
Mortgage Applications Drop Slightly in Latest MBA Survey
Mortgage applications decreased 1.3 percent from one week earlier; however, both conventional and government purchase applications increased.
Mortgage applications decreased 1.3 percent from one week earlier; however, both conventional and government purchase applications increased.
COVID-19 is pushing banks to weed out inefficient, manual business processes. And the effort promises to help their workers, too.
Will Zillow take over the world? No. But recent experience shows it doesn’t pay to underestimate a large, tech-savvy company intent on disruption. The rise of Quicken Loans, through its Rocket Mortgage all-digital mortgage product, offers a stark example.
While online real estate giant Zillow’s foray into mortgage lending might seem scary initially, it is unlikely to have too much of a detrimental impact on local, more personalized lenders, those same lenders say.
The median down payment for single-family homes and condos purchased with financing in the third quarter rose to a record high, according to a new report.