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Navigating Volatile Markets: Strategies for Mortgage Lenders in 2023 Explore strategies for mortgage lenders to navigate volatile market conditions in 2023, focusing on interest rate adaptation, digital transformation, and customer-centric approaches.
Lending (1527)
Javelin Strategy & Research Names Austin Kilgore to Lead Digital Lending Practice
Javelin Strategy & Research today announced the hiring of consumer finance and fintech expert, Austin Kilgore. In his new role, Kilgore will lead Javelin's expansion into Digital Lending. After Kilgore will advise clients on emerging technologies and strategies that provide an exceptional experience and deliver faster and more accurate underwriting and portfolio management decisions across… Read more...
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HELOC Customers Crave Alternative Funding Sources, Digital Offerings
HELOC customers are more likely than ever to shop for alternative sources of funding and lenders are falling short on digital offerings, according to the “J.D. Power 2019 U.S. Home Equity Line of Credit Satisfaction Study.” "HELOC providers have a privileged position in the consumer lending space by virtue of the relationships they already have… Read more...
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Navy Federal Deploys Mortgage-Backed Securities Platform
Navy Federal Credit Union, the largest retail credit union with over $97 billion in assets, has deployed Broadridge Financial Solutions' Mortgage-Backed Securities Expert SaaS platform. It’s a mortgage-backed securities processing solution that is engineered to give its users a competitive advantage in this multi-trillion-dollar market. Navy Federal is the first credit union that has been… Read more...
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Lenders Profit Margins Improve, Stronger Demand Seen as the Reason
The net profit margin outlook for mortgage lenders, while still negative, improved significantly in the first three months of 2019, due to stronger demand expectations for purchase and refinance mortgages, according to Fannie Mae's first quarter 2019 Mortgage Lender Sentiment Survey. [caption id="attachment_9271" align="alignleft" width="352"] Doug Duncan[/caption] "Lenders appear less pessimistic regarding mortgage demand expectations;… Read more...
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CFPB Report: Some Servicers’ Late Fees Run Amok of Regs
The Consumer Financial Protection Bureau examinations determined that mortgage servicers charged borrowers late fees greater than the amount permitted by their mortgage notes. To be sure, examiners identified several types of affected mortgage notes. For example, certain Federal Housing Authority mortgage notes permit servicers to collect late fees in the amount of 4 percent of… Read more...
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Gap Between Appraiser Opinions, Homeowner Perception of Value Widens: Quicken
February marks the fourth consecutive month the gap between owner estimates and appraiser opinions of home value has widened, though the difference remains small at a national level. Appraisal values in February were an average of 0.5 percent lower than what homeowners expected, according to the National Quicken Loans Home Price Perception Index. Home-value perception… Read more...
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First United Reports Net Income of $10.7M for 2018
First United Corp. reported consolidated net income available was $10.7 million for the year ended Dec. 31, 2018, compared to $4.1 million for 2017. First United is a holding company and the parent company of First United Bank & Trust. Basic and diluted net income per common share for the year ended Dec. 31, 2018 … Read more...
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CoreLogic Integrates OnSite with Encompass Platform
CoreLogic has integrated its OnSite property condition reports with the Ellie Mae Encompass platform. OnSite is a property condition report coupled along with a local market conditions and patent-pending features that are specifically designed to help institutions meet the Federal requirements when an automated valuation model is used for mortgage lending purposes. “Organizations are always… Read more...
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Trade Groups Urge FASB to Delay CECL
Nine financial services trade organizations are urging in a joint letter to the Financial Accounting Standards Board to delay implementation of its current expected credit loss standard to ensure there are no unintended consequences. Among the nine groups are CUNA and the Mortgage Bankers Association. In response to a proposed change in implementation of CECL,… Read more...
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Fannie's HPSI Holds Steady in February, Borrowers Less Bullish on Home Prices
The Fannie Mae Home Purchase Sentiment Index decreased 0.4 points in February to 84.3, reversing some of the increase seen in January. The HPSI is down 1.5 points compared with the same time last year. The largest change among the HPSI components this month was a 9-percentage point drop in the net share of Americans… Read more...
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