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updated Sun. April 21, 2019

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I've mentioned both of these stocks multiple times as shorts (sadly, I got impatient with them both and didn't bother sticking with the position!) MGIC Investment Corporation (NYSE:MTG) Chart: MTG Chart. Radian Group Inc (NYSE:RDN) Chart: RDN Chart. Mortgage Market Fracturing: MTG, RDN.
The current state of the high net worth (HNW) mortgage market presents something of a paradox. Funds for lending are plentiful and some excellent deals are on offer, but the question is, how many takers will there be? The expansion of capacity has coincided with subdued demand, despite a return of ...

The future secondary mortgage market entities will receive high investment grade ratings, even as there is no clarity on their scope or form, Fitch Ratings said. These bodies, whether they are totally new entities, a recast Fannie Mae and Freddie Mac or some hybrid of both that comes out of the housing ...
When Financial Federal executive vice president John Loebel looks at the local mortgage market, he has a straightforward assessment: If you want to buy a home, buy it now. “The mortgage rate trend is up, period,” he said. “With the Federal Reserve's consistent raising of rates to control inflation, we ...
Ranieri Solutions, led by the "father of the securitized mortgage market," Lewis Ranieri, has partnered with blockchain and smart contract company Symbiont to explore opportunities in implementing blockchain technology in the mortgage space. Blockchain technology is a distributed ledger capable of ...
Tucked into the U.S. Senate's recently passed financial regulatory reform bill is a provision that has nothing to do with regulatory relief for community banks, freeing up capital in financial institutions, or enhancing consumer protections. It concerns the way our nation manages risk in the mortgage market and ...

With mortgage rates rising, the refinancing area of the mortgage market is suffering, with refinancing accounting for the smallest portion of all home loans in the past 20 years. That's according to Inside Mortgage Finance, which told The Wall Street Journal that just 37% of the mortgage origination volume in ...
The mortgage market has been doing quite well for a number of years. A steady stream of home buying and refinancings because of ultra low mortgage rates has kept things flowing. However, with rates rising, the refinancing part of the business is weakening for lenders. In 2017, 37% of all mortgage ...
Will blockchains upend the home mortgage market? The answer to that question is "yes," because blockchains will reduce the costs and risks of originating mortgages, servicing them, consolidating them into securities, and transferring ownership of individual mortgages and mortgage securities. The difficult ...
In its Q4 Mortgage Lender Sentiment Survey, Fannie Mae reported that 75% of lenders were citing “competition from other lenders” as a key business challenge, the highest since the survey began in 2014. Yesterday, the MBA reported that refinance applications for the previous week were at the lowest ...
The more participants there are in the transaction, the greater the benefit, which is why the home mortgage market is a prime candidate. The other side of that coin, however, is that more participants mean more potential sources of resistance to participation. A mortgage blockchain also has substantial ...
Blockchains will have a considerable effect on mortgage markets because they will reduce the costs and risks of originating mortgages, servicing them, consolidating ... The more participants there are in the transaction, the greater the benefit, which is why the home mortgage market is a prime candidate.
The start of the spring housing market has yet to energize the mortgage market, the latest numbers from the Mortgage Bankers Association show. Total mortgage application volume was essentially flat last week, up just 0.3 percent on a seasonally adjusted basis, according to the MBA. Volume was 5 ...
ANZ has argued that the $1.6 trillion mortgage market is “fluid and competitive”, with the bank's declining financial returns presented as proof that the Productivity Commission has erred in its assessment that competition is weak. In a public hearing following the commission's release of its draft report on ...
The firm noted that a drop in the average credit score of a person applying to refinance a mortgage typically happens when rates rise, adding yet another challenge to a segment of the mortgage market that saw steep declines last year. According to Black Knight, the total number of refinance originations ...
The comment above applies to a recent article of mine suggesting that Fannie Mae and Freddie Mac be retained with government backing but with a new mission: to eliminate market dysfunction. The reader's point is that the measures I proposed would not create a competitive mortgage market, and she is ...
“Shifting control of appraisals to borrowers, and requiring lenders to purchase and pay for any insurance that protects lenders would help borrowers, but these changes would not create a competitive market in home mortgages.” The comment above applies to a recent article of mine suggesting that Fannie ...

