Mortgage Rates Continue to Climb Above 5 Percent
Freddie Mac’s Primary Mortgage Market Survey (PMMS) results show that the 30-year fixed-rate mortgage averaged 5.11% with an average 0.8 point as of April...
Foreclosure Filings Rose 132 Percent from Q1 2021 to Q1 2022
ATTOM, parent company to RealtyTrac, has released its Q1 2022 U.S. Foreclosure Market Report, which shows a total of 78,271 U.S. properties with a...
Karen Kulwin: State Regulators are Increasing Their Scrutiny of Mortgage Licensing Requirements
PERSON OF THE WEEK: Licensing is an extremely important aspect of mortgage compliance, yet it is often taken for granted. Most of the entities...
Mortgage Costs Rise 20 Percent Since December 2021
Quickly rising mortgage rates are compounding affordability challenges that have been brought on by record home value growth. The cost of a 30-year mortgage...
NAR Reports a March Drop in Existing-Home Sales
Existing-home sales decreased in March, marking two consecutive months of declines, according to the National Association of Realtors.
Month-over-month, sales in March waned in three...
Housing Starts Increased in March, But Production is Expected to Slow
Housing starts were at a seasonally adjusted annual rate of 1.793 million in March - an increase of 0.3% compared with February and an...
How the Cloud is Giving Lenders Greater Control
Increasingly, mortgage lenders are making the cloud a priority in their strategic technology investments and gaining operational efficiencies through new cloud-based technology from large...
More Homeowners Staying Put with Mortgage Rates Below Current Levels
About half (51%) of U.S. homeowners with mortgages have a mortgage rate under 4% – substantially below the current level of 5%, according to...
Skates, Dixon Join Equity Prime Mortgage in Top Positions
Equity Prime Mortgage (EPM) has hired Eric Skates as chief people officer and Shalanda Dixon as chief of staff.
"If there are any two people...
Fannie Mae Downgrades Economic Growth, Housing Market Predictions for 2023
Expectations of aggressive monetary policy tightening through 2023 by the Federal Reserve are likely to further soften economic output already being weighed down by...
SitusAMC Adds Licensed Underwriting to Loan Fulfillment Support Services
In this current purchase-driven market, mortgage lenders are struggling to maintain volume and compete for market share while navigating increasing origination expenses, rising interest...
Freddie Mac Expects Purchase Market to Stay Stable with Rising Rates
Freddie Mac has predicted that the single-family purchase market will remain solid in 2022 despite increases in mortgage rates. A new quarterly forecast released...
How Does Profit Margin Compression Affect the Mortgage Industry?
BLOG VIEW: Profit margin compression is currently one of the most significant factors impacting profitability and business efficiency for mortgage lenders.
Lender profit margin expectations...
Fannie Mae Registers Fastest Annual Price Change in Index History
The Fannie Mae Home Price Index (FNM-HPI) accelerated in Q1 2022 to its fastest annual pace in the 47-year history of the index, measuring...
Redfin Sees Lower Demand as Sellers Begin to Drop Prices
Early-stage homebuying demand continues to falter this spring, as new listings fell 7% from a year earlier, according to a new report from Redfin....
Cindy Baird Leads Nations Lending National Operations
Nations Lending, a national full-service mortgage lender, has added to its executive team by bringing in Cindy Baird as executive vice president of national...
New Home Applications Dropped 5 Percent Year over Year
Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for March 2022 show mortgage applications for new home purchases decreased 5% compared to a...
Freddie Mac: Fixed-Rate Mortgage Average Reaches 5 Percent
The results of Freddie Mac’s Primary Mortgage Market Survey (PMMS) show that the 30-year fixed-rate mortgage (FRM) averaged 5% with an average 0.8 point...
How Lenders Can Help More Borrowers Achieve Homeownership
BLOG VIEW: With rising rates and home prices consistently going up, homeownership may seem like a far stretch for some. In fact, in 2021,...
Mortgage Bankers Saw Average Profit Per Loan Drop in 2021 Compared with Stellar 2020
Mortgage bankers made an average profit of $2,339 on each loan they originated in 2021, down from a record $4,202 in 2020, according to...