HUD housing counseling services help streamline the application process for borrowers, saving originators time and money, panelists said last week at MISMO’s spring summit in Boston.
Zillow’s “enhanced markets” strategy pairs high-performing real estate agents with loan originators from Zillow’s mortgage unit. The effort helped Zillow double its originations on an annual basis in 2024.
In states with data privacy laws, the mortgage-denial gap between minority and non-minority mortgage borrowers is 3% lower than in states without the privacy laws, according to researchers.
A ruling by a district court on a cybersecurity incident at Lakeview Loan Servicing could create challenges for other financial entities under the work-product doctrine.
Income from production and servicing fell in the first quarter, but not by as much as origination volume. The MBA reported fewer firms were profitable than in the previous period. (Includes data tables.)