Most mortgage lenders earned money on their loan production and servicing operations in the second quarter of 2018, but income was generally down from previous periods. [Includes one data chart.]
So much has changed in today’s digital environment that consumer expectations have shifted, creating a new generation of digital mortgages. Mortgage lenders need to explore new opportunities that come with increased digitization to provide added value to their borrowers, according to a new report by PricewaterhouseCoopers.
Secondary market trading for home-equity loans has increased across most market segments, thanks to greater available supply driven by higher prices, according to a new report from MountainView Financial Solutions, a Denver-based provider of financial services analytics and advisory services.
The foreclosure rate returned to pre-crisis levels this year, though industry analysts note that foreclosure rates remain somewhat elevated in states with a judicial foreclosure process.
California, the largest mortgage market in the U.S., appears to provide more than enough business for loan officers, according to a new Inside Mortgage Trends analysis that compares the number of registered and licensed LOs in each state to the volume of home loans and mortgage applications. [Includes one data chart.]
Zillow Group earlier this month agreed to acquire Mortgage Lenders of America, a national residential originator based in Overland Park, KS. Shortly after the announcement was made, Zillow’s share price crumbled, suggesting that investors aren’t bullish on the mortgage business these days.
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