Carrie B. Reyes | firsttuesday Journal

Mortgage delinquencies remain low — for now

Posted by Carrie B. Reyes | Sep 18, 2023 | Real Estate |

Mortgage delinquencies persist near historic lows in 2023 — but are slowly on the rise.

In 2022, the number of consumer mortgage loans originated by DFPI licensees was down a shocking 70% from the prior year.

Mortgage loan availability fell in July 2023 to its lowest level in a decade for non-qualified mortgages (QMs).

Would-be renovators are finding themselves wedged between a rock and several hard places.

Posted by Carrie B. Reyes | Aug 31, 2023 | Real Estate |

Year-to-date sales volume is a fee-killing 28% below 2022 as of July 2023.