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Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $38.7 billion in the third quarter of 2014, up $2.6 billion (7.3 percent) from earnings of $36.1 biRead More
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The Federal Housing Finance Agency (FHFA) has reported that the total volume of mortgage refinances increased slightly in the third quarter. According to FHFA’s Refinance Report, total refinance volume for the third quarter exceededRead More
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"There have only been two days in the last 18 months where mortgage rates have been as low as they are now," said Gibran Nicholas, chairman of CMPS Institute, an organization that trains and certifies mortgage bankers and brokers. "Mortgage rates are determined by mortgage bond prices in the...Read More
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Officers of the Jacksonville Chapter of Florida Association of Mortgage Professionals (FAMP) recently visited the Sulzbacher Center to deliver donations of cash and toiletries the group collected at its October meeting as part of the chapter’s ongoing community service efforts.Read More
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Rates on the most popular types of mortgages hardly changed this week, according to HSH.com's Weekly Mortgage Rates Radar. The average rate for conforming 30-year fixed-rate mortgages (FRMs) fell by a single basis point (0.01 percent) to 4.06 percent. Conforming 5/1 Hybrid ARM rates increased...Read More
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Modern compliance regulations have changed the complexion of the mortgage industry in its entirety. From the ways in which we can lend to the ways in which we can market, government oversight has added a uniquely challenging component to how we conduct every aspect of the business.Read More
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Forget about immigration reform, the Keystone XL pipeline or the war against ISIS–it appears that housing finance reform is being raised by Democrats as the next hot topic on Capitol Hill.Read More
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Paul Anastos is president of Mortgage Master, one of the country’s largest privately-owned mortgage companies headquartered in Walpole, Mass. The company, founded by Leif Thomsen in 1988, just agreed to merge with loanDepot LLC the nation’s second largest non-bank consumer lender.Read More
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This first of a four-part series will introduce the RESPA/TILA Integration and treat the numerous features of the Loan Estimate. In the second part of the series, I will detail the features of the Closing Disclosure. The third part will be a detailed analysis of the Loan Estimate. The fourth part...Read More
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Lenders are still trying to figure out how to recapture the glory days of the mid-2000s. According to the Mortgage Bankers Association (MBA), the number of first-time homebuyers has substantially decreased over the past decade. With the percentage of first-time homebuyers at 10 percent below...Read More
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Zillow has announced a significant expansion to its national headquarters in downtown Seattle.Read More
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Altisource Portfolio Solutions SA has announced it has acquired the Owners.com business to expand Altisource’s growing position in the residential real estate industry.Read More
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Mortgage Network Inc. has announced the opening of a new branch office in Braintree, Mass., focusing on helping borrowers throughout Boston’s South Shore region with their home financing needs, and offering a full range of mortgage loans that include conventional, non-conventional,...Read More
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Wolters Kluwer Financial Services (WKFS) has announced that it is prepared to help mortgage lenders meet the combined Truth-in-Lending Act (TILA) and Real Estate Settlement ProcRead More
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RealtyTrac has announced the launch of its expanded Read More
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Default Servicing Technologies LLC (DST), creators of the DispoSolutions REO management platform and the ValuationSolutions enterprise collateral valuation management technology, has announced that users of the company's software soRead More
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Ocwen Financial Corporation has announced the re-launch of a free database of loan-level data for mortgages serviced by Ocwen in private label mortgage-backed securities (MBS), powered by the REALPortalRead More

Mortgage applications decreased 4.3 percent from one week...Read More

Mortgage applications decreased 4.3 percent from one week...Read More

The Multifamily Production Index (MPI), released by the National Association of Home...Read More

For the second time in two weeks, a major retailer is being aimed in the direction of...Read More

The Federal Housing Finance Agency (FHFA) has...Read More

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

VirPack has announced that it has released an interface to the mortgage insurance (MI) system of...

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The Consumer Financial Protection Bureau (CFPB) has announced ...Read More

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