Lenders, economists question first-time homebuyer bills

Legislation could create more problems than it solves, experts say.

Lenders, economists question first-time homebuyer bills   LOs and economists say the first-time homebuyer bills, if passed, could cause unintended consequences, such as payday lending. HW+ Premium Content The odds are stacked against homebuyers with lower credit   A new OJO Labs report found that tools to build credit and homeownership are least visible, accessible, and useful to groups with lower credit scores. The 5 key hurdles to eClosings — and how to overcome them   If your organization is ready to conduct eClosings, you'll need to know the five elements that can make or break your digital implementation strategy.   Learn More! Sponsored by DocMagic How capacity constraints are impacting servicers   This is a challenging time for servicers, with somewhat of a perfect storm of increased volumes, pandemic-driven dislocation and increased regulatory pressures. First American Mortgage Solutions helps deliver shortened turn times while maintaining compliance. Presented by First American Mortgage Solutions More renters and homeowners are making payments   Less than 5 million households did not make their rent or mortgage payments in March 2021, the lowest number since the onset of the pandemic. WHITE PAPER: 1% is bigger than you think For the average lender, a mere 1% improvement in borrower retention adds $50M a year in volume and $1.25M in bottom-line profit. See how 19 lenders increased their year-over-year borrower retention by not just 1%, but a whopping 11%. Learn More! Sponsored by Sales Boomerang Housing affordability drops slightly from 4Q 2020   Housing affordability weakened slightly during the first quarter, per the latest report from the National Association of Home Builders and Wells Fargo HOI. The past, present and future of real estate commissions   HousingWire Senior Real Estate Reporter Matthew Blake answers questions about his three-part HW+ series on the past, present, and future of real estate commissions. HW+ Premium Content Why Automating the Origination Process is Crucial for Lenders Right Now Don't allow old manual processes to halt your business workflow. Learn how lenders utilize automated instant title and valuation to close loans faster! Learn More Now. Sponsored by FirstClose Home Point Capital reports decrease in 1Q revenue   Home Point Capital reported $29 billion in origination volume in the first quarter of 2021, and a net income of $149 million. Mortgage rates remain under 3% for third week in a row   For the third consecutive week, mortgage rates managed to remain under 3%, dropping three basis points last week to an average of 2.96%, per Freddie Mac. 2020 Volume with 2019 Staff Levels? Yes! To scale without more payroll requires automated thinking & decision making, not automated tasks. That's how our Top 5 & Top 20 clients get such massive ROI and lift. Candor is on to something really big. Curious? Learn More! Sponsored by Candor Best of the rest Will the real Biden first-time buyer program please stand up [RealTrends] LoanDepot founder and CEO Anthony Hsieh on second mortgages and housing market [CNBC] Exhausted real estate agents say they're working around the clock to keep up with the frenzied real estate market [Business Insider] HousingWire, 433 East Las Colinas Blvd., Suite 830, Irving, TX 75039, (469) 893-1480 Unsubscribe Manage preferences

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