Although most consumers indicate that they had a positive homebuying experience, despite a more time consuming mortgage process, they also called attention to three things that banks need to improve on.
Read More »The Reemergence of First-time Home Buyers
First-time buyer volume rose significantly in March 2016, driven by continued labor market improvements, riskier mortgage lending, and historically low mortgage rates.
Read More »Mortgage Credit Access Reverses Course
Credit availability in the mortgage industry increased slightly in the fourth quarter, reversing a long-time downward trend over the last four quarters.
Read More »The Rise and Fall of Serial Refinancers
Homeowners eager to lower their mortgage payments by refinancing their home more than once have returned to the housing market. Their last debut occurred during the housing boom.
Read More »Expect Delays
Though many experts have said housing finance reform is unlikely this year, the time is now to explore the fundamentals of how that reform could happen. Uniform and transparent measures of credit risks will play a key role—whether it’s in 2016, 2017, or beyond. Editor's note: This select print feature appears in the March 2016 edition of MReport magazine, available now.
Read More »Ernst Publishing Company Welcomes New Director of Strategic Accounts
Ernst Publishing Company recently announced that it has hired Mike Fletcher to serve as Director of Strategic Accounts–Lending Market.
Read More »The Results Are In: How Did the Presidential Candidates Fare on Super Tuesday?
It was survival of the fittest among the 2016 presidential candidates on Super Tuesday as they endured 12 primaries and caucuses in different states, ultimately putting their campaigns to the test. Who came out on top and what do these hopefuls intend to contribute to housing in the U.S.?
Read More »CFPB: Mortgages Top the Most Complained About Financial Products
Mortgage loans in today's housing market are not keeping homebuyers happy, as they are most complained about product in the eighth volume of the Consumer Financial Protection Bureau's Monthly Complaint Report.
Read More »Why a New Credit Scoring System Will Open Mortgage Opportunities for First-Time Buyers
The H.R. 4211 bill, or the “Credit Score Competition Act of 2015,” would allow Fannie Mae and Freddie Mac to consider alternative credit-scoring models instead of just the FICO model, which would provide homebuying options for many consumers whose credit does not meet the current standards.
Read More »Connecting Millennials to Mortgages
Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. Monica Orluk, Director, Sales Engineering at Fiserv Lending Solutions advises lenders on how they can attract younger homebuyers with two simple methods.
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