Vaultedge Newsletter

By Vaultedge Marketing

We write about the future of mortgages, real estate and automation.

We write about the future of mortgages, real estate and automation.

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Vaultedge Newsletter - Fear and loathing in the mortgage world

So, the MBA's Secondary & Capital Markets Conference & Expo 2022 ended on May 18th in New York. Bob Broeksmit, the MBA’s president/CEO, told lenders that the mortgage boom of the past two years is done, and now lenders need to be ready to handle small…


Vaultedge Newsletter - Soaring inflation; anxiety sets in amongst lenders

Rates are rising every day. Along, with refinances that never seem to keep their head up. Inventory is contracting. Application fallouts are deteriorating. Sounds like the apocalypse is nearby. Almost every lender’s stock price is near all-time lows, making l…


Vaultedge Newsletter - The highs and lows of the week

Intercontinental Exchange (ICE), the company that bought Ellie Mae and rechristened it to ICE Mortgage Technology is all set to acquire Black Knight for $13.1 billion. The purchase still needs consent from Black Knight stockholders and government regulators. …


Vaultedge Newsletter - Multifamily Mortgage Debt Jumps to Record High in Q4

MBA got back with its recent survey on how multifamily mortgage debt grew by $42.1 billion, the highest ever to be recorded in Q 4. The level of commercial/multifamily mortgage debt outstanding during the final three months of 2021 was $287 billion (7.4 perce…


Vaultedge Newsletter - Purchase mortgage rates highest ever !

The news that woke me up from my sleep today (without my daily dose of caffeine) was about the purchase mortgage rates that have hit the 5.11% mark. This is the highest ever in the past 12 years. And experts have predicted that the rates aren’t going to drop …


Vaultedge Newsletter - What a week it was!

“The digital future is drawing closer”, that’s how the MBA Tech conference and Expo 2022 began in Las Vegas this week with MBA Chair-Elect Matt Rocco’s opening speech. Rocco recalled how the days were filled with uncertainty the past two years owing to the pa…


Vaultedge newsletter - We are going to Vegas!

Dear friends, colleagues, and customers,“There’s a way to do it better-find it.”                                                          -Thomas Edison (Inventor)We found a way to do something better, easier, and with 99% accuracy! No, we didn’t find a cure …


Vaultedge Newsletter: Wrapping up March - Women's History Month

Dear friends, colleagues and customers,The month of March was celebrated as Women's History Month. A month to commemorate the contributions made by women in society and its various aspects. When we started Vaultedge, we did it to make a dent on the universe. …


Vaultedge newsletter - Issue #32

Dear Friends, Colleagues & Clients:Hope you all had a great Labor Day weekend. Do you know that US is probably the only country that celebrates labor day in September. In most countries it is celebrated on 1st May. Growing up in India, that meant no extra…


Vaultedge newsletter - UWM to accept bitcoin. Makes sense or is it just vanity?

Dear Friends, Colleagues & Customers:Do you think any of your borrowers would fancy paying their mortgage payments in bitcoin? United Wholesale Mortgage seems to think so. UWM announced plans to accept crypto currency for home loans. They said that they w…


Vaultedge newsletter - Findings from the largest survey of borrowers

On the Originations side, CFPB and FHFA published updated loan-level data for public use collected through the National Survey of Mortgage Originations (NSMO). The data provide insights into borrowers' experiences obtaining residential mortgages. While the da…


Vaultedge newsletter - Foreclosure moratorium ended. What now?

Dear Friends, Colleagues & Customers:In the previous weeks, we wrote about the foreclosure moratorium imposed by the federal government coming to an end. Well, the moratorium officially ended on 31st July. So what next?An estimated 1.75 million homeowners…


Vaultedge newsletter - Beautiful Data Visualizations

Dear Friends, Colleagues & Customers:I am a big sucker for Data Visualizations (DV). We all have dabbled with graphs/ charts in our school and at work and they are of course one form of DV. But modern software and techniques now enable to do lot more than…


Vaultedge newsletter - Good week for the mortgage industry

Dear Friends, Colleagues & Customers:Let us start this newsletter with some good news. Fannie Mae and Freddie Mac announced that they will be dropping the mortgage refinance fee, lowering costs for borrowers. They were charging lenders a 50 basis-point fe…


Vaultedge newsletter - Is AI bound by mortgage regulations?

Dear Friends, Colleagues & Customers:Last week MBA sent an interesting letter to several federal regulatory agencies including CFPB to clarify how existing fair lending and the Equal Credit Opportunity Act adverse action notification requirements apply to…


Vaultedge newsletter: How BSI Financial automated loan/MSR boarding

Dear Friends, Colleagues & Customers:First of all, Happy Independence Day. Last year it was a subdued affair. Now with about 150 Mn Americans vaccinated, the holiday looks more like it used to: fireworks, family gatherings, barbecues and more. Hope you al…


Vaultedge newsletter - Happy Father's Day.

We were driving our kids to the doctor earlier this morning and my wife asked our 10 year old twin boys if they wished me on Father's day. Both of them responded in chorus but with zero sincerity, Happy Father's Day. I thought I will try my luck and asked - …


Memorial Day trivia

In one memorable scene from 'A Few Good Men':Lt. Sam Weinberg (played by Kevin Pollak) asks: Why do you like them so much? To which,Lieutenant Commander JoAnne Galloway (played by Demi Moore) replies: Because they stand on a wall, and say "Nothing is going to…


Rocket employees heading back to the office

Dear Friends, Colleagues and Customers:The best news I read all week is that Rocket Companies Inc.'s employees in Detroit will begin returning to work downtown starting June 7. Rocket employees 19,000 people in Detroit and they are being very smart about brin…


Retail origination profits back to pre-2020 normal

Mortgage industry had its best year in 2020, both in terms of volumes and profits. As per MBA performance report, retail lenders on average earned 155 bps in profits (as % of production volume) in 2020. Compared to this, the average profit for the previous fo…