Origination

There are new segments of the population emerging that include millennials, minorities, immigrants, and rural dwellers, and the typical FICO score evaluation just won't cut it for lenders.

Lenders One Interim CEO Dan Goldman sat down with MReport to explain why lenders are so optimistic in the housing market today and what they can do to reach untapped borrowers and grow their origination business.

Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. Paul Anastos, President of Mortgage Master, explains the evolution that the housing market has gone through over the last few decades and how lending has changed for the better.

Stock market and Treasury yield volatility continued last week and so did the downward trend of mortgage rates, which opened up more opportunities for refinancing, but mortgage applicants did not take advantage of theses savings.

Genworth Mortgage Insurance, a subsidiary of Genworth Financial, Inc., recently announced that it has standardized and simplified its Borrower Paid Mortgage Insurance (BPMI) premium structure.

For years, interest rates have been settled at historic lows, which have opened up opportunities for homeowners to refinance their home. The problem is homeowners are not taking advantage of these untouched savings.

New debt created by first-time homebuyers transitioning into homeownership and existing homeowners that are upgrading to larger homes growing a rapid pace, meanwhile, home equity loan balances have cooled off thanks to borrowers paying off debts.

Future U.S. households will be more diverse, with Hispanics, Asians, African-Americans, and other minorities set to bolster up homeownership numbers in the coming decades.

As home prices increase at a much slower pace than they have been over the last few years, potential homebuyers may have found their opportunity to enter the housing market as homes become more affordable.

Mortgage interest rates have continued to decline to historical lows and have not motivated buyers to apply for a mortgage loan, but for the first time in two months, mortgage interest rates have moved up. Will this drive potential homebuyers further away from the housing market?