Mortage News

Home sales declined in September, marking the fifth month this year when sales fell year-over-year, according to new data from RE/MAX
RE/MAX: Home Sales Down, But Price on the Rise
Home sales declined in September, marking the fifth month this year when sales fell year-over-year, according to new data from RE/MAX. However, sale prices were up in September, which marked the 71st consecutive month of year-over-year... Read more
NAMB has announced that former President-Elect John G. Stevens, CRMS has been appointed to the role of president
John G. Stevens Elected President of NAMB
NAMB has announced that former President-Elect John G. Stevens, CRMS has been appointed to the role of President of the nationwide trade association. Stevens has been in the mortgage industry since 2009 and has held Board positions with... Read more
Sen. Elizabeth Warren (D-MA) is amassing more $1 million per month in the fundraising for her 2018 re-election bid
Sen. Warren Raking in $1M Per Month in Re-Election Fundraising
Sen. Elizabeth Warren (D-MA) is amassing more $1 million per month in the fundraising for her 2018 re-election bid.   According to an Associated Press report, Warren’s campaign brought in about $3 million during the third quarter and... Read more
LGBT Capital, the trading arm of U.K.-based Galileo Capital Management Ltd, has unveiled what it says is the first global property search portal for the international LGBT community
New Portal Offers Global Property Search for LGBT Buyers
LGBT Capital, the trading arm of U.K.-based Galileo Capital Management Ltd, has unveiled what it says is the first global property search portal for the international LGBT community.   The new Property Equality online resources is located... Read more
Goldman Sachs Group Inc. has announced plans to buy Los Angeles-based Genesis Capital LLC, which provides funds for developers seeking to purchase, renovate and flip single-family home
Goldman Sachs Acquires House Flipping Lender
Goldman Sachs Group Inc. has announced plans to buy Los Angeles-based Genesis Capital LLC, which provides funds for developers seeking to purchase, renovate and flip single-family homes.   Genesis was launched in 2007 and is being acquired... Read more
Rebooting Mortgage Servicing With FinTech Solutions
The housing market contributes approximately 18 percent of the U.S. GDP. With so much at stake, a recent Treasury report on the U.S. financial system is recommending extensive mortgage lending reforms. The U.S. Treasury Department states... Read more
Primary Residential Mortgage Inc. (PRMI) has named Corey Butler to its Severna Park, Md. team as its newest Loan Officer
LO Corey Butler Joins PRMI's Team in Maryland
Primary Residential Mortgage Inc. (PRMI) has named Corey Butler to its Severna Park, Md. team as its newest Loan Officer. Corey is a native of the eastern shore of Maryland and is an active member of the Severna Park Chamber of Commerce.... Read more
The Mortgage Bankers Association (MBA) has expressed concern to the Trump Administration and congressional leaders that potential changes in the tax code could create more problems than solutions
MBA’s Stevens Expresses Concern on Cutting Section 1031 from Tax Code
The Mortgage Bankers Association (MBA) has expressed concern to the Trump Administration and congressional leaders that potential changes in the tax code could create more problems than solutions.   In a letter to Executive and Legislative... Read more
Federal housing vouchers for low-income renters are too low to cover the market rent in many of the nation's job centers, according to a data analysis from Zillow
Zillow: Rising Rents Too High for HUD Vouchers
Federal housing vouchers for low-income renters are too low to cover the market rent in many of the nation's job centers, according to a data analysis from Zillow.   In its study, Zillow focused on the Department of Housing and Urban... Read more
Ginnie Mae and the U.S. Department of Veterans Affairs (VA) have teamed up on a new initiative to focus on problems related to mortgage refinancing for retired military personnel
Ginnie Mae and VA Team to Focus on Veterans’ Refinancing Problems
Ginnie Mae and the U.S. Department of Veterans Affairs (VA) have teamed up on a new initiative to focus on problems related to mortgage refinancing for retired military personnel.   The Joint Ginnie Mae–VA Refinance Loan Task Force is... Read more