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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)
When the Economy Turns Down, Will Your Company Be Ready? A 10-Step Practical Guide to Preparing Your Go-to-Market Program
By Mark Coronna, Area Managing Partner and CMO of Chief Outsiders John C. Maxwell, the American author, speaker, and pastor who has written many books on leadership has a wonderful quote about growth that says: “Change is inevitable, growth is optional.” There may be another version of this we should be paying attention to, and… Read more...
CoreLogic Reports U.S. Overall Delinquency Rate Lowest for a February in Nearly Two Decades
CoreLogic, a global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report. The report shows, nationally, 4% of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in February 2019, representing a 0.8 percentage point decline in the overall delinquency rate… Read more...
From Around the Industry
Why Support Someone Who Is Trying to Put You Out of Business? This came in from Remax today: RE/MAX strongly believes the role of a real estate agent in the homebuying and selling process is more important than ever. Consumers faced with the largest, most complex financial transaction of their lives should have a knowledgeable… Read more...
Seriously Underwater U.S. Properties Increase From A Year Ago
ATTOM Data Solutions today released its Q1 2019 U.S. Home Equity & Underwater Report, which shows that at the end of the first quarter of 2019, more than 5.2 million (5,223,524) U.S. properties were seriously underwater (where the combined balance of loans secured by the property was at least 25 percent higher than the property’s… Read more...
Better.com Expands Lending Into Five News States
Better.com, a company that leverages machine learning and AI to digitize and automate every step of the home financing process to make homeownership more affordable and accessible, today announced it has expanded into several new markets, including Montana, New Mexico, Rhode Island, Nebraska and Wyoming. The expansion follows a $85M Series C capital raise and… Read more...
AEI: New Construction Starts Is Key To Affordable Housing
According to new data presented by American Enterprise Institute (AEI), the quest for affordable housing still has a way to go. For one, the standards of accommodation and equipment are above what lower income groups are accustomed to and are also above the means of these groups. Secondly, the idea of achieving meaningful cost reduction… Read more...
Freddie Macs New Security Provides Liquidity To Small Lenders
Freddie Mac (OTCQB: FMCC) announced a new effort to help financial institutions with less than $10 billion in assets access additional liquidity for the financing of affordable housing. The newly created Private Placement PC Swap execution (PPP) enables a lender to swap a pool of loans backed by affordable properties for Freddie Mac Multifamily PCs… Read more...
CFPB Proposes New Rules for Debt Collecting
Today the Consumer Financial Protection Bureau (Bureau) issued a Notice of Proposed Rulemaking (NPRM) to implement the Fair Debt Collection Practices Act (FDCPA). Among other things, the NPRM would set clear, bright-line limits on the number of calls debt collectors may place to reach consumers on a weekly basis; clarify how collectors may communicate lawfully… Read more...
Recent Drop In Rates Puts More Government Loans "In the Money" for Refinancing.
The Urban Institutes published its Monthly Chartbook for April. The data showed that a lot of loans are "in the money" when it comes to refinancing. This indicates that the increase in refinancing that that has been seen in the first quarter might be likely to continue. According to Urban Institute "Freddie Mac’s benchmark primary… Read more...
Short Takes From Around the Industry
New Day Financial: Rob Posner, founder and CEO of NewDay USA, the nation's 8th largest VA mortgage lender, announced the company has renewed its warehouse facility with BankUnited for $100 million. The company now has a total of $400 million in warehouse commitments, that also includes Texas Capital Bank and People's United Bank. Wolters Kluwer:… Read more...More...
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