Ryan Dempster, president and CEO of Willamette Valley Bank, cited competition and elevated interest rates as factors that drove the bank away from mortgage lending.
According to Inside Mortgage Finance’s Large Servicer Delinquency Index, the overall delinquency rate increased by 46.6 basis points from the end of September, hitting 3.29% at the end of 2025.
“Low interest rates will solve the Biden-created housing problem while at the same time protecting the values of those people who already own a house,” President Trump said.