Projections for gradual increases to the homeownership rate might be overly optimistic, according to some industry analysts. The homeownership rate fell to the lowest level on record in 2016 and then rose in 2017 on an annual basis for the first time since 2004, according to the U.S. Census Bureau. Some industry participants predict that the rate will likely continue to climb gradually, citing declines in renter households and other trends. However, an analysis by Laurie Goodman and ...
House-flip purchase financing totaled $16.1 billion in 2017, up 27 percent from $12.7 billion in 2016 – its highest dollar volume in a decade, according to ATTOM Data Solutions’ fourth quarter and yearend home-flipping report. The report showed 207,088 single-family houses and condominiums were flipped last year, a 1 percent increase year-over-year. It was the highest total of homes flipped since 2006. The flipped houses represented 5.9 percent of all single-family homes and ...
Credit reporting company Experian recently introduced a new product to provide lenders with a wider view into client behavior over time with records from all three national credit bureaus. The new product, Trended 3D, would synthesize a 24-month history of five key credit report fields – balance, credit limit or original loan amount, scheduled payment amount, actual payment amount, and last payment date – and provide a spectrum of user trends. Experian said a conventional credit report is ...
Caliber Home Loans has announced a new mobile platform designed to simplify the loan process for borrowers and key players in the homebuying and mortgage financing chain. The platform features three mobile phone apps customized for borrowers, Caliber’s sales force, real estate agents and homebuilders. The apps provides efficient and effective communication among all parties from home shopping to as far as servicing the loan. “We are a retail shop that provides ..
A group of mortgage brokers released a scorecard this week categorizing 30 wholesale lenders as either “true partners” of brokers, “in the middle” or so-called whole-tail competitors that are seen as taking business away from brokers with their retail outlets.
Wells Fargo was the top home equity lender in 2017 with total second lien production of $24.8 billion, according to a tally from Inside Mortgage Finance…
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