Lending - The Mortgage Leader

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.

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Lending (1549)

CFPB Eases HMDA 'Burden' in Final Rule

Thursday, 17 October 2019

Lending

Written by Chris Frankie

The U.S. Consumer Financial Protection Bureau has issued a final rule under the Home Mortgage Disclosure Act, extending for two years the current temporary threshold for collecting and reporting data about open-end lines of credit. So reports Reverse Mortgage Daily. Read more...

Altisource to Shut Down Owners.com

Wednesday, 16 October 2019

Lending

Written by Chris Frankie

Altisource Portfolio Solutions has announced that it is shutting down its online brokerage Owners.com, which generated $3.8 million of revenue and $8.1 million of loss before income taxes in the first six months of 2019. So reports Seeking Alpha. Read more...

Fed Minutes Show Markets’ Rate-cut Hopes May Be Overdone

Tuesday, 15 October 2019

Lending

Written by Chris Frankie

The Federal Reserve has released the minutes from the September meeting, showing that some policymakers said investors appear to be pricing in more interest rate cuts than the central bank expects to provide. So reports CNBC. Read more...

Bill Bodnar of MMG: Will Bonds Get Punched in the Face?

Monday, 07 October 2019

Lending

Written by Chris Frankie

Bill Bodnar of the Mortgage Market Guide previews a number of factors that could impact mortgage professionals, including last Friday's jobs report and the ongoing trade war with China, among others. Read more...

Jobs Report: Signs Point to Stronger Purchasing Power for Home Buyers

Tuesday, 08 October 2019

Lending

Written by Chris Frankie

The recently released September Jobs Report signaled good news for the economy, labor force and consumer buying power, according to First American Deputy Chief Economist Odeta Kushi. Read more...

Ditech Completes $1.2B Sale to New Residential

Thursday, 10 October 2019

Lending

Written by Chris Frankie

New Residential has closed its deal to buy “select assets” from Ditech Financial and Ditech Holdings, with a price tag of $1.2 billion. So reports Seeking Alpha. Read more...

Mortgage Rates Follow Stock Market Lower

Monday, 07 October 2019

Lending

Written by Chris Frankie

A sharp downturn in major stock indexes at the start of the month brought with it a return to lower interest rates on mortgages. So reports CNBC. Read more...

Feds Raise Appraisals Threshold to $400,000

Wednesday, 09 October 2019

Lending

Written by Chris Frankie

Federal banking agencies have announced a rule that raises the floor for home sales requiring an appraisal from $250,000 to $400,000. So reports Financial Regulation News. Read more...