Delinquencies Improved In Q2, But The Future Looks Bleak

Delinquencies Improved In Q2, But The Future Looks Bleak

ByTMN Editor Reading Time: 2 minutes

Mortgage delinquencies improved in the second quarter of 2023, but homeowners face increasing credit stress as the year drags on. The Mortgage Bankers Association reported that the delinquency rate for mortgage loans on one-to-four-unit residential properties fell to a seasonally adjusted rate of 3.37% of all loans outstanding at the end of Q2 2023, down…

Lenders Struggling To Overcome Borrower Rate-Fixation Need To Focus On Communication

Lenders Struggling To Overcome Borrower Rate-Fixation Need To Focus On Communication

ByTMN Editor Reading Time: 2 minutes

As the market corrects and mortgage demand sinks, lenders are struggling to market themselves to a shrinking pool of rate-focused borrowers, according to J.D. Power’s latest U.S. Mortgage Origination Satisfaction Study. The study found that as demand hits a 22-year low, mortgage brokers are finding it difficult to stand out from the crowd. Borrowers are…

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