Mortgage Applications Continue Downward Trend | Top Predictions

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  Mortgage applications decreased 13.1% for the week ending Feb. 18 to the lowest level since December 2019, as mortgage rates eclipsed the 4% mark. We hope you enjoyed last week’s edition where we talked about Conforming Loan Access At Nine Year Low. This week we’re bringing you:   What should lenders look for in servicing […]

Origination Report Shows Dramatic Changes Over 2021

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  The report for December 2021, however, allows us to see that, in some respects, the mortgage market has evolved significantly over the last 12 months. We hope you enjoyed last week’s edition where we talked about How Will Appraisal Technology Evolve In 2022? This week we’re bringing you:   FHA, VA News Impacting Lenders; Vendor Tools* […]

Ron Terwilliger On How To Make More Affordable Housing

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  America suffers from a severe shortage of affordable homes. This development did not occur overnight: Over the past 20 years, we have “underbuilt” housing by at least 5.5 million homes. We hope you enjoyed last week’s edition where we talked about How Will Appraisal Technology Evolve In 2022? This week we’re bringing you:   Could renovated […]

How Will Appraisal Technology Evolve In 2022?

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  Appraisal technology/management systems need to offer advanced automation and configurable workflows that can react to changes quickly. We hope you enjoyed last week’s edition where we talked about Mortgage Apps Up 2.3% With New Record Average Loan Size. This week we’re bringing you:   ‘Cash is king’ should be mantra for mortgage leaders* Forecast business, […]

Mortgage Apps Up 2.3% With New Record Average Loan Size

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  Mortgage apps increased 2.3% from the previous week, largely due to a strong purchase market, according to the Mortgage Bankers Association (MBA) survey for the week ending Jan. 14. We hope you enjoyed last week’s edition where we talked about Purchase Loans Drive Mortgage Applications Higher. This week we’re bringing you:   Regulators slap […]

Purchase Loans Drive Mortgage Applications Higher

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  Mortgage applications climbed 1.4% for the week ending Jan. 7, 2022, according to a survey published by the Mortgage Bankers Association this week. We hope you enjoyed last week’s edition where we talked about Opinion: Mortgage Industry Will Shed 100K Jobs This Year. This week we’re bringing you:   Mortgage delinquency rate reaches pre-pandemic […]

Opinion: Mortgage Industry Will Shed 100K Jobs This Year

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  But people are the mortgage industry’s most important and valuable asset… We hope you enjoyed last week’s edition where we talked about Automation Helps Lenders Respond To Rising Mortgage Rates. This week we’re bringing you:   What’s holding the industry back from broad-scale digital closing adoption?* One of the biggest challenges lenders face is […]

Automation Helps Lenders Respond To Rising Mortgage Rates

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  Higher inflation, post-pandemic economic recovery, and a reduction in Federal Reserve stimulus incentives are key economic factors expected to put upward pressure on interest rates as we move into 2022 — increasing the already stiff competition among mortgage lenders. This is why, mortgage rates increased in 2022, We hope you enjoyed last week’s edition […]

Mortgage Critical Defects Increase As Refi Market Fades

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  Mortgage Critical defects climb to a rate of 2.27% in Q2 2021, up from 2.01% in Q1 2021. We hope you enjoyed last week’s edition where we talked about Cash-Out Refis Are In High Demand As Equity Levels Skyrocket. This week we’re bringing you:   OCC issues final rule to axe 2020 CRA version* […]

Cash Out Refis Are In High Demand As Equity Levels Skyrocket in 2022

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  With the increase of tappable home equity, Black Knight predicts an influx of cash out refis in the months to come. We hope you enjoyed last week’s edition where we talked about Nonbank Profit Margins Improve, But Expenses Are Up. This week we’re bringing you:   To advance mortgage lending, trust must take backseat […]