Could the home flipping trend overheat the housing market?
Take a look at the latest credit union mortgage loan origination activity.
How to deliver the best mortgage lending experience.
Home flippers earned an average gross profit of $58K, the highest level since Q3 2005.
Mortgage and auto loan default decreases fueled the overall drop, while card defaults increased 17 basis points.
The decrease comes as a result of a 20% year-over-year drop in loan refinances.
Credit unions can capitalize on consumers’ need for home equity loans and second mortgages.
U.S. home sellers see the largest gains since 2007; San Francisco sellers lead the way with a 72% gain.
Credit unions that deliver an effortless member experience can reap rewards.
Realtor.com chooses neighborhoods based on their growth in households, jobs and new construction projects.