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How Lack of Smarter Logic Cuts Into Lender Profits

Lenders have various loan origination system (LOS) choices available today to ensure that their operations run smoothly, but choosing the right one can be trickier than it seems. Editor's note: This select print feature appears in the May 2016 edition of MReport magazine.

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New Home Sales Skyrocket to an 8-Year High

New single-family home sales did something remarkable this month. Sales in this sector rose significantly month-over-month and year-over-year to reach the highest level since 2008 despite falling inventory levels.

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First-time Homebuyers Flood the Market

According to the American Enterprise Institute’s International Center on Housing Risk, first-time buyer volume has jumped 18 percent since April of last year, totaling 98,000 first-time buyer loans for the entire month.

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The Week Ahead: GDP Growth in the Spotlight

The Bureau of Economic Analysis (BEA) will release the second of three estimates for the nation's first quarter GDP growth this week. In the advance estimate for the first quarter released in late April, the BEA reported GDP growth to be a weak 0.5 percent.

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Existing-Home Sales Emerge Triumphant

Existing-homes sales have been up against unfavorable odds including inventory shortages, soaring home price appreciation, and stagnant household income growth. However, they defied those odds and came out on top for the second consecutive month.

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Lender Under Fire for FHA Mortgage Practices

Guild Mortgage faces federal charges of improper origination and underwriting practices on its FHA-backed loans. The suit was filed by the U.S. District Court for the District of Columbia and announced by HUD and Urban Development this morning.

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