Are we seeing the start of a market rebound, and if yes, how long may the recovery take or are we just being too optimistic as interest rates rise again? Experts weigh in. The National Association of Realtors (NAR) just released data on pending home sales, and the results were not all that bad – …
Latest Data on Pending Home Sales Reveals Glimmer of Hope Read More »
The most innovative and impactful technology companies serving the mortgage industry are spotlighted in this prestigious award program COSTA MESA, Calif. – March 2, 2023 – MeridianLink, Inc. (NYSE: MLNK), a leading provider of modern software platforms for financial institutions and consumer reporting agencies, today announced it has received two HousingWire 2023 Tech100 Mortgage Awards. …
MeridianLink Mortgage and OpenClose Receive HousingWire 2023 Tech100 Mortgage Awards Read More »
Consumers with high credit card debt today could become borrowers with a distinct buying disadvantage tomorrow. The total amount of credit card debt for American consumers is approaching $1 trillion. Wow, that is a big number! Since the pandemic has seemingly become endemic, there has been a surge in credit card debt in this country. …
Will Consumer Credit Card Debt Impact Mortgage Buying Power? Read More »
Good news about inflation and a strong jobs report is being read by some as bad news that the Federal Reserve could add another interest rate hike or more significant increase next meeting The consumer-price index (CPI) cooled slightly in January, yet, in the rate announced on February 13 there was still a YoY increase …
January Inflation Cools; Eyes Turn to Fed’s Next Meeting Read More »
As these costs rise, home purchasing power declines. What impact will these costs have on homebuyers? More Americans are struggling to pay off medical debt, recent studies show, and for many households, this may impact the bottom line when it comes to budgeting for the rest of life’s expense, including housing. To add context, in …
Do home sales appear more stable than they really are? Home sale concessions are a powerful tool in the arsenal of the home seller. This tactic is frequently used during a “buyers’ market.” More recently, many home sale transactions have started to include “goodies” offered by the seller to sweeten the deal for the homebuyer. …
Are Home Seller Concessions Artificially Boosting Home Prices? Read More »
With mortgage rates off highs, applications are revving up and down. So, what’s in store for the mortgage market? Mortgage rates are trending downward and could continue to fall in the months ahead even though the Federal Reserve continues to raise the federal funds rate. Since the Fed started its upward trajectory on the Fed …
Down payments for new and used cars are higher than ever as car loan delinquencies rise Several months ago, OpenClose™ posted a blog that detailed how soaring car payments could impact a borrower’s ability to qualify for a mortgage or access funds for a desired home at current prices. Now, continued interest rate hikes make …
Car Payments Keep Soaring, Taking an Even Bigger Bite Out of Prospective Homebuyer DTI Read More »
With its acquisition by MeridianLink®, customers gain access to cutting-edge resources that can propel their businesses forward and further benefit their borrowers and members. The acquisition of OpenClose by MeridianLink® represents a new dawn for OpenClose customers with ample tools to thrive via the innovation and support granted by MeridianLink and its wealth of resources. …
Occasionally lumped together, there are similarities, but also important, distinct differences When consumers, borrowers, and businesses are frustrated with behemoth banks, they sometimes believe there is no other depository or lending institution to which they can turn in order to hold their savings or help their business (personal or professional). So, when clients are considering a …
Walking the Line Between Community Banks and Credit Unions Read More »