Subscribe to this RSS feed
Originating

Originating (1381)

Loan Stream Launches Correspondent Channel

Loan Stream Launches Correspondent Channel

Tuesday, 06 November 2018
Originating
Written by
Loan Stream Mortgage plans to offer non-prime loans through a correspondent lending channel it’s launching. The opportunity emerged because rates increased and the refi business was a distant memory. "When things get tough in the market, we look to capitalize when others are consolidating and use that time to grow in unique ways," says LSM's… Read more...
Tagged under
Social Media Will Disappoint, Notes Survey

Social Media Will Disappoint, Notes Survey

Monday, 05 November 2018
Originating
Written by
Lenders and mortgage brokers that have invested in social media for marketing and communications will generate disappointing results. That’s because borrowers are more likely to respond to traditional forms of marketing and communication than to a Twitter advertisement, a Facebook post or another form of social media, according to Borrower Preferences and Mortgage Originations, a… Read more...
Tagged under
Black Knight Analytics: Rising Rates Sinking Refis

Black Knight Analytics: Rising Rates Sinking Refis

Monday, 05 November 2018
Originating
Written by
Rising rates have all but eliminated the incentive to refinance a mortgage. That’s because of the continued effect of rising interest rates on refinance candidates, or homeowners with mortgages who would realize a minimum of 0.75 percent rate reduction from a refinance, according to Mortgage Report Monitor from the data and analytics division of Black… Read more...
Tagged under
Employment Increases Continue on Torrid Pace

Employment Increases Continue on Torrid Pace

Friday, 02 November 2018
Originating
Written by
The Department of Labor reported that employment hit a record high of 156,562,000 in October. There were 250,000 new jobs added, or 4.5 million new jobs since November 2016, with gains recorded across all industries. For the second straight month, the unemployment rate is 3.7%, the lowest rate since 1969. Six times this year, the… Read more...
Tagged under
Buying a Mortgage Causes Credit Scores to Dip

Buying a Mortgage Causes Credit Scores to Dip

Friday, 02 November 2018
Originating
Written by
In the aftermath of a mortgage closing, credit scores decline 15 points, though they do recover with time. The drop occurs because after a consumer takes out a mortgage, a large balance is added to his credit report, according to a survey from Lending Tree. Credit scoring models consider a consumer’s total balance of money… Read more...
Tagged under
Upstart Upgrade Closes 1st Securitization

Upstart Upgrade Closes 1st Securitization

Thursday, 01 November 2018
Originating
Written by
Upgrade Inc. closed its first securitization of $282 million of personal loans to almost 20 banks and asset managers. This transaction inaugurates Upgrade's securitization program, designed as a quarterly issuance program. Credit Suisse and Jefferies acted as joint lead underwriters, and Upgrade served as sponsor, servicer and administrator for the transaction. Upgrade has raised $142… Read more...
Tagged under
TML’s Factoid Report: Ellie Mae

TML’s Factoid Report: Ellie Mae

Thursday, 01 November 2018
Originating
Written by
(ML's Factoid Report condenses some key points from a company's quarterly earnings conference call with analysts.) A focus of new business for Ellie Mae are some of the largest lenders and correspondent investors, who are now interested in working with the company. “And that is because we have gotten to a place of so much… Read more...
Tagged under
Fraud Costs Rise 8.1%

Fraud Costs Rise 8.1%

Wednesday, 31 October 2018
Originating
Written by
It’s said everything goes up—and financial fraud is no exception. One dollar of fraud, cost lenders $3.05 in 2018, compared to just $2.82 in 2017, an 8.1 percent increase. Digital lenders, with at least $50 million in annual revenue, are hit hardest by fraud, incurring $3.37 in costs in 2018, compared to just $3.07 in… Read more...
Tagged under
Haunted Houses Not Necessarily a Deal Killer

Haunted Houses Not Necessarily a Deal Killer

Wednesday, 31 October 2018
Originating
Written by
There is a market for every house—even haunted ones. Haunted doesn’t mean deal killer to 33 percent of buyers, especially Millennials, if there was something to sweeten the deal, according to the annual Haunted Real Estate Report from Realtor.com. What’s more, 18 percent of respondents said that a haunted home wouldn’t affect their decision at… Read more...
Tagged under
1.5 Million Single Family Homes Lie Vacant

1.5 Million Single Family Homes Lie Vacant

Tuesday, 30 October 2018
Originating
Written by
Almost 1.5 million single family homes and condos in the U.S., roughly 1.52 percent, stood vacant at the end of the third quarter. In addition, there were 10,291 vacant "zombie" foreclosures homes nationwide at the end of third quarter, representing 3.38 percent of all homes actively in the foreclosure process, according to the 2018 Vacant… Read more...
Tagged under

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline