Dean Polsfut of Wolters Kluwer discusses new portfolio lending strategies in 2024 as institutions rethink their lending strategies to include secondary market executions.
Read More »Average New Mortgage Payments up 60% in Last Two Years
"The average principal and interest payment among borrowers purchasing a home using a 30-year fixed-rate loan hit its highest point ever in July at $2,306, and that's before taxes and insurance are factored in." said Black Knight VP of Enterprise Research Andy Walden.
Read More »U.S. Home Mortgage Lending Recovers in Q2
A new mortgage report from ATTOM revealed U.S. lenders issued approximately $494 billion worth of residential mortgages in Q2 of 2023, while total activity rose after eight straight quarterly declines to 21%.
Read More »Demand for Renovations Drove Home Equity Lending Increases in 2022
“Home renovations and remodeling drove demand for home equity products in 2022, with roughly two-thirds of borrowers citing it as a reason for applying for a home equity loan. Other borrower reasons were for debt consolidation (25%) and emergency cash management or other (10%),” said Marina Walsh, CMB, MBA’s VP of Industry Analysis.
Read More »Point Amasses $1 Billion+ in New Capital Commitments
New commitments to Home Equity Investment (HEI) asset class will be deployed over the next two years will benefit homeowners recovering from pandemic-related recession.
Read More »Keeping Pace With Demand Through Outsourcing
A recent MReport-hosted webinar examined how the industry has utilized outsourcing to maintain steady workflows, while juggling the increase in volume over the past year.
Read More »HELOCs Below $400B for the First Time Since 2004
The decline in lines of credit for housing suggests that “consumers are remembering the lessons” from the Great Recession.
Read More »HELOC Lenders Feel Impact of Competitive Market
A new survey explores how loan customers are feeling about their options, and what that could mean for home equity line of credit loans.
Read More »Fed Hits Pause on Rate Hikes
While Fed Chair Jerome Powell has signaled a pause on rate hikes, here’s how the Fed’s new strategy could impact housing and the economy.
Read More »The Emerging Trends in Mortgage Servicing
Steven Frie, Director, Structured Finance at S&P Global Ratings gives insights into what’s driving the servicing business and the lessons he’s learned in his various roles in financing for the housing and mortgage industry.
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