The Federal Reserve recently proposed a new rule that will remove some of the pressure from the government and taxpayers concerning eight of the nation’s largest banking institutions.
Read More »Purchase Mortgage Loan Activity Spiked By High-Credit Borrowers
Purchase mortgage originations rose significantly in 2015, driven by high-credit borrowers, according to Black Knight Financial Services’ latest Mortgage Monitor Report.
Read More »Mobile Mortgage Lending: The Next Big Thing
With technological advances happening constantly in the mortgage industry, lenders may still be passing up opportunities to reach potential borrowers due to a lack of focus on mobile channels. According to Fannie Mae's Mortgage Lender Sentiment Survey, 40 percent of lender plan to offer a mobile application in the next year, but there are some lenders that have already got the jump on mobile technology.
Read More »HouseCanary Hires New President of Enterprise Sales
HouseCanary, Inc., a company that builds technology products that combine proprietary data and leading-edge predictive analytics to help people make better real estate decisions, recently welcomed Tom Ciulla as president of enterprise sales.
Read More »Banks & Credit Unions Place Accurate Data Capture at Top of HMDA Concerns
The Home Mortgage Disclosure Act data collection rules have recently been finalized, but U.S. banks and credit unions are troubled with how to accurately capture the new HMDA-required data fields.
Read More »Mortgage Interest Rates Fall Even Lower Amid Fed’s Hold on Increase
Following the Federal Open Market Committee's decision to leave interest rates untouched, the Federal Housing Finance Agency reported Thursday that interest rates on conventional purchase-money mortgages fell in September.
Read More »Housing Policy Adviser Addresses Market Conditions, GSE Reform, & Risk Sharing
Michael Stegman, President Obama’s top adviser on housing policy, recently addressed some of the mortgage industry's hot-button topics such as housing market recovery, homeownership support for struggling buyers, GSE reform, and risk sharing.
Read More »GDP Growth Slows in Q3, But Forecast to Have “Neutral Effect” on Housing
National gross-domestic product growth increased at an annual rate of 1.5 percent in the third quarter "advance" estimate released by the Bureau of Economic Analysis, down drastically from the last quarter when the GDP rose to a healthy 3.9 percent.
Read More »Advantage Seller: Housing Inventory at “Historical Lows”
As the housing market continues to improve, more buyers enter the market, and inventory levels decline, favor now rests in sellers' hands.
Read More »Pending Home Sales Driven Down By Low Inventory Levels
Pending home sales loss more momentum in September 2015 for the second consecutive month due to scarce housing inventory, the National Association of Realtors announced Thursday.
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