NMP - April 2017 - 15

capital while maintaining the right
regulatory balance. All the
technology you developed is
providing critical services to the
lending industry and consumers.
Your hard work should not go by
the wayside."
Lopez also pointed to the techsavvy Millennials and their
increased presence in the
homebuying market as proof that
mortgage bankers need to stay
ahead of the high-tech curve.
With technology catering to a
consumers' individual
preferences, companies such as
United Wholesale Mortgage
(UWM) recently launched BLINK,
a new all-digital loan portal that
modernizes the way mortgage
brokers work with consumers and
strengthens their ability to
compete against mega retail
lenders in the market.
"As this new generation enters
the marketplace, we realize that
each consumer has different
needs in the home-buying
process, depending on their
experience and their
background," he stated. "This
calls for differentiated,
customized approaches to the
overall lending process."

continue to face a number of
challenges, including rising
material prices, higher mortgage
rates, and shortages of lots and
labor."
Foreclosure Activity
Hits 11-Year Low

February's foreclosure activity

was the lowest recorded since
November 2005, according to
ATTOM Data Solutions. Last
month also marked the 17th
consecutive month when
foreclosure activity declined on a
year-over-year basis.
However, foreclosure starts in
February increased seven
percent from January to
February. And foreclosure starts
increased on a year-over-year
basis in 15 states and the District
of Columbia, with the greatest
increased in Alabama (up 40
percent), Texas (up 26 percent)
and New Jersey (up 24 percent).

But foreclosure starts were also
down 13 percent from a year
ago-the 20th consecutive month
with a year-over-year decrease in
foreclosure starts.
Furthermore, bank
repossessions (REO) in February
decreased seven percent from the
previous month and were down 18
percent from a year ago. Yet 15
states and the District of Columbia
posted a year-over-year increase
in REOs, most notably
Massachusetts (up 117 percent)
and Delaware (up 90 percent).
continued on page 16

Home Builder Confidence
Hits 12-Year Peak
15

NationalMortgageProfessional.com

n National Mortgage Professional Magazine n APRIL 2017

Builder confidence in the market for
newly-built single-family homes
reached its highest reading since
June 2005, according to the latest
National Association of Home
Builders (NAHB)/Wells Fargo
Housing Market Index (HMI) report.
The latest HMI data saw a sixpoint jump to a 71 level. All three
HMI components posted robust
gains this month: the component
gauging current sales conditions
rose seven points to 78, the index
charting sales expectations in the
next six months saw a five-point
rise to 78 and the component
measuring buyer traffic jumped
eight points to 54. On a regional
level, the Midwest HMI increased
three points to 68 and the South
HMI inched up by one point to 68.
However, the West HMI dropped
three points to 76 and the
Northeast HMI dipped by one point
to 48.
"While builders are clearly
confident, we expect some
moderation in the index moving
forward," said NAHB Chief
Economist Robert Dietz. "Builders


http://www.NationalMortgageProfessional.com http://www.remnwholesale.com

Table of Contents for the Digital Edition of NMP - April 2017

Contents
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NMP - April 2017 - 1
NMP - April 2017 - Contents
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