What does 2016 have in store for the US housing market? While some forecasts predict significant value increases across certain markets, other forecasts are more conservative. Which ones have it right? To obtain valuable insights you can’t get anywhere else, plan on attending HousingWire’s US Housing Forecast webinar. In partnership with HouseCanary, the nation’s most […]
According to the MBA, 2Q 2015 brought $225 billion in new purchase originations – the highest level we’ve seen since Q4 2007. Stories of mortgage firms beating their own 2015 projections are rampant industry-wide. And it’s very possible interest rates will stay low – and consumer demand steady – well into 2016. How can you […]
Property tax management is vital to keeping your real property portfolio safe and healthy. Not knowing bill amounts or the delinquency status of properties carries serious ramifications. In this comprehensive new report, tax specialist LERETA has analyzed and highlighted current trends in property tax bill amounts and delinquencies across 53 counties in California. By downloading this report, […]
The complexity of credit reporting has increased dramatically. Fannie Mae now requires that specific trade lines be consistently verified and newly introduced credit comments such as “consumer dispute” and “short sale” be addressed prior to receiving Fannie Mae’s automated approval. Other items such as tracking costs across multiple branches, accepting consumer credit card payments and […]
Although the TRID timing has changed, TRID will still require lenders to replace the Good Faith Estimate and the initial TIL disclosure with the Loan Estimate (LE), and the Final TIL disclosure and the HUD-1 Settlement Statement with the Closing Disclosure (CD). This will mean extensive workflow redesign for lenders, as well as loan officer […]
On Oct. 4, 2015, the mortgage industry will enter into the next phase of its existence: post-TRID. The industry is actively working to solve the immediate problems and challenges posed by the new Loan Estimate and Closing Disclosure forms However, the immediate document production issues only cover about 20 percent of the total changes required […]
The second quarter of Freddie Mac’s refinance report indicates that the Refinance boom is over. The report shows the share of borrowers refinancing fell below 50% for the first time since the third quarter of 2008. If you don’t have a successful strategy to market to and convert business in a purchase market, this resource […]
“Mortgage Lending Shaped by the Customer” closely examines insights from Accenture’s recent consumer research study – the 2015 North America Consumer Digital Banking Survey. For bank and non-bank lenders in North America to compete and grow, they need to better understand and anticipate what today’s borrowers really want. Analysis on numerous data points uncovered three […]
The CFPB’s Integrated Mortgage Disclosure Rules are about to take effect, and the e-delivery of mortgage disclosures is taking center stage in the industry. Beginning August 1, 2015, there will be only two ways to shorten the closing timeline: hand-deliver the Closing Disclosure or do it electronically. In this white paper, we discuss how e-signatures […]
There have been a lot of Webinars and topics of discussion at conferences on the new TILA-RESPA (TRID) regulation set place to take effect on August 1, 2015. The Devil in these new rules is in the details, and some of those rarely discussed topics & solutions will be answered by the leading industry professionals […]
As the mortgage lending industry continues to work through a myriad of challenges, one truth is emerging clearly. Consumers will be won or lost based on how easy lenders make it to engage with them. While giving borrowers a smooth and efficient process is key to winning them over, the successful lender of tomorrow must […]
Online and offline, consumer anxiety about providing personal data to complete mortgage and other loan applications is at an all-time. High-profile data breaches at Target and other retailers have made consumers more conscious than ever of the threat to their personal data. For lenders, this presents a potential roadblock to completing mortgage and other loan […]
The OCC and CFPB have recently issued new third-party oversight requirements, and they have a big impact on all appraisal operations. Download the white paper with full description of the changes and much more. This white paper includes: Links to all relevant regs Warnings: Fourteen signs you’re not in compliance Easy solutions for compliance, no […]
“[A]s long as the original note is not satisfied and replaced, and there is no additional extension of credit, as we define it, the restructuring is valid and need not meet the constitutional requirements for a new loan.” This phrase at the opening of the Texas Supreme Court’s opinion in Sims v. Carrington Mortgage Services, […]
The mortgage industry operates more carefully today than ever before in terms of the types of risks it will allow. Credit rules are strict, valuation oversight is high, antifraud measures are taken and new originations are made virtually digital before submission to the major investors. But a danger exists that poses a tremendous risk for […]