Mortgage Underwriting

August 19, 2022

Higher Interest Rates Led to Wider Mortgage Credit Box

Rising interest rates and higher home prices erode home buyer affordability as fewer buyers can afford higher home mortgage costs. As a result, the diminishing demand from borrowers may lead to expansion of mortgage credit availability and mortgage risk as more borrowers are considered who may ha...

June 1, 2022

Share of Non-Qualified Mortgages Increases in 2022, According to Co...

Non qualified mortgage loans have helped creditworthy borrowers who cannot otherwise qualify for traditional mortgage loan programs.

April 29, 2022

Is the Adjustable-Rate Mortgage Making a Comeback?

Between December 2020 and March 2022 the average mortgage rate on 30-year, fixed-rate mortgages jumped up by 149 basis points or 1.49%, whereas rates on 5/1 adjustable-rate mortgages increased by only 40 basis points for the same period. This increase in mortgage rate on FRM is incentivizing buye...

January 31, 2022

Jumbo Mortgages Reach Highest Dollar Volume Since 2005

In terms of both dollars and market share, jumbo mortgage originations grew significantly in 2021 relative to the prior year.

January 13, 2022

Borrower Cost of Jumbo Loans Declines Compared to Last Year

Historically, large-balance mortgage loans, known as ‘jumbo’ loans, have had a higher interest rate than conforming loans.[1] However, since mid-2013, the interest rate for a jumbo loan was lower than a conforming loan until June 2020.

December 8, 2021

Conventional Mortgage Lending in Underserved Areas Dropped During t...

Conventional Mortgage Lending in Underserved Areas Dropped During the Early Months of Pandemic

November 11, 2021

How Do Technology Innovations Play a Role in Closing the Affordable...

In the final episode of this season, we’re going to talk about how technology like artificial intelligence, machine learning and more are paving the way for the future of mortgage underwriting—and can move the needle meaningfully in closing the Affordable Lending Gap.

October 27, 2021

How Are Existing Programs Addressing the Affordable Lending Gap?

Between greater financial literacy education and awareness and existing down payment assistance programs, there are many solutions today to restore trust in the U.S. homeownership system and identify new opportunities to create responsible yet affordable mortgage financing.

October 12, 2021

What Prevents Access to Affordable Mortgage Loans?

Hi! I’m Pete Carroll, executive of public policy at CoreLogic and today, I’m going to talk about what’s impeding access to affordable and responsible mortgage loans.

September 29, 2021

What Do We Mean by the Trust Gap?

There is a long, well-documented history of housing discrimination in the U.S., particularly as it pertains to U.S. Housing Policy.

September 16, 2021

What Other Challenges Exacerbate the Affordable Housing Crisis?

In this new season, we'll review homeowner “demand” challenges, including restoring trust in the U.S. homeownership system and identifying new opportunities to create responsible, yet affordable mortgage financing. Header image: Attached

October 11, 2018

Debt-to-Income Is the Number One Reason for Denied Mortgage Applica...

Debt-to-Income ratio has risen over the last few years Whether you are a first-time or seasoned homebuyer, with the joy and excitement of buying a home also generally comes the task of obtaining mortgage finance. However, every year, the dream of becoming a first-time homeowner or trading up may ...