– In June, mortgage credit availability barely increased as the industry continues to operate at reduced capacity
– This reduced capacity is due to the ongoing pandemic and the resulting economic uncertainty
– As a result of this reduced capacity, mortgage rates have increased and there has been a decrease in the number of loan programs available
You can read this full article at: https://www.housingwire.com/articles/mortgage-credit-availability-remained-unchanged-in-june/(subscription required)
Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.