Origination

The heavily-regulated mortgage environment has caused technology innovation to become a new focal point of many businesses within this space. John Guzzo, Managing Director in the Financial Technology Group at Berkery Noyes sat down with MReport to share his insight on how technology is changing the mortgage industry.

The formation of new households in the U.S. were disappointing to say the least for the final quarter of 2015, but Capital Economics says that this news is no reason to panic.

An uptick in housing demand is being met with mortgage originations for borrowers with less than perfect credit scores, but not without caution. Read on to see what impact Equifax is seeing subprime borrowers have on the mortgage market

Before the housing crisis, borrowers could get a mortgage loan with little to no problems. Mortgage credit began to tighten when the crisis hit and has remained that way since.

The days of traditional mortgage lending may be close to being over as tech-savvy millennials and new regulatory changes such as the TILA-RESPA Integrated Disclosures rule add pressure to originators to step up their mortgage delivery game.

The homeownership rate increased marginally over the last two quarters, but was fairly unchanged year-over-year. This has left many in the industry questioning if homeownership has plateaued.

Mortgage loan defects, which can lead to fraudulence and misrepresentation in loan applications, are disappearing in the industry at a rapid pace and are expected to become less prevalent in the future as the housing market normalizes.

There was no seasonal, holiday slowdown for new home sales, as buyers showed their increasing demand for housing by purchasing more homes since the end of the financial crisis.

Northwest Federal Credit Union President and CEO Chris McDonald discuss some of the hot-button issues affecting credit union in today's mortgage industry. Editors Note: If you want to read more about what today’s top credit union executives have to say about their businesses, be sure to catch the February 2016 print edition of MReport, where hot topics affecting credit unions will be explored in-depth.

Although interest rates have been at historical lows, they are significantly up from 2012 lows. Not only has this caused many eligible refinancers to shy away from the market, but originators' profits are also suffering.