The homeownership rate hit a six-year high at the end of last year, with low interest rates helping homebuyers even as prices increased at a steady pace. Low inventory of homes for sale could lead to affordability issues this year.
A new survey finds millennials’ path to homeownership strewn with such obstacles as debt, little to no savings and unaffordable home prices. But this age cohort is willing to do anything to own a home.
Despite talk that lenders would reduce loan originator compensation in 2019, comp increased on an annual basis. Lenders could reduce LO comp this year with refi business expected to decline.
Lenders can take a number of steps to help ensure that borrowers are satisfied with the origination process, making them more likely to recommend the lender to friends and family.
The intensity of information technology adoption at banks played a role in loan performance during the financial crisis, according to a working paper by the International Monetary Fund.
Velocity Financial went public on Friday, a somewhat rare event for a nonbank lender and an even rarer happening for a nonprime shop. That said, are more deals on the way?
A new reading on mortgage employment from the federal government was barely positive but interviews conducted by Inside Mortgage Trends suggests that plenty of lenders need workers.
Lower interest rates on mortgages are linked to an increase in birth rates, according to economists at the Federal Reserve and the Bank of England. Hard to believe? Read our story.
Application programming interfaces have the potential to create efficiencies in the mortgage industry, though standardization is key, according to leaders spearheading an effort at MISMO.
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