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Are you ready to take your mortgage business to new heights? We have some exciting news for you! In the latest episode of A&D Digest, we delve into the world of mortgage lending and capital markets, bringing you valuable insights and powerful tools to help you thrive.
Join us as we sit down with industry experts Alex Suslov and Michael Pearson from A&D Mortgage, who share their expertise on options for tapping into home equity and other topics. Among the highlights:
Among the highlights from this episode:
- Discussing the concept of home equity and its value, particularly during an economic downturn.
- Outlining several options for accessing home equity, including cash-out refinance, HELOCs, and fixed-rate second mortgages.
- Inviting brokers to participate in an upcoming webinar on July 18 on the subject of home equity options
- Announcing upcoming improvements in product guidelines, including reduced documentation requirements for 1099 income, shorter business ownership history, and cash-out for reserves.
- Reviewing the ease and benefits of fix and flip transactions and emphasizing the importance of understanding mortgage guidelines.
MARKET NEWS
- DSNEWS — May’s Data Reports Spike in Foreclosure Activity. According to May’s U.S. Foreclosure Market Report, published by ATTOM Data, there were a total of 35,196 properties with a foreclosure filing against them, up 7% from April 2023 and 14% year-over-year.
- DSNEWS — Flippers Accounted for 9% of Q1 Home Sales Nationwide. ATTOM’s Q1 2023 U.S. Home Flipping Report shows that 72,960 single-family homes and condominiums in the nation were flipped in the first quarter of the year—representing 9% of all sales nationwide.
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