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What Do Borrowers Desire in the Mortgage Process?

03.27.2018

Ellie Mae, a cloud-based platform provider for the mortgage finance industry, released its second annual Borrower Insights Survey at the Ellie Mae Experience conference on Tuesday. This survey explores the preferences of over 3,000 U.S. homeowners and renters, indicating results that give insights on issues such as what is keeping renters out of the homeowner market and misconceptions around downpayment and FICO score requirements, as well as indicating borrower desire for security and ease of the mortgage process.

As lenders embrace digital mortgages, they can't forget human touch

03.21.2018

While the industry continues adopting digital mortgage methods, homebuyers expect to be able to apply for a mortgage and complete the application online, but still want human interaction, according to Ellie Mae's 2018 Borrower Insights Survey.

Senate reg relief bill opens new front in credit-scoring battle

03.14.2018

Among the several provisions in the regulatory relief bill, nearing passage in the Senate, is a new measure dealing with credit scores that some observers and stakeholders say is redundant.

Borrowers Get Comfortable with Digital Lending

03.07.2018

What does the Borrower want? To help lenders answer this all-important question, fintech company Fiserv conducted a study to gauge the expectations and experiences of borrowers while looking for a loan or managing their wealth.

How Could Mortgage Rate Upswings Impact Housing?

02.28.2018

Freddie Mac has released its February Insight report, which “looks into the effects of higher mortgage rates on home buyers, homeowners wishing to refinance, mortgage lenders, home builders and real estate agents.” For this latest Insight report, Freddie Mac economists have looked at how rising mortgage interest rates could impact the housing market, as well as what ripples past increases have caused.

Will Rising Mortgage Rates Ruin the Homebuying Season?

02.28.2018

Mortgage rates continued their upward climb this week, with 30 year fixed mortgages reaching their highest point since 2014 according to the Freddie Mac Primary Mortgage Market survey released on Thursday. The survey indicated that 30-year fixed mortgage averaged 4.40 during the week, up from 4.38 percent last week.

FHFA extends comment period on credit scoring changes

02.07.2018

The Federal Housing Finance Agency said Friday it will give commenters more time to weigh in on a potential update to the credit scoring requirements for Fannie Mae and Freddie Mac.

Among consumers managing debt, buying a home is a low priority

01.30.2018

Credit score damage is a chief regret among consumers, but among financial goals it impedes, buying a home lies further down the food chain than other priorities, according to Debt.com.

FHFA takes next step to changing credit scoring models, requests input

01.22.2018

The Federal Housing Finance Agency is asking interested parties to weigh in on its request for input on its possible change to its credit scoring models.

Credit score changes in mortgage market could increase homeownership opportunities

01.15.2018

The housing market could be on the verge of a shake-up, as well-established credit scoring requirements are being reevaluated by the Federal Housing Finance Agency (FHFA), potentially opening up the mortgage market to a greater number of aspiring homeowners.

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