Mortage News

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
Homeowners with mortgages have collectively seen their equity increase 11.8 percent year-over-year during the third quarter, representing a 12-month gain of $870.6 billion, according to new data from CoreLogic
Home Equity Levels Rise in Q3
Homeowners with mortgages have collectively seen their equity increase 11.8 percent year-over-year during the third quarter, representing a 12-month gain of $870.6 billion, according to new data from CoreLogic.   Furthermore, CoreLogic... Read more
Mortgage rates were up this week, according to the latest Freddie Mac Primary Mortgage Market Survey (PMMS)
Mortgage Rates and Credit Availability Rise
Mortgage rates were up this week, according to the latest Freddie Mac Primary Mortgage Market Survey (PMMS).   The 30-year fixed-rate mortgage (FRM) averaged 3.94 percent for the week ending Dec. 7, up from last week when it averaged 3.90... Read more
The Federal Housing Administration (FHA) has announced that it will cease insuring new mortgages on properties that include Property Assessed Clean Energy (PACE) assessments
FHA Stops Insuring Mortgages With PACE Assessments
The Federal Housing Administration (FHA) has announced that it will cease insuring new mortgages on properties that include Property Assessed Clean Energy (PACE) assessments.   The PACE policy was announced in July of 2016 and was... Read more