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Rise of Green Mortgages: A Sustainable Shift in the Lending Landscape Explore how green mortgages are reshaping the lending landscape with a focus on sustainability. Learn about incentives, government initiatives, and industry adaptations necessary for embracing eco-friendly lending.
Lending (1514)
NAR Existing Home Sales Report Shows Sales Down In March
Existing-home sales retreated in March, following February’s surge of sales, according to the National Association of Realtors®. Each of the four major U.S. regions saw a drop-off in sales, with the Midwest enduring the largest decline last month. Total existing-home sales completed transactions that include single-family homes, townhomes, condominiums and co-ops, fell 4.9% from February… Read more...
Executives Discuss the Outlook for Liquidity and M&A
At the IMN Residential Mortgage Servicing Rights Forum last week the issues of liquidity and the outlook for mergers and acquistions (M&A) came up. Liquidity is something that many of the CEO’s are focused on. Aaron Samples, CEO of First Guarantee commented “ Where the last cycle was credit driven more than anything else, for… Read more...
U.S. Economy Still on Track to Slow in 2019
Housing Market Supported by Lower Rates, Improved Wage Growth In the just released Fannie Mae Economic and Strategic Research (ESR) Group’s April outlook, economic growth for 2019 continues to be forecast at 2.2 percent, down from 3.0 percent in 2018. The report goes on to say "The fading impact of last year’s fiscal stimulus as… Read more...
Clear Capital Unveils Data-Driven Appraisal Option
Clear Capital today unveiled its Modern Appraisal Program, giving lenders turnkey access to the industry's emerging bifurcation initiatives for originating loans. The program is live nationwide and already being used to complete several thousand transactions per month on origination loans, with further aggressive expansion planned throughout 2019 and beyond. "The ongoing technology, data, and process… Read more...
Hispanics More Than Twice As Likely To Have FHA Loans
Recently the National Association of Hispanic Real Estate Professionals (NAHREP) issued their annual report on the state of Hispanic homeownership which was authored by Marisa Calderon, Executive Director, NAHREP. Below are some of the housing and mortgage related conclusions from this report. HOUSEHOLD FORMATION Hispanics formed 485,000 new households in 2018, accounting for 32.4 percent… Read more...
Independent Mortgage Bankers’ Production Volume and Profits Down in 2018
Independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $367 on each loan they originated in 2018, down from $711 per loan in 2017, the Mortgage Bankers Association (MBA) reported today in its Annual Mortgage Bankers Performance Report. “Despite a healthy economy in 2018, the mortgage market suffered, as rate… Read more...
Things to Consider When Crafting Your Servicing Strategy
At IMN’s Residential Mortgage Servicing Rights Forum an afternoon panel discussed servicing related strategies. One thing is clear, it’s a big investment to do it yourself. You have to consider infrastructure, compliance ( which has gone down recently but isn’t going away) and your ability to protect information. There are also the people issues, do… Read more...
Land Gorilla Now Integrated with Calyx Path
Integration Streamlines and Mitigates Risks of Construction Loan Process Calyx Software, a leading provider of comprehensive mortgage software solutions for banks, credit unions, mortgage bankers, wholesale and correspondent lenders and brokers, announced today that Path®, its cloud-based, dynamic mortgage loan origination software (LOS), is now integrated with Land Gorilla, the leading construction loan management software… Read more...
Industry Comment: 4 Points Regulators Need to Consider Before Raising Appraisal Thresholds
By Paul Doman Later this year, the FDIC, the Federal Reserve, and the Office of the Comptroller of the Currency will decide whether to increase the threshold for residential real-estate transactions requiring an appraisal to $400,000, from $250,000. As regulators consider this change, there are four key points that should be addressed: Is insufficient cost… Read more...
Strategies for Managing Through Tough Times – Part 1
In the second session of the day at IMN’s Mortgage Servicing Rights Forum executives from lending companies talked about their MSR and lending strategies coming off last year’s low origination environment. Cutting costs to protect the bottom line was a natural strategy. But because several had already moved to a variable cost model a lot… Read more...
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