Origination

While U.S. economists debate how a set of troubles playing out overseas will affect the American mortgage market, Kroll Bond Rating Agency predicts that these troubles will probably not bring the refinancing volume some might think.

As the housing market moves closer to “normal,” the mortgage industry has an opportunity to reinvent itself by selling an experience.

The banks' regulator said that complying with TRID, which went into effect on October 3 last year, is still a challenge.

The aftermath of Brexit in the U.S. has been mortgage rates hovering just above their historic low level set nearly four years ago, which prompted the spike in refinance requests.

With mortgage interest rates near historic lows and underwriting standards improving, NeighborWorks America has increased the target dollar amount for mortgage originated by nonprofits in its network.

Single-family house prices in May were up from April and from a year ago, and should steadily rise through next spring, according to CoreLogic.

One week after the controversial Brexit vote, some in the industry can already see how the vote affected rates, which may in turn affect housing demand.

Ethical issues with mortgage applications dropped in May, continuing a years-long downswing, according to the latest First American Loan Application Defect Index.

NAR chief economist Lawrence Yun said the strong demand that has been frustrating buyers and the spring’s swift sales “took a dent out of what was available for sale in May and ultimately dragged down contract activity.”

With the rise of homeownership comes the desire of originators to improve the customer experience. Banks are constantly looking to improve the speed, efficiency, security and simplicity of their processes. This select print feature originally appeared in the June 2016 issue of MReport magazine.