The mortgage industry's digital transformation is revolutionizing the home buying experience and upending the status quo for lenders and servicers. The Digital Mortgage Conference is the premiere event exclusively dedicated to these developments, bringing over 1,500 professionals to Las Vegas on Sept. 17-18 for keynote speakers, panels and the main attraction: live product demos showcasing the latest mortgage innovations.
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Citigroup joined rivals in trimming the ranks of its mortgage workforce as rising interest rates continue to crimp demand in the housing market.
September 6
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Higher mortgage rates have led to a sharp slowdown in cash-out refinances. Second mortgages were up nearly 50% in the first five months of the year as homeowners looked for new ways to borrow against their equity.
September 5
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As the GSEs enter their 15th year in conservatorship, shareholders are wondering when they'll get their company back.
September 5
The Delaware Bay Company -
Bond credit enhancement has benefited from historically higher-than-average prepayment speeds and low realized losses despite a COVID-related rise in delinquencies.
September 2
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A larger share of cash-out loans and slowing home-price growth is leading to expectations of more serious delinquencies down the road, according to Milliman.
September 2
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This product, available throughout all of the company's channels, is characterized by interest-only payments over the first 10 years of the term.
September 2
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The move comes amid a price war in the industry sparked by United Wholesale Mortgage.
September 2
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The industry has cut tens of thousands of positions since January, according to the latest Bureau of Labor Statistics estimates.
September 2
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Even though a Compass Point report states the pair have validated the credit scoring model and could implement it in the first quarter of 2023, interested parties would not verify it.
September 2
