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....
Being a Good Originator Isn’t Enough Anymore
In today’s ultra-competitive marketplace, being a good salesperson isn’t enough to generate new business. These originators meet expectations but don’t go above and beyond to deliver an exceptional customer experience....
Substantial Risk, Compliance Concerns Remain for U.S. Lenders: Survey
Notable regulatory compliance and risk challenges remain high in a number of key areas for U.S. banks and credit unions, according to results of Wolters Kluwer’s 2019 Regulatory & Risk Management Indicator survey....
Live Well CEO Gets a Breather on SEC Charges
The head of a Virginia reverse mortgage lender that abruptly shut down earlier this year can hit pause on at least one of the legal cases against him. So reports Richmond BizSense....
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Originating
Redfin Direct Expands to Massive California Market
Redfin has launched its Redfin Direct service, which allows potential homebuyers to bid online without a real estate agent. So...
Bill Bodnar of MMG: Watch for Fed Comments on 2% Inflation Target
Bill Bodnar of the Mortgage Market Guide discusses last week’s volatility, homebuying demand, the economy, and what the Fed may...
Ask The Expert: What Determines Success?
Q: Dave, I am thinking about becoming a loan officer. A friend of mine said that he will be training...
Lending
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...
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...
Supreme Court Will Hear CFPB Challenge in March
The U.S. Supreme Court has set a date—March 3—for oral arguments in a constitutional challenge to the leadership structure of...
