A few mortgage executives are embracing a more holistic strategy that goes beyond these all-too-familiar and destructive tactics—cost transformation. But what is it, exactly? More importantly, how can it help lenders operate more efficiently regardless of market shifts?
Category: News and Trends
Sponsored Content from Equifax: Differentiated Insights to Expand Access to Credit
Using telco, pay TV and utilities insights to help create greater homeownership opportunities for millions of U.S. mortgage applicants.
Mark P. Dangelo: Data Ecosystems and Fabrics are the New ROI—Not Systems
Why does innovation and technology ROIs continue to disappoint? ROI efficacy has become the symptom of the problem as the bullseye of measure is no longer fixed on the application, the cloud solution, or the innovation delivered. The rise of digital ecosystems has permanently altered the ROI discussions and evaluations—and the investment strategies deployed.
David Arnett of Cherry Creek Mortgage: Engaging Millennials and Single Women Despite a Down Market
There’s been a lot of research done on the impact Millennials and single women are having on the housing market. Yet there’s not a lot of solid advice on how to attract and engage these audiences, which is a shame considering how important they are to an originator’s business. But there are effective ways to get your message across if you’re willing to rethink your current marketing strategy.
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“Given FHA’s healthy financial position, MBA continues to believe that HUD should make FHA loans more affordable by reducing mortgage insurance premiums as soon as budgetary opportunities allow. This move would help offset the impact of higher mortgage rates and improve the purchasing power for many prospective first-time homebuyers, minority buyers, and those with low and moderate incomes.”
–MBA President & CEO Robert Broeksmit, CMB.
MBA: Mortgage Credit Availability Falls for 8th Straight Month
Mortgage credit availability fell for the eighth straight month in October, remaining at a nine-year low, the Mortgage Bankers Association reported Tuesday.
MBA: Mortgage Credit Availability Falls for 8th Straight Month
Mortgage credit availability fell for the eighth straight month in October, remaining at a nine-year low, the Mortgage Bankers Association reported Tuesday.
Retail’s Small-Format Advantage
More retailers are now incorporating small-format stores into their portfolios, reported Placer.ai, Los Altos, Calif.
FHA to Issue 2022 Mutual Mortgage Insurance Fund Results
FHA on Tuesday morning will release results of its Annual Report to Congress Regarding the Financial Status of the FHA Mutual Mortgage Insurance Fund for fiscal year 2022.
3Q Fraud Index Shows Increase in Multifamily Risk
CoreLogic, Irvine, Calif., said its National Mortgage Fraud Risk Index showed little change in the third quarter, although it noted a “significant” increase in risk levels for multifamily purchases.