My wife and I recently closed on our eighth (and hopefully last) home purchase. This purchase, combined with the places we’ve rented, brings our total address count to about fourteen in just thirty years. [...]
There was good news a few weeks ago for mortgage lenders. In late August 2015, the Mortgage Bankers Association reported that the all-in cost-to-close for mortgage loans decreased from $7,195 to $6,984, a [...]
Mortgage lending productivity decreased in 2014. With refinance subsiding and purchase loans taking over, credit unions are looking at ways to expand market share in order to see loan officer productivity (number of closed loans [...]
Credit union mortgage lending takes on many shapes. Every credit union has a unique set of processes, products and supporting technology, so what are the unifying factors that all mortgage lenders should watch to determine [...]
There are many ways to answer the question, “What does it cost a credit union to close a mortgage loan in 2013?” The quick answer is, “A lot more than it once did.” Those of [...]
Last month we introduced part one of vintage strategies with the idea of providing mortgage lenders five ideas for a successful new year. Part one provided the first two strategies. Part two presents the remaining [...]
Each year brings new opportunities for a fresh start. New resolutions. New goals. New tactics for success. Have you looked beyond your personal goals and thought about what new strategies you will establish this year [...]
by. Dan Green As we start the new year there's no disputing we've sung our last Auld Lang Syne for at least eleven months. But there's something about the song that bears thinking about. First [...]
Perhaps you’ve seen our recent article The Trickiest Shift. In it we talk about two important characteristics of the 2014 mortgage market. We are likely entering a long-term, rising rate environment, one that could [...]
A month has gone by since I posed the “dreaded question”: Where do homebuyers come from? Quick review. They come from three places: non-owner/non-renters (NONRs), renters and current homeowners. First-time homebuyers emerge from the [...]
By: Dan Green Mortgage industry ups and downs are nothing new, it being one of the more cyclical financial service segments. This makes it fascinating and interesting: mortgage companies require careful, thoughtful management in order [...]
It's not hyperbole to say every parent of children between the ages of three and six dread THE QUESTION. You know which question I am talking about. It's so anxiety provoking I can't even write [...]
Where I am from in the frozen northern Midwest, winter is always coming. Even in the middle of summer when temperatures are in the middle 90s and humidity is as high, Frosty the Snowman's seemingly [...]
Last week remarked one of life’s momentous occasions. They occur for everyone, and in everyone’s life there are those we never forget. Mine? My daughter and her husband became first-time homebuyers. "What’s [...]
By. Dan Green, EVP, Marketing, Mortgage Cadence The housing market is in recovery; most economists and many of us involved in the industry agree. Low rates are, perhaps, the biggest contributing factor. And they are [...]
