Non-English-speaking borrowers remain an underserved market and potential revenue source, but lenders seeking to serve that market need to first consider several things. https://t.co/TSKahp4Yul
12:06 PM - 22 Nov 22
Most Recent Tweets
The @MBAMortgage reports a continued rise in borrower demand, as mortgage application volume rose for the third consecutive week, led by gains in both purchase and refi activity. https://t.co/6WUYtclJ
Existing-home sales dropped 1.5% in December, as the U.S. housing market continues to moderate. Sales across the country have fallen 11 straight months, with most regions recording declines and only t
A new study by Reggora has found that over the last 12 months, the time to process an appraisal has dropped steadily as volume has become more manageable per appraiser. https://t.co/xUaddsjbV7
Through a new agreement, the Justice Department’s Combating Redlining Initiative has secured more than $75 million dollars in relief for communities that have suffered from lending discrimination. htt
Jerel Cain, CEO of TalentWoo, discusses how current market fluctuations are impacting recruiting strategies in lenders’ ongoing quest to secure the right talent. https://t.co/0dfV213CyH
As the fixed-rate mortgage fell to a near-five-month low, prospective buyers and those seeking refis brought life into the marketplace, boosting mortgage apps 27.9% over last week’s totals. https://t.
Some of the pain the mortgage industry is experiencing is self-inflicted and can be corrected, as Louis Zitting of MonitorBase explains there is still time to pivot, salvage what’s left, and develop a
Fannie Mae’s Jake Williamson and Appraisal Institute President Craig Steinley share their perspective with MReport about how the industry is working to improve the appraisal process in 2023. https://
The 2023 mortgage market began on a positive note, as @FreddieMac reported a week-over-week slide in mortgage rates leading to an uptick in refinance apps. https://t.co/6CK1v715Hp
The @MBAMortgage reports that despite rates still in the 6% range, refinance apps increased 5% over the previous week, but are still 86% lower year-over-year. https://t.co/r2KhtBYDgH
Non-QM specialist @deephavenmtg adds 15-plus year industry veteran Tyler Bohn who will be responsible for assisting Mortgage Brokers and Correspondent Lenders scale their non-QM business operations.
Nationwide legal services provider McCalla Raymer Leibert Pierce, LLC names Michael Gonzales a Member and Owner at the firm, and promotes A. Drew Powers to the role of Managing Partner of the firm’s N
Elevated mortgage rates continue to strain affordability concerns, while keeping prospective buyers out of the market, as the @MBAMortgage reported application volume slid to close out 2022. https://
First American reports that between September 2022 and October 2022, rose nearly 9% month-over-month, with the rapid annual decline in affordability driven by a 12% annual increase in nominal house pr
Marking a shift from 2021's leaders from the West Coast, a new @zillow study of the nation’s most searched markets found the town of Prairie Village at the top of its popularity rankings with site-lea
Under HR 7735, servicemembers, veterans, and their families will have increased access to more affordable, sustainable homeownership opportunities through the Department of Veterans Affairs. https://t
Not everyone who wants to build a home or invest in residential real estate can get the financing they need, as Michael Isaacs of GO Mortgage explains the opportunity that lies within these scenarios.
In the @CFPB's Semi-Annual Report, Director Rohit Chopra detailed the work the CFPB has done, including securing $275 million in total consumer redress and $270 million in civil money penalties. https
A panel of experts assembled by MReport provides their expert insights and perspectives into what 2023 may bring to the housing market, and whether or not a market correction is on the horizon. https:
New repayment plan issued by the FHA will allow servicers to offer homeowners impacted by COVID-19 up to five years to repay past-due property charges. https://t.co/vJlyZuGcP5