Mortage News

The so-called “mandatory inclusion” guideline used by many cities to require a specific amount of affordable units be reserved in new residential developments has hit a major roadblock in Tennessee
MBA: Lower Commercial and Multifamily Originations Forecasts
The Mortgage Bankers Association (MBA) is forecasting that the level of commercial and multifamily mortgage originations will end 2017 with a whimper instead of a bang.   In a new analysis, the trade group predicted that this sector will... Read more
An annual home price appreciation of 5.5 percent during 2016 helped to increase the number of mortgage holders with tappable equity to 39.5 million
Mortgage Delinquencies Down Again
  Mortgage delinquency levels fell 7.13 percent from April to May while prepayments took a 23 percent upswing to their highest level of the year, according to new data from Black Knight Financial Services.   During May, the total national... Read more
According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey, mortgage applications have increased 2.8 percent over last week, for the week ending June 9, 2017
More New Homebuyers, Fewer Homes to Buy
  Two new data reports are offering a potentially problematic view of today’s housing market: more people are interested in pursuing homeownership, but fewer properties are available.   An increasing number of renters are looking to step... Read more
NCRA Launches “Man on the Street” Credit Education Video Series
A new video series from the National Consumer Reporting Association (NCRA) was unveiled at the National Apartment Association (NAA) Education Conference and Expo at the World Congress Center in Atlanta. Developed by NCRA’s Education and... Read more
eCU Mortgage has introduced a third-party mortgage origination service that streamlines the mortgage process and delivers more revenue to credit unions when loans are sold on the secondary market.
eCU Mortgage Introduces Third-Party Service for Credit Unions
eCU Mortgage has introduced a third-party mortgage origination service that streamlines the mortgage process and delivers more revenue to credit unions when loans are sold on the secondary market. The mortgage origination solution... Read more
Calyx Software has announced that Portfolio Underwriter, an automated underwriting system (AUS) from LoanScorecard, is now available to Point and PointCentral clients
Portfolio Underwriter Now Available From Calyx Software
Calyx Software has announced that Portfolio Underwriter, an automated underwriting system (AUS) from LoanScorecard, is now available to Point and PointCentral clients.   Portfolio Underwriter allows portfolio lenders to customize credit... Read more
Cloudvirga has named Michael Schreck its Chief Executive Officer, succeeding cloudvirga Co-Founder Bill Dallas, who will continue as Chairman of cloudvirga’s Board of Directors
Schreck Replaces Dallas as cloudvirga CEO
Cloudvirga has named Michael Schreck its Chief Executive Officer, succeeding cloudvirga Co-Founder Bill Dallas, who will continue as Chairman of cloudvirga’s Board of Directors. Schreck joins cloudvirga on the heels of a successful Series... Read more
Featured Industry Leader: Trish Sublette, President, FAMP Space Coast Chapter
Trish Sublette is a Loan Originator with Security National Mortgage Company in Cocoa Beach, Fla., and President of the Space Coast Chapter of the Florida Association of Mortgage Professionals (FAMP). National Mortgage Professional... Read more
New York State
New York State Home Sales on the Rise
  The Empire State enjoyed a healthy housing market in May, with the level of closed sales setting a new record for the month, according to data from the New York State Association of Realtors (NYSAR).   The 10,704 closed sales last month... Read more
Woman with computer
Survey: Mortgage Applicants Prefer Loan Officers to Online Forms
  While the majority of prospective homebuyers do their mortgage research online, they prefer to handle their applications in the presence of a loan officer.   According to a new survey of nearly 2,000 adults conducted on behalf of the... Read more