By Rob Chrisman
Posted To: Pipeline Press
Originators, who work with plenty of renters who want to be owners, should know that the Harvard Joint Center tells us that, “We’re finally seeing the record growth in renters slow down, but while the market has responded to rental housing needs for higher-income households, there are alarming trends that suggest a growing inability to supply housing that is affordable for middle- and working-class renters, let alone those with very low incomes.” Here’s the American Rental Housing report. Company News Will Wells Fargo ever catch a break? Now it is being sued by the Navajo Nation over its “predatory sales practices.” Randolph Bancorp, based in Stoughton, Massachusetts, is “aligning its mortgage banking headcount with current origination volumes.” And thus layoffs. Isn…(read more)
Via:: THL Invests in G-Rate; Fair Lending and HMDA News
