5 stories on mortgages in commercial real estate.
Non-QM loans are expanding homeownership access for self-employed and gig economy workers by using bank statements and cash-flow analysis instead of W-2 income.
Mortgage lenders are adopting VantageScore 4.0, which incorporates rent and utility payment data to score an estimated 33 million more consumers than traditional FICO models.
The 30-year fixed mortgage rate fell to 6.23% for the third consecutive week, reaching its lowest level in over a month, per Freddie Mac data.
Homebuyer mortgage demand dropped year-over-year for the first time in over a year as geopolitical tensions dampen consumer confidence and borrowing appetite.
Mortgage refinance demand has dropped sharply in recent weeks as rising interest rates and geopolitical uncertainty push borrowers to the sidelines, a trend with implications for CRE capital markets.