Borrowers Struggle to Meet Raised Credit Standards
"Are you a borrower suffering from credit challenges? Find out how you can still get the capital you need to take your business to the next level, despite today's increased credit requirements!"
Altos Research’s 2023 US Housing Market Predictions
Prepare for the future of US housing market with Altos Research's 2023 predictions. Our insights help you make informed decisions about buying and investing in real estate for maximum ROI. Secure the best outcome for your financial future.
PennyMac Stays the Course Amid Market Volatility
"Discover why PennyMac remains committed to its private lending services and how a period of market instability can be navigated. Get the latest insights on how to best manage your finances and stay one step ahead."
Understanding the Impact of Lower Mortgage Rates on the Housing Market
Low mortgage rates create great opportunities in the housing market, but you need to understand the implications. Get the latest insights on what you should know when exploring this dynamic market - use our guide for the private lender.
New Year Resolutions in the Housing Industry: Real Estate Agents, Loan Officers and Title Company Owners Unveil Their Goals for This Year
"New Year's Resolutions from Across the Housing Industry" discusses various housing industry professionals' New Year's resolutions. One real estate agent resolves to help more first-time home buyers, while another credits her past year's success to her resolution to be more organized. A loan officer resolves to originate more government-backed loans, and a title company owner resolves to increase her company's social media presence.
2023 Mortgage Prepayment Slowdown Expected as Delinquency Rises – New Fannie Mae Report
Prepayments on mortgage loans are expected to slow in 2023 as delinquencies on these loans rise, according to a new report from Fannie Mae. The number of seriously delinquent mortgages (those delinquent by 90 days or more) is expected to increase from 1.5 percent in 2020 to 2.1 percent in 2021 and 2.5 percent in 2022. The increase in delinquencies is expected to lead to a decrease in the number of homeowners prepaying their loans, from 3.8 percent in 2020 to 2.7 percent in 2021 and 2.1 percent in 2022.
Current Mortgage Rates & Housing Market Trends: Low Rates Staying Here for the Foreseeable Future
This article discusses the current state of mortgage rates and the housing market. It cites a number of sources that suggest that rates will remain low for the foreseeable future. This is good news for those looking to buy a home, as they will be able to get a lower rate. However, it is bad news for those who are currently in the process of selling a home, as they will likely have to accept a lower offer.
Discovering the Best Way to Communicate Rate Changes to Borrowers – Tips For Mortgage Companies
Many mortgage companies are unsure of the best way to communicate rate changes to their borrowers. Some companies have started using social media to announce changes, while others have released statements to the press. Some companies have even started sending out letters to their customers. The best way to communicate rate changes will vary from company to company, but it is important to make sure that the method chosen is effective and consistent.
Federal Appeals Court Rules CFPB Funding Unconstitutional – Impact of Supreme Court Decision
A federal appeals court has ruled that the source of funding for the Consumer Financial Protection Bureau is unconstitutional. The CFPB is a government agency that was created in response to the 2008 financial crisis. The agency is tasked with protecting consumers from unfair and deceptive practices in the financial industry.
The CFPB is funded by the Federal Reserve, which is an independent agency. The appellate court ruled that the CFPB's structure violates the separation of powers because it gives the agency too much power. The CFPB can only be overturned by a vote of Congress, and the agency's director can only be removed for cause.
The decision will likely be appealed to the Supreme Court. If the Supreme Court upholds the ruling, it could have a major impact on the CFPB's authority.
Equifax to Offer Utility Credit Data to Mortgage Firms in 2019: Increased Transparency and Reduced Risk for the Mortgage Industry
As a part of its plan to increase transparency and reduce risk in the mortgage industry, Equifax will provide utility credit data to mortgage firms. This move will help mortgage firms better assess the creditworthiness of potential borrowers, as utility bill payment history is a strong predictor of mortgage repayment. Equifax is the first credit bureau to offer this type of data, which will be available beginning in early 2019.