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Home loans for purchases continued to dominate the mortgage market in April, according to new data from Ellie Mae
Ellie Mae: Purchase Market Reigns Over Refinances
Home loans for purchases continued to dominate the mortgage market in April, according to new data from Ellie Mae.   In the latest Origination Insight Report issued by the Pleasanton, Calif.-based company, home loans for purchase... Read more
Franklin American Mortgage Company (FAMC) has announced that it has become a Double Diamond Industry Partner with NAMB—The Association of Mortgage Professionals
Franklin American Mortgage Named NAMB Double Diamond Industry Partner
Franklin American Mortgage Company (FAMC) has announced that it has become a Double Diamond Industry Partner with NAMB—The Association of Mortgage Professionals. This exclusive status is given to NAMB’s top contributors each year.   “NAMB... Read more
Senate Majority Leader Mitch McConnell (R-KY) appeared to dampen hopes for a Dodd-Frank Act overhaul, blaming a lack of bipartisan support for such an effort
McConnell: “I’m Not Optimistic” on Dodd-Frank Overhaul
Senate Majority Leader Mitch McConnell (R-KY) appeared to dampen hopes for a Dodd-Frank Act overhaul, blaming a lack of bipartisan support for such an effort.   “I’d love to do something about Dodd-Frank, particularly with regard to... Read more
Financial Freedom in $89M Settlement on FIRREA Charges
The U.S. Department of Justice has announced that Austin-based Financial Freedom has agreed to a settlement of more than $89 million to resolve charged that it violated the False Claims Act and the Financial Institutions Reform, Recovery,... Read more
When it comes to the best banking experience, there is a world of difference between Texas and Alaska
The Best State for Banking Is …
When it comes to the best banking experience, there is a world of difference between Texas and Alaska, according to a new study released by MoneyRates.com.   Working on a measurement criteria that includes availability of choice, bank... Read more
The new data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey was mostly desultory.
Dreary Week for Mortgage Application Activity
The new data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey was mostly desultory.     The Market Composite Index decreased 4.1 percent on a seasonally adjusted basis and dropped by four percent on an unadjusted... Read more
San Francisco-based DocuSign has alerted its customers that it has been the target of a phishing attack
Phishing Attack Targets DocuSign
San Francisco-based DocuSign has alerted its customers that it has been the target of a phishing attack.   “We confirmed that a malicious third-party had gained temporary access to a separate, non-core system that allows us to communicate... Read more
Approximately 510,000 refinances were completed in the first quarter, according to new data from the Federal Housing Finance Agency (FHFA)
Q1 Refinance Activity Down
Approximately 510,000 refinances were completed in the first quarter, according to new data from the Federal Housing Finance Agency (FHFA). This represents a decline from the more than 750,767 refinances that were in the fourth quarter of... Read more
April’s home sales level fell 4.1 percent from March and 4.5 percent from one year ago
RE/MAX: Home Sales Decline in April
April’s home sales level fell 4.1 percent from March and 4.5 percent from one year ago, according to the latest RE/MAX National Housing Report.   Forty-three of the 53 metro areas tracked by RE/MAX either recorded a decrease in year-over-... Read more
When it comes to financial confidence, urban residents are much more jittery about their monetary health than their suburban or rural counterparts
Study: City Dwellers Have More Financial Angst
When it comes to financial confidence, urban residents are much more jittery about their monetary health than their suburban or rural counterparts, according to NeighborWorks America’s fourth annual consumer finance survey. In a recent... Read more