The mismatch between higher home prices with higher interest rates and household income is narrowing, according to Stuart Miller, executive chairman, CEO and president of Lennar.
“Two-thirds of mortgage holders compared quotes from multiple lenders during their most recent mortgage-shopping process, but only 54% attempted to negotiate,” according to LendingTree.
Silvio Tavares, president and CEO of VantageScore, downplayed concerns that some originators would use both classic FICO scores and VantageScore 4.0 in the underwriting process and pick the better of the two scores to qualify a borrower.