As with any regulatory update, decommissioning the old processes can wreak confusion and breed mistakes during the introductory period.
The average amount of property tax paid by a U.S. homeowner in 2017 was $3,399, an increase of 3% compared with $3,296 in 2016.
The key to using alternative sources of credit for the underwriting of mortgage loans is standardization of the alternative credit scoring model.
The two main factors driving home price appreciation are low inventory and a low vacancy rate among owner-occupied housing.
Automation and AI will revolutionize the due diligence industry, allowing 100% of all loans to be audited and graded in much shorter periods of time.
For the real estate sector, the thought of higher rates is strangely worrisome.
There are ways to make default management more efficient for the servicer and less disruptive for the consumer.
'Refinances will taper back off to industry-projected levels of 25 to 30 percent in the coming months.'
As regulations for the mortgage industry continue to evolve, leaders should carefully invest in the most meaningful training courses for their staff.
What’s really needed to move the housing sector - and mortgage originations with it - is a greater certainty that the economy has firmed.
Although lenders might not need to worry as much about enforcement of the new HMDA rules, they have plenty of other compliance matters to be concerned about.
"There might be regulatory relief coming - but that still involves the cost of unwinding the systems you have in place," the CFO of Churchill Mortgage tells MortgageOrb.
Lack of supply was a huge factor impacting the housing market in 2017 and we can expect more of the same in the coming year, Fannie Mae's chief economist tells MortgageOrb.
In a country with more than 20,000 taxing authorities, making a tax change that affects the timing of tax payments with no notification to the affected parties has tremendous consequence.
Mortgage lender and servicer settles in order to put "legacy" issues behind it.
The non-QM lending market is forecast to double in 2018, so what's driving the growth?
Early-stage delinquencies on the rise after storms strike Texas, Florida and Puerto Rico.
There are more than 24,000 tax agencies or taxing authorities across the country - each with its own rules, processes and guidelines.
Mortgage lenders are finding that it is tough to generalize about the millennial generation - and research is showing us some reasons why.
In the past year, the GSE has rolled out a series of innovative pilot programs geared to address affordability issues from DTI to down payments.