Lenders at year's end were already predicting solid mortgage-banking activity to continue heading into 2018 – a feeling that's been born out by the housing sector's first monthly performance totals for the year. New numbers out from real estate information company Chandler Reports, ...
But today increasing danger lurks in the mortgage market, and economists say it could put the financial system at "even greater risk" when the next recession strikes or too many borrowers fall behind on their mortgage payments. A growing segment of the mortgage market is being financed by so-called ...
Now that the weather is starting to warm up a little from the frigid start to the year, mortgage lenders like Jessica Campbell are noticing something else: a “steady increase” in both refinances and purchase mortgage volume. New numbers out now covering mortgage activity in Shelby County during February ...
On Feb. 13, the Mortgage Bankers Association sent its members an early Valentine's Day gift: an open letter to Congress asking for explicit federal guarantees in the secondary mortgage market. The letter touts ideas included in the recently leaked legislation put together by Sen. Bob Corker, R-Tenn., and it ...
Nearly ten years ago, the collapse of the sub-prime mortgage market sent the U.S. economy into a tailspin. As housing prices dropped and unemployment climbed, vulnerable households found themselves unable to refinance the mortgages they borrowed under better economic circumstances. Struggling ...
This paper is part of the Spring 2018 edition of the Brookings Papers on Economic Activity, the leading conference series and journal in economics for timely, cutting-edge research about real-world policy issues. Research findings are presented in a clear and accessible style to maximize their impact on ...
The Federal Reserve Bank of New York (New York Fed) released a February 2018 Staff Report titled, “The Role of Technology in Mortgage Lending,” which concludes that technological innovation by fintech mortgage lenders has improved the efficiency of lending in the U.S. mortgage market. In the report ...
J.L.M Campuzano (Spanish Banking Association) | Mortgage financing grew 9.7% in 2017, although in terms of borrowed capital the rise was much higher at 16.6%. So it can be seen that the recovery in the mortgage market is consolidating after the strong adjustment suffered during the crisis. The figures ...
“The mortgage market, despite significant efforts, continues to lag behind from a technological standpoint creating inefficiencies that impact mortgage loans ... that together we can implement this transformative technology to bring necessary efficiencies, transparency, and security to the mortgage markets.”.
It's another program from mortgage giant Fannie Mae designed to help more borrowers get better loans in today's tight mortgage market. Airbnb already tracks the income data and will now provide documentation for a mortgage application. "We want to enable those borrowers to be able to refinance and ...
Refinance mortgages accounted for 45% of mortgage volume, the highest share in a year, according to Ellie Mae's Origination Insights Report. The share of refinance loans increased from 40% in December, but is still below the 47% share of volume in January 2017. Purchase originations, which are ...
A major piece of unfinished business from the financial crisis is what to do with Fannie Mae and Freddie Mac, which have been in a federal conservatorship since 2008. An impasse between Republicans and Democrats on the future of the agencies could be broken if they came to realize that there is a ...
California Latinos Make Up Small Fraction of Mortgage Market. A national analysis by Reveal from The Center for Investigative Reporting found Latinos in the San Francisco metro region made up a quarter of the population but just over 4 percent of home loan applications. (Justin Sullivan/Getty Images).
FILE – This Jan. 17, 2015 photo shows a sign advertising a house for sale in Los Angeles. Analysis by Reveal from The Center for Investigative Reporting found Latinos accounted for nearly half of the population in... (AP Photo/Richard Vogel, File) More ...
The skinny: Capital One exited the home mortgage market in 2017. In the years before, it took in a higher proportion of mortgage applications from people of color than most of its competitors. But when African Americans approached Capital One to buy a home, they were more likely to get turned down than ...
On February 2, a leaked Senate proposal to overhaul the secondary mortgage market's government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, would drop important access and affordability provisions that now govern the system. For example, the GSEs now are required to always serve ...
1 mortgage market in Alabama, posting a loan funding rate of 60.01 percent and average property taxes of $5,064. Following Colbert County was Lauderdale County, which posted a loan funding rate of 63.18 percent and average property taxes of $5,860. Henry County in southeast Alabama came in at No.
