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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High rates and home inventory shortages have increased the importance of builders as referral partners. Here's how some mortgage lenders partner with them.
February 28
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Some legal experts say the U.S. Supreme Court justices appeared to favor national rules preempting state regulations in the Bank of America in a case regarding mortgage escrow accounts.
February 27
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Wall Street saw another busy session of bond sales as issuers looked to borrow before key economic data later this week.
February 27 -
The mortgages have an average balance of $70,312, and an average coupon, on a weighted average (WA) basis, of 10.06%. Also on a WA basis, the borrowers have an original credit score of 739.
February 27
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Cardinal Financial's utilization of the FICO alternative credit metric could help pave the way for broader use as Fannie Mae and Freddie Mac move to adopt it.
February 27
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A rate drop was a common concern for some servicers during the quarter, and Ocwen recently took a step aimed at better addressing this risk in the future.
February 27
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The lender had previously revealed that personally identifying information from 16.6M customers had leaked, but hadn't offered these details.
February 27
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Prices nationally rose 5.5% from a year earlier, according to data from S&P CoreLogic Case-Shiller.
February 27
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Lowe's Cos. said its sales will fall further this year as consumers continue to hold off from sprucing up their homes amid higher mortgage rates and a drop in new construction projects.
February 27
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The top five lenders have an average mortgage origination volume of more than $7.4 billion.
February 27
