While the share of mortgage files with errors that pose wire and title fraud risks is lower compared with prior quarters, the mortgage industry is still creating the same vulnerabilities, the latest FundingShield Fraud Analytics Report found. Processing Content Total issues found during the first quarter were down to 43.7% for the three-month period, the […]
Mortgage fraud vulnerabilities dip to 43.7% in Q1 Read More »
A specific area where the outside the box possibilities of nonconforming mortgages can help the market is in a profession aimed offering like for those who work in the medical field. Processing Content Kroll Bond Rating Agency recently came out with a report, “What’s up Doc — Medical Professional Mortgages, a New Niche in RMBS?”
Non-banks see opportunity in physician mortgage niche Read More »
Lenders are rethinking how they originate jumbo mortgages, leaning on automated underwriting technology to manage complicated details while navigating stricter investor overlays and a market that rewards those who can make the economics work. Processing Content The strategies vary, but the underlying issue is always the same: jumbo loans demand more from everyone in the
Jumbo lending playbook: automation, overlays and ROI Read More »
Mortgage credit availability reached a three-year high in time for the spring housing market, including a rebound in government-sponsored loan products. Processing Content The Mortgage Bankers Association Thursday also reported modest monthly gains in conforming and jumbo credit in its Mortgage Credit Availability Index for March. The index’s overall 108.3 reading represented a 1.1% gain
Mortgage credit hits three-year high entering spring market Read More »
A bill proposing a new way of determining what qualifies as a conforming loan would expand the jumbo market and invite more private capital into mortgage lending — but critics warn it could also push more borrowers into higher-rate loans and worsen an already severe affordability crunch. Processing Content Rising home prices have swelled the
Should conforming loan limit math change? Read More »
Endorsements of Home Equity Conversion Mortgages surged noticeably last month from a short February, but volumes are still showing weakness compared to second-half 2025 levels. Processing Content HECM endorsements increased 16.3% month over month in March to 2,117 loans, according to the latest data from Reverse Market Insight. While welcome news for lenders of the
March HECM bump masks a deeper slowdown Read More »
Opendoor Technologies is acquiring assets belonging to title fintech Doma in a deal that arrives just weeks after the real estate company re-entered mortgage lending. Processing Content The agreement adds Doma’s title automation search capabilities to Opendoor’s closing and escrow platform. Opendoor, known for its home-flipping model that quickly delivers cash to sellers, pointed to
Opendoor adds Doma title tech assets in new acquisition Read More »
While the mortgage industry is watching how the situation between UWM Holdings and an unnamed buyer for Two Harbors will work out, another large lender is diving headlong into a merger. Processing Content CrossCountry Mortgage, the Cleveland-based lender that says it’s been No. 1 in retail three years running, has agreed to buy another privately
CrossCountry adding top 35 lender Summit Funding Read More »
While President Trump’s executive order promoting increased access to mortgage credit makes prominent mention of digital loans and remote online notarization, the practical effect might be limited. Processing Content RON is already allowed in 48 states and the District of Columbia; though some of those still only have temporary authorization in place. However, even with
Trump push on RON faces real-world limits Read More »
Even with the surprisingly strong fourth quarter for origination volume, net production profits at nonbank lenders were down about 44% from the period ended Sept. 30, 2025, the Mortgage Bankers Association found. Processing Content Still, the industry has been profitable three quarters in a row. It follows a run where IMBs averaged losses 10 out
IMB profits drop sharply even as volume surges in Q4 Read More »