Loans that are coming to the PLS market now were originated back in November and December, when coupons were quite a bit lower than market coupons today. A 'reset' to a more normal market is coming, and soon.
For too long, a reverse mortgage has been seen as a last resort for people in desperate straits. At Reverse Mortgage Funding LLC, we know that when used thoughtfully, it can be a sophisticated part of a financial plan. That's why we're working to change the way people think about reverse mortgages.
Loans are exiting forbearance by the millions. The primary objective for servicers today is to maximize resources, dedicate and make sure they are helping the customers work through their home retention options.
The average lender overlooks 1 in 3 signals that a past borrower is ready for a new loan — and retains just 18% of those customers as a result. Learn how your peers turned those numbers around to achieve customer retention rates averaging 59%.
Acra Lending provides adaptable programs to meet the needs of your customers. Programs like our Investor Cash Flow, Bank Statements, and Foreign National are just a few of our top choices for helping your borrowers qualify for a loan. For details, visit acralending.com
The Federal Reserve raising short-term rates and signaling nine further increases over the next two years means mortgage rates should continue to rise for the foreseeable future.
DocVu.AI brings together AI tech and mortgage expertise to document processing. DocVu.AI increases efficiency and enhances the accuracy of document processing to 99.5%, improving your compliance and scalability with the same resources. Read more!
If you've ever been interested in learning more about reverse mortgages and how they may be able to become folded into your existing mortgage business, register to join the experts on March 23rd to learn how. Register today!
The number of single-family homes under construction increased to the highest level since 2006, but supply-side headwinds are slowing the housing starts momentum.
A shareholder lawsuit accuses top loanDepot executives and board members of making misleading statements and omitting key information in connection with the lender's IPO.
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