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WEBThe MortgagePoint Advantage. Our vision stretches beyond the horizon of today’s market trends. We aim to set the standard for the future, envisioning as the indispensable hub for mortgage professionals nationwide. We see a future where every decision in the industry is informed, every professional is connected, and every challenge is met with ...
Welcome - The MortgagePoint
WEBWelcome to MortgagePoint! In our continuous effort to provide comprehensive and timely information, we've combined the strengths of DS News and MReport into one unified platform - MortgagePoint. This new platform offers a 360-degree view of the mortgage industry, including insights on loan origination, default servicing, and more.You will be redirected to MortgagePoint, where you
Fed Cuts Interest Rate by a Half-Point - The MortgagePoint
WEB2 days ago · The rate cut of a full half-point to a new range of 4.75% to 5.0% was announced by Federal Reserve Chair Jerome H. Powell at the conclusion of today’s Federal Open Market Committee (FOMC) meeting. The move by Powell is in response to the fight against inflation, after the Fed kept rates at a an all-time 23-year high for more than a year.
Ranking the Fastest and Slowest Selling Housing Markets
WEB12 hours ago · On the slower end of the spectrum, Miami, Florida tops the list with homes staying on the market for an average of 84 days, up from 75 days last year. Homes in Miami are selling for 5.2% below asking price, with a 94.8% sale-to-list ratio. High property prices and living costs are slowing the market. Other slow-moving markets include New ...
Homebuyers Experience ‘Frustration’ During Mortgage Process
WEB6 hours ago · Renters earning the typical household income devoted 25.1% of their income to lease a typical for-rent home (vs. 25.9% in August 2023). As renting continues to be more affordable than buying in all major U.S metros, buying a typical starter home with 0-2 bedrooms in August 2024 required a devoted 38.5%* of a typical household income.
Survey Reveals Opportunities for Expanding Digital Verification Tools
WEBAugust 12, 2024. As the mortgage industry increasingly embraces technology to streamline the homebuying process, a recent survey reveals a significant opportunity for broader adoption of digital verification tools. Despite the efficiency and simplicity these tools offer, many homebuyers remain unaware or hesitant to use them, indicating a need ...
Customer Satisfaction With Mortgage Servicers Improves
WEBJul 25, 2024 · Key Findings of the 2024 Study: Controlling costs still a challenge: Self-service is key to keeping costs down.Although satisfaction with the look and feel of mortgage servicer websites and apps improves this year, borrowers say the phone is still the most likely customer service channel to drive a successful outcome and 29% of borrowers still considered this the easiest channel to use.
Introducing MortgagePoint: The Hub of Mortgage Industry …
WEBJan 17, 2024 · Introducing MortgagePoint - Born out of the merger between DS News and MReport, MortgagePoint is a new platform that will transform how we report on the mortgage industry. Both DS News and MReport have left indelible marks on the industry. DS News, born amidst the turmoil of the 2008 financial crisis, became the industry's touchstone for navigating the complex terrain of default mortgage ...
About Us - The MortgagePoint
WEBOur Mission. At MortgagePoint, we aim to empower mortgage professionals to make informed decisions and drive the industry forward. We strive to provide timely, accurate, and crucial information, fostering an environment of knowledge sharing that …
Home Sales Remain Sluggish Despite Descending Mortgage Rates
WEBSep 2, 2024 · The median monthly mortgage payment was $2,568 at a 6.46% mortgage rate, representing a -0.4% YoY change. This is the lowest level recorded since February, an estimated $258 below all-time high set during the 4 weeks ending April 28. Pending sales were 79,279, representing a -6.9% YoY change, the biggest decline since October 2023.
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