liquidity to
Carrington expands non-QM guidelines, citing sector growth Read More »