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Home » Topics » Inside Mortgage Trends » Purchase Lending

Purchase Lending
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Mortgage Hiring: Demand for Operations Workers White Hot

August 14, 2020
Paul Muolo
Mortgage originations continue to boom as lenders move to hire as many full-timers as humanly possible. One concern: A lack of operations workers.
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MBA Seeks CSBS Partnership to Extend Remote Work

July 31, 2020
Yemeng Yang
Given the recent surge in new COVID-19 infections, now may be a good time to reassess location-based licensing requirements as well as state oversight, the trade group believes.
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Trade Groups Draft Model Executive Order for eNotarization

July 17, 2020
Brandon Ivey
Several states had online notarization policies for mortgage closings before the pandemic, but more than half of the states have issued orders in recent months — some of them hastily written.
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Trends Grapevine: Banks and Mortgages; the AIME Mess

July 17, 2020
Paul Muolo
High hopes for nonbank origination results; a trade group chief steps down for personal remarks he made online.
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Pandemic-Induced Business Practices Are Here to Stay

July 2, 2020
Brandon Ivey
While some of the adjustments were initially thought to be temporary, lenders are preparing to make some permanent changes.
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Redlining Legacy Still Contributes to Inequality

June 19, 2020
Yemeng Yang
Redlining practices of several decades ago continue to have an adverse impact on black families’ homeownership rates and home equity, according to a recent study by Redfin.
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Servicers’ Call Volumes, Abandonment Rates Drop

June 19, 2020
Maria Volkova
Servicers have amped up their hiring and embraced virtual assistance, lowering average hold time to 1.8 minutes.
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Trends Grapevine: The IPO Roulette Wheel / An Open Window

June 19, 2020
Paul Muolo
Nonbank mortgage giant Quicken is contemplating an IPO. Okay, but who else? How about: Caliber and loanDepot.
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Borrowers Satisfied with Online Closings

June 5, 2020
Brandon Ivey
Though initially wary of the online closing process, borrowers’ satisfaction with their lenders appears to have increased during the pandemic.
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Mixed Response to Deferral of Appraisals for Banks

June 5, 2020
Brandon Ivey
Bank trade groups support an interim final rule that allows depositories to defer appraisals for up to 120 days in certain circumstances. Appraisers, on the other hand, have raised concerns.
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