Tuesday, January 28, 2020
Home Industry Insight

Industry Insight

Mortgage Lenders Are Now in the Experience Business

It’s no secret that the last decade has seen drastic changes in customer expectations that are changing the way companies do business....

Mortgage Servicer Retention Rates Fell in Q3 Despite Robust Refinance Volume

After reporting in September that mortgage servicer retention rates increased in the second quarter as a result of increased refinance volume, the...

Federal Financial Regulators Cautiously Support Use of Alternative Credit Data

Five federal agencies including the Federal Reserve, Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of...

Case-Shiller: Home Price Deceleration May Have Ended in September

U.S. home prices increased yet again in September - but the overall rate of appreciation continued to slow.Home...

FHFA to Re-Propose Capital Rule for Fannie Mae and Freddie Mac

The Federal Housing Finance Agency (FHFA) says it plans to re-propose the entire regulation on capital requirements for government-sponsored enterprises (GSEs) Fannie...

Fitch: E-Mortgage Adoption Slowed by Several Obstacles

Mortgage lenders have not made as much progress in adopting digital mortgage solutions as one might think, a recent report from Fitch...

Black Knight: Early Stage Mortgage Delinquencies on the Rise

Although the overall mortgage delinquency rate continues to improve, the rate of improvement has slowed, data from Black Knight shows.

MBA: Mortgage Origination Volume in 2019 ‘Best Since 2007’

Due to low mortgage rates and a subsequent surge in refinances, mortgage origination volume is expected to reach $2.06 trillion this year,...

Existing-Home Sales Retreated in September Following Two Months of Gains

After two months of increases, existing-home sales fell 2.2% in September compared with August to a seasonally adjusted annual rate of 5.38...

Rising Home Prices Have Significantly Impacted Affordability For African Americans

Fewer than one in 10 homes for sale last year were affordable to African American households in San Francisco, Los Angeles, Seattle,...

Mortgage Delinquency Rate For July Hit Lowest Level in 20 Years

Just when you think mortgage performance can’t get any better, it improves yet again.According to CoreLogic, just 3.8%...

How Mortgage Servicers Can Prepare For the Next Downturn

When mortgage rates fell during the first half of 2019, it surprised housing industry watchers, many of whom had been predicting that...

Rising Family Income Helped Keep Mortgage Delinquency Rate Low in May

The U.S. mortgage delinquency rate in May continued to hover at the lowest level in more than 20 years.

Strong Job Market, Low Mortgage Rates Lift Consumer Sentiment Toward Housing

Consumer sentiment toward the housing market improved in July, reaching a score of 93.7 on Fannie Mae’s Home Purchase Sentiment Index (HPSI).

Bots Helping Lock Desk Teams Complete Their Reviews Faster

After several years of focus on modernizing the borrower experience, the mortgage industry is finally turning its attention to improving the lender...

Inventory Problem Persists as Housing Starts Fell Again in June

Housing starts continued to disappoint in June, falling to an adjusted annual rate of 1.253 million, a decrease of 0.9% compared with...

The Nonquantifiable Benefits of Choosing the Right Mortgage Technology

In mortgage lending, the landscape is constantly evolving, and the solutions created for yesterday’s challenges may not be helpful when trying to...

Black Knight: Prepayment Activity Has More Than Doubled During Past Four Months

Spurred mainly by lower mortgage interest rates, prepayment activity has more than doubled over the past four months to reach the highest...

Independents Realizing Stronger Per Mortgage Profit than Large Banks

With shrinking volume and rising production costs, it’s no wonder mortgage lenders are having a miserable time realizing decent profits.

Mortgage Closing Rate Rises to Highest Level in at Least 16 Months

Despite falling mortgage rates, the refinance share of total mortgage volume fell to 32% of all loans in May, down from 35%...

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