Only 7 percent of real estate agents and 4
percent of mortgage professionals are Hispanic; 25 percent of Hispanics, however, would prefer to work with a Spanish - speaking agent.
With less than 10
percent of mortgage professionals being culturally diverse, being relatable to a growing number of diverse homebuyers is no small feat.
Supply is especially challenged in California and Texas, with 73
percent of mortgage professionals in California and 58
percent of mortgage professionals in Texas saying limited listings are the primary impediment to home - buying in their state.
Not exact matches
Although a large number
of consumers and buyers had opted for offers with locked
mortgage rates, according to the Canadian Association of Accredited Mortgage Professionals, there is still a large population, constituting almost 31 percent of all mortgages, who will be directly affected by any sudden hike in the intere
mortgage rates, according to the Canadian Association
of Accredited
Mortgage Professionals, there is still a large population, constituting almost 31 percent of all mortgages, who will be directly affected by any sudden hike in the intere
Mortgage Professionals, there is still a large population, constituting almost 31
percent of all
mortgages, who will be directly affected by any sudden hike in the interest rate.
Real estate
professionals say the 0.25
percent increase in the rate that banks charge each other for overnight loans is not spurring home buyers to jump into the market out
of concern that
mortgage rates are going to follow suit.
Twenty - eight
percent of consumers say they felt like they were not a priority to their
mortgage professional during the loan process.
A report by
Mortgage Professionals Canada, a national mortgage - broker industry association, forecasts about 18 percent of home buyers — or about 100,000 people a year — would not qualify for their preferred home purchase option under new rules announced in October by Canada's banking regulator, the Office of the Superintendent of Financial Insti
Mortgage Professionals Canada, a national
mortgage - broker industry association, forecasts about 18 percent of home buyers — or about 100,000 people a year — would not qualify for their preferred home purchase option under new rules announced in October by Canada's banking regulator, the Office of the Superintendent of Financial Insti
mortgage - broker industry association, forecasts about 18
percent of home buyers — or about 100,000 people a year — would not qualify for their preferred home purchase option under new rules announced in October by Canada's banking regulator, the Office
of the Superintendent
of Financial Institutions.
The survey, conducted for FICO by the
Professional Risk Managers» International Association (PRMIA), found lenders more bullish on the housing recovery than at any point in three years, with 71
percent of respondents saying home prices are «rising at a sustainable pace» in the context
of mortgage lending risk.
Mortgage professionals generally tell borrowers to expect a home refinance to cost 3
percent to 6
percent of the loan amount.