Mortgage lenders are opening access to credit as mortgage interest rates continue to rise, according to the latest Housing Credit Availability Index.
Are mortgage lenders responsible for ensuring applicants have not taken on new debt? It’s a compliance hot topic as we all know that sometimes borrowers, upon applying for a mortgage, learn their credit score and then go try to buy a car
But as seniors amass record-breaking levels of home equity and express an overwhelming desire to age in their homes, it’s also easy to see why this product could eventually rack up more volume as Baby Boomers continue to retire.
One of the nation’s biggest real estate brands is planning to launch its own direct buying business, and its siblings may not be far behind.