Tag Archives: Consumers

Nonbanks originated about half of all mortgages in 2016 and 75 percent of mortgages insured by the FHA or VA. However, a recent study by the Brookings Institution ...

On Wednesday, the mortgage industry’s main oversight group asked for comments on amending rules created by Dodd-Frank Act.

Digital identity is an electronically verified set of attributes that uniquely describe a person and can be beneficial in providing simplified application processes, swift transaction approvals, lower costs, ...

Security concerns are the key barrier for consumers from being more open to adopting digital identity for home buying and renting or for mortgage applications, according to the ...

Editor's note: This story was originally featured in the February issue of MReport, out now. The mortgage industry has always touted the long-term financial benefits of homeownership for ...

Housing sentiment decreased slightly at the end of 2017 reflecting consumer caution on the back of tax reforms discussions in December according to Fannie Mae.

Higher interest rates and larger fees drove added costs for borrowers with low credit scores according to a report.

According to a new study from the CFPB, consumers in lower-income parts of the country are more likely to establish credit history through negative means, like debt collection or public records. About 27 percent of low-income area consumers establish their history through what are called “non-loans,” while just 7.9 percent of consumers in high-income areas establish credit via non-loans. The study found that consumers in higher-income areas more commonly establish credit with a credit card or through co-borrowing.

Avoid the hard sell when a customer is choosing a mortgage product and focus on assisting the customer in making the best decision to gain customer loyalty.

Many Americans are still struggling with mortgage debt, which is the third most-popular form of debt in the nation. Much of this debt stems from borrowing at the wrong time and for the wrong purpose, preventing consumers from achieving financial stability.