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Bidding wars for mortgage LOs heat up again
The fiercely competitive hiring environment is driven by the anticipation of a refinance wave that hasn’t fully materialized. It places some companies in a difficult position.
Solving the HEI origination securitization challenge
Home Equity Investment (HEI) is a relatively new option for private equity real estate investors, and one that carries significant promise. Essentially, is a secured contract where a homeowner receives cash today for a share of the home’s future value at a refinancing or sale event. Unlike a loan, there are no monthly payments or interest. HEIs are attractive to homeowners because the payment comes in an interest-free lump sum, rather than being spread out over a period of time and including interest, and because they don’t carry the same stringent requirements as traditional home equity loans.
Mortgage demand still staying firm with elevated rates
As the spring home-buying season winds down, the demand for mortgages is holding steady, even with the higher rates.
ALTA on new Fannie policy: title insurance “will always be essential”
ALTA issues statement on Fannie Mae’s policy change allowing attorney opinion letters in lieu of title insurance.
Fed retreat from MBS market sparks short-term uncertainty
What happens when the Federal Reserve begins pulling back in a serious way from the mortgage-backed securities (MBS) market that it has helped to prop up through billions of dollars in bond purchases since the start of the pandemic in 2020 — to the point where it now holds a $2.7 trillion agency MBS portfolio?
Some lenders won’t survive the purchase mortgage market of 2022
HousingWire interviewed over a dozen analysts, mortgage executives, loan officers, and consultants to answer the trillion-dollar question: who is positioned to win in the purchase market, and who will likely bite the dust?
