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Navigating the Unchartered Waters: Rising Interest Rates in Mortgage Lending Explore how rising interest rates are affecting mortgage lending and homebuyer affordability in the current market.
Lending (1495)
Maxwell's View On The Mortgage Industry Evolution : Three Decades of Red Flags — Mortgage Policy & Praxis, 1970-1999
Posted by Chelsea Mize, Maxwell In the digital age, industries evolve at a breakneck pace, spurred on by technological advents and process enhancements. And yet, as anyone in the mortgage industry knows, change here is less accelerated. We adapt more slowly, seeking respite in the comfort of our well-worn processes and traditions. The complexity of… Read more...
Optimal Blue Delivers on “Lights-Out” Integration Between Hedge Advisory and Loan Trading Platforms
Optimal Blue, a provider of secondary marketing automation and services in the mortgage industry, announced the completion of a “lights-out” integration between its comprehensive hedge advisory and loan trading platforms. The announcement exemplifies Optimal Blue’s ongoing commitment to provide enterprise, end-to-end automation through superior technology with functional depth. The only one of its kind, this… Read more...
Genworth Releases Its First-Time Homebuyers Market Report
Written by Genworth Mortgage Insurance's Chief Economist Tian Liu, this report highlights the following takeaways: The first-time homebuyer market continued to slow down in Q1, but still out-performed the rest of the housing market. First-time homebuyers purchased 401,000 single-family homes in Q1, down three percent from a year ago. This was the first back-to-back decline… Read more...
Home Diversification Corp Offers News Way To Diversify Housing Price Risk
Home Diversification Corp., a startup Fintech financial product provider, today announced that it will begin selling its signature solution for the newly established Home Diversification Industry (HD) in the 3rd-quarter of this year. Their product – Home Diversification Agreement – will be made available to industry partners and the general public at that time. The… Read more...
U.S. Home Values Fall for the First Time in Seven Years
U.S. home values fell from March to April, the first month-over-month decline since February 2012, according to the April Zillow® Real Estate Market Reporti. The typical U.S. home is worth $226,800, down 0.1% from last month. The decline – led primarily by large West Coast markets – comes after 85 straight months of gains that… Read more...
Mortgage Loan Exchange Receives Investment from New Strategic Investor
Maxex, a residential mortgage loan exchange, announced today the closing of a Series B investment round that was led by AGNC Ventures, an affiliate of AGNC Investment Corp. ("AGNC") and included the participation of Moore Asset Backed Fund, LP and other repeat institutional and private investors. AGNC is the largest internally-managed mortgage real estate investment… Read more...
MBA: April New Home Purchase Mortgage Applications Increased 15.6 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for April 2019 shows mortgage applications for new home purchases increased 15.6 percent from a year ago. Compared to March 2019, applications increased by 3 percent. This change does not include any adjustment for typical seasonal patterns. “There was a healthy increase in new home… Read more...
Mountainview Financial Solutions and Compass Analytics Partner To Offer Clarity Into MSR Valuations
MountainView Financial Solutions and Compass Analytics announced today the industry's first integration of third-party MSR marks and pipeline hedge analytics. Through this integration, mutual MountainView and Compass clients will be able to access loan-level MSR prices and durations generated by MountainView MSR models within their Compass pipeline hedge analytics and reporting. This services integration signals… Read more...
Open Mortgage Acquires Premier Home Mortgage
Open Mortgage, a multi-channel mortgage lender dedicated to empowering the dream of home ownership, has acquired Premier Home Mortgage, a lender that specializes in financing homes in rural and small-town America, in a deal that's expected to add $300 million in loan value to the company. The acquisition also adds offices in Iowa, Montana, South… Read more...
Calabria Looking to Level the Playing Field for Large Financial Institutions
Last week, at the National Association of Realtors®' Regulatory Issues Forum, newly-appointed Federal Housing Finance Agency Director Mark Calabria spoke to hundreds of Realtors® and industry leaders regarding his vision for the future of Fannie Mae and Freddie Mac. Tuesday's forum also presented an opportunity for NAR to highlight its housing finance reform plan, which… Read more...More...
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