Nationwide housing starts rose 6.8 percent to a seasonally adjusted annual rate of 914,000 units...Read More
Nationwide housing starts rose 6.8 percent to a seasonally adjusted annual rate of 914,000 units in May due primarily to increased production on the multifamily side, according to newly released data from HUD and the U.S. Census Bureau.
Read More
Builder confidence in the market for newly-built single-family homes hit a significant milestone in June, surging eight points to a reading of 52 according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Any reading over 50 indicates that more...Read More
Zillow Inc. has announced the launch of a new TV spot today as part of the company's first-ever national advertising campaign, entitled "Find Your Way Home." A new spot, called "Long Distance," begins airing nationwide today, as the traditional summer home shopping season heats up. The spot...Read More
The UFA Default Risk Index for the second quarter of 2013 rose to 106 from last quarter’s revised 97 in our baseline scenario. Under current economic conditions, investors and lenders should expect defaults on loans currently being originated to be six percent higher than the average of similar...Read More
The NewDay USA Foundation and NewDay USA, a firm focused on helping active duty military personnel, veterans and their families to achieve their financial and housing goals, recently sponsored The Wall That Heals for a one-day visit to Fulton, Md. The Wall That Heals is a mobile...Read More
Some lawmakers are stating that the Federal Housing Administration (FHA) may have been lying about the size of its losses after declaring that it might need public assistance in its almost-80 year history, according to CNBC.
Read More
Each month, National Mortgage Professional Magazine will focus on one of the industry’s top players in our “Mortgage Professional of the Month” feature. Our readers are encouraged to contact us at newsroom@nmpmediacorp.com to be considered for a...Read More
In combination with celebrating its 20th anniversary of representing consumer reporting agencies providing data to the housing industry, the National Credit Reporting Association has changed its name to the National Consumer Reporting Association. This change was announced at its annual national...Read More
In September 2011, the Consumer Financial Protection Bureau (CFPB) issued its Company Portal Manual (Manual). The Manual gave instructions on the use of the special access portal, known as the Company Portal (Portal). The Portal allows financial institutions to view and respond to complaints in...Read More
Question one: What's my mission and purpose? Every plan starts with a mission … a reason why. For example, if your mission in 2013 is to make $200,000 in income, you would conceivably do anything and everything to achieve that goal, regardless of whether your...Read More
Stonegate Mortgage Corporation has announced the opening of a new regional operations center in Oak Brook, Ill. that will focus on loan servicing and originations. Leading the new office will be Stonegate Mortgage’s Paul Wyner, senior vice president of Third Party Origination who will be on...Read More
DocMagic Inc. has announced that it has been approved by Fifth Third Mortgage Company, a subsidiary of Fifth Third Bank, as an eDelivery and eSignature vendor for correspondent lenders who sell their production to the bank. “We’re delighted by this approval and expect this to open up...Read More
McLean Mortgage Corporation has announced that the company is opening its first Maryland branch office which will be located in Bethesda, Md. The Bethesda branch office is slated to open its doors on July 1 and will be headed by managers Alex Peters and Dennis Elliott–having a...Read More
Williston Financial Group (WFG), the parent company of WFG National Title Insurance Company, has acquired Community Title Services of Nevada. The WFG family is licensed to provide title insurance in 41 states nationwide. The Williston Financial Group family is a full-service provider of title...Read More
Capsilon announced its DocVelocity imaging system offers batch delivery options, enabling users to package and deliver documents from many loan folders at the same time. The new batch delivery feature saves time compared to one-at-a-time processing, as documents from hundreds or even thousands...Read More
QuestSoft, a provider of automated mortgage compliance software, has announced a new all-in-one product, Compliance RELIEF, that assists banks, credit unions and mortgage lenders in processing the majority of their compliance requirements in one convenient system that’s integrated with all...Read More
The Wholesale Lending Division of Carrington Mortgage Services LLC has announced it is expanding its successful 30-day Purchase Promise Program to include a 21-day loan closing program for borrowers looking to purchase properties. The program, designed to significantly reduce closing times...Read More
Bay Equity announced the launch of the "Bay Direct" program, which gives borrowers additional loan options and flexibility on loans that meet Fannie Mae criteria but aren't eligible according to other standard conforming and high balance guidelines. Under the Bay Direct program, Bay...Read More
Mortgage News Ticker
Headlines and Blogs from Around the Web
-
Allegations of Homeowner Abuse Won't Help Bank of America Regain Mortgage Business
The Motley Fool
-
Mortgage Settlement Banks Getting Away With 'Dual-Tracking' Foreclosures
eCreditDaily.com
-
Ex-BofA Employees Allege Mishandling of HAMP Applications
Housing Wire
-
What an $8.5B Settlement Would Mean for Bank of America Corp
The Motley Fool
-
OneWest Bank to Lay Off 725 Texas Workers
WSOCTV.com
-
The Further Adventures of the Free Market
Esquire
Nationwide housing starts rose 6.8 percent to a seasonally adjusted annual rate of 914,000 units...Read More
According to the latest Trepp Payoff Report, the percentage of loans paying off on their balloon...Read More
The Mortgage Bankers Association (MBA) has released "A Secondary Market that Works for Smaller...Read More
The U.S. Department of Housing & Urban Development (HUD) and the U.S. Department of the...Read More
RealtyTrac, an online marketplace for foreclosure properties, today released its U.S....Read More
Nationwide housing starts rose 6.8 percent to a seasonally adjusted annual rate of 914,000 units...Read More
ClosingCorp has announced its partnership with TSS Software Corporation. Using ClosingCorp’s...Read More
DocMagic Inc. has announced that it has been approved by Fifth Third Mortgage Company, a...Read More
CoreLogic released new analysis showing approximately 850,000 more residential properties...Read More
I want to be a well informed Mortgage Professional!
Upcoming Events
- 2013 "Let's Make A Deal" Tri-State Wholesale Lending Fair(29 days)
- FAMP 2013 Annual Convention(43 days)
- Louisiana Mortgage Lenders Association 2013 Annual Conference (51 days)
- California Association of Mortgage Professionals 2013 Conference and Expo(57 days)
- WAMP 2013 NW Housing Summit & Lenders Expo(87 days)
- MBA 2013 Regulatory Compliance Conference (103 days)
NAMB Action Center
