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New Home Sales Dipped 8% in January

New Home Sales Dipped 8% in January

Friday, 22 February 2019
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The sale of single-family homes fell 8 percent in January 2019, compared with the same period one year earlier. That’s the fifth consecutive month of year-over-year declines in new-home sales, according to Redfin. But the size of the drop was smaller than in December in all regions except the West, where sales fell by more… Read more...
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The Week's Market Insights with Bill Bodnar from the Mortgage Market Guide

The Week's Market Insights with Bill Bodnar from the Mortgage Market Guide

Thursday, 21 February 2019
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https://youtu.be/La163Udl_3o Bill Bodnar discusses balance sheet runoff from $3.8 trillion in bonds, which is similar in the effect it has on the economy to when the Federal Reserve clamps down on credit. For the rest of the story, please view the video. Read more...
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Existing Home Sales Weak in January, But Have 'Likely' Reached a Low

Existing Home Sales Weak in January, But Have 'Likely' Reached a Low

Thursday, 21 February 2019
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The sale of existing homes fell to a seasonally adjusted annual rate of 4.94 million, or 1.2 percent, in January compared with December. [caption id="attachment_10266" align="alignleft" width="320"] January 2019 Housing Snapshot[/caption] Sales are now down from an annual rate of 5.4 million, or 8.5 percent, compared with the same period in 2018 year ago, according… Read more...
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loanDepot Technology Brings 8-Day Closings (Possibly)

loanDepot Technology Brings 8-Day Closings (Possibly)

Wednesday, 20 February 2019
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The mello smartloan is envisioned as an end-to-end digital mortgage that’s designed for online consumers, reducing the stress and frustration that can accompany that process. To attain that goal, mello smartloan loan origination system was combined with intelligent data sources to create a 'smartloan’ that holds the promise of reducing by up to 80 percent… Read more...
Rise of Millennial Home Buyers

Rise of Millennial Home Buyers

Wednesday, 20 February 2019
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The millennial generation have increased their home buying purchase power and now boast the largest share of new home loans by dollar volume, larger than Generation X and the baby boomer generation. Millennials are showing interest in more affordable markets. Additionally, millennials are making lower down payments and taking on larger mortgages when compared to… Read more...
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MGIC-Compass Making it Easier, Faster for Originators to Order Insurance

MGIC-Compass Making it Easier, Faster for Originators to Order Insurance

Tuesday, 19 February 2019
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MGIC’s mortgage insurance quotes are now available through Compass Analytics' product, pricing, and eligibility engine, CompassPPE. Through this technology integration in CompassPPE, loan originators can select mortgage insurance products and request rate quotes without leaving the platform. This automation brings real-time mortgage insurance quotes to the point-of-sale, improving the borrower's experience because it optimizes pricing… Read more...
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Originators Remain Trusted Advisors, Though Tech Is Changing Their Role

Originators Remain Trusted Advisors, Though Tech Is Changing Their Role

Tuesday, 19 February 2019
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By Pat Sherlock One of the most talked about topics in mortgage banking is whether the industry will evolve into a self-service business. Many managers are speculating whether purchasing a home loan will become an automated, point-and-click business similar to booking an airline flight or obtaining concert tickets. A number of high-level executives believe that… Read more...
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Define and Grow Your Sphere

Define and Grow Your Sphere

Monday, 18 February 2019
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By Dave Hershman In the previous column, we defined the term sphere. We now will go a little deeper and discuss the seven segments of one’s personal sphere. Friends, family and neighbors: This part of your sphere is comprised of those with whom you have the closest relationship. Covey would say that you have built… Read more...
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Three Types of Agent Partners

Three Types of Agent Partners

Monday, 18 February 2019
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By Brian Sacks When I first started originating many years ago, I was told to go visit real estate offices and meet and greet agents. Of course, this is much easier said than done these days. But back then you could walk into a real-estate office and there would be agents there. Our first basic… Read more...
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VA Has Established New Policies for Cash-Out Refis

VA Has Established New Policies for Cash-Out Refis

Friday, 15 February 2019
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Veterans Affairs has established new policies regarding guaranteed cash-out refinancing loans, including refinancing of construction loans. The policies determine when Veterans Affairs can guarantee a refinancing, as required under The Economic Growth, Regulatory Relief, and Consumer Protection Act. The new policies take effect Feb. 15. For loans being refinanced within one year from the date… Read more...
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