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Report: Lenders snubbing low-end borrowers

By Mike Wheatley | May 15, 2019
People in the low- and middle-income bracket are increasingly struggling to obtain smaller mortgages, according to a report in the Wall Street Journal. The report says that “low-end borrowers” are seeing their mortgage applications denied at higher rates than those who apply for bigger loans, even though many of those borrowers have a similar credit […]
Mortgage, US Real Estate

Mortgage demand falls as higher interest rates bite

By Mike Wheatley | May 4, 2018
Mortgage companies are seeing lower demand from would-be homeowners and refinancers after interest rates hit their highest level in almost five years last week.
Mortgage, US Real Estate

Blacks twice as likely to be denied a mortgage as whites

By Mike Wheatley | April 24, 2018
Mortgage application denials are at their lowest level in almost 20 years, but there remains a stark divide between loan applicants based on their race.

Buyers rush through mortgage applications ahead of expected interest rate increase

By Mike Wheatley | January 25, 2018
Mortgage rates are moving higher, and that has some home shoppers rushing to locking in rates before they edge up even more, according to a report in CNBC.
Mobile Apps, Real Estate Technology, US Real Estate

5 essential apps for your home search

By Mike Wheatley | December 22, 2017
A recent National Association of Realtors survey found that 68 percent of those searching for a home use mobile apps to help with that, and a quick look at our list of favorite apps helps us to understand why that’s the case:
Mortgage, US Real Estate

Mortgage application fraud grows 17% in first half of 2017

By Mike Wheatley | October 12, 2017
Mortgage fraud is back in vogue with reports suggesting that a growing number of borrowers are lying on their loan applications.
Mortgage, Real Estate, US Real Estate

Mortgage applications rise on low interest rates

By Mike Wheatley | September 8, 2017
The number of mortgage applications finally grew last week, thanks to a surge of refinancing applications that came about as interest rates headed south.
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