Mortage News

Quandis Inc. has announced that it has added new functionality that allows servicers and default attorneys to more easily manage images of official certificates from the Department of Defense (DoD)
Quandis Enhances Its SCRA Foreclosure Compliance
Quandis Inc. has announced that it has added new functionality that allows servicers and default attorneys to more easily manage images of official certificates from the Department of Defense (DoD) to demonstrate proof of compliance for... Read more
Equity National Title has unveiled its “e-closing” hub for mortgage lenders, dubbed e-Ways, designed to advise of the types of digital closings available at a zip code level
Equity National Title Unveils e-Ways County Search Site
Equity National Title has unveiled its “e-closing” hub for mortgage lenders, dubbed e-Ways, designed to advise of the types of digital closings available at a zip code level.   “Although the promise of the digital mortgage closing is... Read more
Hey, mon, you wanna see your home values get high? Then make sure your home is near a retail marijuana dispensary
Pass the Mortgage on the Left Hand Side
Hey, mon, you wanna see your home values get high? Then make sure your home is near a retail marijuana dispensary.   According to a report in the Colorado Springs Independent, a report titled “Contact High” by researchers with the... Read more
The average 30-year fixed mortgage rate posted its biggest week-over-week increase since July, according to new data from Freddie Mac
30-Year Fixed Rate Mortgage Takes a Healthy Upswing
The average 30-year fixed mortgage rate posted its biggest week-over-week increase since July, according to new data from Freddie Mac.   The 30-year fixed-rate mortgage (FRM) averaged 3.91 percent for the week ending Oct. 12, up from last... Read more
Mortgage applications for new home purchases took a 7.5 percent year-over-year tumble in September
New Home Mortgage Applications Down in September
Mortgage applications for new home purchases took a 7.5 percent year-over-year tumble in September, according to the Mortgage Bankers Association’s (MBA) Builder Applications Survey. From August, applications were down by 20 percent.   MBA... Read more
The number of residential properties with foreclosure filings reached an 11-year low during the third quarter
Foreclosure Activity Falls to 11-Year Low
The number of residential properties with foreclosure filings reached an 11-year low during the third quarter, according to a new report from ATTOM Data Solutions.   During the third quarter, 191,824 properties had foreclosure filings,... Read more
The Houston housing market has moved beyond the damage and chaos created by Hurricane Harvey in August
Houston’s Housing Market Bounces Back from Harvey
The Houston housing market has moved beyond the damage and chaos created by Hurricane Harvey in August, according to new data from the Houston Association of Realtors (HAR).   During September, single-family home sales in the Houston... Read more
The government-sponsored enterprises (GSEs) completed 13,845 foreclosure prevention actions in July
GSE Short Sales and Deeds-in-Lieu Down
The government-sponsored enterprises (GSEs) completed 13,845 foreclosure prevention actions in July, according to new data released by the Federal Housing Finance Agency (FHFA).   During July, Fannie Mae and Freddie Mac coordinated 10,217... Read more
HLP has named Larry Gilmore, a former HLP Chief Executive Officer and Founder, to HLP’s Board of Directors
Larry Gilmore Elected to HLP’s Board of Directors
HLP has named Larry Gilmore, a former HLP Chief Executive Officer and Founder, to HLP’s Board of Directors. Gilmore is currently Vice President of National Community Lending for HSBC, where he manages the company’s strategy to originate... Read more
Sierra Pacific Mortgage has named Jay Promisco Senior Vice President of Retail Lending
Sierra Pacific Mortgage Names Jay Promisco SVP of Retail Lending
Sierra Pacific Mortgage has named Jay Promisco Senior Vice President of Retail Lending. Based out of the corporate office in Folsom, Calif., Promisco will oversee the 100-plus retail branch network, including more than 500 team members.... Read more