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.

Despite inventory challenges, officials at Flagstar are hopeful that an expected rate cut will help boost mortgage originations.

Borrowers who obtained mortgages in recent years are prime targets for refis as interest rates decline.

In some parts of the country, the giant home builder shelled out incentives of as much as $81,700 per home delivered, most of that in the form of interest rate buydowns.

The bank experienced an uptick in mortgage-related complaints following the scandal, even though mortgage products weren’t part of the issue, according to a new research paper.