Home Sale Profits Remain High with Unusual Fall in Q2 2021
ATTOM’s Q2 2021 U.S. Home Sales Report shows that profit margins for home sellers took an unusual dip in the second quarter but still...
Gizem Lanphar: The Big Tech Giants Have ‘Paved the Way’ to Current Borrower Expectations
The shift to an all-digital, online and “contactless” mortgage process - propelled by the pandemic - has forever altered borrowers’ expectations.
While there will always...
Credit Applications Mostly Up to Pre-Pandemic Levels
The Consumer Financial Protection Bureau has published an issue brief showing that consumer applications for new mortgages, auto loans and revolving credit cards had...
House Price Index Up 18 Percent from Last Year
House prices rose nationwide in May, up 1.7 percent from the previous month, according to the Federal Housing Finance Agency’s (FHFA) latest House Price...
Peculiar Things About Mortgage Compliance That Title Agents Must Know
BLOG VIEW: Mortgage title issues can prove to be a significant cost to a lender and/or servicer irrespective of whether the loan is insured.
Lenders...
Home Prices in May Saw Largest Annual Increase in More Than 30 Years
U.S. home prices in May increased 1.7% on an adjusted basis compared with April and were up a whopping 16.6% compared with May 2020,...
Share of Mortgage Loans in Forbearance Decreases
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 2...
Affordability Declined for Third Consecutive Month
The chief economist’s analysis of First American Financial Corporation’s May 2021 First American Real House Price Index (RHPI) shows record nominal house price appreciation...
FinLocker and eCredable Team to Help the ‘Credit Invisible’ Establish Credit
FinLocker and eCredable have joined forces to create eCredable LiftLocker, a program designed to help the “credit invisible” establish credit, thus paving the path to...
Midyear Multifamily Outlook Forecasts Return to Pre-Pandemic Trends
With demand for multifamily housing now exceeding pre-pandemic levels, Freddie Mac Multifamily’s midyear outlook is projecting rising rents, falling vacancies and a record-setting origination...
The White House’s Latest Actions Focus on Foreclosure Prevention
Shortly after taking office, the Biden-Harris administration extended the foreclosure moratorium and mortgage forbearance enrollment period for homeowners with government-backed mortgages to provide relief...
Matt Young: How COVID-19 Impacted Field Sales
PERSON OF THE WEEK: The last year and a half has been a challenge for many workers in the mortgage industry. Across the board,...
Mortgage Delinquency Rate Falls to Lowest Level Since Pandemic Began
The national mortgage delinquency rate in June hit its lowest level since the onset of the pandemic, falling to 4.37% of all loans, according...
Redfin: Housing Supply Side Is Beginning to Show Some Strengthening
According to a new report from Redfin, housing supply is gradually gaining momentum as the number of homes for sale begins to increase and...
Mauricio Assumes Post As Freddie Mac Chief Compliance Officer
Freddie Mac has named Jerry Mauricio as the company’s senior vice president and chief compliance officer, having served as the GSE’s interim CCO since...
Mortgage Rates Continued to Drop This Week
Mortgage rates continued to trend down this week, with the average rate for a 30-year falling to 2.78%, down 10 basis points from 2.88%...
Existing-Home Sales Increased in June
After decreasing for four consecutive months, existing-home sales increased 1.4% in June compared with May and were up 22.9% compared with May 2020 according...
Covius Document Solutions Now Being Used by New American Funding for Default Servicing
New American Funding has implemented Covius Document Solutions for its default servicing operations.
Specifically, New American will use Covius’ 50-state template library and on-demand printing...
Mr. Cooper Makes Executive-Level Personnel Moves
Mr. Cooper Group Inc. has named Shawn Stone executive vice president and chief revenue officer, as well as promoted Jay Jones to executive vice...
Tavant Offering New AI-Powered Lending-as-a-Service Platform
Digital lending solutions provider Tavant has introduced its new Touchless Lending platform, an AI-powered lending-as-a-service platform that maximizes the use of data-driven processes to...