The effects of last month’s Brexit vote are starting to take hold in the U.S. mortgage market, where cautious (but definitive) optimism has sparked the refinancing sector.
Read More »Mortgage Re-engineering: Rebranding the Product
As the housing market moves closer to “normal,” the mortgage industry has an opportunity to reinvent itself by selling an experience.
Read More »OCC: Compliance Risk Remains High
The banks' regulator said that complying with TRID, which went into effect on October 3 last year, is still a challenge.
Read More »Share of Student Loan Debt-Laden Borrowers Rising
Recent reports saying that borrowers burdened with student loan debt are having a hard time attaining homeownership. Those reports may be exaggerated, however.
Read More »Nonprofit Network Sets $3 Billion Origination Goal
With mortgage interest rates near historic lows and underwriting standards improving, NeighborWorks America has increased the target dollar amount for mortgage originated by nonprofits in its network.
Read More »Mortgage Originations Spiked by Positive National Credit Data
Mortgage originations in the housing market rose significantly over the last year thanks to the positive overall credit picture in the U.S., along with a rise in the ...
Read More »Mortgage Originations Drop 31 Percent in 2014, HMDA Data Finds
Mortgage loans declined from 8.7 million to 6.0 million, or by 31 percent in 2014 compared to the previous year, mostly due to a drop in refinancing.
Read More »Mortgage Originations Expected to Decline in 2014, CoreLogic Estimates
Mortgage originations are expected to decrease by 30 percent in 2014, due to a decline in refinance activity, according to estimates from CoreLogic.
Read More »Credit Unions Hold Largest Share of Mortgage Originations
Credit unions' market share of mortgage originations are experiencing a growth spurt in comparison to other financial institutions. TransUnion research released Tuesday found that credit unions' share of all mortgage originations has increased from 7 percent in Q1 2013 to 11 percent in Q1 2015.
Read More »Mortgage Originations Climb for First Quarter of 2015
Mortgage originations have seen tremendous growth this year, according to Equifax's National Consumer Credit Trends Report. The report found that mortgage origination balances reached $466 billion in the first quarter, a 74.4 percent increase from the same time a year ago. First mortgages increased 79.9 percent compared to the first quarter of 2014 to $430 billion, leading this growth spurt. Meanwhile, originations of home equity lines of credit (HELOCs) increased 30 percent to $30.9 billion and new home equity installment loans climbed 13.6 percent to $5 billion.
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