Category: News and Trends

Home buyers today would have to spend nearly $1,400 more per year on their mortgage than they would have a year ago, as rates have risen rapidly since the beginning of 2018, said Zillow, Seattle.

The Mortgage Bankers Association and other industry trade groups urged federal banking agencies to streamline the “Volcker Rule” to reduce costs for businesses.

TransUnion, Chicago, said growth in home equity could lead to a surge in home equity lending over the next year. However, the Joint Center for Housing Studies at Harvard University said home improvement and repair spending is expected to soften in 2019.

Rent prices in single-family rental properties increased 3.1 percent year-over-year in August, reported CoreLogic, Irvine, Calif.

WASHINGTON, D.C.–The mortgage industry’s adoption of financial technology will be more evolutionary than revolutionary, two mortgage technology leaders said here at the Mortgage Bankers Association’s Annual Convention & Expo.

WASHINGTON, D.C.–The mortgage industry’s adoption of financial technology will be more evolutionary than revolutionary, two mortgage technology leaders said here at the Mortgage Bankers Association’s Annual Convention & Expo.

WASHINGTON, D.C.–The mortgage industry’s adoption of financial technology will be more evolutionary than revolutionary, two mortgage technology leaders said here at the Mortgage Bankers Association’s Annual Convention & Expo.

WASHINGTON, D.C.–Bureau of Consumer Financial Protection Acting Director Mick Mulvaney said despite perceptions that the Bureau has stopped enforcing laws and regulations, the Bureau “continues to function as we did before–we are just taking a different way of looking at it.”

WASHINGTON, D.C.–Tim Mayopoulus joined lenders here at the Mortgage Bankers Association’s Annual Convention & Expo on his last day of work at Fannie Mae.

The commercial mortgage-backed securities delinquency rate fell 23 basis points in September to 3.41 percent, reported Trepp LLC, New York.