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Most lenders rely on alternative credit score data to assess risk


As mortgage lenders continue seeking ways get more trustworthy consumers into the housing market, a majority of them are utilizing alternative credit as a means of assessing borrower risk.

It's the law: Trump signs off on reg relief bill


WASHINGTON — The most significant regulatory relief legislation since the crisis made it to the finish line Thursday as President Trump signed targeted reforms of the Dodd-Frank Act into law.

Mortgage Applications Slip Again


Mortgage applications declined 2.6 percent from a week earlier on a seasonally adjusted basis according to data from the MBA Weekly Mortgage Applications Survey released on Wednesday. On an unadjusted basis, total loan application volumes decreased by 3 percent from a week earlier, the data indicated.

As mortgage rates rise, purchase loans hit highest level since 2014


As mortgage rates continued rising, the percentage of closed home purchase loans grew to its highest level in about four years, according to Ellie Mae's Origination Insight Report.

Fannie Mae Cautious But Optimistic in New Outlook Report


Amid talk of trade wars, escalating home prices, and rising interest rates, Fannie Mae is remaining optimistic about overall economic growth. In Fannie's April 2018 Economic and Housing Outlook report, the GSE projects higher numbers across the board in housing prices, starts, and originations in all four quarters of 2019, compared to those in 2018.

Homebuyer Optimism Surges


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?


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


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?


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


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.


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