The Census Bureau released findings on Friday that found new home sales had risen to a seasonally adjusted annual rate of 555,000 in January.
Read More »Loan Application Defects Increase as Refinance Applications Decrease
According to the January 2017 Loan Application Defect Index compiled by the First American Financial Corporation, defect, fraud, and misrepresentation risk has increased as market composition shifts to riskier purchase transactions. "While technology adoption has reduced risk for both purchase and ...
Read More »Home Prices Outpace Salaries, Again
Recent analysis of industry data showed that home prices are accelerating ahead of average salaries.
Read More »Chase and Roostify Release Digital Mortgage Platform
Chase announced on February 16 that it has launched a new digital mortgage platform that allows customers to track their home loan experience from start to finish on their computer or mobile device. The new platform is scheduled to ...
Read More »CFPB Proposes Using Alternative Data for Credit-Poor Consumers
Consumers without established credit records usually resort to lenders with higher-priced loan offerings. The CFPB said the burden falls hardest on the young, minorities, and those from low-income backgrounds.
Read More »Outsourcing May Be Best for Lender Document Trailing
Nationwide Title Clearing, a post-closing services provider serving many of the nation’s largest financial institutions, investors, servicers, and custodians, released a white paper for lenders offering a scoring method to help them manage their trailing document process after a loan is originated.
Read More »The Road From Broker to Lender
DS News spoke with Redfin regarding the company's move into the lending space means and it plans to avoid conflicts of interest.
Read More »CFPB Director: Mortgage Credit is “Still Too Tight, In My View”
CFPB Director Richard Cordray called attention to the mortgage industry, particularly lenders, in a speech on Wednesday, where he highlighted some of the progress and pitfalls that the housing market faces.
Read More »Will Big Bank Defections from FHA Change Mortgage Lending?
Traditional big lenders are increasingly walking away from the FHA. The question is what opportunities does it open up, and how will both the FHA and the mortgage market respond to those changes? Moreover, how does it affect you?
Read More »JPMorgan Earnings Report Mixed
Second-quarter profits at JPMorgan Chase dipped nearly 8 percent year-over-year as the bank continued to work with a diminished mortgage market. JPMorgan's latest earnings report, released Tuesday, shows the megabank earned $6.0 billion in profits over the latest three months, putting its performance somewhere between the $5.3 billion reported in the first quarter and $6.5 billion a year ago.
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