#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.

Premier Plus Lending is launching a new division focused on reverse mortgages and home equity solutions for seniors.

Veterans are often exploited by lenders through inflated fees and high interest rates, but alternatives like UMortgage are committed to better practices.

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.

Planet Home Lending is acquiring Axia Home Loans' retail division assets.

Maxwell's POS feature, Blueprint Builder, offers tailored workflows and over 60 third-party integrations for mortgage lending teams.

Lenders can customize workflows and business rules for various mortgage products and channels using Maxwell's Blueprint Builder.

Mortgage lending in the U.S. dropped by 6.7% in the first quarter of 2024, with tight inventory and high mortgage rates being main culprits.

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.