With IMBs reporting an overall net loss of $82 on each loan they originated in Q2, one analyst notes that “the second quarter of 2022 did not yield the usual Spring seasonal pick-up in purchase activity."
Read More »Renting Remains Most Affordable Option in Major Metros
In 38 of the 50 largest U.S. metros, the monthly cost of renting a home is lower than buying a starter home. The median listed rent across these 50 analyzed metros was $1,876, growing by 14.1% during June 2021.
Read More »Housing Finance Agency Funds $14 Million in Affordable Loans
CBC Mortgage Agency (CBCMA) announced that $14 million in affordable home loans have been purchased to date via the company's online platform—CRA Note Exchange. CBCMA's aim is to help low-moderate income consumers, often in minority neighborhoods, achieve the dream of homeownership.
Read More »Refinances ‘Leveling Out’
The latest report on originators also found the time to close all loans rose month-to-month. Click through to see how long it takes.
Read More »Homeownership Barriers for Millennials
A new report details the obstacles keeping younger generations from buying a home, and how it compares to prior generations.
Read More »Bell Bank Mortgage Hires Regional Head
Greg Gunn will lead Bell Bank Mortgage's midwest operations and will be responsible for recruiting, developing brand awareness, and building the business.
Read More »Gateway, Black Knight Partner for Risk Mitigation
Black Knight’s Ernst Fee service will help Gateway First Bank to mitigate risk with cures and automate accuracy of fee data.
Read More »Jeff Schmidt to Lead Gateway First’s Mortgage Ops
As Chief of Mortgage Operations, Jeff Schmidt will manage the underwriting, appraisal, closing/funding, post-closing, and construction lending departments at Gateway First.
Read More »Ellie Mae Enhances HELOC Functionality
Ellie Mae's expanded functionality offers additional automation capabilities for greater efficiencies in HELOCs for lenders.
Read More »Finicity, LendingQB Partner to Improve the Mortgage Process
LendingQB’s platform now uses Finicity’s VoA solution to allow lenders to free up resources, increase processing speed and reduce mortgage fraud.
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