News

Two primary reasons are cited as to why the industry is raising prices so rapidly. One, the frequency of large storms is increasing. Two, the cost of covering the insured damage from these storms is also rising. What is less well-known is the proverbial “rest of the story.” The rest of the story is how these rapid increases in insurance prices have hurt consumers and benefited the industry.

While most borrowers can check the status of their mortgage and make payments via lender websites and mobile apps, many now expect that level of transparency and convenience in the mortgage origination process as well. Lenders are increasingly working to make the advances they need to deliver an origination experience better aligned with the way most consumers prefer to do business. This means a digital environment.

The post-recession years have seen significant debate about the next generation of home buyers — the millennial generation — and whether or not they are interested in owning homes. In what ways can the industry work to coral this expanding market?

Single-Family Residential Platform announced how it sold its portfolio for a multi-million dollar total sale price. The platform has collectively raised billions.

Next week, the Construction Spending report by the U.S. Census will release indicating the amount of spending in the U.S. on all types of construction. Will numbers reflect the current housing shortage or give some relief to buyer’s stress?

Dodd-Frank could be in trouble if a quiet spending bill continues moving through the legislative process. See how this potential back-door legislation could come to fruition, and what effect it could have on the housing market.

Millennials are spending more than any other generation on their vices. With dwindling inventory and rising home prices, how will they get their foot in the homeownership door?

LRES recently named Jill Haro as VP of Corporate Administration. In this role, Haro will oversee compliance and corporate-wide strategic projects. Haro has more than 15 years of experience working within the mortgage services industry in operations, client relations, and corporate project management.

Nationwide Title Clearing announced recently that Greg McCoskey has been hired as the company's Lead General Counsel. McCoskey’s responsibilities will include working with the operations and management teams to provide counsel on corporate and litigation matters for NTC and to ensuring that NTC's customers remain insulated from statutory non-compliance risk for any operation outsourced to NTC.

Where declining home sales normally would be a positive for potential buyers going into the height of buying season, this summer, it’s a negative. See why buyers are being “sidelined” and what potential mortgage payments would be in the current climate.