The FHA hopes this added clarity will appease banks and large lenders that have pulled out of the FHA loan program or implemented harsher credit standards fearing lawsuits and penalties over troubled loans.
Read More »Ernst Publishing Company, eLynx Link Software Systems
Ernst Publishing Company, a provider of technology and closing cost data information for the real estate and home finance mortgage industries for 26 years, and eLynx, a provider of on-demand compliance services for Data-Validated MortgagesSM, have linked their software systems.
Read More »Lenders: Here’s How to Attract First-Time Homebuyers
First-time homebuyers, including millennials, are slowly but surely making their way into the housing market and lenders need to be prepared to grab their attention and keep it.
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.
Read More »How are Originators Handling the Qualified Mortgage Rule?
Several mortgage lenders and technology providers reveal to MReport just how they are faring with the QM rule and if it is affecting their business operations.
Read More »How Can Originators Flourish in an Evolving Mortgage Environment?
Russell Anderson, Guardian Mortgage President and CEO, explains how lenders must be swift to adapt and change their business strategies to fit the ever-changing housing market in order to reach and keep customers.
Read More »Compliance, Competition High on the List of Worries for Lenders
While 2015 was a prosperous year for lenders, a tougher mortgage market lies ahead in 2016. With the Fed hanging at least four rate hikes over the industry, this could place damper on origination business operations.
Read More »3 Ways Lenders Can Improve Appraisal Compliance Operations
In the heavily-regulated mortgage environment we live in, appraisal compliance can easily become another tasks on a long list. Janice Buchele, SVP of Residential Operations at The William Fall Group explains how lenders can ensure that they are paying close attention to compliance efforts in appraisal operations.
Read More »The True Impact of TRID
When CFPB Director Richard Cordray likened TRID concerns to the Y2K fuss, he missed the fact that the long-term impact of the rule is not yet a foregone conclusion. Editor's note: This select print feature appears in the February 2016 edition of MReport magazine.
Read More »A Credit Situation: Gender Affects Ability to Obtain a Mortgage Loan
A borrower's credit score could be adversely affected by gender, according to a recent study. Typically, men have an average credit score of 630 out of 850, while women have an average score of 621 but the factors behind these scores is where the story gets interesting....
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