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.
Read More »Wells Fargo Rolls Out Low Down Payment Program
Wells Fargo is launching a new low-down payment mortgage program for first-time and lower-income borrowers that could be the bank’s way out from under the shadow of the Federal Housing Administration.
Read More »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.
Read More »Present and Future Look Bright for Jumbo RMBS
What factors have led to improved credit performance of jumbo residential mortgage-backed securities?
Read More »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.
Read More »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.
Read More »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.
Read More »Mortgage Round-Up: Rates, Application in the Balance
Rates held firm at 2016 lows, but buyers were in no hurry to take out a mortgage loan this week after the Fed left the option of a June ...
Read More »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.
Read More »The MReport Webcast: Wednesday 5/18/2016
This complex generation stirs up a lot of talk in the mortgage industry, mostly because they have come to be known as the financially unstable and indecisive, renter ...
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