People ask why I have a problem with sensationalist headlines. Who you gonna believe, Realtor.com who tells us that foreclosures are spiking, or CoreLogic, who tells us that mortgage delinquencies are at an all-time low, both on the same day? Logically, given the equity position that many borrowers have (including plenty of all-cash buyers that have been going strong), their credit profile, and a huge demand by millions of people in their 20s and 30s, a lot of foreclosures makes no sense. And growth in certain areas continues, something that every lender should be aware of. Nine of the nation’s 15 fastest-growing cities were in the South, according to Vintage 2022 Population Estimates released by the U.S. Census Bureau. Of the nine fastest-growing cities in the South, six were in Texas. Following the population increase of 14 percent in Georgetown, Texas, was Santa Cruz, California, with a 12 percent increase, adding roughly 7,000 people to its population. The next three fastest-growing cities were also in Texas: Kyle, Leander, and Little Elm. (Today’s podcast can be found here and this week’s is sponsored by SimpleNexus, the homeownership platform that unites the people, systems, and stages of the mortgage process into one seamless, end-to-end solution that spans engagement, origination, closing, incentive compensation, and business intelligence. Today’s has an interview with Change Wholesale’s Bill Durham on cycle time and the customer experience.) Strength in Numbers
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