In an exclusive interview, MReport caught up with Erik Schmitt, Head of Product Development at Chase Home Lending to talk about all that goes into making the dream of homeownership a reality. Editor’s Note: This feature originally appeared in the July issue of MReport, out now.
Read More »Fannie Mae Expands Mortgage Insurance Options for Lenders
Fannie Mae’s recently introduced Mortgage insurance product gives lenders another option for obtaining mortgage insurance that satisfies the GSE’s charter requirement for high-LTV loans. Here are the details.
Read More »Mortgage Apps Move Upwards
After two weeks of decline, loan applications are rising as mortgage rates remain steady. Here’s a breakdown of how various mortgage apps have performed.
Read More »Millennials vs. Credit Scores
A new report found significant difference in credit scores of millennial homebuyers across the country. Do these swings highlight the millennial perception of needing perfect credit scores to qualify for a mortgage?
Read More »What’s Worrying Mortgage Lenders in 2018?
A new survey asked mortgage industry professionals what were the headwinds that the housing market faced in 2018 and what challenges were they saw during the year. Here’s what it found.
Read More »Why Aren’t Homeowners Tapping Into Equity?
A report found that American homeowners have $5.8 trillion available in tappable equity, yet a minsicule total of that had been withdrawn in the first quarter. Here’s why.
Read More »The Week Ahead: Tracking Millennial Mortgage Applications
This week, data from a monthly mortgage tracker will focus on mortgage applications by young Americans. Here’s what else is happening in The Week Ahead.
Read More »BCFP Issues Advisory on HMDA Exceptions
The guidelines issued by BCFP advise small banks and credit unions on the partial exemptions available to them under the HMDA rules of the amended Dodd-Frank Act. Here are the details.
Read More »Chattel Loans vs Mortgage Loans
Chattel loans are the most popular finance product for manufactured housing customers, but research suggests why this may not be the most cost-effective loan for these borrowers.
Read More »What Declining Mortgage Rates Mean for Homebuyers
After rising steadily in the first half of the year, mortgage rates have seen a steady decline over the past few weeks, according to Freddie Mac. Here’s what’s likely causing the slide.
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