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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.


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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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