RE/MAX, Denver, marking the end of peak home-selling season, said September home sales rose by 8.1% year over year, the largest such increase since November 2016.
Category: News and Trends
Lenders Can Drive Home their Expertise with Digital Transformation
Mortgage lenders are adjusting to operating in a fast-changing landscape that is more complex than ever. Technological advances, rising borrower expectations and the transformation of operations and compliance controls dominate the mortgage lending environment.
Zillow: Housing Inventory Falls to New Lows
Zillow Inc., Seattle, said any gains from a modest buildup of inventory earlier this year were more than erased during the 2019 home shopping season.
MBA Advocacy Update
Last week, Consumer Financial Protection Bureau Director Kathy Kraninger gave her semi-annual report before the House Financial Services Committee and the Senate Banking Committee. And the Financial Accounting Standards Board announced that it will delay the implementation date of the Current Expected Credit Loss standard for small public companies and private companies.
Redfin: 3Q Migration Trends Reach Record High
A record-high 26 percent of home searchers looked to move to another metro area in the third quarter, up from 25 percent the year before, said Redfin, Seattle.
MBA Chart of the Week: Refinance Applications by Loan Size
We saw a downward turn in mortgage rates in late 2018, which started when there was a flight to quality in response to concerns about a slowdown in the global economy and trade tensions between the U.S. and China. The drop in mortgage rates led to a revival in the refinance market in 2019.
The Week Ahead
The Mortgage Bankers Association’s Annual Convention & Expo is less than one away.
People in the News
FormFree, Athens, Ga., appointed former Fannie Mae Strategic Business and Relationship Manager Christy Moss, CMB, as director of partner relationships.
How Servicers Can Address Flood Insurance Issues
Today’s regulatory environment can move as fast as flood waters. Helping borrowers find opportunities to reduce or even remove their flood insurance starts with understanding all of the basics around this ever-changing area.
Planning for Long-Term Survival Through Strategic Outsourcing
We all know that many processes within mortgage loan origination and servicing are licensed activities. Therefore, the onus is on service providers to closely monitor regulatory changes, advise lenders, maintain licenses and ensure compliant operations, whether onshore or offshore.