As home prices increase at a much slower pace than they have been over the last few years, potential homebuyers may have found their opportunity to enter the housing market as homes become more affordable.
Read More »Treasury Issues First Guidance on Termination of Making Home Affordable Program
The government's Making Home Affordable (MHA) program was launched by the Obama Administration in February 2009 as a way to stabilize the housing market and help struggling homeowners avoid foreclosure.
Read More »Putting Mortgage Servicing Compliance in Focus
Ocwen’s Chief Compliance Officer, Michael Hollerich, sat down exclusively with MReport to discuss compliance trends in the mortgage industry and how the nonbank servicer is creating a revitalized culture of compliance.
Read More »The Week Ahead: Will Higher Rates Discourage Mortgage Applicants?
Mortgage interest rates have continued to decline to historical lows and have not motivated buyers to apply for a mortgage loan, but for the first time in two months, mortgage interest rates have moved up. Will this drive potential homebuyers further away from the housing market?
Read More »Refinances Could Be Poised for a Major Upswing
The number of borrowers who could either qualify for or benefit from a mortgage refinance has skyrocketed by 1.5 million since January 1.
Read More »FHFA Continues Outreach Efforts to HARP-Eligible Homeowners
The agency noted it wanted to reach out to homeowners who had other factors that could compensate for their low credit scores for a possible mortgage refinance.
Read More »What the Mortgage Industry Needs to Know About Housing This Year
Between regulations, potential rate hikes, and the upcoming election, the mortgage industry will have plenty to focus on throughout the year. Dr. Umit Gurun, a Professor of Accounting and Finance at the Naveen Jindal School of Management at University of Texas at Dallas, provides MReport with insight on what the housing market picture may look like for the rest of the year.
Read More »Will a Lack of Wage Growth Hamper Affordability This Spring?
Job gains were solid and the labor force participation rate reached a 15-month high in February's Employment Summary from the BLS. But the news was not all positive.
Read More »5 Ways Mortgage Service Providers are Changing the Way they do Business
Nationwide Title Clearing CEO, John Hillman, discusses with MReport how research and document service providers and third-party providers are adjusting their business practices to meet the needs of mortgage companies.
Read More »Profit Margins Weighing Heavy on Lenders’ Minds
Slow household formation, mortgage demand, and compliance costs associated with new regulatory requirements are impacting lenders' business operations and profitability in the housing market.
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