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Expected slowdown in remodeling is good news for mortgage business

As mortgage rates increase over the next few years, home improvement activity is likely to increase with them. This may seem counter intuitive, but you can expect two somewhat opposing effects: one highly positive and one slightly negative. Negative Effect. The negative effect will stem from an expected slowdown in the growth of home sales.

John Ralston  · John Ralston – "Gone Gone Gone" [official video] vagrant Records. Loading. Unsubscribe from Vagrant Records? Cancel Unsubscribe. Working. Subscribe Subscribed Unsubscribe 29K.Citizens Bank adapts to a market that continues to defy predictions Citizens Bank adapts to a market that continues to defy. – Tight housing inventory and some unexpected behaviors from potential buyers and sellers of homes have prompted Citizens Bank to make changes to its services and mortgage-loan products. sonu mittal, head of the bank’s retail mortgage division, said in an interview with National Mortgage News that housing affordability concerns – the product of insufficient new-home construction.

Expected slowdown in remodeling is good news for mortgage business Remodeling activity stepped up in recent years as homeowners stayed put for nearly twice as long as before the housing bubble burst, but several forecasts point to a potential slowdown on the horizon, which is a welcome sign for the mortgage business.

Every one of us with an interest in the mortgage business, whether it be a vested financial interest or otherwise, has to be wondering what the future of the industry is going to look like.

Mortgage rates fell to 3.84% in mid-June according to Freddie Mac, but could they go lower? A lot lower? Even the lowest they’ve been in 50 years? Mortgage rate commentator Barry Habib is making.

Expected slowdown in remodeling is good news for mortgage business 2 months ago admin Remodeling activity stepped up in recent years as homeowners stayed put for nearly twice as long as before the housing bubble burst.

PrimeLending adds joint venture with Dallas homebuilder Weir Texas FHA Loan The Department of Justice had alleged that between Jan. 1, 2006, and Dec. 31, 2011, eagle home knowingly submitted loans for FHA insurance that did not qualify. home mortgage senior vice president.. To qualify for FHA refinance, your home needs to be your primary residence. Here’s an overview of the 4 types of refinance loans that FHA offers, and what they mean for you.

Strong Economy Supports Remodeling Amid slow housing turnover, the remodeling industry is poised for growth through the year 2021.. The positive growth in the RRI marks the 28th consecutive quarter of. The index is expected to average YOY gains of 3.2% in 2019, 2.3% in. Local Market News.

Or maybe a buy-and-rehab loan for your next flip or rental renovation project?. Sometimes you just need a quick loan to buy a new property and renovate it!. While Visio Lending only offers landlord loans, Lending One offers great fix 'n flip options.. Expect a down payment of at least 10%, and often in the 20-25% range.

Fresh figures from the Australian Bureau of Statistics show a clear divergence in home lending, with investor loans declining and a strong pickup in owner-occupied borrowing. The May housing finance data, released this week, showed a 1.4 per cent contraction in the value of investor loans and a 2.9.

Star Reliable Mortgage operators sentenced LOS ANGELES – A Van Nuys man pleaded guilty Monday to orchestrating a $17 million real estate fraud scheme that preyed on distressed homeowners. Michael "Mickey" Henschel, 70, is expected to.SunTrust, BB&T could become CRE lending powerhouse in the Southeast  · As the 5th largest insurance holder in the U.S., BB&T is already familiar with turning insurance industry heads. With the acquisition, the TBD named-bank will capitalize on BB&T’s insurance strengths combined with SunTrust’s corporate and investment bankingknowledge to create a financial powerhouse.