Distressed Borrowers Up 14% This Thanksgiving

National Mortgage Professional, Dec. 4, 2024-Erica DrzewieckiBankruptcies continued to increase on an annual basis this November, reflecting ongoing affordability constraints not limited to skyrocketing homeowners insurance and higher mortgage rates.Click …

Dec. 17: Ten Things Your Company Must Do in 2025

This webinar is part of MBA Education’s Garrett, McAuley & Co. Mortgage Banking Management Webinar Series.Most of us didn’t expect 2024 to be worse than 2023, but the second half …

Home Equity CLTVs Improve, Credit Scores and DTIs Worse

Home Equity Lending News, December 1, 2024Credit scores on home-equity products have declined by four points from a year ago, though a quarter-over-quarter improvement was observed.Click here for more

Frozen Home-Improvement Spending Could Take Time to Thaw

The Wall Street Journal, Nov. 26, 2024-Jinjoo LeeAmericans’ $35 trillion home-equity stash is a potential treasure trove for home-improvement retailers, if only stubbornly high borrowing costs would come down.Click here for …

The ‘Silver Tsunami’ Will Hit South Florida Even Harder

HousingWire, Nov. 30, 2024-Chris ClowCommunities across the country, particularly those that are popular among retirees, are seeing an influx of older residents as a “silver tsunami” — based on population …

Mr. Cooper Sues its Insurance Providers Over Cyber Breach

National Mortgage News, November 19, 2024-Maria VolkovaMr. Cooper is accusing its insurers of not indemnifying it for losses caused by a cyber attack that hit the nonbank’s systems in late …

HELOCs With Expanded Criteria Are Trending Among Lenders

National Mortgage News, Nov. 25, 2024-Bonnie SinnockMore mortgage companies have moved into expanded-parameter home equity line of credit programs recently as rated securitizations have grown and volumes are set to …