Tag Archives: Servicers

A new mortgage report from ATTOM revealed U.S. lenders issued approximately $494 billion worth of residential mortgages in Q2 of 2023, while total activity rose after eight straight quarterly declines to 21%.

Appraisal valuation gaps may persist between white and minority population tracts, but new research from the FHFA has found a reduction in that gap following actions by stakeholders and federal, state, and local agencies.

According to Black Knight's Originations Market Monitor report, overall rate lock volumes were down 1% month-over-month in June, with conforming loans gaining share mainly at the expense of nonconforming loan products.

“Mortgage credit availability was essentially unchanged in June, remaining close to the lowest level since early 2013, as the industry continues to operate at reduced capacity,” said Joel Kan, Mortgage Bankers Association VP and Deputy Chief Economist.

Usage by financial institutions increased by 46% year-over-year from approximately 6 billion scores used to 8.8 billion scores. Usage by banks and thrifts increased by 13.5% and usage by credit card issuers increased by over 18%.

According to a new ATTOM report, mortgage lending declined to its lowest point in nearly nine years in Q4 2022, while purchase loans decreased an estimated 26%.

The latest data from Mortgage Coach and Sales Boomerang underscores the opportunity to revisit prospects previously turned down for credit-related reasons, giving lenders the opportunity to offer timely advice and tailored financial solutions to those with newly improved credit scores.

ATTOM released its Q2 2022 U.S. Home Sales Report, revealing that profit margins on median-priced single-family home and condo sales across the United States hit another new record ...

Signing bonuses are a widespread practice within the mortgage business, and STRATMOR Group Senior Partner Jim Cameron analyzed the industry’s approach toward them by highlighting how bonuses are structured, and how new data and tools can help lenders understand more about the potential of the loan officers they're retaining.

Planet Home Lending, LLC, has announced the launch of its new team in Portland, Oregon, led by Area Sales Manager Tim Hattan, Sales Manager Tom Bond, and Loan ...