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In the past 15 years, Hometown had only originated a handful of reverse mortgage loans, David Weinstein, recently-appointed national HECM manager at Hometown Lenders, told RMD in an email in advance.
From FICOs to purchase volume, here’s a look at seven mortgage lending trends that will shape the housing market this year.
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A number of mortgage market trends are setting the pace for what to expect from originations this year. Higher rates are signaling fewer refinances from a year ago, and are also dictating how a lender’s product mix will evolve, according to Ellie Mae.
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