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Mortgage Industry Adapts to Rising Interest Rates The U.S. mortgage industry is adapting to rising interest rates, transforming lending strategies, and borrower behaviors. This article explores the implications for lenders and borrowers, offering insights into new trends and strategies.
New Tool from Nexsys Simplifies Communication Between Lenders and Homeowners Insurance Providers
- Thursday, 21 November 2019
- Originating
Nexsys Technologies, a FinTech company providing advanced technology solutions for mortgage origination and closing, announced the launch of Clear HOI, a tool that digitizes the communication between mortgage lenders and homeowners insurance companies.
Read more...Ex-mortgage Broker Gets 8 Years in Jail for $1M Car Loan Fraud
- Wednesday, 20 November 2019
- Originating
A federal judge has sentenced a former mortgage broker from Maryland to more than eight years in prison for a $1 million scam involving fake auto loan applications. So reports The Baltimore Sun.
Read more...Bill Bodnar of MMG: China, the Biggest Story to Follow
- Monday, 11 November 2019
- Originating
Bill Bodnar of the Mortgage Market Guide focuses on the U.S.-China relationship and its far-reaching implications. Earlier in the year, developments were a tailwind to the bond market, supportive of lower rates, he notes. Now, it’s a complete role reversal.
Read more...Non-QM Originations Surge, Drawing Subprime Comparisons
- Monday, 11 November 2019
- Originating
Non-qualified mortgage originations have been soaring, raising some concerns that faintly echo worries about the role of subprime mortgages ahead of the 2008 financial crisis. So reports Bloomberg.
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