CoreLogic and Equifax launched new income verification tools ahead of an anticipated increase in purchase originations.

Lenders should carefully consider geographic-specific data when crafting special purpose credit programs, according to an Urban Institute report on designing SPCPs.

FHFA economists estimate that the average required monthly payment for a new mortgage rose 57% between 2022 and the end of 2023.

Loan performance deteriorated across most late-payment categories in the agency mortgage-backed securities market in the second quarter. However, delinquency rates remained lower than six months ago. (Includes data table.)

A lack of financial sophistication leads borrowers to overpay for a mortgage, according to new research. Analysts at the Urban Institute suggest that federal agencies could help address the issue.

Mortgage lenders must monitor the insurance landscape and inform their loan officers on the topic given that insurance costs help determine a borrower’s monthly escrow obligations.

The lender’s new Loan Lift program tracks data such as rent payments and peer-to-peer payment app transactions for mortgage underwriting.

New research shows that, contrary to some critics, debt-to-income ratios are an effective predictor of a borrower’s ability to repay.

The evolving technology, while helpful, presents many risks and benefits, according to Bob Broeksmit, CEO and president of the MBA.

NYCB scales back with sale of Flagstar’s mortgage operations; Cornerstone Bank makes leadership hires; MISMO working group on AVMs; AI updates.