Buyers finally have leverage, but they aren’t using it, and that gap is now the central problem in purchase lending. Processing Content The typical home sells below list price in 41 out of the U.S. largest metros according to Best Interest Financial’s analysis of Redfin data. Price-drop activity declined compared to the previous year in […]
Home sellers are cutting prices as pipelines slow Read More »
Housing supply and consumer financial worries appear to have a larger effect than headline mortgage rates in subduing the current home purchase market, according to a new survey of lenders. Processing Content In research conducted by buy-before-you-sell firm HomeLight, 46% of loan officers said an inadequate supply of affordable entry-level starter homes represented the biggest
What loan officers really think holds back housing activity Read More »
Ginnie Mae has approved mortgage fintech platform BSI Financial Services as both an eIssuer and eSubservicer under its digital collateral program, the company announced Wednesday. Processing Content The approvals expand BSI’s ability to support Ginnie Mae-backed digital mortgage assets across securitization and servicing, which reinforces the company’s commitment to technology-driven mortgage operations, the release said.
Ginnie Mae approves BSI Financial as eIssuer, eSubservicer Read More »