Articles by Brena Swanson

Here are tips on knowing whether to build, buy or partner for mortgage technology

Ellie Mae reveals the criteria it uses
As mortgage technology infiltrates the industry, it poses a question for lenders: How do they want to move forward into the new world? Joseph Tyrrell, executive vice president of corporate strategy with Ellie Mae, sat with HousingWire at the MBA tech conference to give tips on how companies can decide whether they should build, buy or partner to get this technology.
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MBA chief economist: The answer to the rising cost to produce a mortgage

And how you can you solve it
After updating attendees with the status of the industry, which included the challenges of dealing with the housing inventory drought and ever-rising interest rates, the Mortgage Bankers Association’s chief economist concluded his presentation with a call to action. To the industry: This is what you need to do to fix the rising costs to produce a mortgage.
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Tech talk at MBA: Do we build technology or do we partner?

How to disrupt the mortgage finance industry
No one in the mortgage industry needs to be convinced about the power, prominence and appeal of technology anymore. Look no further than the Mortgage Bankers Association’s National Technology in Mortgage Banking Conference and Expo in Chicago for proof. Helping kick off the conference on Monday, executives from JPMorgan Chase, Ellie Mae, USAA and Quicken Loans discussed their perspectives on fintech.
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OCC: Charts prove borrowers keep getting better at paying their mortgage

Four charts break down servicing at the top seven banks
Keeping up with the rest of the year, the Office of the Comptroller of the Currency’s latest quarterly report on mortgages showed that borrowers are getting better at paying their mortgage loans. The report falls in line with previous reports that showed the overall performance of mortgages improving from the previous year.
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CFPB proposes amendments to Equal Credit Opportunity Act

Gives new flexibility on collecting ethnicity and race information to align with HMDA
The Consumer Financial Protection Bureau announced it is reassessing the Equal Credit Opportunity Act in order to provide lenders with additional flexibility when collecting consumer ethnicity and race information. The new proposal looks to clarify, through rulemaking, the parts of Regulation B that seem to conflict with Regulation C requirements on collecting this information.
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CFPB preps to review major mortgage rules

Falls under Dodd-Frank requirement
January 2018 marks five years since the Consumer Financial Protection Bureau finalized the qualified mortgage rule. The five-year anniversary means more than a landmark date of a major regulation though, as it also means the bureau is required to reassess its major mortgage rules. Will the CFPB use this process to change the mortgage market again?
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These 4 charts break down the details behind Millennials living at home

Plus the who, what, where, why, and how
Student debt, housing affordability and income are commonly tossed out as the culprits behind Millennials needing to move back in with their parents. The details, however, are a little more complicated than that. These four charts break down what Millennials living at home looks like (and we're not talking about their bedrooms).
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Despite drop in pending home sales, California Realtors positive on spring buying season

Affordability and inventory shortages still major concern
Housing inventory shortages and affordability concerns dampened California’s strong start to the new year. But regardless of the dip, California Realtors are still positive about the upcoming spring home-buying season and expect improved market conditions in the near term.
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Millennials would really prefer to live in these 10 cities

List ranges from affordable to expensive
Younger home shoppers are set to become the No. 1 homebuying cohort throughout the coming years, but they’re not opting to buy a home just anywhere. Realtor.com took advantage of its website user data to create a list of the top 10 markets where Millennials are looking for a home. While a chunk of the cities on the list are affordable, it’s not true for all of them.
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