Mortgage apps fall as higher-end market takes off

Mortgage applications fell 0.6% for the week ending Dec. 17, with fewer borrowers looking for purchases in the lower end of the market, according to the Mortgage Bankers Association (MBA) survey published on Wednesday. The decrease was driven by the purchases index falling 3.3% from the previous week on a seasonally adjusted

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Private-label RMBS market has cause to celebrate

As 2021 draws to a close, it’s clear that the private-label residential mortgage-backed securities (RMBS) market has notched a year for the record books. For the full year, the RMBS 2.0 market — defined as all post-financial-crisis prime, non-prime and credit-risk transfer (CRT) transactions — is projected to exceed $115

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Automation helps lenders respond to rising mortgage rates

Higher inflation, post-pandemic economic recovery and a reduction in Federal Reserve stimulus incentives are key economic factors expected to put upward pressure on interest rates as we move into 2022 — increasing the already stiff competition among mortgage lenders. Furthermore, a more competitive mortgage lending environment will only magnify the

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Anxiety grips LOs as layoffs sweep the industry

If you take the temperature of how loan officers are feeling ahead of the holiday season, the scale would likely read “uneasy.” They have good reason to feel anxious. Numerous shops, including Better.com, Interfirst Mortgage, and Freedom Mortgage have announced layoffs in the past few weeks, and some LOs worry

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Back to the Future of Mortgage

Hosted by Mortgage Cadence This webinar will be a discussion on understanding what’s to come over the next few years in mortgage lending by analyzing past trends in the industry, evolving consumer behaviors and demographics of the industry’s production capacity.  In addition, insight on how mortgage tech investments will be

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