• Ocwen2.71+0.04 +1.50%
  • Zillow42.87-0.36 -0.83%
  • Trulia47+0 +0%
  • NationStar17.37-0.19 -1.08%
  • CoreLogic41.81+0.10 +0.24%
  • RE/MAX55.25-0.40 -0.72%
  • Fannie Mae2.81+0.08 +2.93%
  • Freddie Mac2.675+0.055 +2.099%
  • Wells Fargo53.02-0.72 -1.34%
  • CitiMortgage61.07+0.37 +0.61%
  • Bank of America24.00-0.07 -0.29%
  • Lennar50.39-0.60 -1.18%
  • Fidelity National Financial40.39-0.08 -0.20%
  • D.R. Horton33.07-0.18 -0.54%
  • PulteGroup22.75-0.27 -1.17%
  • First American41.66-0.40 -0.95%
  • BKFS39.10+0.20 +0.51%
  • AUDUSD=X0.7384+0.0006 +0.0745%
  • USDJPY=X113.2800-0.5410 -0.4753%
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Home >> News >> Origination

What Can Lenders Do to Stand Out?

What Can Lenders Do to Stand Out?

As refinance activity declines and housing prices keep rising, lenders are clamoring to attract what few purchase buyers are still out there. But they’ll need to up their game in order to stand out from the pack. What’s the best way to do that? A new report released on Monday has the answer.

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Lenders are Loosening Up … But Why?

Lenders are Loosening Up … But Why?

Lenders are continuing to loosen up their credit standards—and they have been for some time, according to a new survey from Fannie Mae. But what’s causing this easing and how long will it go on? The GSE may have the answer.

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Could Supreme Court Decision Have Vast Implications on Mortgage Industry?

Could Supreme Court Decision Have Vast Implications on Mortgage Industry?

The Supreme Court ruled Monday in a unanimous decision that the Fair Debt Collection Practices Act did not extend its reach to entities that purchase defaulted loans on the secondary market. The petitioners brought their case in front of the Supreme Court in an appeal of the 4th Circuit Court ruling in favor of the respondent. Justice Neil Gorsuch delivered his first opinion since his conferral to the Court.

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Lower Down Payments Make Homeownership More Accessible

Lower Down Payments Make Homeownership More Accessible

Although some recent reports are saying that homeownership is struggling, newer “super low down” loans are beginning to become more popular with millennials. It is estimated that, on average, it takes young people nearly a decade to save for a traditional 20 percent downpayment. In response, some lenders are implementing 3 percent equity mortgages.

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Critical Loan Defects Should Continue to Drop

Critical Loan Defects Should Continue to Drop

Critical defects are down compared with Q1 of 2016, according to ACES Risk Management (ARMCO) in its Q4 Mortgage QC Industry Trends. The report details a breakdown of the final quarter of 2016, including defect rates and findings for each Fannie Mae loan category. It also predicts, with the continued understanding of TRID and its impact, critical loan defects should continue to trend downwards in 2017.

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Purchase Originations, Refis in Freefall

Purchase Originations, Refis in Freefall

New data shows that mortgage originations are in freefall. While both purchase loan originations and refinances took a hit, refis saw the steepest drop, decreasing 34 percent over the first quarter of the year. Purchase originations dipped 21 percent over the same period. The average credit score of borrower is also on the decline, which could dampen the market if the trend keeps up.

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Mortgage Rates Down, Loan Applications Up

Mortgage Rates Down, Loan Applications Up

As previously predicted, mortgage rates reacted to the recent drop in the Treasury yield, falling this week to a 2017 low. However, these low rates may soon bounce back, with 30 percent of mortgage professionals polled predicting that next week will see a rise in rates. For now, the industry is experiencing an increase in loan applications as applicants move to take advantage of the favorable market.

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CBCInnovis Partners with LexisNexis

CBCInnovis Partners with LexisNexis

In July, liens and judgments data will no longer be included in traditional credit scores. In order to fill that gap, CBCInnovis will be offering the LexisNexis RiskView Liens and Judgments Report to lenders. Being that borrowers who have a judgment or tax lien are more likely to end up in pre-foreclosure or foreclosure, CBCInnovis hopes this information will be helpful to lenders.

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Factual Data Announces Lein and Judgment Reporting

Factual Data Announces Lein and Judgment Reporting

Factual Data announced Thursday that they will be offering the LexisNexis RiskView Liens & Judgments Report to lenders. Due to liens and judgments data being discontinued in traditional credit scores, Factual Data intends to bridge the gap. Mortgage lenders, who have relied on this data for over two decades, now have an alternative plan after the July cutoff.

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