Wednesday, April 24, 2024
Home Industry Insight

Industry Insight

Loan Performance Remained Stable in March, ICE’s First Look Report Shows

Mortgage delinquencies were at a rate of 3.2% as of the end of March, a decrease of 4.15% compared with February but up 9.4%...

Housing Starts Slowed in March as Market Starved for Inventory 

By most measures, March was a bad month for U.S. housing starts, due mainly to stubborn inflation, rising rates and a Federal Reserve that...

Jason Perkins: Why Now is the Time to Spring Into Digital Marketing

Mortgage lenders have been relying on CRM software to maintain their customer relationships and grow their businesses for decades. But it’s when the housing...

Homeowners Have Zero Incentive to Upsize in This Current Housing Market  

With mortgage rates now well above 6.5% and home prices rising to all-time highs due to lack of inventory, first-time homebuyers are getting discouraged...

Community Reinvestment Act Gets Modernized – But Will Lenders Be Challenged to Comply?

Revisions to the Community Reinvestment Act (CRA) were signed into effect Tuesday by the Board of Governors of the Federal Reserve System, the Federal...

MBA: Mortgage Origination Volume Forecast to Jump 19 Percent in 2024

Mortgage origination volume will reach $1.95 trillion in 2024 - up from the $1.64 trillion expected in 2023 - according to the Mortgage Bankers...

ATTOM: Foreclosure Activity Increased in the Third Quarter

Foreclosure filings — including default notices, scheduled auctions or bank repossessions — increased 28% in the third quarter compared with the second quarter and...

ATTOM: Homeownership Now Consumes 35 Percent of the Average Wage Nationwide

Homeownership became significantly less affordable during the third quarter, as both mortgage rates and home prices continued rise, according to ATTOM’s 2023 U.S. Home...

New Home Sales Plummeted in August as Mortgage Rates Continued to Rise

New home sales dropped 8.7% in August compared with July, as the average rate for a 30-year fixed-rate mortgage hovered at around 7.2%, according...

Housing Starts Dropped in August as Mortgage Rates Soared

Housing starts dropped in August as mortgage rates hit new highs and affordability eroded for first-time homebuyers. According to estimates from the U.S. Census Bureau...

U.S. Home Prices Continued to Rise in July, Despite Higher Mortgage Rates

Driven by lack of inventory - and despite higher mortgage rates - U.S. home prices continued to increase in July, rising 0.4% compared with...

New Home Sales Jumped in April as Buyer Demand Remains Strong 

New home sales increased 4.1% in April compared with March and were up 11.8% compared with April 2022, according to estimates from the U.S....

Maxwell Acquires LenderSelect Mortgage Group

At a time when the mortgage market is constricting and many big tech players are facing difficulties, some fintech solution providers - particularly those...

Mortgage Applications Jump as Rates Dip and Fed Indicates Easing

Mortgage application volume took a nice jump last week as mortgage rates dipped and the Fed gave strong indication that it could soon be...

Case-Shiller: U.S. Home Prices Increased in February Following Seven Straight Months of Declines

U.S. home prices increased 0.2% in February compared with January and were up only 2.0% compared with February 2022, according to the S&P CoreLogic...

LOs Must Establish Strong Customer Relationships Right From the Start

With the hope of a busy spring homebuying season, mortgage lenders are getting ready for new business. While the market still poses a challenge...

The Era of Super-Affordable Mortgages is Over: What’s Next in 2023? 

As the mortgage industry moves into April 2023, a lot of things have already changed. The era of super-affordable mortgages is over, and new strategies...

The Benefits of Employment History Insights Amidst Volatile Labor Markets

Shifting borrower employment trends could mean incremental work for mortgage lenders when they are looking to find efficiencies. This year, mortgage lenders have contended with...

California Court of Appeals Invalidates Default Interest Provision 

Default interest is a hot button for borrowers, lenders, and the courts. Most courts inherently do not like default interest because they see it...

How Mortgage Servicers Can Navigate Rising ARMs Successfully

Adjustable-rate mortgages (ARMs) are making a comeback. In 2021, when the average 30-year fixed mortgage rate was 2.65%, there was little demand for ARMs....