Share of Non-Qualified Mortgages Increases in 2022, According to CoreLogic
June 1, 2022
Non qualified mortgage loans have helped creditworthy borrowers who cannot otherwise qualify for traditional mortgage loan programs.
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Recent Articles
Is the Adjustable-Rate Mortgage Making a Comeback?
April 29, 2022
Between December 2020 and March 2022 the average mortgage rate on 30-year, fixed-rate mortgages jumped up by 149 basis points or 1.49%, whereas rates on 5/1 adjustable-rate mortgages increased by only 40 basis points for the same period. This increase in mortgage rate on FRM is incentivizing buyers to take out ARMs.
Serious Delinquency Rate for All Mortgage Loan Types Down from Last Year
February 21, 2022
The nation’s overall mortgage delinquency rates have improved significantly over the last year, according to the latest CoreLogic Loan Performance Insights Report.
Jumbo Mortgages Reach Highest Dollar Volume Since 2005
January 31, 2022
In terms of both dollars and market share, jumbo mortgage originations grew significantly in 2021 relative to the prior year.
Borrower Cost of Jumbo Loans Declines Compared to Last Year
January 13, 2022
Historically, large-balance mortgage loans, known as ‘jumbo’ loans, have had a higher interest rate than conforming loans.[1] However, since mid-2013, the interest rate for a jumbo loan was lower than a conforming loan until June 2020.
Conventional Mortgage Lending in Underserved Areas Dropped During the Early Months of Pandemic
December 8, 2021
Conventional Mortgage Lending in Underserved Areas Dropped During the Early Months of Pandemic