Author Archive

Steady Improvement as TRID Effects Wane

Lenders appear to be making headway in the TRID environment. With the busy spring market underway, this trend bodes well for the looming surge in seasonal volumes. The average time-to-close was unchanged from February at 43.3. To adjust for...

Private Mortgage Insurance

 Buying a home with a down payment of less than 20 percent can be expensive, but it just got cheaper for some home buyers. Many private mortgage insurers have dropped the rates they charge high quality borrower. Combined with...

Time to Normalize Fees

In the spring of 2015, the Federal Housing Administration (FHA) reduced its annual insurance premium. The move was controversial as the FHA was below its statutory capital ratio of 2.0 percent. However, the reduction in the MIP generated an...

March Marks Modest TRID Progress

Lenders appear to have stabilized the TRID impact and edged toward improvement, but substantive delays linger. With a busy spring market looming on the horizon, their efforts may pay dividends when higher volumes come. The average time-to-close as measured...

TRID: Hope on the Horizon

TRID has resulted in delays and cancellations of loans, but the majority of loans are being closed on time according to lenders who took part in NAR’s 9th Survey of Mortgage Originators. While originators were advising clients for longer...