As the economy reopens, vaccinations continue to roll out and stimulus checks reach bank accounts across America, home sellers are increasingly feeling good.
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HousingWire recently spoke with Jeffrey Morelli, general manager at Truework, about what lenders can do to prepare for and overcome the growing threat of fraud and data inaccuracy. Presented by Truework
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Rolled out in isolation, first-time homebuyer tax incentives are only likely to make supply scarcer and prices higher. Instead of just bolstering demand, policies that focusing on increasing supply is what the U.S housing market desperately needs.
"It's not insurmountable to get permanent RON laws passed over the next few years by states that haven't done so. But there's got to be a will to make it all happen," said Bill Anderson, vice president of government affairs for the National Notary Association in Chatsworth, Calif. HW+ Premium Content
On average, lenders hang on to just 18% of borrowers. But some industry leaders have cracked the borrower retention code. This free white paper explores how 19 of them are seeing borrower retention rates up to 5X the industry average. Read more now.
Kristy Fercho, executive vice president and head of home lending at Wells Fargo, who also serves as the chairman elect of the Mortgage Bankers Association, explains how Wells Fargo is serving borrowers during COVID-19, the effect forbearance exits will have on the housing market, and her optimism about the big bank model.
The proposed rulemaking would provide a special pre-foreclosure review period prohibiting servicers from starting foreclosures until after December 31, 2021.
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