Single-family rental market slammed by headwinds
Single-family rental investors and their lenders face challenges: rent growth is slipping, vacancy rates are growing and a possible recession looms.
Single-family rental investors and their lenders face challenges: rent growth is slipping, vacancy rates are growing and a possible recession looms.
A Midwest bank is the latest to shut down part of its mortgage lending operations and shed payroll amid dwindling origination activity. North American Savings Bank Financial and its thrift subsidiary NASB confirmed Wednesday that it is exiting its consumer direct business to originate mortgages nationwide for sale in the secondary market. The Kansas City, … [Read more…]
A Midwest bank is the latest to shut down part of its mortgage lending operations and shed payroll amid dwindling origination activity. North American Savings Bank Financial and its thrift subsidiary NASB confirmed Wednesday that it is exiting its consumer direct business to originate mortgages nationwide for sale in the secondary market. The Kansas City, … [Read more…]
The mortgage rate for 30-year fixed loans declined to 6.33% this week, down 15 basis points compared to the previous week.