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Mortgage advice that you should think twice about following
Economy
Weekly mortgage demand drops again, as interest rates match a 22-year high
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 7.16% from 7.09%. Mortgage demand from homebuyers was 26% lower than the same week one year ago. […]
Housing Wire
Canadian mortgage lender rolls back activities in flood-prone zones
The Desjardins Group, a Quebec-based lender, is no longer issuing mortgages in high-risk flood areas, multiple media outlets reported this week. That is stoking concerns that similar measures could be taken in other places, […]
Housing Wire
Truv integrates with nCino’s Mortgage Suite to simplify income verification
Employment data solution firm Truv has a new integration with cloud banking provider nCino. This latest integration will allow lenders who use the nCino Mortgage Suite to benefit from Truv’s ability to instantly verify income and […]