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Comparing Year-Over-Year Loan Data: Q1 2022 to Q1 2023

Analysis of the first quarter year-over-year changes reveals that market conditions have exerted pressure on both private lenders and borrowers.

Despite a decrease of volume, lenders have displayed a heightened risk aversion by opting for first mortgages, lower loan-to-value ratios, reduced involvement in commercial and rehab deals, and a preference for ACH as the primary payment method. On the other hand, borrowers have demonstrated a tendency to establish companies before seeking loans, accepting higher interest rates but lower fees. Further, their inclination toward refinancing existing properties suggests they are facing additional financial pressures.

To read the full article, click the link here:

By Mortgage Automator

Private Lender, The Official Magazine of AAPL

Summer 2023 (Q3), p.48-49

Published on July 6, 2023


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