Mortage News

The Mortgage Matrix
"You take the Blue Pill, the story ends. You wake up in your bed and believe whatever you want to believe. You take the Red Pill, you stay in Wonderland, and I show you how deep the rabbit hole goes."–Morpheus Since 2009, I’ve been writing... Read more
Mortgage rates recorded mixed results in the latest Primary Mortgage Market Survey (PMMS) released by Freddie Mac
Freddie Mac: Mortgage Rates Remain Steady
Mortgage rates recorded mixed results in the latest Primary Mortgage Market Survey (PMMS) released by Freddie Mac.   The 30-year fixed-rate mortgage (FRM) averaged 3.92 percent for the week ending Nov. 22, down from last week when it... Read more
The national median home value during October reached $203,400, which is $12,500 or 6.5 percent higher than it was one year ago, according to new data from Zillow
Median Home is $12,500 More Expensive Than One Year Ago
The national median home value during October reached $203,400, which is $12,500 or 6.5 percent higher than it was one year ago, according to new data from Zillow.   The spike in median home value is being attributed to a low inventory.... Read more
While the nation was getting ready in advance of this week’s Thanksgiving holiday, mortgage application activity managed to record a very slight rise
Mortgage Applications Up by 0.1 Percent
While the nation was getting ready in advance of this week’s Thanksgiving holiday, mortgage application activity managed to record a very slight rise.   According to data from the Mortgage Bankers Association’s Weekly Mortgage Applications... Read more
Ocwen Financial Corporation has announced loan modification borrower assistance results for struggling Ohio homeowners through the third quarter of 2017
Ocwen Aids Ohio Community Groups to Assist Struggling Borrowers
Ocwen Financial Corporation has announced loan modification borrower assistance results for struggling Ohio homeowners through the third quarter of 2017.   Working closely with non-profit agencies in the first nine months of 2017, Ocwen... Read more
LenderSelect Mortgage Group has announced that Cynthia Garland has joined the company as an Account Executive for the Mississippi, Alabama and southern Tennessee markets
AE Cynthia Garland Joins LenderSelect Mortgage Group
LenderSelect Mortgage Group has announced that Cynthia Garland has joined the company as an Account Executive for the Mississippi, Alabama and southern Tennessee markets.   In her new role as Account Executive, Cynthia will build new... Read more
1st Advantage Mortgage LLC has announced that it has changed its name to Draper and Kramer Mortgage Corp.
Draper and Kramer Named to Chicago Tribune’s Top Workplaces List
Draper and Kramer has announced that it has been awarded a 2017 Top Workplace honor by the Chicago Tribune, based on results of an employee feedback survey, administered by an independent research firm that measures multiple aspects of... Read more
Cloudvirga has appointed Steve DeSantis as its new Chief Financial Officer, responsible for driving Cloudvirga’s financial strategies to accelerate its growth
Steve DeSantis Named CFO for Cloudvirga
Cloudvirga has appointed Steve DeSantis as its new Chief Financial Officer, responsible for driving Cloudvirga’s financial strategies to accelerate its growth. He will report to Cloudvirga’s recently appointed Chief Executive Officer... Read more
The Federal Housing Finance Agency (FHFA) today announced that the 2018 multifamily lending caps for Fannie Mae and Freddie Mac will be $35 billion for each government-sponsored enterprise (GSE), down from this year’s cap of $36.5 billion
FHFA Adjusts Multifamily Lending Caps for 2018
The Federal Housing Finance Agency (FHFA) today announced that the 2018 multifamily lending caps for Fannie Mae and Freddie Mac will be $35 billion for each government-sponsored enterprise (GSE), down from this year’s cap of $36.5 billion... Read more
Social media’s most influential site is failing to enforce its own ban on advertising that encourages discrimination in housing, credit or employment
Study: Discrimination Still Seeps into Facebook Housing Ads
Social media’s most influential site is failing to enforce its own ban on advertising that encourages discrimination in housing, credit or employment.   The non-profit news source ProPublica released a study that showed how it was about... Read more