MARKET TRENDS
Quarter Trend Comparison: Landscape Mostly Unchanged Second quarter 2023 trends are similar to first quarter.
PAVEL TCHOURLIAEV
O
verall, we're seeing the same trends as we did in the first quarter: rising interest rates, rising fees, movement toward safer investments. Closing ratios are down significantly, indicating lenders are more selective about the loans they are willing to do. Note: These data include detailed breakdowns of numbers that are most likely to affect lenders' day-to-day decision-making. However, numbers are based on national data, which may not be as relevant to your specific
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PRIVATE LENDER BY AAPL
DEFINITIONS geographic area. The analysis is based on data exclusively from lenders who have undergone complete onboarding and actively utilized the system during both the first and the second quarters of 2023. The dataset encompasses nearly 15,000 loans, ensuring a comprehensive representation of the market dynamics during the specified period. Keep in mind that although the loan product definitions included here may serve as a guide for readers, lenders self-select the loan type for each transaction they enter into the platform.
Fix-and-Flip: Short-term loan for the renovation of residential property Standard: Conventional 30-year mortgage with standard consumer borrower Commercial: Loan for the purchase of non-residential, commercially zoned property Construction: Loan for new, ground-up construction of residential or commercial property