Bank of America mortgage volume falls 12%, raising market share questions.
JP Morgan and Wells Fargo report lower mortgage volumes amid rising rates, creating potential originations and refinance opportunities for private lenders.
Capital risk for homebuilders: why funds depart and erode.
A prior market crisis serves as a cautionary case: when mortgage finance depends heavily on a single backer, funding stress transmits quickly across the system, amplifying liquidity shortages and forcing abrupt credit tightening. Concentration creates a single point of failure—secondary markets can seize, servicers [...]
Social Security announces a 3.6% COLA increase.
Social Security retirement benefits are set to rise by an average of $75 per month, a modest increase that will be felt most by households dependent on fixed income streams. For many retirees, that increment can cover routine outlays such as utilities, groceries, or [...]
Each servicing exception requires an owner and a timeline.
The Mortgage Bankers Association’s benchmark shows servicing a nonperforming mortgage carries materially higher costs than routine loans, with nonperforming servicing expenses averaging about $1,573 per loan versus roughly $176 for a performing loan. That gulf reflects concentrated operational intensity: loss‑mitigation and modification efforts, legal [...]
How equity buyouts operate in divorce refinances.
Equity equals appraisal less mortgage balance; buyout value depends on the remaining borrower capacity, income, debt ratios and allowable loan limits. LTVs
Mortgage applications fall 2.7% amid rising interest rates.
Mortgage refinance activity presented a mixed picture: the refinance share of originations rose to 37.7% even as FHA refinance volume declined by 5% amid rising interest rates. That divergence highlights a compositional shift within the refi market — conventional and credit‑strong borrowers appear more [...]
Compass bolsters AI focus by adding Google Gemini leader to its board
Sissie Hsiao’s leadership of a major consumer-facing AI app at Google highlights a growing intersection between advanced product design and financial services. Her expertise in shaping conversational AI and scalable mobile experiences signals what mortgage firms prize when pursuing digital transformation: seamless borrower journeys, [...]
Optimal Blue data indicate expansion of non-QM lending and ARM usage.
Non-QM loans comprised 12% of production in the latest reporting period while the 30-year conforming mortgage rate stood at 7.39% by period end. That blend of market share and elevated benchmark pricing signals lenders are leaning on non‑qualifying mortgage channels to capture borrowers who [...]
Experian expands Power Profile Plus to include unlimited soft pulls.
A new credit-qualification tool combines a full Experian consumer credit file with VantageScore 4.0 to create a streamlined, lender-facing prequalification capability. By relying on a soft inquiry-backed VantageScore 4.0 tied to a complete Experian profile, the solution gives originators a richer, more consistent snapshot [...]
Gitcha seeks to shift the MLS focus away from sellers.
The company’s founder, Dan Cooper, announced that five multiple-listing services (MLSs) have signed on to the platform, and he signaled that additional MLS partnerships are likely once outstanding contracts are fully reviewed. The disclosure underscores a deliberate growth strategy that balances rapid network expansion [...]