Helping to drive the decrease in refinance share in June was rising mortgage interest rates.
Two recent reports show that millennials are facing some major hurdles when it comes to homeownership. A recent report from the Urban Institute, funded through...
In mortgage, the digital point-of-sale (POS) has become all the rage and lenders are rapidly jumping on the digital POS bandwagon. Whether they’re deploying...
The spring home shopping season has so far been a bit of a bust. Existing-home sales in May were at a seasonally adjusted annual rate...
Despite rising home prices and higher mortgage interest rates, millennials are more determined than ever to become homeowners, recent industry reports show. In First American’s...
Broker-dealers are increasingly encouraging their originator clients to consider building custom, single-issuer pools.
Lenders’ average time to close is expected to continue to decrease as they leverage digital mortgage solutions and, as a result, gain improved efficiency.
“The annual increase sends an optimistic message for the housing market as it signals some relief for the housing shortage.”
Median home prices rose by 1.24% nationally since the start of 2018, with both January and February having their strongest respective single-month growth rates in 13 years.
Extending this unique product to existing borrowers as they age is a fantastic way to retain them for life while growing one’s business.
In May 2017, the Auditing Standard Board of the American Institute of Certified Public Accountants (AICPA) issued its new Statement on Standards for Attestation...
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.