While monthly principal, interest, and property tax obligations are up an average 15-17% since the beginning of 2020, the average monthly property insurance payment is up a staggering 52% over that same period.
Panelists at MBA's annual event agree GSEs have neglected to facilitate mandatory adoption of new credit scoring models, set to take effect in the fourth quarter of 2025.
New report by First American says home prices decreased by 3.1% between August and Sept. 2024
President of Lennar Mortgage, Laura Escobar, was sworn in yesterday, as were several new board members
The non-QM lender is positioning for a big 2025, expanding warehouse lines and access to investor capital
Regulations prohibiting kickbacks and steering are 'outdated,' argues MBA CEO Bob Broeksmit
While technology and digital capabilities in mortgage lending and servicing have grown, consumers' preference for human contact endures
