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America’s mortgage lenders are now projected to exceed $2 trillion in origination volume come years end, primarily thanks to the nation’s low-interest-rate environment, which has spurred a significant uptick in purchasing demand. Movement Mortgage, a company that closed $11 billion in loans in 2018 and is currently on track to close more than $15 billion […more]
The report from the Federal Reserve Bank of St. Louis has the term “cautionary tale” in its title: “A Cautionary Tale of How the Presence and Type of Down Payment Assistance Affects the Performance of Affordable Mortgage Loans.” But, it’s not the type of warning you might expect a decade after risky lending resulted in […more]
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