The Appraiser ‘Shortage’: What Can Be Done?
Recent research shows that the number of appraisers will shrink over the next five years due mainly to a mostly older workforce that will soon retire.
TRID And Construction-To-Permanent Loans: Completely Incompatible?
Because construction-to-permanent loans are, in essence, two separate loan products packaged into a single transaction, it has been challenging for lenders to use the new disclosures with these loans.
TRID: How Long Will The Pain Last?
Can the mortgage industry successfully adapt to this new regulation - or will it forever struggle with it?
TRID: Will Lenders Ever Get It Completely Right?
The question is: Will the industry adapt to TRID, or will longer closing timelines and increased operating costs become the "new normal"?
TRID: A Thorn In The Mortgage Industry’s Side
There is solid evidence, at this point, that the CFPB's new TRID rules are delaying closings, slowing originations and increasing the average cost per loan for mortgage lenders.
Good News For Fannie And Freddie Shareholders?
The plaintiffs in one of the lawsuits involving Fannie Mae and Freddie Mac received some good news in July - and people involved...
SEO ‘Largely An Afterthought’ For Most Mortgage Lenders
Considering millennials' proclivity to use Internet search tools to find just about anything or everything - including a mortgage - lenders today would...
Black Knight: Non-Mortgage Debt Among Homeowners Highest In 10 Years
Mortgage holders in June were carrying more non-mortgage debt than at any point in the past 10 years, with an average of $25,000...
Black Knight: Non-Mortgage Debt Among Homeowners Highest In 10 Years
Mortgage holders in June were carrying more non-mortgage debt than at any point in the past 10 years, with an average of $25,000...
Data And Analytics: Helping Real Estate Investors Pinpoint Opportunities
A recent study from real estate data and analytics firm HouseCanary shows that baby boomers drove most of the growth in the single-family...
The CFPB’s Consumer Complaint Narratives: How Damaging Are They?
When the Consumer Financial Protection Bureau (CFPB) announced last year that it would be publishing consumer complaint narratives on its website, mortgage industry...
Recent SCOTUS Decision On Disparate Impact A Win For Lenders?
The mortgage banking industry initially let out a collective gasp of horror when, last month, the U.S. Supreme Court upheld a circuit court's...
TRID: New Deadline, Same Fears And Anxieties
Although mortgage professionals applaud the Consumer Financial Protection Bureau's (CFPB) recent decision to delay implementation of the new TILA-RESPA Integrated Disclosure (TRID) rules...
Housing Starts Rose 6.3% In September
Housing starts climbed to annual rate of 1.02 million in September, an increase of 6.3% compared to the 957,000 pace that was forecast...
CoreLogic: Completed Foreclsures Up 5.9% In March
About 48,000 foreclosures were completed in March, an increase of 5.9% compared to the approximately 45,000 completed in February and a 10% decline...
Mortgage Compliance Puts New Focus On Vendor Customer Support
At the beginning of this year, our company predicted that 2013 would be the 'Year of Docs,' and our prediction has proven correct....
Despite Rising Property Values, Eminent Domain Plans Still On The Table
Although the rate of underwater mortgages has decreased significantly in the past year due to rising property values, politicians, research analysts, investment professionals...
REO-To-Rental Securitizations: Wacky Idea Or Sound Investment?
As former homeowners become renters in droves, corporate landlords and large investors are finding a new way to cash in on the trend....
FHFA Takes Action On Lender-Placed Insurance – But Is It Enough?
The Federal Housing Finance Agency (FHFA) is taking action to resolve issues surrounding lender-placed insurance (LPI) by directing Fannie Mae and Freddie Mac...
Banks Moving Away From Pre-Approvals
Banks are abandoning the use of pre-approvals as a step in mortgage originations. As competition among lenders has dwindled, there is less need...