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Origination

An Uptick in Purchase Loans

Underwriting

Despite a tough home buying market and rising rates, April saw an increase of purchase loans that were closed according to a report. What are the factors likely to impact these numbers going into summer?

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Mortgage Costs vs. Credit Scores

credit scoring

Borrowers with lower credit scores paid much more in additional costs to get a mortgage according to a report. Here’s how credit profiles affected loan prospects for borrowers.

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Reverse Mortgage Market Takes a Fall

After a rough March for home equity conversion mortgage originations, April’s numbers became even more dire, according to the latest statistics from Reverse Market Insight. Just how bad ...

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Capital One Sells $17 Billion of Mortgages

In keeping with its intention to move out of the residential mortgage lending space, Capital One recently sold its first and second lien mortgages to a Credit Suisse subsidiary. Here’s how the funds from this transaction are likely to be used.

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