repositories-transunion-equifax-experian-reporting-civil-judgment-tax-liens-gavel
Mortgage Industry Trends

Repositories To Change Credit Reporting Policy

Are you aware that on July 1st, the three (3) credit repositories, Equifax, Experian and TransUnion, are going to stop most of the reporting of information on consumer’s civil judgments and tax liens? Yup, that’s their plan and they’re stickin’ to it. Since this information has a negative impact on the consumer’s credit profile, removal will have the effect of an…

Continue Reading

apped-out-loan-originators-replaced-Market-place-lending
Mortgage Industry Trends

Will Marketplace Lending “App Out” the Loan Originator?

While Banks and non-bank mortgage lenders battle it out to capture a larger slice of a shrinking pie, Marketplace Lenders have appeared on the mortgage lending scene to upset the pie chart. What effects will such lenders have on the future of mortgage lending, and how it gets done? What is a “Marketplace Lender”? Presently, these are non-bank lenders offering…

Continue Reading

loan-quality-home-equity-cash-out-money-house
Mortgage Industry Trends

Home Equity and Cash-Out Refi’s On The Rise

It looks as though home refinancing may be down, but not yet out. Although overall home refinancing has declined, lenders are beginning to see a slight resurgence in requests for cash out refinances. This is due to the increase in home equity, the continued low-interest rates and an increase in consumer debt. Current homeowners see an opportunity to trade high-interest…

Continue Reading

mixed-signals-messages-consumer-confidence-red-light-green-light
Mortgage Industry Trends

Consumer Confidence Index Sends Mixed Signals

The Consumer Confidence Index, as measured and reported by the Conference Board of New York, slipped slightly in January after hitting a record high in December. This may be somewhat due to consumers settling in after the November elections. Although the Expectations Index fell to 99.8 from 106.4, the Present Situation Index actually increased to 129.7 from 123.5. So, it…

Continue Reading