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  • House Financial Services Committee Offers Rulings on FHA, Flood Insurance and DACA Loan Eligibility
    It was a busy week for the House Financial Services Committee who, among other things, passed bills that addressed the cost of FHA loans, countered a recent HUD proposal on DACA borrowers and once again renewed The National Flood Insurance Program. Yesterday, the House Committee on Financial Services overwhelmingly passed… Read more »
  • Homebot Aims to Bolster Prequal-to-App Pull Through with Buyer Enhancements to Its Customer Engagement Platform
    Homebot, a customer engagement platform that delivers financial scenarios to help homeowners build wealth, today announced major enhancements to the homebuying side of its platform. The latest release inserts lenders into the market search process by integrating prompts for buyers to obtain a prequal or preapproval, lock a rate, and… Read more »
  • Bill Bodnar of MMG: Should Be Floating Clients Into the Fed Meeting Next Week
      The post Bill Bodnar of MMG: Should Be Floating Clients Into the Fed Meeting Next Week appeared first on The Mortgage Leader. Read more »
  • Being Creative in the Pursuit of Affordable Housing
    By Alexander von Hoffman, Harvard Joint Center For Housing Studies Observing how creative practitioners have addressed the knotty problems involved in providing good homes to people who otherwise could not afford them is one of the great pleasures I get from my work as a student of low-income housing. I… Read more »
  • Intercontinental Exchange Completes Acquisition of Simplifile
    Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced it has completed its acquisition of Simplifile, LC. On May 1, 2019 ICE announced that it would acquire Simplifile for $335 million. The acquisition will not be material… Read more »
  • Merger of Equals Between BB&T and SunTrust Will Create Truist
    BB&T Corporation (NYSE: BBT) and SunTrust Banks, Inc., (NYSE: STI) today announced Truist as the name for the combined company to be created through their merger of equals. Truist will be the sixth-largest U.S. bank holding company serving more than 10 million households in the U.S., with a leading presence… Read more »
  • Dear Brian: I Should Still Use Traditional Mail?
    Dear Brian, I love your articles in the Mortgage Leader but I am a bit confused. Everyone continues to tell me that I need to be generating deals from social media and other online methods. But you continue to advocate mailing to people and I am wondering why since it… Read more »
  • Mortgage Lenders’ Profit Margin Outlook Turns Positive on Reported Surge in Consumer Demand
    The net profit margin outlook for mortgage lenders turned positive for the first time in nearly three years, due primarily to strong demand expectations for both purchase and refinance mortgages, according to Fannie Mae’s Q2 2019 Mortgage Lender Sentiment Survey®. “Lenders are signaling strong demand-driven mortgage market dynamics, with optimism… Read more »
  • March Foreclosure Rate at 20 Year Low, Delinquencies at 13 Year Low
    CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report. The report shows that nationally 4% of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in March 2019, representing a 0.3-percentage-point decline… Read more »
  • Survey Reveals That Consumer Knowledge about Credit Scores Has Steadily Declined over the Past Eight Years
    The ninth annual credit score survey, released today by the Consumer Federation of America (CFA) and VantageScore Solutions, LLC, shows that consumer knowledge about credit scores is at the lowest level in the past eight years. On most knowledge questions (as the enclosed table and charts show), correct scores declined… Read more »
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