Monthly Archives: May 2018

Non-QM and Digital Products; Global Events Driving our Capital Markets

Plenty of people I know agree with the this Forbes article titled, “We Have Learned Nothing From The Mortgage Market Meltdown.” Builders are reducing labor costs by using premanufactured products that also require low maintenance. And what’s not to like about taking … Continue reading

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Existing Home Sales Reverse Course, Down 3%

Existing home sales put an end to two straight months of gains, retreating in April on both a monthly and annual basis.  The National Association of Realtors® said the sales of single-family homes, townhouses, condos, and cooperative apartments dropped by 2.5 … Continue reading

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New Home Sales Continue to Improve on Annual Basis

New home sales dipped in April, a reversal that was expected by many analysts. The U.S. Census Bureau and the Department of Housing and Urban Development said sales of newly constructed homes during the month were at a seasonally adjusted annual … Continue reading

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Mortgage Rates Unchanged to Begin Week

May 21 2018, 3:38PM   Mortgage rates held steady today, which is better than what could be said for most of last week when rates shot up to the highest levels in 7 years.  Friday was the only day of improvement, but … Continue reading

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First Time Home Buyers

Superior Mortgage Lending specializes in First Time Home Buyers We are here to educate borrowers and lead you to the first step to becoming a homeowner. At Superior Mortgage we make your Dream Home Work For You! The process is … Continue reading

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Tips for Moving With PETS

May is National Moving Month. It marks the official beginning of the moving season, a four-month period between Memorial Day and Labor Day when millions of American families relocate. And because some 68 percent of Americans consider their pets to … Continue reading

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Monitor: Eye-Catching Decline in Defaults, Deceleration in Home Prices Sighted

May 7 2018, 11:22AM   The month of March nearly always sees a significant decline in the national delinquency rate.  The average March decrease during this century has been just under 11.0 percent.  Black Knight has speculated in the past … Continue reading

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Residential Building Drags Down Construction Numbers

The construction spending report for March was a bit of a jolt, especially given the reason for the unexpected decline.  Some significant softness in private residential spending drove the Census Bureau’s estimated overall spending for the month down 1.7 percent to a … Continue reading

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