“For the third consecutive quarter, the average pre-tax net production income was in the red, reaching a new survey low of 99 basis points of loss in the final three months of 2022,” said Marina Walsh, CMB, MBA’s VP of Industry Analysis.
Read More »Mortgage Monitor: Prices Offset by Stagnant Levels of Inventory
“We’ve now seen four consecutive months of home price pullbacks at the national level,” said Ben Graboske, President of Black Knight’s Data and Analytics Division.
Read More »Fannie Mae: Lenders Share Pain Points Amid Economic Headwinds
“Surveyed lenders cited personnel expenses as the primary factors driving up loan origination costs over the past two years,” said Doug Duncan, Fannie Mae’s SVP and Chief Economist.
Read More »Rising Rates Leave Fewer Affordable Home Options
Those looking to stretch their budget as far as possible are not seeing any relief as affordability continues to decline amid an environment of rising rates and high home prices.
Read More »Refinance Activity Sinks Amid Rising Rates
Refinance lending sunk 36% in the second quarter, mainly caused by rising rates. Click through to see the latest numbers and get insights from ATTOM’s Rick Sharga on the news.
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 »Complaints About Loan Originations Rise by Nearly 50%
A new analysis by the CFPB has found that complaints from wealthier communities were more frequently about loan origination and performing servicing over the course of 2020.
Read More »The HECM Loan Landscape
Click through to see who topped the list of Home Equity Conversion Mortgage loan lenders in recent weeks, and how many loans are being originated.
Read More »TransUnion Unveils Solution to Extend Real-Time Credit Offers
TransUnion announced the launch of Mobile Offers Now, which helps financial institutions respond to consumer service expectations.
Read More »Better Credit Scores Driving Loan Market
Compared with a decade ago, single-family home-purchase originations have been cut in half. But the denial rate is way down, too.
Read More »