Online mortgage lender expands into Florida, seeks to disrupt industry. In the U.S., nonbank lenders accounted for half of all mortgage originations in 2016, a big jump from about 20 percent in 2007, according to a study by researchers from the Federal Reserve and the University of California, Berkeley. There is also some concern, however,
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Mortgage delinquencies are down across the U.S. – but up in South Florida. Here’s why. South Florida’s uptick in early-stage mortgage delinquencies, defined as 30-59 days past due, belies the national trend. According to CoreLogic’s report, the U.S. rate for early-stage mortgage delinquencies was 2.3 percent in October 2017, up 0.01 percent from October 2016.
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Jumbo Mortgage Defaults on the Rise in the Sun Shine States? Mortgage applications were down last week by the largest seasonally. The effective rate also increased. Rates for the Jumbo 30-year FRM were down slightly. The average rate for loans with.
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Florida Foreclosures Show Increase in November The real estate crisis of 2008 continues to drag on in Florida, where foreclosures increased in November 2011, and the state remains high on the nationwide scorecard, ranking seventh overall.