Equifax Inc. called out a weaker mortgage market Wednesday as it trimmed its outlook for the full year.
“We... Equifax Inc. called out a weaker mortgage market Wednesday as it trimmed its outlook for the full year. “We expect the weaker-than-expected U.S. mortgage market that we saw in June to continue,” Chief Executive Mark Begor said in a Wednesday afternoon release. The new outlook accounts for “the more negative impact of the weaker mortgage market and loss of high-margin mortgage revenue.”Read: The party’s over for America’s housing market, but this real-estate CEO believes it will recover
Don’t miss: Just 1.4% of the nation’s homes changed hands this year, the lowest level in a decade, Redfin says
Source: News Formal (newsformal.com)
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