Alcynna Lloyd is a reporter at HousingWire. Lloyd has a degree in broadcast journalism from the University of North Texas. She previously interned with a broadcast position at CBS and has a background in freelance journalism.
Affordable lending programs administered through state Housing Finance Agencies have limited studies specifying how HFA mortgages compare to regular mortgages, but a recent analysis conducted using Fannie Mae data suggests that HFA mortgages are less likely to default.
Mortgage rates haven't risen this consistently to start a year in more than 40 years, according to Freddie Mac’s latest Primary Mortgage Market survey. “Through May, rates have risen in 15 out of the first 21 weeks, which is the highest share since Freddie Mac began tracking this data for a full year in 1972,” Freddie Mac Chief Economist Sam Khater noted.
A recent study suggest that there are significant patterns of residential segregation in all of the nation’s large metropolitan areas, but the black population is the most highly segregated group, according to Apartment List.
Fintech company, and 2018 HW Tech100 winner, TMS recently announced the addition of Fred Quick and Al Murad as executive vice presidents as the company continues to expands its retail lending division.
Trelix, a provider of real estate, mortgage and technology services, announced the launch of a closing services solution that aims at helping mortgage lenders settle their loans. It will also provide a full suite of end-to-end fulfillment services for customers.
Mortgage applications followed last week’s decreasing trend, falling 2.6% from last week and the refinance index dropped to its lowest level since December 2000, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending May 18, 2018.
Recent research from LendingTree suggests that about 8% of borrowers are denied when applying for mortgages, and certain cities actually have higher rates of rejected mortgage applications. Check out this list to see the top 10 cities with the highest rates of denials... and the reasons why.
LoanScorecard, a decision management solution provider, announced Tuesday that Raj Parekh joined the company as its new digital mortgage strategist. The company hopes to tap into the technological needs of millennials navigating the housing market.
He wears t-shirts to his televised interviews; not very CEO. He played sports at a high level, but rarely brings it up and when he does he talks about it as a mere chapter in his life. Honestly, who plays a Super Bowl and doesn’t describe it as the defining moment in their personal journey? Casey Crawford, that’s who. His family is a big part of his life of course, but he talks about his even larger family — his coworkers — in terms that are just as glowing.
One of the things that has bedeviled mortgage financing post-crisis has been the absence of the private label mortgage backed securities market. During the peak years, private label MBS issuance topped $1 trillion. In 2017, only $70 billion of private label RMBS were issued, although that is a big increase from 2016.
Digital technology has disrupted businesses and industries from publishing to public transportation, so can the mortgage industry be far behind? Actually, anyone who’s applied for a mortgage recently will have recognized that things are already changing fast.