Mortgage

Weely Real Estate News

A surge in mortgage rates and elevated home prices dampened California’s housing affordability in fourth-quarter 2022, C.A.R. reports

February 9, 2023 Mariel Alumit Comments Off on A surge in mortgage rates and elevated home prices dampened California’s housing affordability in fourth-quarter 2022, C.A.R. reports

Feb. 9, 2023 (Staff Writer)- A rapid rise in mortgage interest rates depressed housing affordability in California during the fourth quarter of 2022 and pushed the statewide affordability index for an existing, single-family home to […]

Housing Wire

Mortgage lenders American Portfolio and Town Square announce merger deal

February 9, 2023 Mariel Alumit Comments Off on Mortgage lenders American Portfolio and Town Square announce merger deal

Amid the expectation of a wave of mergers and acquisitions in 2023, nonbank mortgage lenders American Portfolio Mortgage Corporation and Town Square Mortgage announced on Wednesday that the companies are merging their operations. The lenders, both privately held, will retain their […]