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Daily Mortgage News & Commentary

Daily Mortgage News & Commentary

Daily Mortgage News & Commentary

July 16: Rent cap response, AI, DSCR tools, CFPB Townstone case, Trump trade

The percentage of refinances of overall volume has fallen dramatically from a few years ago, leaving purchases to be the basis of business out there. Lenders are asking themselves, “How’s our non-owner product?” Investor buyers accounted for 15 percent of home purchases in the first quarter of 2024, the highest share in the data’s history. The…

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