Servicing a mortgage loan is no easy task. And then when a pandemic hits, mortgage servicing is even more crucial and more complex. Because on the end of a mortgage loan is a customer. A customer who may have lost income due to job loss or reduction of hours and who is now afraid of ...

As a first-time homebuyer, you might be confused or even bewildered by the mortgage process and its many moving parts. Here’s what you need to know about what a mortgage is and how it works for all parties – when you peek behind the curtain, you’ll realize it’s just another tool ...

Last month involved several regulatory compliance updates and hot topics in the Mortgage industry. We’ve rounded up some key updates and how they will affect you and your financial institution going forward. Fannie, Freddie Take a Close Look at Mortgage Risks as Climate Events Multiply ...

Last month involved several regulatory compliance updates and hot topics in the Mortgage industry. We’ve rounded up some key updates and how they will affect you and your financial institution going forward. Why Have Banks Stepped Back From Mortgage Servicing? The mortgage industry in ...

According to the U.S. Department of Veterans Affairs, 2 million of the 21.9 million veterans in the U.S. are women. Pair that statistic with recent findings from the National Association of Realtors ranking single women second-highest among homebuyers in the U.S., and there’s a good chance ...

‘Should I rent a space or should I invest in a home?’ It’s a question that every potential property owner asks themselves – and unfortunately, there is no clear-cut answer. Every housing situation is different and the answer will depend on that prospective owner’s income, their professional and ...

Last month involved several regulatory compliance updates and hot topics in the Mortgage industry. We’ve rounded up some key updates and how they will affect you and your financial institution going forward. The OCC Slaps Capital One With $ 80M Fine Over Cybersecurity, Risk Management ...

Historically low rates are motivating homebuyers even though prices were up 8.2% year over year in July, effectively cancelling out the 6.9% increase in purchasing power. A homebuyer with a $ 2,500 monthly housing budget can afford a home priced $ 33,250 higher than a year ago, thanks to ...

Do You Know Your Social Media Risks? As a mortgage lender, to some varying degree, the use of social media is in your toolkit to engage customers, connect with potential new ones through marketing, and others. Whether its sharing mortgage topics or getting your brand out there, risks ...

Key takeaways for the week ending July 5 Home sales were up 2% from pre-pandemic levels and are likely to continue rising; pending sales were up 10% during the same period. Weekly average mortgage rates fell to a new low of 3.03%, fueling homebuyer demand. New listings recovered to pre-pandemic ...