Production of new first-lien home loans fell sharply in the first quarter of 2018, although the market was not that far off from how it began a year ago. [Includes two data charts.]
The dollar volume of loans originated for fix-and-flip transactions increased by 27 percent on an annual basis in 2017, according to Attom Data Solutions, a firm that tracks sales deeds. While loan volume and market share are increasing for fix-and-flip financing, industry analysts suggest that the market is more “rational” than it was in the run up to the financial crisis.
The senator disagreed with comments made earlier in the day by HUD Deputy Secretary Pam Patenaude, who said there aren’t enough legislative days left...