Lenders lost $2,812 per loan as business dropped off faster than they could trim expenses and production costs hit a record-high $12,450 per loan, a Mortgage Bankers Association survey found. Continue reading
J.D. Power warns that the mortgage customer experience is increasingly commoditized, with few lenders finding the right formula to be seen as trusted advisers. Continue reading
In projections released Monday, economists expect 5.78 million homes to change hands this year, representing a 16.2 percent decline from a year ago — a steeper drop than the 15.6 percent pullback forecast in July. Continue reading
A string of acquisitions coupled with strong organic growth helped software, data and analytics provider Black Knight post double-digit revenue growth during the second quarter. Continue reading
But dwindling profit margins on shrinking mortgage refinancings take a deep bite out of second-quarter earnings. Continue reading
For those who believe an impending doom is on the horizon, here is some bad news: It’s not going to happen. In this second of two opposing opinion pieces on the housing crash, Matthew Gardner shares why we won’t see any mythical bubble bursting. Continue reading
The booming housing market could be slowing down – Fannie Mae and Freddie Mac are predicting a decrease in mortgage originations in 2021. Continue reading
Decreasing mortgage rates contributed to the highest volume in mortgage originations in 14 years at a total of $752 billion, according to the Federal Reserve Bank of New York. Continue reading
Mortgage originations sunk to a four-year low in 2018, according to the Federal Reserve Bank of New York’s quarterly household debt report released Tuesday. Continue reading
Mortgage originations among self-employed households have fallen more than for salaried households. This decline has occurred even though self-employed persons earn more on average than salaried workers. Here we discuss several factors that influence t… Continue reading