The Tax Cuts and Jobs Act has made significant changes to the longstanding tax benefits of homeowners with the cap on borrowing being reduced from $1 million to ...
Read More »Credit Scores for Mortgage Borrowers Decline
Mortgage balances, which form the largest component of household debt rose substantially, even as median credit scores of newly originating borrowers declined during the last quarter of 2017 ...
Read More »Harnessing the Power of Blockchain for the Mortgage Industry
Blockchain is creating a lot of buzz—and a lot of confusion. Primarily, this technology offers the capacity to record and monitor transactions in what is called a distributed ...
Read More »Servicing the Underserved
MReport spoke to Ray Brousseau, President, Carrington Mortgage Services, LLC, and Andrew Taffet, Chief Investment Officer and Head of Asset Management, The Carrington Companies on what drives their ...
Read More »The Week Ahead: Focus on Construction Jobs
The Bureau of Labor Statistics will release its monthly employment data for February 2018 on Friday, March 9 at 8:30 a.m. EST. The report looks at nonfarm payroll ...
Read More »Mortgage Loan Originations Become Less Profitable
Mortgage origination profitability fell to its lowest in January 2018 as mortgage volumes responded to the rising interest rates during the month according to data in the February ...
Read More »30-Year Fixed Mortgage Rates Rise for Eighth Consecutive Week
The 30-year fixed mortgage rate increased again this week, marking the eighth consecutive week that these rates have seen a rise according to the latest Primary Mortgage Market ...
Read More »Defect Frequency in Mortgage Apps on the Rise
The frequency of defect, fraud, and misrepresentation in information submitted during the mortgage application process has increased over the past year according to the First American Loan Application Defect ...
Read More »MReport March: Focus on Top 3 Compliance Issues
What are the top three compliance issues facing the industry? How will blockchain technology affect the title insurance industry? The March issue of MReport analyzes the regulations impacting ...
Read More »BofA Asks Higher Court to Intercede in Countrywide Suit
It all began in early February when a California District Court judge hearing a case against Countrywide Financial Corp. (which was taken over by Bank of America in ...
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