National Mortgage News- New FICO score may reduce mortgage defaults, but will the GSEs use it? January 23, 2020FICO plans to release a new suite of scores that could reduce defaults on newly originated mortgages by 17%, but home lenders may not use it unless the government-sponsored enterprises do.
- 5 questions for Altisource's John Vella January 23, 2020Non-QM lending is expected to grow again in 2020, but it has some obstacles to navigate. Altisource CRO John Vella shares his insight into the sector and other hot topics.
- Survey shows TRID compliance is curtailing lending at credit unions January 23, 2020Data from the Credit Union National Association indicates the rule has decreased lending and increased costs as institutions work to stay compliant.
- Sustained lower mortgage rates could hold back potential home sales January 23, 2020December's potential for existing-home sales grew by 1.7% compared with November because of low mortgage rates, but in the future that factor could constrain the housing market, First American Financial said.
- New FICO score may reduce mortgage defaults, but will the GSEs use it? January 23, 2020
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- Mortgage Daily
- Continued Deterioration in Origination Quality October 26, 2018As home lenders and investors have recently been a little more relaxed about credit qualifications compared to just after the crisis, mortgage quality has weakened. Still, quality is better than before the crisis.During the past three years, the quality of residential loans originated has weakened, though credit quality remains far stronger than the early 20 […]
- Best Mortgage Lenders By Category October 26, 2018A report based on a recent survey of consumers who were shopping for a residential loan has identified the best home lenders in a variety of categories -- including government programs, jumbo loans and online services.The 10-question survey of prospective mortgage borrowers found that before they applied for a home loan, 40 percent checked their credit repor […]
- Business Falls to 6-Month Low at Freddie October 26, 2018New business at the Federal Home Loan Mortgage Corp. retreated to its lowest level in six months. Delinquency, meanwhile, remained at its lowest level in a decade.When September was over, Freddie Mac's total mortgage portfolio stood at $2.1513 trillion -- including a $0.2278 trillion in mortgage investments and $1.9235 trillion in outstanding mortgage-r […]
- Continued Deterioration in Origination Quality October 26, 2018
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