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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)
2018 HMDA Modified LAR Files Integrated Into RiskExec
Asurity Technologies announced the successful integration of the 2018 Home Mortgage Disclosure Act (HMDA) Modified LAR files into RiskExec, its comprehensive web-based compliance reporting and analysis platform that automates HMDA, CRA, redlining, and fair lending processes. "Within days of the governments' release of 2018 HMDA Modified LAR, we have uploaded the entire validated peer data… Read more...
LoanStream Mortgage, the "One" Lender Streamlines the Cluttered Non-QM Space
LoanStream Mortgage (LSM) has effectively streamlined its non-prime (Non-QM) offering, into a single loan program. With the release of the "One Program" and the "One Rate Sheet", Broker's and Non-Delegated Correspondents can now quickly and efficiently qualify their borrowers. The new simple program has risk-based adjustments that just make a lot of sense. "Brokers and… Read more...
Report: 161K Properties Filed for Foreclosure in Q1
There were 161,875 U.S. properties with a foreclosure filing during the first quarter of 2019, down 23 percent from the previous quarter and down 15 percent from a year ago, to the lowest level since Q1 2008, according to the Q1 2019 U.S. Foreclosure Market Report from Attom Data Solutions. The report shows 58,550 U.S.… Read more...
Golden State Lender Implements Digital Lending Technology
Mountain West Financial has rolled out an online borrower portal. The digital lending platform from Lender Price is a borrower engagement platform that automates and streamlines the mortgage-loan-application process. “Our borrowers want a convenient and easy to use way to engage with us online,” said Mike Douglas, CEO of California-based Mountain West Financial, a retail… Read more...
New Home Purchase Mortgage Apps Rise 7% in March
The Mortgage Bankers Association Builder Application Survey data for March 2019 shows mortgage applications for new home purchases increased 7 percent compared with a year ago. Compared to February 2019, applications increased by 19 percent. This change does not include any adjustment for typical seasonal patterns. “With a strong job market, rising wages and lower… Read more...
Fannie Mae Completes $29.7B Single Family Risk Transfers
Fannie Mae completed two Credit Insurance Risk Transfer transactions for almost $30 billion. CIRT 2019-1 and CIRT 2019-2, which together cover $29.7 billion in unpaid principal balance of 21-year to 30-year original-term, fixed-rate loans, are part of Fannie Mae's ongoing effort to increase the role of private capital and reduce taxpayer risk in the mortgage… Read more...
New Data Confirm the Urgency of Addressing the Expiration of the GSE Patch
By Laurie Goodman Last year, we wrote about the need to address the expiration of the government-sponsored enterprise patch, or “GSE patch,” which currently allows higher debt-to-income ratio mortgages to qualify for the protections provided under the qualified mortgage rule. We also offered several options for addressing the January 2021 expiration of the patch. Recently,… Read more...
Housing Sentiment Surges Just in Time for Spring Homebuying Season
The Fannie Mae Home Purchase Sentiment Index jumped 5.5 points in March to 89.8, reversing last month's slight decline and reaching its highest point since June 2018. Increases in the "Good Time to Buy" and "Good Time to Sell" components drove the measure of consumer sentiment higher, with the two rising 7 and 13… Read more...
Class Valuation Acquires AMC
Class Valuation, a real estate collateral valuation and appraisal management, has acquired appraisal management company—Janus Valuation & Compliance. “For us, clients come first. Strengthening our ability to support each client is something Class values highly.” said Mike Detwiler, CEO and partner for Class. Janus has developed customized AMC service models with a focus on retail,… Read more...
Why the Yield Curve Might Have Fooled Some Experts
By Mark Flemming April Fools’ might be over, but that hasn’t dampened recession fears from generating headlines. Broadly speaking, the U.S. economy is performing well. Wages are increasing and we’re near full employment. So, why are some experts raising recession concerns? Beware the Inverted Yield Curve Late last year and again in March, the yield… Read more...
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