Underwriting

As the coronavirus created uncertainty for the housing market, underwriting standards tightened further in June.

As the country wrestles economic volatility, millennial homeownership demand rises, fueled by historically low mortgage rates.

Video conferencing might replace some in-person meetings even after people can go back out on the road again.

Government-sponsored enterprise reform could be one hurdle to future innovation.

Buying power for many consumers is hampered and some originators said that affects their ability to serve consumers.

The availability of some loans used to build homes dried up due to the coronavirus. Opening up the economy may help if it doesn't lead to a spike in infections, and if consumer demand persists.

The measures extended by the Federal Housing Finance Agency include alternative methods used for certain appraisals and for verification of employment.

Looming economic uncertainties forced mortgage lenders to tighten underwriting standards in May.

But unless lenders make fundamental shifts in how they use this technology, change isn't going to happen.

The coronavirus made it particularly tough for independent contractors and independent business owners to get home mortgages, but there are some signs that market may recover soon.

Loans with coronavirus-related forbearance have to be reported as current to the credit bureaus but there’s a ripple effect from them that has implications for credit reports and underwriting.

Homeowners hurt by coronavirus were told they could delay their mortgage payments without facing consequences. Now, some are learning they’re at risk of being shut out of the housing market.

The title insurer did not disclose the number of layoffs.

Three of the four had fewer new notices of delinquency for the quarter, but that should change going forward.

Mortgage rates are at record lows, but borrowers hoping to take advantage are running into the toughest loan-approval standards in years.

Many originators stopped making riskier products, including jumbo loans and low credit score offerings, during April.

The government-sponsored enterprises have set new temporary limits on mortgage sales while extending processing flexibilities related to COVID-19.

The other parts of the Day 1 Certainty program regarding income and asset verifications remain in effect.

The first-quarter loss ended a two-quarter profitability streak the company hoped to maintain.

Correspondent loan sellers are hoping the new GSE purchases will help to open a market frozen by coronavirus-related risk — but the prices offered so far aren't too promising.