There’s been a significant increase in high debt-to-income lending, according to industry experts speaking on a panel highlighting trends in mortgage credit at the Mortgage Bankers Association conference in Washington, DC, last week. Stephen Mackey, executive vice president and chief risk officer at Mortgage Guaranty Insurance Corp., asked, “Are we setting up borrowers for success?” Home prices are soaring at twice the rate of income growth and both DTI and loan-to-value ratios ...
John Ryan, president and CEO of the CSBS, compared the potential impact from the fintech charter to issues involving federal preemption of state laws in the lead up to the financial crisis.
Mortgage originations tapered off slightly from the second to the third quarter of 2018, according to a new analysis by Inside Mortgage Finance. [Includes one data chart.]
Although industry-wide mortgage production was relatively stable during the third quarter, lenders up and down the ranking reported significantly different trend lines. [Includes one data chart.]