2022 Top Mortgage Lenders
New contenders and broken records signify banner year
Set to Surge
Expect a home equity lending boom as interest rates rise while home prices grow
Parvesh Sahi, ICE Mortgage Technology
The race is on to replace lost loan volume
Tim Potempa, OneTrust Home Loans
No. 2 Top Purchase Volume, No. 8 Top Dollar Volume
Refi decline sets the tone for origination business
In fourth-quarter 2021, 3.27 million mortgages secured by residential property (one- to four-unit homes) were originated in the U.S., an 11% decline from the previous quarter and a 13% decrease compared to fourth-quarter 2020. This marked the third straight quarter of declining originations, while the year-over-year decrease was the largest since late 2018, according to […]
New rental-payment history initiatives show promising results
If someone can pay their rent month after month, why can’t they make a mortgage payment? For years, most renters didn’t get credit for timely rental payments. Last year, however, two of the government-sponsored enterprises (GSEs) did something about it. Fannie Mae launched a program in September 2021 to identify recurring rent payments in a […]
Buyers of distressed homes are bullish despite troubling signs
As dark clouds gather on the horizon of the housing market, foreclosure-auction buyers remain bullish. Sixty-one percent of foreclosed properties on the Auction.com platform in first-quarter 2022 were sold to third-party buyers, up from 56% in the previous quarter and up from 59% in first-quarter 2021. The 61% sales rate was the second-highest quarterly sales […]
Boost Borrower Scores and Your Business
Homebuyers and originators alike benefit from rental-payment reporting
Cut Through a Tangled Web of Fees
The mortgage industry should be more transparent about lending costs
Building New May Be the Answer to the Bidding Wars
One-time-close construction loans are an option for frustrated would-be homebuyers