Existing-Home Sales Increased For Third Straight Month in August
Existing-home sales increased for a third consecutive month in August, rising 2.4% compared with July to a seasonally-adjusted annual rate of 6 million, according...
Forbearance Share Continues to Fall
The share of mortgages in COVID-19-related forbearance plans continued to shrink during the week ended Sept. 6, dropping 15 basis points to 7.01%, down...
Origination Volume Quickly Bounced Back from COVID
The COVID-19 crisis ravaged a majority of U.S. industries during the second quarter, resulting in a peak unemployment rate of nearly 14% in April,...
Share of Mortgages in COVID-19 Forbearance Plans Continues to Grow
The share of mortgages in COVID-19 related forbearance plans increased to 8.36% during the week ended May 17, according to the Mortgage Bankers Association....
Housing Starts Fell 30% in April But Are Expected to Rebound
Due to the coronavirus pandemic and subsequent social distancing constraints, housing starts tumbled in April, falling 30.2% compared with March, according to the U.S....
Share of Mortgages in Forbearance Reaches Nearly 8 Percent
The share of mortgages in forbearance plans as of May 3 had grown to 7.91% - or nearly 4 million loans - according to...
Rate of Requests For Mortgage Forbearance Plans Has Slowed in Recent Weeks
As of April 30, more than 3.8 million U.S. homeowners were in COVID-19-related forbearance plans, representing 7.3% of all mortgages - however, the rate...
Third-Party Data Now Critical For Mortgage Lenders’ Technology Initiatives
Today’s borrower is more knowledgeable about the mortgage process than previous generations. Instant access to residential property information, including tax data, historical value, and...
A Connected Funnel: Uniting Sales and Marketing
Of all the potential hurdles and challenges in mortgage lending, time and expertise around lead engagement are the biggest constraints for loan originators.
Lenders want...
For Mortgage Lenders, Technology is the Path to Survival
Companies like Amazon and Uber are dictating the new normal for consumers: Given the amount of time it takes for these companies to receive...
Mortgage Lenders Are Now in the Experience Business
It’s no secret that the last decade has seen drastic changes in customer expectations that are changing the way companies do business. The mortgage...
Mortgage Servicer Retention Rates Fell in Q3 Despite Robust Refinance Volume
After reporting in September that mortgage servicer retention rates increased in the second quarter as a result of increased refinance volume, the trend appears...
Federal Financial Regulators Cautiously Support Use of Alternative Credit Data
Five federal agencies including the Federal Reserve, Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency...
Case-Shiller: Home Price Deceleration May Have Ended in September
U.S. home prices increased yet again in September - but the overall rate of appreciation continued to slow.
Home prices increased 0.4% on an adjusted...
FHFA to Re-Propose Capital Rule for Fannie Mae and Freddie Mac
The Federal Housing Finance Agency (FHFA) says it plans to re-propose the entire regulation on capital requirements for government-sponsored enterprises (GSEs) Fannie Mae and...
Fitch: E-Mortgage Adoption Slowed by Several Obstacles
Mortgage lenders have not made as much progress in adopting digital mortgage solutions as one might think, a recent report from Fitch Ratings shows.
“Today,...
Black Knight: Early Stage Mortgage Delinquencies on the Rise
Although the overall mortgage delinquency rate continues to improve, the rate of improvement has slowed, data from Black Knight shows.
In addition, early stage delinquencies...
MBA: Mortgage Origination Volume in 2019 ‘Best Since 2007’
Due to low mortgage rates and a subsequent surge in refinances, mortgage origination volume is expected to reach $2.06 trillion this year, the best...
Existing-Home Sales Retreated in September Following Two Months of Gains
After two months of increases, existing-home sales fell 2.2% in September compared with August to a seasonally adjusted annual rate of 5.38 million, according...
Rising Home Prices Have Significantly Impacted Affordability For African Americans
Fewer than one in 10 homes for sale last year were affordable to African American households in San Francisco, Los Angeles, Seattle, Denver and...