Renovation: A Path to Fair Lending
Think the Community Reinvestment Act’s (CRA’s) focus on measuring how many loans are made to underserved, largely low- and moderate-income communities does not apply...
Lending Compliance and Limited English Proficiency Consumers: What Lenders Need to Know
The U.S. Census Bureau reports that more than 60 million Americans over age five - about 20% of the U.S. population - speak a language other...
New Home Sales Slid in March as Affordability Concerns Kicked In
New home sales are often a good barometer of the housing market because, if completed new homes aren’t moving, it probably means buyers are...
How the Cloud is Giving Lenders Greater Control
Increasingly, mortgage lenders are making the cloud a priority in their strategic technology investments and gaining operational efficiencies through new cloud-based technology from large...
Compliance Basics for New Mortgage Professionals
Over the last decade, many professionals have left the mortgage industry. Between the housing crash, rising rates, low inventory, forbearances and all the resulting...
CoreLogic: Home Prices Continued to Rise Rapidly in February, Smashing Records
U.S. home prices jumped 2.2% in February compared with January and were up 20% compared with February 2021, according to CoreLogic’s home price index...
New Home Sales Jumped 14 Percent in September as Demand Outstrips Supply
New home sales were at a seasonally adjusted annual rate of 800,000 in September, an increase of 14.0% compared with a revised 702,000 in...
Setting the Right Strategy for 2022
The Mortgage Bankers Association’s mortgage volume forecast is the writing on the wall. It shows that the refinancings that accounted for over 75% of...
Mortgage Delinquency Rate Fell to Nearly Pre-Pandemic Levels in July
The U.S. mortgage delinquency rate fell to nearly pre-pandemic levels in July, decreasing to 4.2% of all mortgages. However, serious delinquencies remained elevated, according...
Case-Shiller: Home Price Growth Has Shattered Records for Four Consecutive Months
Lack of inventory coupled with strong demand for single-family housing due to the pandemic continued to push home prices to record highs in July,...
Housing Starts Jumped in August as Builders Battled Supply-Side Constraints
Housing starts reached a seasonally adjusted annual rate of 1.6 million in August, an increase of 3.9% compared with July and up a whopping...
Overall Delinquency Rate Dropped Again in June But Serious Delinquencies Stubbornly High
The U.S. mortgage delinquency rate fell to 4.4% in June, the lowest in more than two decades and down significantly from 7.1% in June...
CoreLogic: U.S. Home Prices Hit Record Annual Increase in July
U.S. home prices continued to rise at a rapid pace in July, increasing 1.8% compared with June and jumping a record 18% compared with...
Home Prices Saw Largest Annual Gain Since 2005 as Affordability Concerns Rise
U.S. home prices continued to surge in March, rising 1.5% on an adjusted basis compared with February and jumping a whopping 13.2% compared with...
8 Red Flags Indicating Fair Lending Risk
Risk management is all about identifying, measuring, monitoring and controlling risk, and fair lending risk is no exception.
Here are eight red flags that may...
U.S. Home Prices Increased Again in August, Despite Pandemic
U.S. home prices continued to increase at a modest rate in August, rising 1.0% on a seasonally adjusted basis compared with July, according to...
Foreclosure Activity Hit a Record Low in Q3, Despite COVID-19 Crisis
Foreclosure activity has, for all intents and purposes, ground to a halt due to moratoria put in place by the federal, state and local...
The Emerging Paradox: Mortgage Delinquencies on the Rise, Along with Home Sales
There is an emerging paradox in the U.S. housing market: home sales are rising and demand has never been stronger - yet mortgage delinquencies...
CoreLogic: Home Price Appreciation Expected to Slow in 2021
U.S. home prices increased about 1% in August compared with July and were up 5.9% compared with August 2019, according to CoreLogic.
Driving the increase...
Rate of Defects in Mortgage Applications Continues to Fall
The rate of defects in mortgage applications continued to decrease in August, due mostly to the fact that applications for refinances made up a...