With the first Fed rate hike in a year occurring on Wednesday and the average 30-year FRM nearly 20 basis points higher than it was at this time a year ago, lender optimism toward the market has plunged as this year ends and a new one begins.
Read More »The Focus on Exchanging Information in Real Time
Real-time exchange of information among all parties involved in the origination process is one of the challenges for the lending industry in 2017.
Read More »Mortgage Rates are Climbing . . . What Now?
Mortgage rates are at their highest level in 16 months after five straight weeks of increasing. What can lenders expect in the new higher mortgage rate environment?
Read More »‘Buyer Remorse’ Over Lender Choice Sets in for Some
A recent survey found that a higher-than-expected share of buyers said they were regretting their lender choice. What did they cite as the source of their dissatisfaction?
Read More »Real Estate Professionals Refer Only a Select Few Lenders
A recent survey from Freddie Mac found that a majority of real estate professionals are highly selective about which lenders get their clients' business.
Read More »CFPB Flags Lenders for Possible HMDA Violations
The Bureau has issued a letter of warning to 44 mortgage lenders and brokers, telling them that they may not be in compliance with the Home Mortgage Disclosure Act.
Read More »Top Lenders’ Market Share at Decade Low
The nation's top mortgage lenders have seen a significant decline in mortgage concentration since it peaked in 2011.
Read More »Outlook is Much Brighter for Lender Profits
Q3 marked the third straight quarter in which lenders reported a net positive profit margin outlook, according to Fannie Mae. Notably, compliance costs were less of a concern among lenders compared with Q3 last year.
Read More »Is a Digital Brand Necessary for Lenders?
Many mortgage lenders have some type of online presence. But do they have a digital brand, a message, or image in the ever increasing online world? Do they need one?
Read More »Compliance Management Issues Still Haunt Lenders
Violations were relatively small, but significant enough for the CFPB to require corrective action.
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