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News
Lenders see robust jumbo market despite tightening credit
2+ day, 22+ hour ago (804+ words) Jumbo lending credit retreated last month, pulling down overall availability of a leading home loan product index, according to the newest report from the Mortgage Bankers Association. On the ground, though, some lenders find certain large-balance transactions proceeding as usual,…...
Rate war intensifies as lenders chase rivals' customers
6+ day, 7+ hour ago (371+ words) Lenders are cutting rates to poach rivals' customers as property values fall, even as fresh signals point to a possible RBA hike this month. Canstar data insights director Sally Tindall (pictured) said the discounting reflects a broader shift in how…...
Mortgage brokers split on interest rate message - REMI Network
1+ week, 4+ day ago (339+ words) Mortgage brokers split on interest rate message reminetwork.com Steady holding of the Bank of Canada’s overnight lending rate elicits differing responses from mortgage brokers associations in Ontario and British Columbia. Bank of Canada Governor Tiff Macklem has confirmed the…...
Mortgage competition is costing lenders $1b a day
1+ week, 5+ day ago (73+ words) AFR Mortgage borrowers are switching $1 billion across lenders every day around the country, forcing banks to fight over a shrinking pie and sharpen their efforts to retain existing customers. Around 664,000 home loan customers holding $371 billion of mortgage balances shifted lenders…...
$11,898 Cost per Loan Highlights the Staffing Problem in Mortgage
4+ week, 2+ day ago (1199+ words) The piece frames $11,898 as a symptom of personnel-heavy workflows, duplicative systems and manual underwriting. It proposes a loan officer engineer role that documents guideline-based decisions, so AI agents can apply them consistently across similar files. AI Summary Start with a…...
Low rates are gone for good.
3+ week, 1+ day ago (11+ words) The Greatest News Site On The Internet. Home of CFP Nation....
Major lenders lead repricing this week: Moneyfacts
3+ week, 3+ day ago (576+ words) Mortgage rates edged a little bit lower this week as several lenders made a series of selective rate cuts targeting certain borrowers. A total of 19 lenders made changes this week, with 11 making net rate cuts, one made net rate increases…...