The buzzing Texas university town (Austin) ... saw a 15% increase in mortgage lending from 2008 to 2011, bringing activity by all banks to more than $21.8 billion, according to U.S. Housing and Urban Development data.
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More and more Americans are choosing to rent instead of buy. With two single-family rental securitizations on the market at press time and more likely in the works, this new asset class has the financial market energized..
There are ways mortgage bankers can maintain reasonable profit margins while facing rapid volume changes, new mortgage rules and increasing investor requirements, writes industry expert David Green. Read More