Lending and Originations

Overall rate lock volumes rose 14% in May from the prior month, but that number is still down 38% year-over-year and 29% compared to pre-pandemic numbers.

Mortgage lenders are moving quickly to adopt digital closings, but Aaron Davis of AMD Enterprises and Florida Agency Network explains the challenge of determining an optimal partner.

Rather than viewing the reverse mortgage lending business as a completely new line of business, lenders today are looking at reverse mortgages as another loan product to add to their menu of offerings.

The Senate Banking Committee on Housing, Transportation, and Community Development is set to host a hearing assessing the government’s efforts to improve housing efforts among Native American communities nationwide.

“While elevated rates and other affordability challenges remain, inventory continues to be the biggest obstacle for prospective homebuyers,” said Freddie Mac Chief Economist Sam Khater.

In our June MortgagePoint cover story, experts discuss the importance of D&I strategies in the workforce, in business, and throughout the mortgage industry, highlighting the strategies utilized to promote equity in the U.S. housing system for renters and homeowners nationwide.

Mortgage application volume fell has fallen for a month straight, with purchase activity constrained by rates nearing the 7% mark and a lack of for-sale inventory.

Twenty-five-year senior finance specialist and former CoreLogic exec tapped to manage loanDepot’s financial functions, including its accounting, treasury, tax, corporate finance, and investor and lender relations activities.

“It's crucial, especially in higher-rate environments, for Americans to talk to a mortgage advisor who can help prepare buyers for the homebuying process, work to determine how much a person can afford and clear up the misconceptions about the many paths to homeownership that exist," said Thomas Parrish, Head of U.S. Retail Lending Product Management at BMO.

Following The Loan Store’s acquisition of certain assets of Homepoint’s wholesale originations channel, 26-year industry veteran officially takes over the role of CEO.