Can/Should Mortgage Originations & Servicing Merge Into One?
Can/Should Mortgage Originations & Servicing Merge Into One?
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If mortgage servicing relies on the tech sector to work together with regulators we can ensure a more stable future for the mortgage ecosystem and yield better results for us all.
The post Opinion: Can tech de-risk the mortgage servicing space? appeared first on HousingWire.
If mortgage servicing relies on the tech sector to work together with regulators we can ensure a more stable future for the mortgage ecosystem and yield better results for us all.
The post Opinion: Can tech de-risk the mortgage servicing space? appeared first on HousingWire.
Mortgage debt is rising despite the fact that mortgage originations for refinances and purchases are trending downward. The Federal Reserve Bank of New York's quarterly household debt report shows an increase in household debt of $266 billion (1.7%) to $15.84 trillion for the first quarter of 2022. But new loan originations – both for home purchases and refinancing of existing mortgages – fell to $859 billion, the lowest since the second quarter of 2020.
Mortgage debt is rising despite the fact that mortgage originations for refinances and purchases are trending downward. The Federal Reserve Bank of New York's quarterly household debt report shows an increase in household debt of $266 billion (1.7%) to $15.84 trillion for the first quarter of 2022. But new loan originations – both for home purchases and refinancing of existing mortgages – fell to $859 billion, the lowest since the second quarter of 2020.
The Community Home Lenders Association (CHLA) and the Community Mortgage Lenders of America, two Washington, D.C. lobby groups representing smaller mortgage lenders, will join forces.
The post Smaller mortgage lender lobby groups to merge appeared first on HousingWire.
The Community Home Lenders Association (CHLA) and the Community Mortgage Lenders of America, two Washington, D.C. lobby groups representing smaller mortgage lenders, will join forces.
The post Smaller mortgage lender lobby groups to merge appeared first on HousingWire.
A pair of bank holding companies with significant mortgage operations bucked second quarter industry trends by reporting increased volume from the first three months of the year.But gain on sale at both fell by more than one percentage point on a year-over-year basis.Second quarter originations at Wells Fargo, JPMorgan Chase, U.S. Bank and PNC were down an average of 11% on a quarter-to-quarter basis, worse than the 2% to 8% economists had forecast for the mortgage industry, a Keefe, Bruyette &...
A pair of bank holding companies with significant mortgage operations bucked second quarter industry trends by reporting increased volume from the first three months of the year.But gain on sale at both fell by more than one percentage point on a year-over-year basis.Second quarter originations at Wells Fargo, JPMorgan Chase, U.S. Bank and PNC were down an average of 11% on a quarter-to-quarter basis, worse than the 2% to 8% economists had forecast for the mortgage industry, a Keefe, Bruyette &...
Concerned with the servicing of your reverse mortgage loan? In this article we explain exactly how servicing works throuought the industry.
The post Reverse Mortgage Servicing, Setting the Record Straight. appeared first on All Reverse Mortgage.
Concerned with the servicing of your reverse mortgage loan? In this article we explain exactly how servicing works throuought the industry.
The post Reverse Mortgage Servicing, Setting the Record Straight. appeared first on All Reverse Mortgage.
Two years after acquiring RoundPoint Mortgage Servicing, Freedom Mortgage Corp. has inked a deal to sell the nonbank mortgage servicer to Matrix Financial Services Corp.
The post Freedom Mortgage agrees to sell RoundPoint Mortgage Servicing appeared first on HousingWire.
Two years after acquiring RoundPoint Mortgage Servicing, Freedom Mortgage Corp. has inked a deal to sell the nonbank mortgage servicer to Matrix Financial Services Corp.
The post Freedom Mortgage agrees to sell RoundPoint Mortgage Servicing appeared first on HousingWire.
Doorway Homes and Priority Mortgage are the latest mortgage lenders to announce a pllaned merger amid a challenging mortgage market.
The post Doorway Home Loans to merge with Priority Mortgage appeared first on HousingWire.
Doorway Homes and Priority Mortgage are the latest mortgage lenders to announce a pllaned merger amid a challenging mortgage market.
The post Doorway Home Loans to merge with Priority Mortgage appeared first on HousingWire.
The year-to-date drop-off in mortgage originations exceeded Fitch Ratings expectations, indicating a larger decline is likely than either the Mortgage Bankers Association or Fannie Mae predicted.When combined with lagging reduction in capacity, it will create pressure on earnings at the nonbank lenders Fitch covers. Other factors include: continued monetary policy tightening; the Federal Reserve’s tapering of mortgage-backed security purchases; housing inventory deficits; and sustained double...
The year-to-date drop-off in mortgage originations exceeded Fitch Ratings expectations, indicating a larger decline is likely than either the Mortgage Bankers Association or Fannie Mae predicted.When combined with lagging reduction in capacity, it will create pressure on earnings at the nonbank lenders Fitch covers. Other factors include: continued monetary policy tightening; the Federal Reserve’s tapering of mortgage-backed security purchases; housing inventory deficits; and sustained double...
About Commercial Mortgage Now that the businesses are reopening, many business owners are looking for the right mortgage. Whether you have an office, restaurant, retail store, or other business, you may require a mortgage to...
About Commercial Mortgage Now that the businesses are reopening, many business owners are looking for the right mortgage. Whether you have an office, restaurant, retail store, or other business, you may require a mortgage to...