Mobile Mortgage Lending Insights
Several recent reports provide insight into how consumers are using their phones for financial services. Meanwhile, mobile applications are being designed for mortgages.
Mixed Reviews for TRID
Although residential loans take longer to close and cost more to process following the implementation of TRID, mortgage borrowers feel more informed about home financing.
Homeownership Varies by Age, Income, Race
The results of a survey published by the nation's central bank looks at homeownership variances by demographics.
Wells Fargo Debuts Low Down Payment Program
A new program from Wells Fargo & Co. promises to make it easier for prospective borrowers to apply and qualify for a low-down payment residential loan.
Decade High for Pending Home Sales
Following reports of surging new home sales and rising existing home sales last month, national pending home sales soared to the highest level in more than a decade.
Northeast Leads Jump in New Home Sales
The annual rate of the nation's new home sales increased last month, and it was the rate in the Northeast the led the month-over-month gain.
Homes Sales Up Again as Midwest Vibrant
Sales of the nation's pre-owned homes turned higher for the third month in a row. Sales and home prices in the Midwest are seeing the most improvement.
Completed Construction Slows on Multifamily
While issuance of building permits accelerated last month, the volume of completed housing units declined thanks to a tumble in multifamily construction.
Builders Far More Optimistic in West Than East
While there are far more homebuilders in the West who are optimistic than pessimistic, the numbers are reversed in the East.
2016 Mortgage Refinance Forecast Boosted $50 Bil
The overall outlook for this year's U.S. mortgage originations improved as forecasted refinance production increased by $50 billion.