Challenging Times For America’s Lending Community

Challenges for America's Lending Community

Despite a booming economy, strong consumer confidence and record-breaking stock market, America’s lending community finds itself confronting a wide range of real—and potential—challenges.

The issues facing lenders nationwide present an environment that requires nimble business skills and the ability to adopt to an ever-evolving marketplace.

Near the top of the list of challenges confronting lenders is—not surprisingly—a wide array of both state and local regulations, and the related expenses of ensuring compliance with all of them. Time and again, industry experts point to what they believe to be ‘over-regulation’ as a significant contributing factor to the expense of servicing a home loan. Continue reading “Challenging Times For America’s Lending Community”

Rising Number of Mortgage Applications Signals Housing Recovery

Increase in Mortgage Applications 2017

An increase in the number of mortgage applications means that the housing crisis that played such a major role as both a cause—and effect—of the Great Recession continues to fade into the nation’s rearview mirror.

Even rising interest rates have not, as yet, kept many potential homebuyers from considering a home purchase; as an example, mortgage applications increased almost 1.5 percent in the final week in June. Continue reading “Rising Number of Mortgage Applications Signals Housing Recovery”