Posted To: Pipeline Press

On HGTV, people can flip a whole house in a month. Meanwhile, I’ve been “getting ready to vacuum” for a week now. There isn’t a lot of mirth in residential lending, especially when it comes to discussing wealth trends. Don’t think that the housing market is helping to widen the gap between the haves and have nots? “Real estate investors purchased 67,943 U.S. homes in the second quarter of 2021, the highest quarterly figure on record . That’s up 15.1% from the prior quarter, and up 106.7% from the second quarter of 2020, when activity in the housing market was stalled due to pandemic restrictions.” And here’s a tip for lenders: make sure that you have decent cash-out refinance pricing & products. I am not a fan of using a house as a piggy…(read more)

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Source: Mortgage News Daily