New data reveals that fraud and forgery are becoming more common and more costly in refinance transactions, compared to purchase transactions
Tagged: Refinance
Originators today are adapting to a shift in the marketplace, where they not only cannot sit around waiting for the phone to ring, but must venture out and pursue prospective borrowers
A combination of the recent easing in mortgage rates that has begun to open the refinance window for many borrowers, and homeowners with record amounts of equity, are trends driving opportunities for borrowers to leverage refis and equity products
The plaintiff alleges that Swift Home Loans used trigger leads to bombard consumers with unsolicited texts and calls
About 1 in 5 mortgages have a 6% rate or higher
The Mr. Cooper acquisition is expected to close in the fourth quarter of 2025
Refinances rose to 26% of originations last month, though purchase activity is beginning typical seasonal decline
How LOs and brokers should prepare for possible changes
Originations climb 5% YoY in Q1 2025 thanks to 44% refi leap, while home equity market sees strongest growth in three years
Originators finding more opportunities in investor-driven and self-employed borrower segments