Wells Fargo, JPMorgan Chase and Flagstar are all working on large servicing deals, but as sellers. Meanwhile, HUD is worried about lower GSE loan limits.
The refinance market may have largely spent itself for now, but the future of the purchase-mortgage market looks bright – and the path to success in that space is mobile technology, according to a leading industry executive. “The mother of all purchase markets is brewing,” said Bill Dallas, CEO of Skyline Home Loans, during a webinar sponsored by Inside Mortgage Finance this week. “The market is coming off a purchase bottom and is ready for a shift to purchase.” The Mortgage Bankers Association projects that ...
IBM announced last week that it is offering a digital loan-processing platform that will allow borrowers to engage in the loan application process via a smartphone or tablet. Eric Ray, a general manager of IBM’s financial services sector, said the IBM Digital Loan Platform will help lenders connect with borrowers. “We believe delivering a transformational customer experience will differentiate future mortgage leaders from the pack,” he said. “By partnering with IBM, lenders can out-maneuver ...
Large parts of the Bay Area and Southern California qualify for the top high-cost limit, while other California markets such as San Diego ($546,250) and Sacramento ($474,950) have intermediate high-cost limits.
CFPB director Richard Cordray could be softening somewhat in response to the mortgage industry’s plea for regulatory enforcement relief when the new rules take effect in January.
The letter to members of Congress is notable for which trade groups didn't sign on, including the American Bankers Association and Mortgage Bankers Association.
RSS