…as we share insights beyond private mortgage insurance and look at industry trends, housing market opportunities and ways to support your success by helping more borrowers achieve the dream of homeownership.
Our mortgage industry blog, MGIC Connects, is where experts share their insights beyond private mortgage insurance to help readers learn about mortgage finance, housing trends, real estate news and social media in the mortgage industry.
Currently, within companies, trade publications and the halls of government in Washington, D.C., a lot of attention is being paid to current expected credit loss (CECL), a new accounting standard. There are armies of accountants and analysts just waiting to help you adapt to CECL, and numerous trade associations are lobbying to push back the standard. So, what does this mean?read more
The residential mortgage finance industry converged in Washington, D.C., Oct. 14-17, for the Mortgage Bankers Association Annual Convention & Expo. In contrast with last year, the good news is lenders appeared more prepared for a purchase market. The bad news is…read more
There are 4 facts about credit scores loan officers need to know, because in the mortgage finance industry we sometimes hear the following from borrowers:
“Are all credit scores the same?” or perhaps more often, “Why aren’t all credit scores the same?” There can be several answers to these questions.
Getting started with social media in the mortgage industry can be daunting. You clearly see the value in social media, but you’re not clear on the best way of getting started with social media in your industry. Here are some of the easiest and best social media tips I have on how you can get started.read more
Fannie Mae, Freddie Mac and Mortgage Bankers Association (MBA) forecasts predict 2019 total origination volume will be comparable to this year, with a modest drop in refinance share counter-balanced by another year of increased home sales and housing starts.read more
When is 15 greater than 20? It sounds like a riddle, but the answer is no joke. Media stories perpetuate the utterly false mortgage myth that you need to put 20% down when buying a home.read more
Nearly 9 years into the US economic expansion, job growth picked up in the first third of 2018 relative to the last two years. At the same time, tax reform and increases in government spending made bond and equity markets nervous about the prospect of faster than expected inflation.read more
More than 1,500 attendees congregated in New York last week for the Mortgage Bankers Association (MBA) National Secondary Market Conference. The busy agenda included presentations about whole loans, the economic outlook and the need for digital mortgages. Here are your top 10 takeaways.read more
What is the biggest influence in keeping your loan officers on the job in your office? Although compensation and benefits are important, there is another way you can retain your loan officers: provide them with operational and marketing support.read more
As we move into a purchase-centric housing market and Millennials decide it’s time to move into their own homes, affordable housing tools to increase referral business rise to the top of industry conversations.read more