Subscribe to the print edition of National Mortgage Professional MagazineSubscribe to our RSS feedFollow us on TwitterGet daily updates via emailJoin us on Facebook

Residential

Maryland Unveils Plan to Boost Homeownership

Maryland State Flag

The Maryland Department of Housing and Community Development (DHCD) has launched the Maryland Mortgage Program TriplePlay Initiative, a $100 million endeavor designed to help stabilize neighborhoods by promoting homeownership in Prince George’s County, one of the state’s most financially-troubled areas.Click to continue

Refi Volume Hits Six-Month High

House Atop Money/Credit: Creatas

To paraphrase Mark Twain … “Reports of refis’ death have been greatly exaggerated.” According to the latest Origination Insight Report released by Click to continue

Existing-Home Sales See October Upswing

House Keys/Credit: Digital Vision

Existing-home sales rose in October for the second straight month and are now above year-over-year levels for the first time in a year, according to the National Association of Realtors (NAR). Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 1.5 percent to a seasonally adjusted annual rate of 5.26 million in October from an upwardly-revised 5.18 million in September.Click to continue

Permanent Loan Mods Hit 109,000 in Q3

Loan_Mod_Sign_Pic

HOPE NOW has released its third quarter 2014 data, showing that approximately 468,000 homeowners received non-foreclosure solutions from mortgage servicers in July, August and September. Permanent loan modifications totaled approximately 109,000 and short sales totaled 30,000. Other solutions (including repayment plans, deeds in lieu, other retention plans and liquidation plans) made up the rest of the total number.Click to continue

Builder Confidence Optimistic in November

Construction_Pic

Builder confidence in the market for newly built single-family homes rose four points to a level of 58 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). "Growing confidence among consumers is what's fueling this optimism among builders," said NAHB Chairman Kevin Kelly, a home builder and developer from Wilmington, Del. "Members in many areas of the country continue to see increasing buyer traffic and signed contracts."Click to continue

An NMP Exclusive: An Interview With Paul Anastos, President of Mortgage Master, a Division of loanDepot LLC

Anastos_Web_Crop.jpg

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.Click to continue

Study Casts Dim View on the Financial Health of Millennials

Dim_Bulb

For many financial services experts, Millennials—the demographic between the ages of 18 and 34—represent a future of great potential. However, a new survey confirms that while the future might seem encourage, the present offers reason for apprehension.Click to continue