Mortgage applications

Virus scare creates perfect storm for mortgage lenders


Refinancing activity is surging, existing borrowers are inquiring about loan modifications, loan closings are being delayed by more complex credit checks — and banks are short on people to handle it all.


Refinance mortgage applications reach highest level since 2013


Refinance application activity last week was the highest in nearly seven years, with more than triple the volume from one year ago, according to the Mortgage Bankers Association.


Mike Cagney's new firm says it's giving banks 'a compelling reason' to use blockchain


The SoFi co-founder said Figure Technologies is working with national banks to employ its distributed ledger tech for loan originations.


Two fintechs broaden banking ambitions


Wealthfront will add third-party mortgages to its investing platform, while Varo Money says robo advice and mortgages are in its long-term plans.


Bankers welcome rush of refis, but it's no cure-all


With long-term interest rates at historic lows, mortgage refinancing is coming on strong. But that additional revenue may not be enough to offset net interest margin pressures and lost servicing income.


The key to rightsizing regulation


Regulators could collaborate on a superagency to streamline laws.


CFPB fines Freedom Mortgage $1.75M for HMDA violations


The company intentionally submitted inaccurate borrower information overstating the number of white applicants, the consumer bureau alleges in a consent order.


CFPB turns its reg relief focus to HMDA


The Consumer Financial Protection Bureau proposed steps to ease Home Mortgage Disclosure Act requirements, just days after announcing it was retiring a platform to let users analyze raw mortgage data.


Can blockchain cut down closing costs?


Provenance Blockchain, recently spun off from Mike Cagney's Figure Technologies, says it can help lenders trim 70% of mortgage settlement expenses through speedier processing and paperwork reduction.


Michigan bank expands mortgage operations with asset purchase


University Bancorp gained a number of offices from Huron Valley Financial. It also hired lenders and staff with experience in reverse mortgages and wholesale lending.