…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.
The U.S. economy is chugging along at a moderate pace. Monitoring near-term forecasts of key national housing and economic indicators such as those from Fannie Mae, Freddie Mac, and the Mortgage Bankers Association (MBA) is important in identifying potential changes in the economy and mortgage market trends.read more
The mortgage industry is being shaken up with an overhaul to the Uniform Residential Loan Application (ULRA also known as a 1003) in 2018. Those who have been in the mortgage industry awhile know changes have been a long time coming. Here’s what you need to know right now.read more
With more loan officers working remote than ever before, the home office has become an important part of many mortgage professionals’ business strategy. However, working from home isn’t necessarily for everyone. Discover the pros and cons of working remote.read more
Recently the Consumer Financial Protection Bureau (CFPB) invited comment on its plans to assess its Ability to Repay/Qualified Mortgage (QM) rule. Here’s our take on this important topic.read more
Financial advisors are perhaps the most overlooked referral source for loan officers in today’s mortgage market. Collaboration with key referral partners is an excellent way to build business growth with trusted individuals.read more
From housing finance reform to the latest economic projections, here’s a look at the insights from last week’s Mortgage Bankers Association National Secondary Market Conference in New York from a mortgage professional’s point of view.read more
As mortgage professionals, we must let consumers know – especially those looking to buy their first home – that waiting to save up 20% is not the only option, and they may be better off buying a home today with a smaller down payment rather than waiting.read more
Customer experience success is a way of doing business –always focusing on how your customers perceive you and how well you are meeting their needs at every touchpoint. Here are 5 Customer Experience (CX) truths I’ve learned after a few decades in the workplace.read more
Mortgage fraud has been steadily increasing since 2010 and in Q2 of 2016, 12,718 mortgage applications were estimated to have indications of mortgage fraud. Discover what you need to know about the evolution of today’s mortgage fraud and how to protect you and your borrowers.read more
The IRS is investing significant time and money to reduce tax refund fraud – but realistically, it won’t be eliminated anytime soon. But informed tax payers can help reduce their own risk of becoming victims of fraud. Here are a few ways you can help your borrowers avoid tax fraud this year.read more