Mortgage Rate Predictions for Late-2022
Will mortgage rates keep rising? Mortgage interest rates spiked to start 2022, rising more than two percentage points between January and May. If you’re considering a home purchase or refinance,…
Fear and loathing in Mortgage Land
The Mortgage Bankers Association Secondary Conference in 2021 was a celebration of extraordinary times and the end of COVID. This year’s event was far more subdued. Issuers worry about rising…
Mortgage And Refinance Rates, May 18
Today’s mortgage and refinance rates Average mortgage rates rose appreciably yesterday. They’re still some way off their highs in the first week of this month. But they’re drifting away from…
Mortgage leaders break down the benefits of blockchain
With cryptocurrencies currently under scrutiny after TerraUSD’s nosedive in value last week, cheerleaders of blockchain technology in the mortgage industry want to make it clear to any Luddites remaining that…
How To Choose The Right One
HELOC or home equity loan? Plenty of Americans are richer in home equity than they were a year ago thanks to rising home values across the nation. A HELOC or…
Mortgage fraud costs banks more than nonbanks
Real estate scams have the highest impact on depository mortgage originators, costing them $5.34 for every $1 of fraudulent transactions, a study from LexisNexis Risk Solutions revealed. That is 68…
Mortgage And Refinance Rates, May 17
Today’s mortgage and refinance rates Average mortgage rates barely moved yesterday as markets took a breather after last week’s volatility. We’ll have to wait to see how long that relative…
Experts call ‘tech debt’ a significant cyber vulnerability
From left: Jason Doshi, CEO and co-founder of Paymints.io, Marianne Bailey, partner at Guidehouse, and Rick Hill, vice president of industry technology at the Mortgage Bankers Association, speak Tuesday, May…
Ginnie Mae head speaks on housing supply plan, Thompson on PSPA
Leaders at Ginnie Mae and the Federal Housing Finance Agency gave hints at what lies ahead for their organizations when speaking at the Mortgage Bankers Association conference this week. On…
CFPB’s Chopra calls out servicer shortcomings
Some mortgage servicers are lagging behind their peers in responding to borrower problems, which Consumer Financial Protection Bureau Director Rohit Chopra ties to IT and staffing issues. The regulatory chief,…