Eric J. Schuppenhauer, President of Home Mortgage at Citizens Bank gives his insights into the cyclical nature of the industry, innovation in a higher rate environment, and why it’s important to be passionate about your work. Editor’s Note: This feature originally appeared in the July issue of MReport.
Read More »Making a Case for Disaster Preparedness
How can the mortgage servicing industry work together to be better prepared for when a disaster strikes? The Five Star Institute’s Disaster Preparedness Summit hosted by DIMONT and Five Brothers on Wednesday tried to answer this question. Here are some key takeaways from the event.
Read More »Why Lenders Need Technology to Remain Competitive
It’s almost impossible to start any trend article on mortgage lending without recognizing a recent statistic that has far-reaching implications for the mortgage industry. $8,957. That’s the cost ...
Read More »Housing Supply vs. Home Sales
Persistently low inventory is defining this year’s housing market and contributing to slower sales, especially in the western region of the country, a report found. But here’s the silver lining for homeowners and sellers.
Read More »House Bill Amends Truth in Lending Act
The House Financial Services Committee today passed a bill amending the Truth in Lending Act that clarifies points and fees in connection with a mortgage loan. Here are the details of the bill.
Read More »FHFA Hits Pause on GSE Credit Changes
Decisions regarding the credit score model used by Fannie Mae and Freddie Mac have been delayed by the Federal Housing Finance Agency (FHFA) after it was announced that the ...
Read More »‘Will Help Ensure a Stable U.S. Housing Market’
At a hearing to consider his nomination as President of Ginnie Mae, Michael Bright, told the Senate Banking Committee that he would continue to work on modernizing the agency and ensuring the security of the loans it oversees to ensure better security price and lower rates for borrowers.
Read More »The 10 Most Competitive Housing Markets Are …
A new report ranks cities where buyers face the stiffest and laxest competition to purchase a home. Click through to learn which common denominator binds these markets together.
Read More »The Preparation Before the Storm
According to the National Oceanic and Atmospheric Administration (NOAA), Hurricanes Harvey, Irma, and Maria caused an approximated $265 billion in damages, impacting the U.S mainland and territories. Three ...
Read More »Fintech for Financial Inclusion
Watch this video to learn how the inclusion of transaction account data in credit assessments can broaden financial inclusion, which ultimately benefits both, the mortgage borrower and the lender.
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