Competition between fintech, marketplace and traditional mortgage lenders often focuses on borrower-facing automation and other technology. What gets overlooked is how differences in their funding sources create another area of competition.
Fannie Mae used last year's Home Mortgage Disclosure Act data to increase its origination projections for both 2017 and 2018 even as its overall economic outlook remained unchanged from September.
With the housing crisis and the Great Recession well in the rear-view mirror, more and more credit unions are offering mortgage options with low or no down payment requirements.
Mortgage defaults keep rising and are getting much nearer to where they were in 2016 as damage from natural disasters continues to add to slight upward pressure on credit.
Fintech and marketplace lender LendingHome is getting more than $450 million in investment and funding from different channels to help support mortgage production growth and technology improvements.
Entrepreneurs like LendingHome's Matt Humphrey are upending mortgage finance with tactics borrowed from fintech, marketplace lending and the traditional mortgage playbook.
Ginnie Mae and the Department of Veterans Affairs have described in more detail the VA loan refinancing practices they will crack down on to eliminate a long-running churning concern.
The latest version of Ellie Mae's Encompass loan origination system includes new features for Home Mortgage Disclosure Act compliance and digital mortgages.
While the scale of destruction and suffering caused by Hurricanes Harvey and Irma is staggering, history suggests the local economy and housing markets in the affected areas will bounce back relatively quickly.
Executive Director
Community Home Lenders Association
The Consumer Financial Protection Bureau was created in part to ensure that nonbanks are subject to federal oversight, but the fact is that 99% of banks are exempt from CFPB supervision.
Building off the success of policy changes in 2016, there are now even more ways for mortgage lenders to help student loan borrowers become homeowners.
From recruitment strategies to leveraging technology without losing the personal touch, here's a look at four challenges and opportunities for the resurgent mortgage broker channel.
Here's a look at 12 cities where the median home sales price is below $215,000, but the combination of housing costs, local wages and other market forces is making home purchasing power disappear in these once-cheapest places to live.
"Digital mortgage" is the hot new buzzword taking over the industry. But what is a digital mortgage anyways? And how did we get here? A live survey during NMN's Digital Mortgage Conference revealed striking observations about the state of industry adoption.
As distressed inventory dries up and home prices soar, more investors are borrowing to buy flip houses. Here's a look at the 12 states with the largest share of financing for flipping houses.
Lenders and servicers continue to shift critical functions to third party service providers in order to lower costs and focus on core competencies. However, effectively managing third party service providers can be very challenging from a compliance, operational and technological perspective. While this has always been the case, it is about to become more important as federal regulators have indicated that they are going to increase their supervision of service providers.
