mortgage markets

I've mentioned both of these stocks multiple times as shorts (sadly, I got impatient with them both and didn't bother sticking with the position!) MGIC Investment Corporation (NYSE:MTG) Chart: MTG Chart. Radian Group Inc (NYSE:RDN) Chart: RDN Chart. Mortgage Market Fracturing: MTG, RDN.

The current state of the high net worth (HNW) mortgage market presents something of a paradox. Funds for lending are plentiful and some excellent deals are on offer, but the question is, how many takers will there be? The expansion of capacity has coincided with subdued demand, despite a return of ...

The future secondary mortgage market entities will receive high investment grade ratings, even as there is no clarity on their scope or form, Fitch Ratings said. These bodies, whether they are totally new entities, a recast Fannie Mae and Freddie Mac or some hybrid of both that comes out of the housing ...

When Financial Federal executive vice president John Loebel looks at the local mortgage market, he has a straightforward assessment: If you want to buy a home, buy it now. “The mortgage rate trend is up, period,” he said. “With the Federal Reserve's consistent raising of rates to control inflation, we ...

Ranieri Solutions, led by the "father of the securitized mortgage market," Lewis Ranieri, has partnered with blockchain and smart contract company Symbiont to explore opportunities in implementing blockchain technology in the mortgage space. Blockchain technology is a distributed ledger capable of ...

Tucked into the U.S. Senate's recently passed financial regulatory reform bill is a provision that has nothing to do with regulatory relief for community banks, freeing up capital in financial institutions, or enhancing consumer protections. It concerns the way our nation manages risk in the mortgage market and ...

With mortgage rates rising, the refinancing area of the mortgage market is suffering, with refinancing accounting for the smallest portion of all home loans in the past 20 years. That's according to Inside Mortgage Finance, which told The Wall Street Journal that just 37% of the mortgage origination volume in ...

The mortgage market has been doing quite well for a number of years. A steady stream of home buying and refinancings because of ultra low mortgage rates has kept things flowing. However, with rates rising, the refinancing part of the business is weakening for lenders. In 2017, 37% of all mortgage ...

Will blockchains upend the home mortgage market? The answer to that question is "yes," because blockchains will reduce the costs and risks of originating mortgages, servicing them, consolidating them into securities, and transferring ownership of individual mortgages and mortgage securities. The difficult ...

In its Q4 Mortgage Lender Sentiment Survey, Fannie Mae reported that 75% of lenders were citing “competition from other lenders” as a key business challenge, the highest since the survey began in 2014. Yesterday, the MBA reported that refinance applications for the previous week were at the lowest ...

The more participants there are in the transaction, the greater the benefit, which is why the home mortgage market is a prime candidate. The other side of that coin, however, is that more participants mean more potential sources of resistance to participation. A mortgage blockchain also has substantial ...

Blockchains will have a considerable effect on mortgage markets because they will reduce the costs and risks of originating mortgages, servicing them, consolidating ... The more participants there are in the transaction, the greater the benefit, which is why the home mortgage market is a prime candidate.

The start of the spring housing market has yet to energize the mortgage market, the latest numbers from the Mortgage Bankers Association show. Total mortgage application volume was essentially flat last week, up just 0.3 percent on a seasonally adjusted basis, according to the MBA. Volume was 5 ...

ANZ has argued that the $1.6 trillion mortgage market is “fluid and competitive”, with the bank's declining financial returns presented as proof that the Productivity Commission has erred in its assessment that competition is weak. In a public hearing following the commission's release of its draft report on ...

The firm noted that a drop in the average credit score of a person applying to refinance a mortgage typically happens when rates rise, adding yet another challenge to a segment of the mortgage market that saw steep declines last year. According to Black Knight, the total number of refinance originations ...

The comment above applies to a recent article of mine suggesting that Fannie Mae and Freddie Mac be retained with government backing but with a new mission: to eliminate market dysfunction. The reader's point is that the measures I proposed would not create a competitive mortgage market, and she is ...

“Shifting control of appraisals to borrowers, and requiring lenders to purchase and pay for any insurance that protects lenders would help borrowers, but these changes would not create a competitive market in home mortgages.” The comment above applies to a recent article of mine suggesting that Fannie ...

Lenders at year's end were already predicting solid mortgage-banking activity to continue heading into 2018 – a feeling that's been born out by the housing sector's first monthly performance totals for the year. New numbers out from real estate information company Chandler Reports, ...

But today increasing danger lurks in the mortgage market, and economists say it could put the financial system at "even greater risk" when the next recession strikes or too many borrowers fall behind on their mortgage payments. A growing segment of the mortgage market is being financed by so-called ...

Now that the weather is starting to warm up a little from the frigid start to the year, mortgage lenders like Jessica Campbell are noticing something else: a “steady increase” in both refinances and purchase mortgage volume. New numbers out now covering mortgage activity in Shelby County during February ...

On Feb. 13, the Mortgage Bankers Association sent its members an early Valentine's Day gift: an open letter to Congress asking for explicit federal guarantees in the secondary mortgage market. The letter touts ideas included in the recently leaked legislation put together by Sen. Bob Corker, R-Tenn., and it ...

Nearly ten years ago, the collapse of the sub-prime mortgage market sent the U.S. economy into a tailspin. As housing prices dropped and unemployment climbed, vulnerable households found themselves unable to refinance the mortgages they borrowed under better economic circumstances. Struggling ...

This paper is part of the Spring 2018 edition of the Brookings Papers on Economic Activity, the leading conference series and journal in economics for timely, cutting-edge research about real-world policy issues. Research findings are presented in a clear and accessible style to maximize their impact on ...

The Federal Reserve Bank of New York (New York Fed) released a February 2018 Staff Report titled, “The Role of Technology in Mortgage Lending,” which concludes that technological innovation by fintech mortgage lenders has improved the efficiency of lending in the U.S. mortgage market. In the report ...

J.L.M Campuzano (Spanish Banking Association) | Mortgage financing grew 9.7% in 2017, although in terms of borrowed capital the rise was much higher at 16.6%. So it can be seen that the recovery in the mortgage market is consolidating after the strong adjustment suffered during the crisis. The figures ...

“The mortgage market, despite significant efforts, continues to lag behind from a technological standpoint creating inefficiencies that impact mortgage loans ... that together we can implement this transformative technology to bring necessary efficiencies, transparency, and security to the mortgage markets.”.