Lenders at year's end were already predicting solid mortgage-banking activity to continue heading into 2018 – a feeling that's been born out by the housing sector's first monthly performance totals for the year. New numbers out from real estate information company Chandler Reports, ...
The Co-operative Bank is to stop offering mortgages directly to new customers, with the brand set to disappear from the UK mortgage market. From Friday 9 February 2018, The Co-op Bank will stop selling mortgages to consumers through its website and telephone service. Mortgage sales in branch ended ...
The secondary mortgage market is in trouble - these are the backers, buyers, and packagers of home loans. Simply put, when a homeowner buys a mortgage, that debt is often purchased by secondary mortgage groups so that the financial institution can recoup its lending capital and make more loans.
Changes to the way credit scores are calculated are on the horizon, and for many prospective homeowners, this could be a good thing. For many years, Fannie Mae and Freddie Mac, the government-controlled entities that guarantee U.S. mortgage loans, have required lenders to base creditworthiness of ...
The mortgage market is generating more defective loans for the third consecutive quarter, however, one expert claimed this increase is to be expected. The critical defect rate increased for the third consecutive quarter, reaching 1.76% in the second quarter of 2017, according to the ARMCO Mortgage QC ...
Refinance mortgages dominated the mortgage market in December due in part to purchases being down in the winter months, and also borrowers rushing to close their loans before the newly instated tax reform took effect. The percentage of refinances rose to 40% of all closed loans in December, up 1% ...
Buoyed in part by solid numbers for 2017, bankers in Memphis like David Umsted are already looking ahead to what they foresee will be another busy year for the mortgage business locally thanks to a mix of underlying strengths for the market. New numbers out from real estate information company ...
Finance Ireland, a specialist lender founded by former banker Billy Kane, will decide this quarter whether to enter the residential mortgage market. If the plan goes ahead, the company will be competing with the five mainstream mortgage providers by the third quarter of this year. “We've been sidetracked by ...
The GOP tax plan could put a squeeze on the market for jumbo mortgages, which banks have been leaning on more heavily since the financial crisis. Jumbo mortgages are loans that are too big to sell to Fannie Mae and Freddie Mac. In most parts of the country, a jumbo loan is one that is above $424,100.
UBS Group owes $903,300 to a former senior strategist who claimed he was fired for refusing to sugarcoat his reports for clients. A Manhattan federal court jury on Thursday sided with former top commercial mortgage-backed securities strategist Trevor Murray, who accused the Swiss lender of illegally firing ...
Republicans and Democrats in Washington have been talking about helping the middle class, and Nevada's working families definitely need the boost. The Great Recession sapped $20 trillion in wealth nationwide and the “lost decade” since 2008 left its mark. Homeownership has yet to reach average ...
Richard Sexton, director of e.surv, said: “While the mortgage market as a whole has continued its impressive recent performance, there are concerns about first-time buyers and those with small deposits being squeezed. “Their share of the market continues to fall, which shows how important it is for lenders, ...
Year-over-year monthly gains for Shelby County's mortgage market has been a pattern for most of this year, a trend that held true through November. The market saw a 3 percent gain in purchase mortgage volume during the month, rising to a little more than $174 million compared with $168.9 million in ...
Sound underwriting is an important element in maintaining a strong and stable Canadian financial system and OSFI will continue to monitor the country's housing and mortgage markets under the new rules, Annik Faucher, spokeswoman for the Ottawa-based organization said in an email. Like her clients ...
Despite the mortgage market taking a slight dip in November due to a fall in house purchases, the start of 2018 is looking fairly buoyant. The Autumn Budget paved the way for an anticipated increase in first time buyers looking for a mortgage and existing owners remortgaging. Importantly, the 0.25% base ...
Millions in home mortgages may be on the line as the Federal Housing Finance Agency debates whether to accept a new credit scoring system for loans backed by Fannie Mae and Freddie Mac. Currently, Fannie and Freddie won't buy mortgages unless lenders assessed the borrowers using the FICO ...


 

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