Record-low rates are helping transform the 15-year mortgage from a rarely used instrument into a popular option, especially for homeowners refinancing their loans. In November, 23% of refinance applications were for 15-year loans, according to theMortgage Bankers Association. That's up 51% from a year earlier.
Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing elsewhere. So who put all these together? Our entire staff does!
Managing a tough environment is nothing new to Nationstar President and CEO Jay Bray. His portfolio sits around a quarter full with distressed loans. He’s used to complaints, he can handle
them. Bray is easygoing through it all. All things considered, this is Bray’s comfort zone..
Two months wandering in a new compliance landscape makes the prospect of a seamless, paperless eMortgage even more compelling. In our increasingly digital society, an entirely paperless process for mortgage loan origination seems to be the next logical step. Read More
The Consumer Financial Protection Bureau (CFPB) is becoming a light switch regulator, operating in two modes, either on or off. For last month’s cover story, I could argue that Director Richard Cordray’s behavior toward consumers was decidedly on, while his behavior to the trade press was decidedly off. Read More