The Mortgage Industry Ponders: How to Finance ‘Gig Economy’ Borrowers May 31, 2018 Brandon Ivey Seventy-one percent of lenders said borrowers with gig-economy income have applied for a mortgage within the past year...Read More
First-Time Buyer Share of Purchase-Mortgage Market Up in Early 2018 May 31, 2018 John Bancroft First-time buyers continue to fight the challenges of rising house prices, higher interest rates and depleted inventory… Read More
Citizens Bank Agrees to Buy Top-Ranked TPO Lender FAMC for Just 1.1-Times Book May 31, 2018 Paul Muolo Roughly 95 percent of FAMC's production comes from brokers and correspondents, according to Inside Mortgage Finance...Read More
The Beat Goes On: GSE Credit Scores Much Higher Than on Ginnie Product May 30, 2018 John Bancroft During the first quarter, the average credit score at Fannie Mae was 741.15, slightly below the average 744.73 at Freddie Mac.Read More
Another California Mortgage Casualty: First Cal May 30, 2018 Paul Muolo Liquidation counsel Michael St. James did not return a telephone call and email regarding the situation.Read More
Ditech in Danger of Being Delisted from NYSE Due to Accounting Issues, Low Capitalization May 29, 2018 Brandon Ivey The nation’s 12th largest servicer of home mortgages is in danger of getting booted off the NYSE.Read More
$1B a Year Lender First Direct Stops Taking New Applications. More to Come? May 29, 2018 Paul Muolo Is First Direct a harbinger of things to come?Read More
Non-Agency MBS Making Big Strides in 2018 May 29, 2018 John Bancroft And there is significant price tiering in the market…Read More
Real Estate Agents Prefer Nonbanks when Making Referrals for Purchase Mortgages May 25, 2018 The top four lenders receiving the highest rate of “likes” and lowest rate of “dislikes” from real estate agents were all nonbanks: Fairway Independent, Movement Mortgage, Guild Mortgage and Guaranteed Rate.Read More
Home Sales Expected to Increase in 2018 even with Higher Interest Rates and Home Prices May 25, 2018 Brandon Ivey Freddie said the strong labor market and years of pent-up interest are increasing demand for purchase mortgages.Read More