Profit margins are just going to get worse, lenders say

Nearly 70% of mortgage lenders believe profit margins will decrease in the third quarter, the largest decline since 2014, Fannie Mae said.

Profit margins are just going to get worse, lenders say   Nearly 70% of mortgage lenders believe profit margins will decrease in the third quarter, the largest decline since 2014, Fannie Mae said this week. Fannie Mae gives go-ahead for digital verification   Fannie Mae has given mortgage servicers the green light to use third-party digital vendors to verify income and asset information. Mortgage tech firms are thrilled. RateStar: The MI Industry's Most Quotable Platform   "RateStarSM is the best!" Lenders love the industry's first and best risk-based MI pricing solution, delivering Arch MI's most competitive rates for each loan. It also features a unique buydown tool that creates customized premium payments. With RateStar, there's always a great quote. Get yours today. Sponsored by Arch MI The digital journey starts at acquisition   This white paper will explore how investments in digital acquisition directly contribute to a lender's ability to maximize future profitability and allow them to remain competitive. Download the white paper for a playbook to building a tech-enabled acquisition strategy for growth. Presented by LQ Digital Mortgage lenders loosened credit standards in May   Mortgage credit availability increased by 1.4% in May - a sign that volume hungry lenders continued to loosen credit standards in today's hot market, according to Thursday data from the Mortgage Bankers Association. Calling All Underwriters & Transaction Managers! We are looking for Underwriters & Transaction Managers to come join our team! Job openings are available across our offices in California, Florida, Georgia, Oregon, and Utah. Visit our Careers Page & Apply Today! Sponsored by Acra Lending Watchdog tells CFPB to get its fair lending house in order   A watchdog agency found that a reorganization of the CFPB gutted its fair lending office and halted the reporting of enforcement actions. HW+ Premium Content Judge rules for Zillow in REX antitrust lawsuit   A federal judge ruled this week against a discount brokerage that claimed an antitrust conspiracy between Zillow and the National Association of Realtors. Launching an Education Center for Brokers | ReadyPrice Powered by some of the most brilliant minds and thought leaders throughout the mortgage industry, the ReadyPrice Education Center is an added benefit to joining their free broker community and loan pricing platform. Join ReadyPrice Today! Sponsored by ReadyPrice FHFA to review exec compensation at Fannie & Freddie   For the first time in nearly a decade, the FHFA is taking a look at how its compensation measures up for executives at Fannie Mae and Freddie Mac. Homebuyers are growing weary of the housing market   Homebuyers are feeling pretty discouraged these days. Just 35% of consumers believe now is a good time to buy a house, according to Fannie Mae's latest survey. How a century-old bank is re-inventing itself for the digital age Community State Bank worried that electronic closings would negatively affect its storied history of personalized customer service. But when the pandemic struck, the bank was ready to embrace change. Read more now. Sponsored by DocMagic Best of the rest Built-to-rent suburbs are poised to spread across the U.S. [The Wall Street Journal] Home buyers, don't count on sellers to read the letters you write [Inquirer] Lumber executive sees further relief in sky-high prices, says delaying building projects makes sense [CNBC] HousingWire, 433 East Las Colinas Blvd., Suite 830, Irving, TX 75039, (469) 893-1480 Unsubscribe Manage preferences

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