The latest Mortgage Monitor Report published by Black Knight revealed that, even amid typical seasonal downturns, rate lock volumes declined to record lows in year-end data.
Read More »Bringing Credit Invisibles Into the Light
Michele M. Evans of Fannie Mae discusses the GSE’s new Positive Rent Payment Reporting pilot program and how renters on the path to homeownership can build their credit history and improve their credit score.
Read More »Mortgage Credit Availability Slides to Nine-Year Low
The MBA reports that credit standards are becoming more restrictive, as its Mortgage Credit Availability Index drops to its lowest level since March of 2013.
Read More »Military Personnel and the State of the Housing Market
According to House Method’s most recent servicemember survey, respondents remained relatively optimistic about their chances of buying a house while being in the military.
Read More »Fannie & Freddie to Use New Credit Scoring Models
The Federal Housing Finance Agency approved the use of FICO 4T and VantageScore 4.0 to score applicants for government-sponsored loans. Click through to find out more about these new scoring models.
Read More »Rate Locks Down 35% Year-Over-Year
The latest Originations Market Monitor from Black Knight Inc, shows another big slowdown in momentum in December as rate lock volumes fell across the board, driven by a 22.5% drop in purchase loan locks. The report leverages daily rate ...
Read More »Rate Locks Down Nearly 5% Overall in November
The latest Originations Market Monitor from Black Knight Inc, shows a big slowdown in momentum in November as rate lock volumes fell across the board, driven by rate/term refinance originations dropping ...
Read More »These Cities Have the Most Economic Struggles During COVID-19
Out of America’s 100 largest cities, these are the top 10 facing the most financial hardships such as distressed accounts and decreased credit scores.
Read More »Mortgage Lenders Tightening Credit Requirements
Here's what the major lenders now require for borrowers to obtain a home loan.
Read More »Stop Setting Borrowers Up to Fail
Many low-credit buyers are not aware of all their options. But neither should they be expected to. Brokers should help these prospective borrowers identify the homebuying product or partnership that works best for their unique scenario.
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