Author: Michael Gersitz

Lots of young homebuyers seek financial help when securing their dream homes.  In fact, according to a recent study, more than half of prospective homeowners under age 35 expect to get help from family or friends. And of those who

Credit plays a huge role in the home-buying process. It also affects the interest rate you receive on your loan, as well as the long-term costs of borrowing the money. So if you have a low credit score or no credit

As one of the largest correspondent investors in the country, AmeriHome is focused on being a consistent, reliable partner to its clients. In the COVID-19 era, that means AmeriHome has spent even more time listening to what clients need and

Technology plays a crucial role in servicers’ ability of servicers to support their borrowers in this challenging time. Whether borrowers are experiencing COVID-related financial hardships and need forbearance or are looking for refinance opportunities amid record low rates, Sagent’s technology

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First American Financial Corp. announced Monday an agreement to acquire subservicer ServiceMac, which it anticipates closing at the end of 2021. First American Financial, which provides title insurance, settlement services and risk solutions for real estate transactions, has acquired a

HousingWire recently spoke with MCS CEO Caroline Reeves about self-service technology, the shift to virtual events and how servicers can prepare for post-COVID success by improving processes today.    HousingWire: What role has technology played in servicers’ ability to react

The U.S. forbearance rate measuring the share of mortgages with suspended payments fell slightly to 5.9% last week, according to the Mortgage Bankers Association. Though the rate fell 2 basis points, the decline has begun to slow after two weeks of what MBA’s

The one economic sector that has blown away my estimates this year has been the new home sales market. I predicted peak year-to-date growth of 4.7% but this was before COVID-19, which temporarily crushed bond yields and mortgage rates. This

When it comes to common pain points lenders are seeing in the second half of 2020, handling high loan volumes continues to loom large. Of course, it’s a good problem to have, but difficult to navigate in terms of scalable

On Monday, Townstone Financial Inc., a Chicago-based nonbank retail mortgage lender, filed a motion to dismiss a lawsuit the Consumer Financial Protection Bureau filed against the company in July. The July 15 complaint alleged that Townstone violated the Equal Credit

Many Americans continue to experience economic hardships as a result of the COVID-19 pandemic. According to an October 5, 2020, Mortgage Bankers Association (MBA) estimate, 3.4 million homeowners are on a forbearance plan and more than 70% of those loans