Lending - The Mortgage Leader

Navigating the Transition: The Shift in Mortgage Lending Rates The mortgage industry is witnessing a significant shift in lending rates, influencing both lenders and borrowers. This article explores the implications of these changes and strategies for adapting to new market conditions.

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Lending (1519)

Why the Time May Be Right for New Home Construction to Accelerate: First American

Friday, 15 November 2019

Lending

Written by Chris Frankie

Thus far in 2019, the story of the housing market has been a tale of strong housing demand and limited supply. On the demand side, steadily rising house-buying power has fueled greater demand. Falling mortgage rates and rising household income sparked a nearly 12.6% increase in house-buying power year to date through September. Read more...

FHFA Requests Input On GSEs’ UMBS Pooling Practices

Thursday, 14 November 2019

Lending

Written by Chris Frankie

The Federal Housing Finance Agency has announced that it issued a request for input about Fannie Mae’s and Freddie Mac’s pooling practices for forming “To-Be-Announced”-eligible Uniform Mortgage-Backed Securities (UMBS). Read more...

More Homes 'Equity Rich' Than Underwater: ATTOM

Tuesday, 12 November 2019

Lending

Written by Chris Frankie

U.S. homeowners are more likely to be “equity rich” than underwater. That’s according to a new report by ATTOM Data Solutions. Read more...

BB&T-SunTrust Merger Wins U.S. Antitrust Approval

Sunday, 03 November 2019

Lending

Written by Chris Frankie

U.S. antitrust authorities gave their blessing to a merger between BB&T and SunTrust Banks, the Justice Department has announced. So reports CNBC. Read more...

Black Knight, PennyMac Sue Each Other Over Business Tactics

Monday, 11 November 2019

Lending

Written by Chris Frankie

Two giants of the U.S. mortgage industry, Black Knight and PennyMac, have opened up a legal battle with each other over what each side views as unfair business practices. So reports Newsweek. Read more...

Bill Bodnar of MMG: What Week for the Mortgage Business!

Monday, 04 November 2019

Lending

Written by Chris Frankie

Bill Bodnar of the Mortgage Market Guide discusses last week's Fed rate cut, the jobs report that easily beat expectations, revisions to previous jobs numbers, hourly earnings data and how a lot of recent data has poured cold water on a recession talk. Read more...

Mortgage Fraud Risk Reaches Multi-Year Low: First American

Tuesday, 05 November 2019

Lending

Written by Chris Frankie

The First American Loan Application Defect Index for September 2019 finds that the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications decreased by 5.5% compared with the previous month. Read more...

Guaranteed Rate, @properties Join Forces for New Mortgage Lender

Friday, 08 November 2019

Lending

Written by Chris Frankie

Independent mortgage retail company Guaranteed Rate and residential brokerage firm @properties have announced a new joint venture, Proper Rate. So reports Crain’s Chicago Business. Read more...

Docutech Hires Ex-NewRez Exec as Chief Product Officer

Thursday, 07 November 2019

Lending

Written by Chris Frankie

Docutech, a provider of document, eSign, eClose, and print fulfillment technology in the mortgage industry, has named Adam Stern as its chief product officer. Read more...