Total Mortgage Identifies Key Trends in the Mortgage Marketplace in 2011
Summary
The problem stems from a lack of comparable home sales due to the slowing real estate market, as well as a significant increase in the number of distressed properties selling at a sharp discount.Total Mortgage was included in the Inc. Magazines list of Americas Fastest Growing companies in 2010 and holds Better Business Bureau “A” ranking since 1997.The problem stems from a lack of comparable home sales due to the slowing real estate market, as well as a significant increase in the number of distressed properties selling at a sharp discount.Many of the lenders who are funding jumbo loans are portfolio investors, and very few lenders have the capital and wherewithal to hold portfolio jumbo loans.· Borrowers will significantly increase their use of the online mortgage process – from research to closing: A recent Lending Tree survey found that 21% of consumers shop for mortgages online.Total Mortgage was included in the Inc. Magazines list of Americas Fastest Growing companies in 2010 and holds Better Business Bureau “A” ranking since 1997.