Rob Nunziata: The Challenge of Keeping Remote Mortgage Workers Compliant
PERSON OF THE WEEK: Although many workers have returned to the office since the pandemic began in early 2020, the trend of remote work...
Mortgage Credit Availability Dipped in December
Mortgage credit availability decreased 0.1% in January and remained at the lowest level since 2013, according to the Mortgage Bankers Association’s (MBA) Mortgage Credit...
Some Mortgage Lenders May Need to Act Now on New Fannie Mae Requirements
BLOG VIEW: In December, Fannie Mae announced significant changes to its Approved Seller/Servicer requirements where, starting in 2023, Sellers must sell a minimum of 12 loans to...
Guild Mortgage Builds Footprint in Southwest Via Legacy Acquisition
Guild Mortgage, a mortgage company that originates and services residential loans, has increased its Southwest presence with the acquisition of Legacy Mortgage, an independent...
New White Paper Seeks to Unravel Mysteries of AI/ML in Mortgage
Black Knight Inc. has released a complimentary white paper that addresses the considerations organizations must take when they are seeking to apply artificial intelligence...
United Wholesale Mortgage Names Andrew Hubacker its New CFO
Andrew Hubacker has been named chief financial officer at United Wholesale Mortgage (UWM).
Hubacker was originally recruited by the late Timothy Forrester, UWM’s previous CFO,...
Mapping Out 2023’s Mortgage Compliance Priorities and Market Pressures
BLOG VIEW: The congressional elections of November 2022 bucked the expectations of past mid-terms. While the Republican party did grab nine seats to gain...
Strong Job Growth in January as Unemployment Rate Dipped to 3.4 Percent
The U.S. economy added 517,000 in January, way above expectations, while the unemployment rate dipped to 3.4%, according the U.S. Bureau of Labor Statistics.
The...
Mortgage Rates Down Nearly a Full Percentage Point From November
Mortgage rates inched down during the week ended Feb. 2, with the average rate for a 30-year fixed-rate mortgage falling to 6.09%, down from...
MBA: Mortgage Applications Fell Last Week Despite Lower Rates
Mortgage applications decreased 9.0% on an adjusted basis during the week ended January 27, with applications for refinances falling 7% and applications for purchases...
Pete Pannes: Mortgage Servicers Looking to Cut Staffing Face Compliance Conundrum
PERSON OF THE WEEK: The Mortgage Bankers Association’s (MBA) most recent Loan Monitoring Survey shows that the total number of loans in forbearance has...
U.S. Home Prices Fell For a Fifth Straight Month in November
U.S. home prices fell for a fifth consecutive month on November, down 0.3% on an adjusted basis compared with October but up 7.7% compared...
Survey: 80 Percent of Millennial Homebuyers Are in Debt
A survey recently conducted by real estate firm Clever found 80% of would-be millennial home buyers are in debt, with nearly half (46%) $10,000...
Rising Pending Home Sales Show Buyers Returning to Housing Market
Pending home sales fell 26% year over year during the four weeks ending January 22, the smallest drop in more than three months, according...
New Home Sales Increased 2.3 Percent in December
New home sales increased 2.3% in December compared with November but remained down 26.6% compared with December 2021, according to estimates from the U.S....
Veros: How This Housing Market Downturn is Different From 2008
How is the current housing market downturn different from the downturn of 2008-2009?
A recent report from valuations solutions firm Veros lays out the reasons...
December Figures Show Mortgage Application Payments Dropped 2.9 Percent
Homebuyer affordability improved in December, with the national median payment applied for by purchase applicants decreasing 2.9% to $1,920 from $1,977 in November. This...
Redfin Observes Housing Market Recovery Across the U.S.
The housing market has begun to recover after hitting a low point in the second week of November, according to Redfin. The number of...
CoreLogic Officially Names Selma Hepp as Chief Economist
CoreLogic has named Selma Hepp as chief economist. She was named interim chief economist in July 2022. Prior to her interim role, Hepp served...
Black Knight Data Show Mortgage Delinquencies Decreased 8 Percent by End of 2022
Black Knight Inc. says the total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure) was 3.08% at...