Mortage News

CFPB Files Lawsuit Against Ocwen
The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Ocwen Financial Corp. and its subsidiaries, accusing the company of “failing borrowers at every stage of the mortgage servicing process.” The CFPB noted that the... Read more
Is real estate a good investment?
New Survey Finds Cluelessness on Real Estate Investing
Is real estate a good investment? According to a new survey commissioned by RealtyShares, an online marketplace for real estate investing, 40 percent of Americans did not know if stocks, real estate, commodities, bonds, or cash equivalents... Read more
Plaza Home Mortgage has announced that Eric Macwan has accepted the new position of vice president, chief information officer
Eric Macwan Appointed VP, CIO for Plaza Home Mortgage
Plaza Home Mortgage has announced that Eric Macwan has accepted the new position of vice president, chief information officer, responsible for strategic planning, oversight and continuous improvement of Plaza’s technology efforts. In... Read more
The Mortgage Bankers Association (MBA) took on the challenge of updating federal housing policy again with the release of the new white paper
MBA Issues White Paper on GSE Reform Strategies
The Mortgage Bankers Association (MBA) took on the challenge of updating federal housing policy again with the release of the new white paper titled “GSE Reform: Creating a Sustainable, More Vibrant, Secondary Mortgage Market.” This white... Read more
Thirty-Year Mortgage Rate Falls Below Four Percent
The 30-year mortgage rate dropped below four percent and hit its lowest level since November 2016, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS) for the week ending April 20.   The 30-year fixed-rate mortgage (FRM)... Read more
The median rent payment in the U.S. reached $1,408 last month as rents by a relatively scant 0.7 percent from March 2016
Rent Appreciation Slows Dramatically
The median rent payment in the U.S. reached $1,408 last month as rents by a relatively scant 0.7 percent from March 2016, according to new data from Zillow. March’s rent data reflected the slowest rate of appreciation since November 2012... Read more
There were 30,000 permanent loan modifications completed in February
HOPE NOW: 30K Loan Mods in February
There were 30,000 permanent loan modifications completed in February, up from 29,000 in January, according to new data from HOPE NOW. Within the total number of modifications, an estimated 20,000 were through proprietary programs and 9,445... Read more
Home loans for purchases increased to from 57 percent of all mortgage activity in February to 63 percent in March
Purchase Loans Account for 63 Percent of March Mortgage Activity
Home loans for purchases increased to from 57 percent of all mortgage activity in February to 63 percent in March, according to the latest Origination Insight Report released by Ellie Mae. While this occurred, refinance activity declined... Read more
Housing discrimination based on disability was more pervasive than race-based bias
More Than Half of Housing Discrimination Cases Involve the Disabled
Housing discrimination based on disability was more pervasive than race-based bias, according to the National Fair Housing Alliance’s (NFHA) “2017 Fair Housing Trends Report: The Case for Fair Housing.”   The NFHA report found 28,181... Read more
Potential existing-home sales in March decreased to a 5.5 million seasonally adjusted, annualized rate (SAAR), a 1.5 percent drop from February
Housing Market Potential Remained Flat in March
Potential existing-home sales in March decreased to a 5.5 million seasonally adjusted, annualized rate (SAAR), a 1.5 percent drop from February, according to new data from First American Financial Corp. On a year-over-year basis, the... Read more