Loan Think

The Libor transition is creating huge headaches for the industry; harnessing AI technologies may be the key to tackling it.

In too many places, identity verification and other vetting is still done manually, says Signicat's John Erik Setsaas.

For many borrowers who might have qualified for conventional financing before the pandemic, non-QM loans are the only path forward toward homeownership.

The pandemic has exacerbated delays and inefficiencies in loan manufacturing, while adding to security risks.

If mortgage lenders need to learn anything from the pandemic, it is relying on a single source for any service could disrupt their activities.

When the economy inevitably slides, leaders with a culture based on the mantra, "Treat people like family, and the money will take care of itself," won't need a miracle to survive.

With the onset of COVID and the reaction by the Federal Reserve Board and other agencies, market pressures have reduced credit availability significantly.

The bar to prove discriminatory patterns is so high that plaintiffs would have slim odds of winning lawsuits against housing providers.

Each state has a different set of laws that governs electronic notarization, and companies have varying interpretations, which can lead to delayed closings.

Congress should pass legislation that would allow Home Loan banks to backstop deposits by local governments at commercial banks and lower the cost of bond financing, two mayors argue.