The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

Zillow analyst on whether home prices can keep climbing

Today’s episode of HousingWire Daily features an interview with Nicole Bachaud, as she discusses annual and monthly home price appreciation growth, rising inventory levels and rent prices.

Lenders, it’s time to consider offering non-QM products

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.

Mortgage

Are you planning to buy or sell a home in August?

TILA/RESPA mortgage regulations likely to impact time to close

While the industry is bracing for the impact of the Consumer Financial Protection Bureau’s new TILA/RESPA rules coming Aug. 1, future buyers and sellers might want to reconsider when they choose to sell their home, choosing to push the process up or back several months. 

Stonegate Mortgage Corporation Founder and CEO Jim Cutillo explained in an interview that the rules will be very disruptive when they are implemented in August 2015.

Cutillo said that the industry has concerns. Not as a regulatory concern, but instead from a systems perspective and what it means to the consumer, the lender and everyone involved.

And the title industry will likely feel the biggest impact. “On a go-forward basis, you could see fundamental changes on how lenders engage title companies,” he noted.

But at the end of the day, it will be the consumers who may feel the biggest impact as it will take longer for to get a home loan closed, Cutillo explained. 

Stonegate is working to make sure borrowers are aware of the coming changes, Cutillo said, including making educational videos.

Right now, Stonegate closes in 23 days or less in some cases, but with the changes, the vast majority of loans will be extended by at least 15 days, even with certain precautions to mitigate delays by doing things electronically. 

Latest Articles

Refis stubbornly make a bit of a comeback

The week following Labor Day saw a flurry of mortgage loan application activity, with volume jumping by 4.9% for the seven days ending Sept. 17, according to the MBA. Refis were on the front foot again.

Sep 22, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please