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Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed mortgage rates easing further for the second consecutive week helping to increase homebuyer affordability at the onset of the spring home buying season. For the week ending April 17, the...Read More
Southern California home sales quickened last month compared with February, as they normally do, but remained far below average and at the lowest level for a March in six years. The median sale price rose to a more-than-six-year high, driven up by demand that continues to exceed supply in many...Read More
For Sale/Credit: Stockbyte
Mortgage applications increased 4.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 11, 2014. The Market Composite Index, a measure of mortgage loan application volume, increased 4.3...Read More
For Sale Sign/Copyright: Getty Images/Credit: Hemera Technologies
Provisions in the comprehensive housing finance reform bill introduced by U.S. Sens. Tim Johnson and Mike Crapo will modestly dampen prices of multifamily properties and increase refinance risk, according to a new report by Moody’s Investors Service, Proposed Housing Finance Reform Will Be A...Read More
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Led by a six percent rise in single-family starts, nationwide housing production rose 2.8 percent above an upwardly revised February rate of 920,000 to a seasonally adjusted annual rate of 946,000 units in March, according to newly released figures from the U.S. Department of Housing & Urban...Read More
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Question: We are an FHA-approved lender with several branch officers. At one of our branches, a loan officer has an assistant, who is not licensed, but helps him close loans. The loan officer pays his assistant directly from his own compensation. Is this arrangement permissible? Answer: ...Read More
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Post-financial crisis regulatory changes have impacted the financial services industry in various and significant ways. But perhaps the sectors most affected are those that are consumer facing. Mortgage originators and servicers took much of the blame during the financial crisis as loan defaults...Read More
Loan originators who have a trust relationship with prospects have an easier sale. When a client knows you and trusts you, their decision becomes about which loan to select, not whether to have you do the loan. When you know your clients, you face less rate shopping and less comparison to other...Read More
Compliance_Pic/Credit: Phil Ashley
As the third anniversary of the Wall Street Reform and Consumer Protection Act, aka the Dodd-Frank Act, draws near, lenders and financial institutions are finally getting a clear picture of the total impact of the law. Dodd-Frank dictates 398 rules that must be passed impacting banking, mortgage...Read More
Hiring/Credit: Stockbyte
Hiring within the mortgage industry is challenging, given that every company is in competition to set itself apart. Hiring branch managers in many ways presents more of a challenge, given that branch management positions require employees who can both maintain autonomy and act as successful brand...Read More
Inlanta Mortgage CEO John Knowlton and President Nicholas J. DelTorto have announced that Jean Badciong has been promoted to the position of chief compliance officer and Paul Buege has been promoted to chief operating officer.Read More
Guaranteed Rate has announced that Martin J. Logan has been named as the company’s new chief information officer.Read More
Fay Servicing has announced the addition of Nancy Barthel to its executive team as the company’s senior vice president of operational risk, where her role is to develop and strengthen the servicer’s QA/QC programs and manage risk across the organization.Read More
Primary Capital Mortgage (PCM) has announced the appointment of Sharon Bitz as its new vice president of the western region, supporting wholesale account executives as well as broker and correspondent business partners in the western region.Read More
CoreLogic has released The Home Mortgage Disclosure Act: Foundation for a Sound Housing Market, the third white paper in a series which addresses the implications of new and revised federal mortgage finance industry regulations. In this edition, the nearly 40-year-old Home Mortgage Disclosure Act (...Read More
United Wholesale Mortgage (UWM) announced that it launched a new program called "Big & Easy Plus," which is design for non-QM Jumbo loans. “There are a lot of borrowers that currently do not fit into the QM category,” says Mat Ishbia, CEO and president of UWM. “Our Big & Easy Plus program...Read More
CoreLogic has announced an agreement to offer The Work Number, as part of the CoreLogic Credco Verification of Employment service. The Work Number, a solution offered through Equifax Workforce Solutions, is the largest collection of payroll records contributed directly from employers. The agreement...Read More
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Appraisers need to get up to speed on the latest energy efficient home features and should learn to determine how green a property is, according to a new book by the nation’s largest professional association of real estate appraisers. Residential Green Valuation Tools, published by the...Read More

Question: We are an FHA-approved lender with several branch officers. At one of our...Read More

Question: We are an FHA-approved lender with several branch officers. At one of our...Read More

Commercial and multifamily mortgage bankers closed $358.5 billion of loans in 2013 according to...Read More

Several provisions in the comprehensive housing finance reform bill introduced by US Senators...Read More

RealtyTrac, an online marketplace for foreclosure properties, today released its U.S....Read More

DocuSign Inc. has applauded Wells Fargo Funding on its significant expansion in...

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Question: We are an FHA-approved lender with several branch officers. At one of our...Read More

HOPE NOW released its February 2014 loan modification data. An estimated 42,000 homeowners...Read More

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