Fannie Mae’s Q4 2017 Mortgage Lender Sentiment Survey reported a negative profit margin outlook. The belief that “competition from other lenders” will hit profits have touched a new high in the last quarter of this financial year. Three-fourths lenders now concur to this view compared to one-third two years ago. Other reasons cited for the negative outlook include consumer demand,…
A report released by the Dept. of Housing & Urban Development late last year says that the sale of single-family units jumped by 5.3% to 930,000 last year, the highest since Sept 2007. The trend, much to the delight of homebuilders, is expected to continue this year, which loosely indicates that the housing sector may witness a turnaround in 2018….
It is every borrower’s dream to someday have a place that they can call their own. But buying a home is not half as easy as we would want it to be, especially if you are someone who is struggling to keep its finances together. However, does that mean your dream of being a homeowner is lost forever? Absolutely not!…