Friday, September 20, 2019
Home Industry Insight

Industry Insight

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%...

Report Shows Where Closing Costs Are Highest

Where were closing costs highest in 2018?According to ClosingCorp, which collects and analyzes such data, states with the...

Lower Mortgage Rates, Slowing Home Price Gains Boost Affordability

Affordability is improving, due mainly to lower mortgage rates and slowing home price appreciation, according to Black Knight.In...

How Lenders Can Better Reach the Underserved

Has the mortgage industry, in following stricter lending regulations, locked millions of consumers out of the housing marketplace?A...

How Tax Reform Has Impacted the Housing Market

When the Tax Cuts and Jobs Act was enacted in 2017, it reduced tax breaks for homeowners.Mainly, it...

What Millennials Fear Most About Homeownership: TCO

Mortgage lenders tend to be overly optimistic about the housing market - and who can blame them?Typically, when...

Opposing Forces Keeping Rate of Application Defects in Check

After rising for the previous nine months, the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications...

Mortgage QA/QC Tools: Helping Lenders Understand the Borrower’s ‘Story’

Every great story, fiction or non-fiction, has five key elements: characters, setting, plot, conflict, and resolution. Whether one is reading Snow White...

Mortgage Bankers Saw Origination Volume, Profits Drop in 2018

Ask any mortgage banker how well they did in terms of origination volume in 2018 and they will likely say it was...

Taking the Cross-Sell from ‘Highly Improbable’ to ‘Highly Profitable’

When it comes to mortgage servicing rights (MSRs), the buy/sell decision has rarely been more complex than it is now. Low production...

How Improving the Borrower Experience Can Reduce Closing Times

In today’s digital-first world, most mortgage lenders recognize the value of improving digital experiences for consumers. In fact, 84 percent of financial...

Non-QM Market Growing, But Not Without its Challenges

As refinances plummet and competition over limited purchase volume increases, mortgage originators are increasingly looking to diversify into non-QM lending. There are...

Fix-and-Flip Loans: Rewarding if Managed Properly

With average coupons twice the rate of agency MBS, residential transition loans (RTLs) are a hot product. Any time a whole loan...

Social

379FansLike
6,126FollowersFollow