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Freddie Mac has released its Multi-Indicator Market Index (MiMi) for February showing the U.S. housing market overall recovering at a slightly slower pace from the previous month. However, more than half of all states, as well as more than half of the top 50 metro areas, continue to show an...Read More
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Mortgage applications decreased 3.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 18, 2014. The Market Composite Index, a measure of mortgage loan application volume, decreased 3.3 percent...Read More
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The Competitive Enterprise Institute (CEI), in a coalition of 26 public policy leaders, sent a letter to members of the Senate Banking Committee urging them to reject the latest effort to overhaul the U.S. housing-finance system, which would expand government involvement in the housing market.Read More
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Kroll Bond Rating Agency (KBRA) announced the release of its methodology for assessing non-Qualified Mortgage (non-QM) risk in U.S. residential mortgage-backed securities (RMBS). The report, Assessing Non-QM Risk in U.S. RMBS, provides insight into KBRA’s proposed analytic approach for rating RMBS...Read More
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Rates on the most popular types of mortgages moved a little higher for the first time in weeks, according to HSH.com's Weekly Mortgage Rates Radar. The average rate for conforming 30-year fixed-rate mortgages rose by one basis point (0.01 percent) to 4.39 percent. Conforming 5/1 Hybrid ARM rates...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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On Friday, two of the Big Four banks have unveiled their quarterly earnings reports. Overall, the first quarter seems to have had a noticeable ding on JPMorgan Chase and Wells Fargo’s mortgage production, with both companies posting significant losses in both areas.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
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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
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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
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Mortgage Master has announced it has formed a new internal team of professionals, which has a deep understanding of the mortgage process and functions including sales, operations, underwriting and closing, named "Loan Officer Concierge," dedicated to making the on-boarding process for new...Read More
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Assurant Inc. has announced the acquisition of StreetLinks Lender Solutions from Novation Companies Inc. and other shareholders.Read More
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A-1 Closing Services has changed its name to MyAMC as part of a rebranding initiative that supports the company’s focus as a customer- and vendor-centric organization. MyAMC’s rebranding initiative includes the introduction of two new technologies: A mobile appraiser engagement technology...Read More
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American Financial Resources Inc. (AFR) has announced the hiring of David Margulies, executive vice president, global sales. Margulies has more than 30 years of experience in the mortgage banking industry, and will lead AFR's sales platform as well as oversee the...Read More
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AXIS Appraisal Management Solutions announced the launch of a new alternative appraisal product solution, GEAR AP (GeoScore Evaluation/Appraisal Report). GEAR AP is a new generation of valuation solutions that takes a consumer focused design-driven approach to real estate evaluations.Read More
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Applied Business Software (ABS) has introduced The Loan Office, designed for smaller lenders who need a powerful and affordable solution for managing loans. The Loan Office is a state of the art system, ideal for managing loans, collecting payments, paying investors, printing statements and much...Read More
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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
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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

Mortgage News Ticker

Freddie Mac has released its Multi-Indicator Market Index (MiMi) for February showing the U.S....Read More

Freddie Mac has released its Multi-Indicator Market Index (MiMi) for February showing the U.S....Read More

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

Kroll Bond Rating Agency (KBRA) announced the release of its methodology for assessing non-...Read More

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

The Competitive Enterprise Institute (CEI), in a coalition of 26 public policy leaders,...Read More

RealtyTrac has released its U.S. Home Equity & Underwater Report for the first quarter of...Read More

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