Mortage News

The Trump Administration has announced its proposed 2018 budget for the U.S. Department of Housing and Urban Development (HUD)
Will Homebuyers Leave High-Tax States in 2018?
  While the Capitol Hill Republicans hammer out the final version of their tax reform legislation, the real estate brokerage Redfin is predicting that homebuyers will exit high-tax states if deductions in state and local taxes are... Read more
Farmer Mac, arguably the quietest government-sponsored enterprise (GSE), has become embroiled in a mysterious controversy surrounding the abrupt firing of its leader
Farmer Mac Abruptly Fires Leader
Farmer Mac, arguably the quietest government-sponsored enterprise (GSE), has become embroiled in a mysterious controversy surrounding the abrupt firing of its leader.   In a press statement, Farmer Mac announced that its Board of Directors... Read more
Redfin Mortgage LLC, the lending subsidiary of the real estate brokerage Redfin Corp., is now offering home loans in the District of Columbia
Redfin Mortgage Opens in D.C.
Redfin Mortgage LLC, the lending subsidiary of the real estate brokerage Redfin Corp., is now offering home loans in the District of Columbia.   This is the third market for Redfin Mortgage, which also serves homebuyers Texas and Illinois... Read more
Two new data reports are highlighting the level of residential property damage created by the ongoing California wildfires
New Reports Forecast Potential Damage in California Fires
Two new data reports are highlighting the level of residential property damage created by the ongoing California wildfires.   In CoreLogic’s hazard risk analysis, a total of 86,242 homes in Ventura and Los Angeles counties with a combined... Read more
First American Financial Corp. has announced that it will acquire Bank of America’s lien release business, which includes an agreement to provide these services to Bank of America
Bank of America Sells Lien Release Business
First American Financial Corp. has announced that it will acquire Bank of America’s lien release business, which includes an agreement to provide these services to Bank of America.   The transaction is expected to close in the first... Read more
Genworth Mortgage Insurance has released the results of its survey of 200 mortgage industry professionals conducted at this year’s Mortgage Bankers Association Annual Convention & Expo in Denver
FHA Announces 2018 Loan Limits
  The Federal Housing Administration (FHA) announced a new schedule of loan limits that will go into effect on Jan. 1.   In high-cost areas of the country, FHA’s loan limit ceiling will increase from $636,150 to $679,650, while its floor... Read more
Indecomm Global Services has announced the integration of its IncomeGenius automated solution for income calculations, with Lendsnap
Indecomm Announces Collaboration With Lendsnap
Indecomm Global Services has announced the integration of its IncomeGenius automated solution for income calculations, with Lendsnap, a POS solution that collects borrower income and asset documents directly and securely from their source... Read more
Academy Mortgage has been honored with a Glassdoor Employees’ Choice Award, recognizing the Best Places to Work in 2018
Academy Mortgage Named a Best Place to Work by Glassdoor
Academy Mortgage has been honored with a Glassdoor Employees’ Choice Award, recognizing the Best Places to Work in 2018. Academy ranks 18th on the list of large companies, which includes household names like Facebook, Bain & Company,... Read more
TRK Connection has announced that Waterstone Mortgage Corporation has chosen the Insight Risk & Defect Management (RDM) platform to conduct its internal quality control (QC) audits
Waterstone Mortgage to Manage QC Audits Using TRK’s Insight RDM
TRK Connection has announced that Waterstone Mortgage Corporation has chosen the Insight Risk & Defect Management (RDM) platform to conduct its internal quality control (QC) audits.   “After carefully considering our Quality Control... Read more
Home flippers are not seeing the big bucks they had hoped for, according to ATTOM Data Solutions’ latest Home Flipping Report
House Flipping Returns to Two-Year Low
Home flippers are not seeing the big bucks they had hoped for, according to ATTOM Data Solutions’ latest Home Flipping Report. During the third quarter, single-family homes and condos that were flipped yielded an average gross flipping... Read more