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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)
Affordability Keeping Non-Homeowners from Buying A Home
About 75 percent of non-homeowners believe homeownership is still part of the American dream. However, the biggest barrier for non-owners is that they are unable to afford a mortgage, according to the fourth-quarter “2018 Homeownership Opportunities and Market Experience (HOME)” survey from the National Association of Realtors. During the last quarter of 2018, 43 percent… Read more...
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Consumer Defaults Rose in December
The S&P-Experian Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults, recorded an increase of six basis points to 0.89% compared with the previous month. The bank card default rate rose 25 basis points to 3.34%. The auto loan default rate increased ten basis points to 1.03%. The first mortgage default… Read more...
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Automated Appraisal Platform Secures $3M in Seed Funding
Reggora, an appraisal platform for appraisers and lenders, has secured $3 million in seed funding to help it expand across the U.S. and enhance its platform. The funding round was led by Spark Capital with participation from Boston Seed Capital, an early investor in the company. [caption id="attachment_9077" align="alignright" width="300"] Denslow: Software provides lenders with… Read more...
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Churchhill Launches 90-Day Lock Program
Churchhill Mortgage has launched the Rate Secured program to lock eligible borrowers into an interest rate for 90-days after engaging with the lender, whether they have selected a home. The lender offers conventional, FHA, VA and USDA residential mortgages in 46 states. Homebuyers today are increasingly challenged by rising interest rates, which can cause them… Read more...
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DeFranco's Five Predictions and One Wish for 2019
By Dr. Ralph G. DeFranco The only thing that can be said with certainty is that everything changes. Even though uncertainty is a given, here are a few predictions on how I see the housing market evolving during 2019 – along with my one wish for the new year. 1. Home prices will increase, with… Read more...
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SFIG Picks Ex-Ginnie Exec to Lead Advocacy, Other Efforts
The Structured Finance Industry Group Inc. has selected Michael Bright to serve as president and CEO. Bright will lead SFIG's education, policy and advocacy initiatives, helping to achieve the group's goal of building the broadest possible consensus among members across the industry, and reinforcing the understanding that securitization is an essential source of core funding… Read more...
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The Money Source Sells its Originations Biz to AmeriSave
The Money Source has sold its originations business to AmeriSave Mortgage Corp. The projected originations volume will be $1.5 billion in 2019. As part of the terms of the agreement, AmeriSave assume The Money Sources' new Plano, Texas, and Chandler, Ariz., offices. The Money Source will transition the originations business to AmeriSave in first quarter… Read more...
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Mortgage Delinquency Hit 4.1 Percent in October
The rate of mortgages that were in delinquency was 4.1 percent in October. Delinquency is defined as 30 days or more past due including in foreclosure. In the same time period a year earlier, the rate was 5.1 percent, according to the “Loan Performance Insights Report” from CoreLogic. This was the lowest for the month… Read more...
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Ginnie’s Bright Leaving for Private Sector Post
Michael Bright, executive vice president and COO of Ginnie Mae, has accepted a position in the private sector and will resign from his position on January 16. Bright will serve as CEO of the Structured Finance Industry Group, a trade group. Maren Kasper, executive vice president of Ginnie Mae, will step in as acting president… Read more...
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Black Knight: Refis Make Sense for an Additional 550K Homeowners
The number of homeowners with mortgages who could likely qualify for and see at least a 0.75 percent interest rate reduction by refinancing has increased by around 550,000, due to the 30-year fixed rate falling to 4.55 percent as of the end of December, according to the Mortgage Monitor Report from Black Knight Inc. [caption… Read more...
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