Mortage News

Q4 2016 Commercial and Multifamily Originations Up 20 Percent
Commercial and multifamily mortgage originations saw a 20 percent spike between the third and the fourth quarters of 2016, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers... Read more
basement
Will Basement Apartments Ease NYC’s Housing Crunch?
A nonprofit research group has issued a report stating that New York City can alleviate its housing shortage by introducing a program to enable the conversion of approximately 38,000 basements in local single-family residences into new... Read more
Ocwen Settles California Servicing Charges for $223M
Ocwen Financial Corp. has reached a settlement with the California Department of Business to in which the company’s servicing unit will pay $25 million and provide another $198 million in debt forgiveness to resolve charges that Ocwen ran... Read more
Twenty-four percent of U.S. county housing markets were less affordable than their historic affordability averages during the third quarter
Home Prices and Sales Keep Increasing as Inventory Disappears
Home prices and sales last month were still on the rise while inventory continued to shrink, according to data released by Redfin.   U.S. home prices increased seven percent on a year-over-year basis in January while home sales gained 5.6... Read more
The Mortgage Bankers Association (MBA) has looked into the future, and they are not complaining
MBA Forecast for Economy: Lookin’ Good!
The Mortgage Bankers Association (MBA) has looked into the future, and they are not complaining.   "We're expecting steady, modest growth in the U.S. economy," said MBA Vice President of Research & Economics Lynn Fisher yesterday at... Read more
CFPB Subpoena Authority Upheld by Federal Court
The Consumer Financial Protection Bureau (CFPB) scored another victory in court, this time in a case regarding its authority to issue a subpoena in a housing finance investigation.   According to a New York Times report, Judge Nancy G.... Read more
Affordable housing continues to be an elusive commodity, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index
Affordable Housing Opportunities Continue to Evaporate
Affordable housing continues to be an elusive commodity, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index, which has declined to its lowest point since the third quarter of 2008.  ... Read more
RE/MAX Reports Record January Home Sales
This year started off with a bang, at least in terms of housing activity. According to the latest RE/MAX National Housing Report, last month “topped all other Januarys in the report’s nine-year history with the most sales, highest sales... Read more
Dart Appraisal has grown its panel of appraisers in Washington state by 15 percent since October 2016
Dart Appraisal Grows Its Washington Presence
Dart Appraisal has grown its panel of appraisers in Washington state by 15 percent since October 2016. Washington, and more specifically, greater Seattle, has been one of the most competitive real estate markets in the country for the past... Read more
eValuation ZONE Inc., a business specializing in real estate appraisal management services, has announced its national certification as a Women’s Business Enterprise by the Women's Business Development Center-Chicago
eValuation ZONE Certified by the Women’s Business Enterprise National Council
eValuation ZONE Inc., a business specializing in real estate appraisal management services, has announced its national certification as a Women’s Business Enterprise by the Women's Business Development Center-Chicago, a regional certifying... Read more