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Reevaluating your origination tools? Here’s where to start

Housing Wire

With the recent downturn in volume of new originations, many lenders are using this time to take inventory of the available tools geared toward risk mitigation and workflow optimization. This does not even include the exacting requirements of regulators and investors. The post Reevaluating your origination tools?

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Investors from 3 Asian nations have heartiest appetite for U.S. MBS

Housing Wire

The Federal Reserve ’s (Fed) efforts to beat back inflation with its monetary tools have already shifted the winds in the secondary market for mortgage-backed securities (MBS). trillion MBS portfolio helps fuel widening interest-rate spreads in the MBS market by creating additional MBS supply to be absorbed by investors.

Investors 476
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Mortgage rates fall to levels not seen since September

Housing Wire

The current trajectory of rates is an encouraging development for potential homebuyers, with purchase application activity recently rising to the same level as mid-September when rates were similar to today’s levels,” Sam Khater, Freddie Mac’s chief economist, said in a statement. “The The CME FedWatch Tool showed a 95.6% on Thursday.

Mortgage 511
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Mortgage reserves can help Black borrowers sustain homeownership: report

Housing Wire

The continuous development of loss mitigation tools and practices in the mortgage industry will play an essential part in preventing future foreclosures, but additional safety nets — particularly for those mortgage customers who belong to historically disadvantaged populations — will play a critical role in thinning the racial wealth gap.

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Class Valuation’s CIO on solving the appraisal conundrum

Housing Wire

Another example is the LIDAR that’s now available on iPhones, which adds a whole other dynamic to developing point cloud technology to gather measurements and spatial information about anything that you’re scanning. Now, we’re giving a fully transparent data package to the appraiser that they have to use to develop their opinions.

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US Mortgage Corporation committed to reverse channel, new HECM head says

Housing Wire

Investor interest, product offerings When asked about investor interest, Krajewski said that partners are eager about the prospect of more companies entering the reverse mortgage business — especially firms that are well known to them. However, I really do look at this as a financial planning tool.”

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What’s holding the industry back from broad-scale digital closing adoption?

Housing Wire

With eMortgages, when the most critical component of the loan file – the note – is digitized, it allows lenders to expedite the delivery of loan collateral to their investors or warehouse lenders. “They impact the delivery processes to warehouse lenders and investors.

Investors 441