In The News

Borrower Insights Survey for 2023

Understand Loan Benefits- Sprint Funding

Borrower Insights Survey for 2023 The home lending market in 2022 was characterized by extreme fluctuations, and 2023 might witness more of the same.  This survey paints a picture of a challenging landscape in 2022 for borrowers, renters, and lenders, largely due to high-interest rates and the possibility of an

Optimize the Success of Your Investment Portfolio with a DSCR Loan for Rental Property

DSCR Loan for Rental Property- Sprint Funding

Investing in rental properties can be a profitable way to build passive income.  But how do you finance a rental property purchase?  Traditional loans may not always be the best option, especially if you’re looking to take out a large loan. This is where DSCR loans come in. Debt Service

Real estate investors are pulling back from the housing market with home buying down 30%, report says

Investor home buying has fallen 30% over the past year as high prices and rising interest rates cause companies to pull back from the US housing market, according to a report.

These Housing Markets Will Be The Most Resilient During The Correction

Tampa and Boise are starting to look shaky while Buffalo and Cleveland show stability.

Rent Growth Has Peaked—And Could Start Declining

Rent growth is beginning to slow down, with a few markets showing negative year-over-year growth.

Single‐Family Homes Slip Nearly 20% YoY

Through a late-October announcement, the Federal Housing Finance Agency (FHFA) stated it has “validated and approved” of the FICO 10T and VantageScore 4.0 credit scoring models and will be accepted for use by government-sponsored entities Fannie Mae and Freddie Mac (the GSE’s). 

Breaking Down Q3 2022’s Mortgage Market Opportunities Report

Sales Boomerang and Mortgage Coach announced the release of the Sales Boomerang’s latest Mortgage Market Opportunities Report. Despite significant year-over-year declines in mortgage volume, the Q3 2022 report showed an increase in Credit Improvement Alerts—signaling the opportunity for lenders to offer timely advice and tailored financial solutions to prospects with newly improved credit scores.

Housing Sentiment Slips Again, Nears Record Low

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In September, only 19% of consumers indicated that it’s a good time to buy a home –down from 22% the prior month– while 59% indicated that it’s a good time to sell. Year over year, the full index is down nearly 14%.

Homeownership Remains ‘Historically’ Unaffordable in Most of U.S.

Numbers continue to be far above the near 70% of counties that were historically less affordable in Q3 of 2021, —marking yet another high point reached during the country’s 11-year housing market boom.

August Inventory Holds Steady; Market Remains 600,000 Units Short

After posting gains this summer, for-sale inventory levels stalled in August growing at a fraction of the rate seen in recent months as sellers are more frequently choosing to remain in their homes instead of moving.