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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)
S&P CoreLogic: Rate of Home Price Increases Continues to Decrease
The rate of home price increases across has continued to decrease across the country. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 4.3 percent annual gain in January, down from 4.6% in the previous month. [caption id="attachment_9471" align="alignleft" width="300"] David Blitzer[/caption] The 10-City Composite annual increase came in at 3.2 percent,… Read more...
Indies, Bank Subsidiaries Lose Money on Every Loan
Independent mortgage banks and mortgage subsidiaries of chartered banks continued to lose money on every loan they originated in the fourth quarter—but the loss was far smaller. Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net loss of $200 on each loan they originated in the fourth quarter of 2018, down from… Read more...
Resitrader Launches API That Enables Automated Pricing, Trade Confirm, Offer Pick-Up
Resitrader has launched the first in a series of application programming interfaces designed to create an integration with investors’ in-house systems and automate critical functions throughout the digital loan trading process. Resitrader is the digital-loan trading platform from Optimal Blue. The API allows the investor to connect to the Resitrader marketplace and automate pricing, offer… Read more...
MortgageHippo Integrates with HouseCanary
HouseCanary has made its valuation solutions available on MortgageHippo's digital mortgage platform through an integration between the two companies. "While proptech might be a new buzzword and one of the largest investment sectors in real estate today, no one should be without high quality data when dealing in such a strong purchase money environment, especially… Read more...
First American Real House Price Index Drops 1.9%
The First American Real House Price Index reported a 1.9 percent decrease in real house prices between December 2018 and January 2019. “While 2018 was characterized by declining affordability, ending the year with a five percent yearly decline in house-buying power, this trend reversed sharply in early 2019,” said Mark Fleming, chief economist for First… Read more...
It’s Time to Modernize Loan Disclosures, a Root Cause of Many Mortgage Industry Problems
By George Baker The mortgage industry’s consumer loan information disclosure model is antiquated, flawed, inflexible and outdated. Regulators love to regulate static outdated models like ours. Without realizing it, mortgage lenders have fostered and amplified compliance, legal and regulatory problems because we continue to do business the same, old way. As other industries provide speedy,… Read more...
Freddie Mac Appoints Brickman to CEO Post
Freddie Mac has appointed David Brickman to succeed Donald Layton who is retiring as chief executive officer on July 1. Brickman, who is the current president of Freddie Mac, will be the fourth CEO of the mortgage-finance company since the government took over the company 10 years ago. He will also join the board. The… Read more...
Two New Jersey Men Arraigned in Reverse Mortgage Scheme
Two New Jersey men have been arraigned for their roles in a reverse mortgage scheme that took advantage of elderly homeowners face up to 30-year-prison terms, according to U.S. Attorney Craig Carpenito. Philip Puccio Jr., 40, of Mahwah, N.J., and Rafael Peralta, 46, of Clifton, N.J., were indicted Feb. 8, 2019, by a federal grand… Read more...
U.S. Bank to Implement Black Knight Servicing Platform
U.S. Bank, the fifth largest commercial bank in the U.S., will implement Black Knight's Servicing Digital solution. The web solution delivers detailed, timely and highly personalized loan information to the bank’s mortgage customers about their loans and delivers "what-if" simulators and tools to show how wealth can be built from these real estate assets. Servicing… Read more...
Fidelity National Launches Digital Title Closing Capability
Fidelity National Financial has launched its digital title closings capability. Developed in partnership with Black Knight Inc. this new closing experience supports both hybrid and digital closing options and is integrated with FNF's title production systems. Designed to digitally engage homebuyers and sellers in the process well in advance of the closing signature ceremony, the… Read more...
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