Tuesday, June 18, 2019
Home Industry Insight

Industry Insight

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...

Rent, Buy or Shared-Equity Mortgage: Finding the Best Option

Americans are debt consumers. Often, we consider debt just an inevitable part of life: buying large items like houses, cars, and financing...

The Suitability and Logic of ‘Suitability Logic’ in Valuations

The automation revolution of the past two decades has transformed the mortgage industry. The software tools available today are helping lenders streamline...

Jump in Contract Signings Bodes Well For Spring Home Buying Season

Will the sun, moon and stars align for a stellar spring home buying season?Will mortgage rates remain stable...

Refinance Share Jumped in January as Mortgage Rates Moderated

The refinance share of mortgage originations increased to 35% in January, up from 29% in December to reach the highest level in...

Mortgage Lending Outlook: What’s in Store for 2019

As the U.S. economy continued to strengthen throughout 2018, mortgage companies increasingly faced challenges related to rising interest rates, a shrinking housing...

Putting the ‘Service’ Back in Mortgage Servicing

Providing exceptional customer service is essential for prolonged success in the competitive mortgage industry. Given the pressure to comply with frequently-changing regulatory...

Frequency of Defects in Mortgage Applications Continues to Rise

Due mainly to rising purchase share and the impact from natural disasters, the frequency of defects in mortgage applications increased 7.4% in...

Lack of Inventory Pushes ARM Share to Eight-Year High

Adjustable-rate mortgages (ARMs) represented 9.2% of all loans originated in December - an eight-year high - according to Ellie Mae’s monthly Origination...

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