One of the most common loan defects remains “incorrect income calculation — rental income/loss.”

Undisclosed real estate debt and transaction fraud risks increased the most in the second quarter, according to Matt Seguin, a senior principal for product management at Cotality.

A combination of underinsurance and shrinking claim payouts is pushing homeownership out of reach for millions of people, Alanna McCargo, former Ginnie Mae president, warned in an Urban Institute paper.

Policies aimed at reducing barriers to homeownership inordinately benefit borrowers with wealthy parents, a recent Federal Reserve study found.

Small investors, who own five or fewer properties, are increasingly turning to debt service coverage ratio financing to grow their portfolios.

Bayview Asset Management first acquired a stake in Guild Mortgage in 2020. BAM is on track to fully acquire the lender by the end of the year, after an effort by a competing bidder didn’t proceed.

Retail originations of mortgages by banks and thrifts sharply increased in the second quarter. The industry also reported a more modest increase in secondary-market mortgage sales. (Includes two data tables.)

The mortgage industry appears to be lagging other sectors in adoption of artificial intelligence. Tech providers stress that AI offers lenders potential gains in productivity with limited downsides.

The lender sees major opportunities to increase mortgage volume by reaching out to borrowers who speak only Spanish or have limited English proficiency, even as HUD pulls back on translation services.

Manufactured housing supply might be due to increase if the Trump administration enacts certain reforms, potentially opening a broadly untapped market for mortgage lenders.