Lending

Lending (1509)

Servicer Retention Rates Fall in Q3: Black Knight

After hitting an 18-year low in Q4 2018, refinance lending has nearly doubled (+94%) over the past three quarters. In Q3 2019, refinance lending hit its highest level in nearly three years. Read more...

Fannie, Freddie Name Common Securitization Solutions CEO

Fannie Mae and Freddie Mac have announced Anthony Renzi as the CEO of Common Securitization Solutions. So reports the Philadelphia Business Journal. Read more...

Millennial Refinances Hit Record High in October

The monthly share of refinances closed by millennials rose to a new high in October, according to the latest Ellie Mae Millennial Tracker report. Read more...

Jobs Growth Rebounds Strongly in November

A surprisingly great jobs reports for November has joined positive consumer sentiment, resilient spending and a soaring stock market as another positive sign for the U.S. economy amid concerns about a global slowdown. So reports CNBC. Read more...

Regulatory Panel Calls Out Nonbank Mortgage Lenders as Risk

The Financial Stability Oversight Council has called the rise of nonbank mortgage lenders and servicers a potential threat to financial stability. So reports Reuters. Read more...

Mortgage Delinquencies See Strong Decline in October: Black Knight

Black Knight provided a “first look” at October 2019 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market. Read more...

Rising House-Buying Power Accelerating House Price Appreciation: First American

First American Financial released the September 2019 First American Real House Price Index (RHPI). The RHPI measures the price changes of single-family properties throughout the U.S. adjusted for the impact of income and interest rate changes on consumer house-buying power over time at national, state and metropolitan area levels. Read more...

Mortgage Fraud Risk Reaches Turning Point: First American

First American Financial released the First American Loan Application Defect Index for October 2019, which estimates the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications. Read more...

Fed Official Proposes Capping Interest Rates in Next Downturn

Federal Reserve Governor Lael Brainard has argued that the Fed should think about putting a ceiling on interest rate levels when facing future economic downturns. So reports CNBC. Read more...

Weekly Mortgage Activity Rises 1.5% As Rates Stay Low

Total mortgage application volume increased by 1.5% in the week ended November 22, compared with the previous week, according to data from the Mortgage Bankers Association. So reports CNBC. Read more...

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