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From the biggest market disruptors to housing legislation, here’s what mortgage lenders are expecting in 2022
JPMorgan Chase and Wells Fargo recently released their latest earnings reports, showing that mortgage originations and lending had double-digit drops over the previous year, and JPM CEO Jamie Dimon told analysts, “Non-banks are becoming competitors."
With a better idea of when they could be penalized for lending to unqualified applicants, banks should ease credit requirements.
Buyers are leaving metro markets en masse to settle in more affordable suburbs
The boom and then bust of nonprime mortgage lending in the United States caused enormous damage to individuals, communities, the national economy, and the global financial system, according to a report by the Joint Center for Housing Studies of Harvard U
Originations of large jumbo loans that exceed the conforming limits set for Freddie Mac and Fannie Mae could hit a level this year that hasn’t been seen since the run up to the 2008 credit collapse.
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