Mortgage Industry News
Beeline Introduces Realtor and Content Creator Partner Program
The new initiative is designed to accelerate origination growth in Debt Service Coverage Ratio (DSCR) mortgages. Continue Reading Beeline Introduces Realtor and Content Creator Partner Program
Mortgage Credit Availability Holds Steady
“Overall levels of credit supply remain tight but have generally grown since 2023,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Holds Steady
Mr. Cooper Pays $1.4 Billion For Flagstar’s Mortgage Operations
The acquisition encompasses Flagstar’s MSRs, advances, subservicing contracts, and a third-party origination platform. Continue Reading Mr. Cooper Pays $1.4 Billion For Flagstar’s Mortgage Operations
MBA: Homebuyer Affordability Conditions Improve
The national median mortgage payment for conventional loan applicants in June was $2,180. Continue Reading MBA: Homebuyer Affordability Conditions Improve
Rocket Mortgage Tops Mortgage Servicer Satisfaction Study for 10th Straight Year
The study is based on responses from 15,020 customers who have been with their current mortgage loan servicer for at least one year. Continue Reading Rocket Mortgage Tops Mortgage Servicer Satisfaction Study for 10th Straight Year
Mortgage applications jump 8.5% as Russia’s war pressures rates
Source: Housing Wire --- Mortgage applications jumped 8.5% for the week ending March 4, as mortgage rates dropped for the first time in three months as a result of Russia’s war in Ukraine, the Mortgage Bankers Association (MBA) reported on Wednesday. Borrowers’ demand...
Nearly 6,000 U.S. Homes Have Sold For $100,000+ Above Asking Price This Year
Source: Redfin --- Nationwide, 5,897 homes sold for at least $100,000 over asking price at the beginning of this year, up from 2,241 during the same period last year. The Los Angeles metro area led the way, with 718 homes selling for at least $100,00 over asking...
What opportunities do lenders miss out on by not focusing on credit?
Source: Housing Wire --- HousingWire: What opportunities do lenders miss out on by not focusing on credit, especially early in the mortgage origination cycle? Mike Darne: When I joined CreditXpert back in March of 2021, I started digging into aggregated internal...
Why the Public is Not Happy with Inflation!
In 1913 folks could buy a five-course meal and iced tea for 10 cents. That was about the time when the Federal Reserve system (central bank) was established. Since that time, approximately 109 years later, as of 2022, inflation increased by 2,740%. Many folks will...
American Mortgage Payment Costs Are Now 36% Higher Than a Year Ago
Source:Bloomberg --- Finding a home to buy is only the first struggle. Then there’s paying the mortgage. That’s become increasingly challenging, with the average American monthly mortgage payment rising to the highest level ever. It’s now $1,230 per month for...
Texas mortgage assistance program opens for statewide applications
Source: KERA News --- State officials have rolled out a "Texas Homeowner Assistance Fund" that is designed to help homeowners who’ve fallen behind on mortgage payments and other housing costs during the pandemic. The program has about $700 million in federal funds...
Crypto mortgage lenders are entering the hottest housing market ever
Source: Fortune --- When Chris Matta wanted to buy a condo in Jersey City three years ago, he ran into a problem. Matta, 32, had just left a job as vice president at Goldman Sachs to start Crescent Crypto, a crypto asset management firm, and most of his net worth was...
Mortgage insurance explained (Podcast)
Source: The Mortgage Reports --- Mortgage insurance basics Mortgage insurance might sound like something that protects you – the homeowner – should you fall behind on your payments. But in reality, it’s a policy for the lender that ensures they’ll recoup their losses...
Multifamily Construction Sentiment in U.S. Remains Positive in Late 2021
Source: World Property Journal --- According to the National Association of Home Builders latest Multifamily Market Survey, confidence in the market for new multifamily housing improved in the fourth quarter of 2021. The MMS produces two separate indices. The...
Friends Do Business with Friends
“Being and Time’” written in 1927, best discussed the concept of authenticity, of being, and caring. Martin Heidegger, a German philosopher, is an excellent read. In Heidegger’s study, he referred to as “Dasein,” which means “Being-there.” One may interpret it as...
