An increase in the share of minorities working as loan originators could boost approval rates for loan applications by minority borrowers, according to findings from two new studies.
A Fed rate hike is bad news for most home lenders but a gift to owners of mortgage servicing rights. Time to sell receivables? Borrow against them? An interesting year lies ahead.
As the “easy” refis decline, lenders are turning to non-QMs, renovation loans, equity-extraction products and other less common offerings. There are also other moves lenders can make at the beginning of a down cycle, according to industry analysts.
By punting on this GSE case, the appeals court effectively ends shareholders’ constitutional and Administrative Procedures Act claims. Now, all eyes turn to a breach of contract battle in district court.
Rocket is the largest home lender in the land but ranks fifth among servicers. Does it have designs on being the number-one servicing shop too? Hard to say.
Government agencies and trade associations are warning the residential-finance industry to guard against the elevated risk of cyberthreats from Russian actors in the wake of that nation’s invasion of Ukraine.
The consortium of mortgage lenders hopes to have 20 Walmart locations by the end of year. The co-op also launched a credit reporting agency and loan automation service for members.
The first quarter ends in a few weeks and so far no top-ranked lenders have announced plans to sell. Is it just a matter of time or is something else afoot?
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