With interest rates trending downward and refinances picking up, the industry is preparing for an upswing. This shift is welcomed good news given the tough origination market over the last two years.... Read more »
“If we took the worst levels of the spreads from 2023 and incorporated those today, mortgage rates would be 0.58% higher right now,” Mohtashami wrote. “While we are far from being average with... Read more »
While the draft measure may be abandoned altogether, Bloomberg reported that in its current form it would apply to both home purchase and refinance transactions. According to the publication, the CFPB will... Read more »
DataTrace, which now operates more than 1,800 U.S. title plants, says the remarkable granularity of its data can help identify renters who are getting ready to buy, empty nesters and fix-and-flip investors.... Read more »
U.S. Sen. Josh Hawley (R-Mo.) has sent a letter to the U.S. Department of Justice‘s Antitrust Division, urging an investigation of Fair Isaac Corp. (FICO), the company that retains the rights to... Read more »
In a competitive market where most borrowers are mortgage rate shopping, credit optimization can be the difference between closing a loan or losing out to an offer from a competitor. Here why CreditXpert’s... Read more »
While the proposed tax credit appears unlikely to get through a Republican-controlled Congress, Biden has the ability to use the CFPB to push his housing policy agenda. An ‘unwelcome surprise’ A CFPB... Read more »
Gareth Borcherds, managing director, Ascent Software Group The GSEs are taking a closer look at how they evaluate collateral risk. Appraisal modernization is vital. Gareth Borcherds, managing director Ascent Software Group outlines... Read more »
The past three years in the mortgage industry were cutthroat, with origination volume shrinking, and while things are looking better for 2024, lenders are still in a position where they must make... Read more »
There were a total of 361 consumer complaints submitted to the Consumer Financial Protection Bureau (CFPB) related to the reverse mortgage industry during the calendar year 2023, according to a consumer complaint... Read more »