Rising prices and mortgage rates are keeping buyers out of the housing market, resulting in July recording the fewest residential property sales in nearly two years, a new industry report found. Processing Content Home sales fell 4.1% month over month and 0.6% on an annual basis in July, according to Redfin. Pending home sales, a […]
Home prices, mortgage rates push down July originations Read More »
Borrowers taking out new-construction loans from homebuilder mortgage affiliates are seeing a tangible discount in their rates compared to customers of other lenders, thanks to buydowns, according to a new index. Processing Content The spread in locked rates between 30-year loans from builder subsidiaries and originations coming from non-builder lending companies grew to as wide
New rate-lock data shows impact of homebuilder buydowns Read More »
Key takeaway: Dime Commercial Bancshares in New York is eyeing additional expansion in New Jersey after opening a branch in one of the Garden State’s fastest-growing municipalities. Supporting data: As Dime shifts to a commercial business model, its once-dominant multifamily portfolio continues to shrink, falling below 30% of total loans on June 30. Expert quote:
New Jersey is latest frontier in NY bank’s reinvention Read More »