Articles by Brena Swanson

MBA: Mortgage applications post slight uptick

Refinance loan size reaches new high
Mortgage applications continue to fluctuate and posted a slight increase, according to the latest data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. The survey also reported that the average loan size for refinance applications increased to its highest level since September 2016. This comes after the average loan size for purchase applications reached a survey high at the start of the month.
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Community bankers: GSE reform should keep what works and just fix the problems

How to ensure a robust primary and secondary mortgage market
More talk of reforming the government-sponsored enterprises are starting to surface as the Trump administration promises to make reform a priority. Diverging from other industry reform options out there, the Independent Community Bankers of America penned their version of how GSE reform should take place. So which option will work best?
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Blend CEO on why lenders are reluctant to adopt digital mortgages

The importance behind digital innovation
The words “digital” and “innovation” are plastered across the mortgage market from news articles to marketing materials, and yet there are still lenders out there opting to not go digital. Given this call to adapt to the growth in the technology, why would lenders still be reluctant to change?
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More Republican representatives speak out against CFPB

Representatives reach out to constituents in local publications
The full version of the Republican-led Financial CHOICE Act, which aims to replace Dodd-Frank, is finally out after a lot of buildup on its coming release. So, as the hearing date to discuss it nears, more Republican representatives are vocalizing their opinions against Dodd-Frank and the Consumer Financial Protection Bureau and fight for the Financial CHOICE Act.
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RE/MAX and HouseCanary collaborate to provide agents with real estate data

Agents utilize HouseCanary data
RE/MAX and HouseCanary announced a collaboration to provide agents with exclusive data. HouseCanary is a real estate analytics company that provides values and forecasts for more than 18,000 U.S. residential markets and 100 million properties. Want to know what a home will be worth in two years? RE/MAX agents now know.
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How will a government shutdown impact the mortgage process?

Top areas that could hit a roadblock
Lenders and homebuyers might need to prepare for potential roadblocks in the homebuying process if the government does shutdown after April 28. Yes, lenders handle the main decision of if a borrower gets a loan, but there are key parts of the mortgage process that rely on government workers.
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Trump signs memorandum on Dodd-Frank's orderly liquidation authority

Along with another executive order and memorandum
President Donald Trump signed one executive order and two presidential memoranda on Friday, affirming once again that he plans to roll back many of the regulations put in place in the aftermath of the financial crisis. Unlike a broader past executive order designed to roll back the Dodd-Frank Wall Street Reform Act, Friday’s executive memorandum focused on the orderly liquidation authority part of Dodd-Frank.
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Cincinnati sues Harbour Portfolio Advisors over predatory foreclosure sales

Already under CFPB investigation
Harbour Portfolio Advisors remains in the hot seat as it faces another investigation into its foreclosure sales practices. The city of Cincinnati announced a lawsuit against the company, one of the nation’s largest sellers of foreclosed homes, due to unpaid fines and alleged failure to properly maintain dozens of homes.
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Attention lenders: The CFPB is now focusing more on fair lending in mortgages

A look at where the CFPB will increase its fair lending oversight this year
After looking back at its fair lending priorities for 2016, the Consumer Financial Protection Bureau highlighted which areas will be top priorities for 2017. So what’s at the top of the list? Mortgages. The bureau explains where it is ramping up its efforts in its latest annual Fair Lending report.
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