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Emerging Trends in Mortgage Lending: Navigating the Landscape with Confidence Explore the emerging trends in mortgage lending, including digital platforms, data-driven decisions, green lending, and regulatory changes, and how they are reshaping the industry.
Lending (1516)
HomeStreet to Sell Loan Centers, MSA Holdings
Homestreet Inc. has retained Keefe, Bruyette & Woods to seek buyers to acquire its stand-alone home loan centers . Also, the Company has retained MountainView Transaction Advisory LLC to seek buyers for the majority of its single-family mortgage servicing rights principally related to loans originated by those home loan centers and personnel. These moves could… Read more...
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Commerce Home Mortgage Is Now a Member of FHLB
Commerce Home Mortgage LLC has become a member of the Federal Home Loan Bank of San Francisco. In addition, it is one of the few independent mortgage companies that is approved with Fannie Mae, Freddie Mac, Ginnie Mae, and has been certified as a community development financial institution. Membership in the FHLB system offers many… Read more...
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Stewart, Fidelity 'Disagree' with New York Regulator’s Disapproval Notice on Merger
Stewart Information Services Corp. has reported consolidated pretax income of $19.7 million in the fourth quarter of 2018, compared to $17.5 million in the same period a year earlier. The title business generated pretax income of $29.5 million in the fourth quarter of 2018, compared to $27.0 million in the same period a year earlier.… Read more...
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Black Knight Revenues Rise 6%; Loan Origination Solution up 35%
Black Knight reported that its revenues for the year ended Dec. 31, 2018, increased 6 percent to $1,114.0 million, compared to $1,051.6 million in 2017. Earnings for the same time period were $168.5 million, or $1.14 per share, compared to $182.3 million, or $1.47 per diluted share, in 2017. In the fourth quarter, revenues from… Read more...
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Delinquency Performance Improving: Corelogic
The percentage of mortgages that were in delinquency fell to 4.1 percent in November 2018, compared with the same time period a year earlier, when the rate stood at 5.2 percent, according to the “Loan Performance Insights Report” from Corelogic. As of November 2018, the foreclosure inventory rate, which measures the share of mortgages in… Read more...
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Quicken: Valuations Diverge Between Appraisers, Homeowners
The average American homeowner thinks their home is appreciating faster than appraisers do. Appraisal values in January were an average of 0.47 percent lower than what homeowners estimated, according the national Quicken Loans Home Price Perception Index. January was the third consecutive month in which the gap between these data points widened from the previous… Read more...
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KeyBank Has Deployed Black Knight's MSP
KeyBank has implemented the Black Knight MSP servicing system for its mortgage portfolio. The aim was to drive efficiency and improve risk management at the bank. MSP delivers a scalable system, which helps clients manage all servicing processes--from payment processing to escrow administration, customer service, and default management. It was engineered to support almost any… Read more...
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Black Knight, Others Complete D&B Acquisition; Foley Ascends to Chairman
An investor group led by Black Knight Inc. and others has completed the acquisition of Dun & Bradstreet Inc., which had already been announced. The other lead investors include Cannae, CC Capital Partners, Bilcar, and funds affiliated with Thomas H. Lee Partners. William P. Foley, was appointed executive chairman of the board for Dun &… Read more...
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Report: Millennials Chose Purchase Loans
Millennials closed more purchased loans in December 2018, even in the face of higher-interest rates and fewer homes. [caption id="attachment_9345" align="alignright" width="200"] Tyrell: Most Millennials were single when they bought homes.[/caption] “Many Millennials are prioritizing homeownership and rather than being deterred by a tight market, they’re increasingly competing for available homes or moving to areas… Read more...
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Home Affordability Improving: Fannie
The Fannie Mae Home Purchase Sentiment Index increased in January, rising 1.2 points to 84.7 and paring some of its recent losses-- and down 4.8 points compared with the same time last year. The increase can be attributed primarily to an eight-percentage point jump in the net share of Americans who reported substantially higher household… Read more...
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