More bad news for mortgage brokers and bankers as The Commerce Department reported today that new homes sales dropped 8.5% last month, representing the lowest level (slowest pace) in over 16 years.  On top of this came news that the median price of new home sales dropped by the largest amount in almost 4 decades, the drop was 13.3% from a year ago.

Mortgage brokers looking to expand into new territories in hope of bumping revenue should take a look at our state by state mortgage broker licensing guidelines.  We have just added a few new states: Oregon mortgage broker bond, Pennsylvania mortgage broker bonds, and for South Carolina mortgage brokers.