Mortage News

Existing-home sales in January was the largest year-over-year drop in over three years
Existing-Home Sales Down, But Prices Go Up
Existing-home sales in January was the largest year-over-year drop in over three years, according to new data from the National Association of Realtors (NAR).   Total existing-home sales were down 3.2 percent in January to a seasonally... Read more
Black Knight Inc. has announced the addition of loan-level performance data for loans on single-family properties in Puerto Rico into its McDash mortgage and home equity database.
Black Knight Adds Puerto Rico Data to McDash Database
Black Knight Inc. has announced the addition of loan-level performance data for loans on single-family properties in Puerto Rico into its McDash mortgage and home equity database.   According to the company, more than 200,000 homes were... Read more
Silver Hill Funding has announced that Michael Boggiano has been accepted into the Forbes Real Estate Council
Silver Hill’s Michael Boggiano Named to Forbes Real Estate Council
Silver Hill Funding has announced that Michael Boggiano has been accepted into the Forbes Real Estate Council, an invitation-only community for executives in the real estate industry. Boggiano joins other Forbes Real Estate Council members... Read more
National Association of Mortgage Brokers (NAMB) has announced that it is seeking to ban the sale of trigger leads
NAMB Pushes Trigger Lead Ban
National Association of Mortgage Brokers (NAMB) has announced that it is seeking to ban the sale of trigger leads by urging Congress to add appropriate legislative language to Bills HR 4028 and S 1982 (also known as the Protect Act of 2017... Read more
The first mortgage default rate increased four basis points from December to January
First Mortgage Default Rate Up Slightly
The first mortgage default rate increased four basis points from December to January, starting the year at 0.72 percent, according to the latest data from the S&P/Experian Consumer Credit Default Indices. On a year-over-year-basis, the... Read more
Being the leader of the free world is not necessarily helping Donald Trump’s real estate brand
Lower Sales, Median Prices for Trump Real Estate Since 2016
Being the leader of the free world is not necessarily helping Donald Trump’s real estate brand, according to a new analysis of Trump properties conducted by Realtor.com.   In this study, Realtor.com studies sales data for the U.S.... Read more
When it comes to living in state capitals, Texas residents in Austin enjoy the highest quality of life, while residents in Trenton, N.J., and Hartford, Conn., face significantly lower quality of life
The Most Livable State Capital Is …
When it comes to living in state capitals, Texas residents in Austin enjoy the highest quality of life, while residents in Trenton, N.J., and Hartford, Conn., face significantly lower quality of life, according to a new survey from... Read more
Mortgage Network Inc. has introduced a proprietary Jumbo Renovation Loan program designed to help homeowners to finance the purchase or refinance of a home plus the costs of renovating it, all in one loan
Mortgage Network Debuts Jumbo Renovation Loan
Mortgage Network Inc. has introduced a proprietary Jumbo Renovation Loan program designed to help homeowners to finance the purchase or refinance of a home plus the costs of renovating it, all in one loan.   According to the Danvers, Mass... Read more
United Wholesale Mortgage (UWM) has announced that it has lowered its minimum FICO requirement from 680 to 640 on FHA and VA Elite loans
UWM Expands E-Closing to 12 States
United Wholesale Mortgage (UWM) has expanded its virtual e-closing capabilities to 16 states.    Originally offered in Illinois, Montana, Virginia and Washington, the company's e-closing process is now available in Alabama, Florida,... Read more
One Week
The Best City for First-Time Homebuyers Is...
First-time homebuyers in pursuit of The American Dream will have more luck finding their dream house in Little Rock, Ark., than in Denver, according to a new study from LendingTree.   In this data analysis, factors including average down... Read more