Everyone knows that having a high credit score has significant benefits. Click through for the findings of a study that puts real numbers to the test to determine how credit scores impact savings over the life of a loan.
Read More »Mortgage Lending: An Innovative Space
Eric J. Schuppenhauer, President of Home Mortgage at Citizens Bank gives his insights into the cyclical nature of the industry, innovation in a higher rate environment, and why it’s important to be passionate about your work. Editor’s Note: This feature originally appeared in the July issue of MReport.
Read More »Making a Case for Disaster Preparedness
How can the mortgage servicing industry work together to be better prepared for when a disaster strikes? The Five Star Institute’s Disaster Preparedness Summit hosted by DIMONT and Five Brothers on Wednesday tried to answer this question. Here are some key takeaways from the event.
Read More »House Bill Amends Truth in Lending Act
The House Financial Services Committee today passed a bill amending the Truth in Lending Act that clarifies points and fees in connection with a mortgage loan. Here are the details of the bill.
Read More »Freddie Weighs in on Housing Market Growth
A new Freddie Mac report suggests that the inventory pinch could subside if there was new construction. How will the growth in inventory impact home sales?
Read More »Smart Lending for Underserved Demographics
Today’s origination process is utilizing tech to better reach unbanked or underbanked demographics. Editor’s Note: This feature originally appeared in the July issue of MReport.
Read More »Purchase Loans Prevail in the Mortgage Market
Purchase loans remained robust despite tight inventory and rising mortgage rates, according to a recent report. See how closing rates on purchases performed most recently.
Read More »Caliber Launches New Jumbo Loans Product
Caliber's jumbo loan borrowers may qualify for up to $3 million in loan funds with as little as 5 percent down and a 700 FICO score by using this product.
Read More »OpenClose Launches New App for Originators
The new app introduced by OpenClose provides fingertip access to the company’s proprietary web-based product and pricing engine.
Read More »The Crucial Factor Impacting the U.S. Housing Market
A recent housing and mortgage market report looks at a “simple but powerful fact” that’s impacting the housing market today. What is the significance of this factor, especially in a market that is seeing a rapid rise in home prices?
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