Mortgage lending is not left out of this equation with solutions that do everything from automating data entry, to selecting vendors, to generating leads, to issuing reports and more. Lenders more than likely have a solution for whatever problem they might be facing, but with so many different solutions, it can sometimes complicate the process rather than simplify it.
Category: News and Trends
Residential Briefs
Ginnie Mae, Washington, D.C., published a Request for Input on requirements that address acceptability of digital promissory notes and other electronic documents for Ginnie Mae pools and loan packages, as well as participation in its Digital Collateral Pilot.
September Home Price Reports: Your Results May Vary
CoreLogic, Irvine, Calif., said September home price growth slowed nationally to 3.5% from a year ago and to 0.4% from August. However, a separate report from Black Knight, Jacksonville, Fla., said September national home price appreciation saw its largest single-month increase in nearly two years.
Homeowners Today Staying in Homes Five Years Longer Than in 2010
Redfin, Seattle, said the typical American homeowner has spent 13 years in their home, up from eight years in 2010. Median home tenure increased in all 55 metros Redfin analyzed, leading to decreased inventory available for first-time home buyers in many places.
FHFA Issues RFI on Fannie Mae, Freddie Mac UMBS Pooling Practices
The Federal Housing Finance Agency yesterday issued a Request for Input about Fannie Mae’s and Freddie Mac’s pooling practices for the formation of “To-Be-Announced”-eligible Uniform Mortgage-Backed Securities.
MBA Advocacy Update
On Monday at MBA’s Annual Convention and Expo in Austin, Texas, HUD Secretary Ben Carson revealed that HUD and the DOJ issued a Memorandum of Understanding that establishes guidelines on how the agencies will use the False Claims Act to enforce potential violations of FHA requirements.
Preparing Your Institution’s Commercial Lending Landscape for 2020
In just two short months, we will be heading into a new year and a new decade. To prepare, many institutions are planning their budget and objectives for the next year to ensure growth and profitability. With the start of a new decade, institutions are looking for ways to better equip their team with offerings and technology to meet the needs of current and future borrowers and evolve the lending process.
MBA Presents Burton C. Wood Award to California MBA’s Susan Milazzo
The Mortgage Bankers Association presented its annual Burton C. Wood Legislative Service Award to California Mortgage Bankers Association CEO Susan Milazzo.
STRATMOR: Borrower Satisfaction Driving Lender Technology Decisions
According to the 2019 Technology Insight Study, Greenwood Village, Colo., improving the borrower experience is the key driver for implementing technology, with three of the top five perceived digital benefits specifically focused on enhancing borrower satisfaction with the loan process.
Black Knight: First-Time Homebuyers ‘Under Pressure’ as Early-Stage Delinquencies Rise
Black Knight, Jacksonville, Fla., said nearly 1% of first quarter originations became delinquent six months post-origination. Though this represented less than one-third of the 2000-2005 delinquency average of 2.93%, it is up more than 60% over the past 24 months and the highest since 2010.