Tag Archives: Mortgage Lenders

Mortgage lenders reported demand growth for GSE eligible purchase mortgages over the past three months rebounded significantly in the second quarter this year.

Fewer mortgage lenders are reporting that they are loosening credit standards, and many do not expect credit to become more accessible over the next few months, according to data from Fannie Mae.

The non-qualified mortgage loan market has originators a bit wary toward borrowers and questioning if the risk is really worth it.

Despite recent reports surrounding the dismal state of the U.S. economy, the housing market remains strong and unbothered by such news, particularly mortgage lenders.

Director in the Mortgage Practice at J.D. Power, Craig Martin, offers advice to lenders on how to boost their originations business and ensure customer satisfaction.

The Fannie Mae survey found that the easing of credit standards may help solve some of the affordable housing problems that the housing market has been experiencing.

A survey of 95 national banks and federal savings associations revealed overall on average, those institutions have eased their underwriting standards for the third consecutive year, according to a report from the Office of the Comptroller of the Currency.

Homeowners across the nation are undoubtedly recovering from the housing crisis, but wealth among these homeowners is not contributing to the economy as whole like it did prior to the crisis.

With technological advances happening constantly in the mortgage industry, lenders may still be passing up opportunities to reach potential borrowers due to a lack of focus on mobile channels. According to Fannie Mae's Mortgage Lender Sentiment Survey, 40 percent of lender plan to offer a mobile application in the next year, but there are some lenders that have already got the jump on mobile technology.

The U.S. government has filed a lawsuit against five mortgage lenders and their principals, alleging that they defrauded the government and a number of banks through false Federal Housing Administration claims.