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Mortgage

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ICE, Sagent are expanding their footprints with new offices

December 18, 2024 by bp56691
ICE is moving the headquarters of its mortgage technology division to Jacksonville, while Sagent is opening a new office in Dallas.
Categories Dallas, Florida, Intercontinental Exchange, Jacksonville, Mortgage, Sagent, Servicing, Technology, Texas

Another Fed rate cut is expected Wednesday, but mortgage rates aren’t likely to tumble

December 17, 2024 by bp56691
Another Fed rate cut is expected Wednesday, but mortgage rates aren’t likely to tumble
Mortgage rates haven’t moved in tandem with recent Fed rate cuts. Don’t expect that pattern to change much after policymakers meet Wednesday.
Categories Chase, Federal Reserve, First American, LendingLife, Mortgage, Mortgage Rates, Mortgage Rates Center, Origination, Veterans United Home Loans

Guild Mortgage CEO Terry Schmidt on adopting a ‘customer-for-life’ strategy

December 14, 2024 by bp56691
Guild Mortgage CEO Terry Schmidt joins the Power House podcast to explore her company’s recent growth and “customer-for-life” strategy.
Categories Artificial Intelligence, Guild Mortgage, Loan Officer, Mortgage, Origination, Podcasts, San Diego

CBO report shows GSEs have better conditions to repay Treasury by recapitalizing

December 13, 2024 by bp56691
CBO report shows GSEs have better conditions to repay Treasury by recapitalizing
The Congressional Budget Office (CBO) released a study on Friday suggesting that a recapitalization of the government-sponsored enterprises could benefit the U.S. Department of the Treasury in most scenarios.  
Categories Congress, Department of the Treasury, Fannie Mae, Freddie Mac, Government Lending, GSE Reform, GSEs, LendingLife, Mortgage, Regulatory, Trump Administration

CoreLogic: Mortgage delinquencies kept climbing in September

December 12, 2024 by bp56691
September signified a steady decline in mortgage performance since the end of third-quarter 2023. About 3% of all mortgages were in some form of delinquency in September 2024 — up 20 basis points year over year, according to a CoreLogic report released this week.
Categories CoreLogic, Delinquencies, Foreclosure, LendingLife, Mortgage, Servicing

AARP assesses aging in place, role for reverse mortgages

December 12, 2024 by bp56691
A new AARP report found that communities and policies need to work harder to address the aging in place preferences of seniors.
Categories AARP, Joint Center for Housing Studies, LendingLife, Mortgage, Origination, Reverse

Uplist’s Jeff Bell on finding efficiencies for loan officers

December 12, 2024 by bp56691
Jeff Bell, president of UpWell Mortgage and Uplist, talks about the industry turning a corner after two rough years.
Categories LendingLife, Mortgage, Origination, Refinancing, Technology

UWM, Better join Fannie Mae’s controversial title insurance waiver pilot

December 11, 2024 by bp56691
UWM, Better join Fannie Mae’s controversial title insurance waiver pilot
UWM and Better have joined Fannie Mae’s pilot program that waives lender title insurance requirements for certain refinance transactions.
Categories ALTA, Better.com, Fannie Mae, LendingLife, Mortgage, Origination, Title, Title insurance, United Wholesale Mortgage

Foreclosure filings dropped in November. Is market pressure finally easing up?

December 10, 2024 by bp56691
One in 4,795 homes had a foreclosure filing in November 2024. That equates to a total of 29,390 filings, down from 30,784 in October.
Categories Attom Data Solutions, California, Connecticut, Florida, Foreclosure, LendingLife, Mortgage, Nevada, Texas

EasyKnock, facing fire on multiple fronts, abruptly shuts down

December 9, 2024 by bp56691
Founded in 2016, New York-based residential sale-leaseback platform EasyKnock goes out of business.
Categories Capital Funding, EasyKnock, Home Equity, LendingLife, Mortgage, Regulatory Compliance, Venture Capital
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