Mortage News

More customers were seeking home tours and writing offers for home purchases last month
Desultory Data on the Mortgage Applications Front
It was a mostly puny week for home loan activity, according to the Mortgage Bankers Association Weekly Mortgage Applications Survey for the week ending June 16.   The Market Composite Index saw a scant 0.6 percent uptick on a seasonally... Read more
Baltimore Row Houses Pic
Existing-Home Sales on the Rise
Total existing-home sales were up by 1.1 percent to a seasonally adjusted annual rate of 5.62 million in May from a downwardly revised 5.56 million in April, according to new data from the National Association of Realtors (NAR). May’s... Read more
Wendy Sisneroz Named Area Sales Manager for Opes Advisors
Opes Advisors, a Division of Flagstar Bank, has named Wendy Sisneroz as the new area manager for the region’s four offices in California’s Central Valley. This experienced mortgage lending team has been helping Central Valley residents... Read more
Premium Title has grown its sales team and announces two new national sales executives, Deborah L. Shepherd and Aaron T. Fain
Premium Title Adds Two Title Services National Sales Executives
Premium Title has grown its sales team and announces two new national sales executives, Deborah L. Shepherd and Aaron T. Fain. Shepherd and Fain will be focused on delivering title and closing solutions to top- and mid-tier mortgage, home... Read more
McLean Mortgage Corporation is proud to announce that the company and its sales force have received a multitude of awards to date in 2017
McLean Mortgage Honored With Local and National Awards
McLean Mortgage Corporation is proud to announce that the company and its sales force have received a multitude of awards to date in 2017. These awards are in recognition of achievement with regard to their volume of production, as well as... Read more
Comerica Bank has that it will invest up to $5 million and become a participating lender in Detroit Home Mortgage, a program managed by Community Reinvestment Fund USA to assist prospective homebuyers in the beleaguered Michigan city
Comerica Aims to Aid Detroit Homebuyers
Comerica Bank has that it will invest up to $5 million and become a participating lender in Detroit Home Mortgage, a program managed by Community Reinvestment Fund USA to assist prospective homebuyers in the beleaguered Michigan city.  ... Read more
First mortgage default rates were on the decline, but second mortgage defaults took an uptick, according to the latest S&P/Experian Consumer Credit Default Indices report
Mixed Data on Mortgage Defaults
First mortgage default rates were on the decline, but second mortgage defaults took an uptick, according to the latest S&P/Experian Consumer Credit Default Indices report.   The index level for first mortgage defaults dropped from 0.69... Read more
The first quarter saw an increase in credit risk for new home loan originations, according to the latest data from the CoreLogic Housing Credit Index (HCI)
Mortgage Credit Risk Up in Q1
The first quarter saw an increase in credit risk for new home loan originations, according to the latest data from the CoreLogic Housing Credit Index (HCI).   The HCI measures trends in six home mortgage credit risk attributes—borrower... Read more
The Mortgage Bankers Association (MBA) came out against a proposal by the Federal Housing Finance Agency (FHFA) in its annual report to Congress that the regulator’s powers be expanded to include examination authority over non-bank servicers
MBA Opposes Expanded FHFA Power Over Non-Bank Servicers
The Mortgage Bankers Association (MBA) came out against a proposal by the Federal Housing Finance Agency (FHFA) in its annual report to Congress that the regulator’s powers be expanded to include examination authority over non-bank... Read more
GSF Mortgage Corp. continues to expand GSF Funding, the TPO/Correspondent Lending Division and welcomes David Kirchen as the new director of TPO/Correspondent Lending
GSF Mortgage Reintroduces TPO Division
GSF Mortgage Corp. continues to expand GSF Funding, the TPO/Correspondent Lending Division and welcomes David Kirchen as the new director of TPO/Correspondent Lending. He will be responsible for establishing partnerships with banks, credit... Read more