#mortgage-lending

#mortgage-lending

The combination of high mortgage rates and home prices severely affects affordability for homebuyers, necessitating policy advocacy.

Mortgage lending isn't responsible for the rise in property prices; income growth and supply shortages are to blame.

Lending practices are more cautious, focusing on loan-to-income and loan-to-value limits, with household debt repayment levels stable.

Lenders anticipate a significant rise in credit reporting costs driven by FICO's price increase and projected changes from credit bureaus.

Spray foam insulation is causing significant issues for homeowners, including declining mortgage options and potential decreases in property resale values.

FHA reinforces loss-mitigation options for mortgage lenders and borrowers in major disaster areas.

UWM won a legal battle regarding its All-In initiative, which restricts brokers from working with other competitors.

UWM's BrokerX program aims to train new mortgage originators efficiently and enhance wholesale lending growth.

The program offers structured licensing preparation without the need for individual broker training resources.

House price growth in the UK has reached its fastest rate since December 2022, with an annual increase of 2.4%.

Lloyd's offers a new mortgage scheme for first-time buyers, enabling loans up to 5.5 times income.

NewDay USA misled borrowers about cash-out refinance loans, leading to penalties and consumer backlash.

EPO penalties pose significant financial challenges for mortgage lenders, affecting commissions and profits, especially for smaller companies.

Ascent Developer Solutions launched with Elliott Investment Management equity infusion, focusing on customized financing solutions for developers and investors.

The NSMO data provides updated mortgage performance and consumer credit information from 2013 to 2021, highlighting insights into borrower experiences and market perceptions.

Viviana Abarca promoted to managing director at loanDepot.