-
Navigating the Future of Mortgage Lending in an Unpredictable Market Discover how mortgage lenders are adapting to market volatility, embracing digital transformation, and preparing for future trends in the mortgage lending industry.
Lending (1539)
Millennials Prefer Homes In These 3 Cities
Millennial’s interest, or lack of interest, in home ownership has been a source of angst for the mortgage industry. Hard data on the subject has been relatively scarce, though that’s changing. For instance, according to a Lending Tree survey, Millennials in Salt Lake City, Minneapolis and Pittsburgh were more likely to be pursuing homeownership than… Read more...
Tagged under
BuildFax: Single-Family Maintenance, Remodeling Drop in November
The BuildFax Housing Health Report for November found that the year-over-year rate of single-family housing authorizations, maintenance and remodeling have all decreased. This is the first time since 2011 that all three categories have decreased in the same month, pointing to a potential market slowdown on the horizon. The report, which leverages U.S. property condition… Read more...
Tagged under
Workers Credit Union Joins the LoanStreet Lending Platform
Workers Credit Union has joined the LoanStreet Inc. lending platform, which is designed to offers significant cost savings to credit unions by automating manual processes and providing access to its nationwide network of loan buyers and sellers. “We turned to LoanStreet as an alternative funding source for our fast expanding loan operations. We simply had… Read more...
Tagged under
Fannie Mae Names Plutzik As New Chair of Its Board
[caption id="attachment_8529" align="alignleft" width="225"] Jonathan Plutzik, new board chair at Fannie Mae[/caption] Fannie Mae named Jonathan Plutzik to succeed Egbert Perry as chair of the board, effective Dec. 12, 2018. Perry will step down on Dec. 19, 2018, following 10 years of service to the board. "I am pleased to announce Jonathan Plutzik as the… Read more...
Tagged under
ServiceMac Licenses Black Knight MSP to Support Clients
ServiceMac, a provider of sub-servicing and portfolio management services, has selected the Black Knight MSP system to support its clients. It will leverage MSP to deliver a scalable and cost-effective servicing process, with a customer focus that complies with regulations. "We looked at every mortgage servicing platform on the market," said Bob Caruso, president and… Read more...
Tagged under
FHA Loan Limits Increased for 2019
The Federal Housing Administration released its new schedule of loan limits for 2019, with most areas in the country to experience an increase in loan limits in the coming year. FHA is required by the National Housing Act, as amended by the Housing and Economic Recovery Act of 2008, to set single family forward loan… Read more...
Tagged under
Fannie Foresees Slower GDP Growth in 2019
Full-year 2019 real gross domestic products growth is predicted to slow to 2.3 percent, down from 2018's projected 3.1 percent, due to the waning impact of the Budget Reconciliation Act, a widening trade deficit, and moderating business investment growth, according to the Economic and Strategic Research Group at Fannie Mae. [caption id="attachment_7581" align="alignleft" width="150"] Fannie's… Read more...
Tagged under
Freddie Mac: Interest Rates Decline Significantly
Interest rates dropped significantly after several weeks of moderating, according to the Primary Mortgage Market Report from Freddie Mac. [caption id="attachment_8439" align="alignleft" width="272"] Khater: Rates have remained flat or fallen for five straight weeks.[/caption] “The 30-year fixed fell to 4.63 percent this week, the lowest it has been since mid-September,” said Sam Khater, Freddie Mac’s… Read more...
Tagged under
MBA: New Home Purchases Dropped 11% in November
The Mortgage Bankers Association Builder Application Survey data shows mortgage applications for new home purchases decreased 11 percent in November compared with the same time period a year ago. Compared to October 2018, applications declined by 14 percent. This change does not include any adjustment for typical seasonal patterns. [caption id="attachment_8412" align="alignleft" width="144"] MBA's Kan:… Read more...
Tagged under
Finance of America Agrees to $14.5M Fine
Finance of America Mortgage LLC has agreed to pay the United States government $14.5 million to settle a False Claims Act lawsuit involving mortgage fraud. The lawsuit relates to Federal Housing Administration loans originated by Gateway Funding Diversified Mortgage Services, which Finance of America acquired in 2015. [caption id="attachment_8407" align="alignleft" width="288"] Gateway focused on its… Read more...
Tagged under
MOST READ STORIES
Fast,Easy & Free
