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Homebuyer Optimism Surges

04.10.2018

A growing optimism among homebuyers especially on home prices remaining stable has spurred the numbers on Fannie Mae’s Home Purchase Sentiment Index (HPSI) to rise 2.5 points in March to 88.3. Compared to the same period a year ago, the index increased 3.8 points.

Will dropping tax lien data from credit reporting lead to bad loans?

04.03.2018

In just over two weeks, the three major credit bureaus will make a significant change, deleting the last remaining scraps of tax lien data that exists in consumer reports, an estimated 5.5 million records.

Two-Thirds of Median-Priced Homes Unaffordable to Average Wage Earners

03.30.2018

The first quarter median home prices across more than two-thirds of the nation’s housing markets were not affordable for average wage earners, according to new study from ATTOM Data Solutions.

What Do Borrowers Desire in the Mortgage Process?

03.27.2018

Ellie Mae, a cloud-based platform provider for the mortgage finance industry, released its second annual Borrower Insights Survey at the Ellie Mae Experience conference on Tuesday. This survey explores the preferences of over 3,000 U.S. homeowners and renters, indicating results that give insights on issues such as what is keeping renters out of the homeowner market and misconceptions around downpayment and FICO score requirements, as well as indicating borrower desire for security and ease of the mortgage process.

As lenders embrace digital mortgages, they can't forget human touch

03.21.2018

While the industry continues adopting digital mortgage methods, homebuyers expect to be able to apply for a mortgage and complete the application online, but still want human interaction, according to Ellie Mae's 2018 Borrower Insights Survey.

Senate reg relief bill opens new front in credit-scoring battle

03.14.2018

Among the several provisions in the regulatory relief bill, nearing passage in the Senate, is a new measure dealing with credit scores that some observers and stakeholders say is redundant.

Borrowers Get Comfortable with Digital Lending

03.07.2018

What does the Borrower want? To help lenders answer this all-important question, fintech company Fiserv conducted a study to gauge the expectations and experiences of borrowers while looking for a loan or managing their wealth.

How Could Mortgage Rate Upswings Impact Housing?

02.28.2018

Freddie Mac has released its February Insight report, which “looks into the effects of higher mortgage rates on home buyers, homeowners wishing to refinance, mortgage lenders, home builders and real estate agents.” For this latest Insight report, Freddie Mac economists have looked at how rising mortgage interest rates could impact the housing market, as well as what ripples past increases have caused.

Will Rising Mortgage Rates Ruin the Homebuying Season?

02.28.2018

Mortgage rates continued their upward climb this week, with 30 year fixed mortgages reaching their highest point since 2014 according to the Freddie Mac Primary Mortgage Market survey released on Thursday. The survey indicated that 30-year fixed mortgage averaged 4.40 during the week, up from 4.38 percent last week.

FHFA extends comment period on credit scoring changes

02.07.2018

The Federal Housing Finance Agency said Friday it will give commenters more time to weigh in on a potential update to the credit scoring requirements for Fannie Mae and Freddie Mac.

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