SoFi says ‘so what?’ to traditional mortgage lending

In 2014, Dr. Sekuleo Gathers was in the market to buy a home. The New York emergency medicine physician was in a good financial position to buy, but he encountered unexpected obstacles in applying for a mortgage loan …

World Economic Forum report: Lenders are having ‘Uber moment’

Twenty years ago, if you wanted to take a vacation, you visited a travel agent to explore your options and make your arrangements. But when websites like Expedia and Travelocity made those services available at the click of a mouse on a computer in the comfort of your own home, the travel industry was forever changed. That’s the crossroads currently facing banks and other stalwarts of the financial services industry …

6 vital questions to ask your lender

Listing agents often ask me how to vet the buyer and his or her lender, so I put together a short list of questions I would recommend asking the lender when you receive an offer …

Mortgage and refi activity drop

Both mortgage applications and refinance activity decreased about five percent last week, likely due to rising interest rates, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey …

Average US home price nudges up to $248,000

Home prices are up modestly this spring, according to the latest housing market data released by Black Knight Financial Services Inc. The mortgage industry technology, data and analytics provider released its Home Price Index (HPI) for April this week….

Pending home sales hit 9-year high

Home sales are off to their best year since before the financial collapse, according to the National Association of Realtors. According to the association’s Pending Home Sales Index (PHSI), a predictor of housing market activity based on contract signings, contract activity rose again in May for the fifth straight month and is at its highest level since April …

Do mortgage loan servicers need stricter regulatory oversight?

As a result of the 2008 financial crisis and the resulting increase in the number of delinquent mortgage loan borrowers, investors are calling for stricter operational, capital and liquidity requirements from the companies that service loans, according…

Occupancy fraud poses a threat to mortgage lenders, real estate agents and buyers alike

Thanks to relatively stable market conditions and low mortgage rates, some financially fortunate and savvy homebuyers may be going shopping for second and third properties — and while that may be good news for both buyers and the real estate industry, the bad news is that certain types of related mortgage fraud are also on the rise …

Occupancy fraud poses threat to mortgage lenders, real estate agents and buyers alike

Thanks to relatively stable market conditions and low mortgage rates, some financially fortunate and savvy homebuyers may be going shopping for second and third properties — and while that may be good news for both buyers and the real estate industry, the bad news is that certain types of related mortgage fraud are also on the rise …

5 reasons to love the apartment glut

Drive by any commuter route or transit hub in any major metro today and chances are you’ll see forests of construction cranes building apartments. America is in the middle of the biggest apartment construction boom in 25 years — a boom so big that it …