Mortage News

Mortgage applications are up slightly, according to new data from the Mortgage Bankers Association (MBA) covering the week ending Aug. 11
Mortgage Applications Inch Upward
Mortgage applications are up slightly, according to new data from the Mortgage Bankers Association (MBA) covering the week ending Aug. 11.   The Market Composite Index saw a miniscule 0.1 percent uptick on a seasonally adjusted basis from... Read more
The national median existing single-family home price rose by 6.2 percent year-over-year during the second quarter, according to new data from the National Association of Realtors (NAR)
Median Home Price Hits New Quarterly Peak
The national median existing single-family home price rose by 6.2 percent year-over-year during the second quarter, according to new data from the National Association of Realtors (NAR). The median home price in the second quarter was $255... Read more
LenderLive Network LLC a business unit of LenderLive Holdings Inc., has announced that Sherry Valladares has joined the firm as Correspondent Lending Regional Account Manager
LenderLive Names Sherry Valladares Correspondent Lending Regional Account Manager
LenderLive Network LLC a business unit of LenderLive Holdings Inc., has announced that Sherry Valladares has joined the firm as Correspondent Lending Regional Account Manager. Valladares will cover the Northeast region and work with... Read more
Best Rate Referrals has announced the launch of Mortgage Advisor (MortgageAdvisor.com)
Best Rate Referrals Launches Mortgage Advisor Portal
Best Rate Referrals has announced the launch of Mortgage Advisor (MortgageAdvisor.com), a feature-rich Web site that will make it easier for consumers to navigate the mortgage financing process and connect with lenders. The new site will... Read more
A bipartisan duo of senators is reportedly working on a proposal that would break up the government-sponsored enterprises (GSEs)
MBA's Mortgage Action Alliance: A Message From MAA Chairman Gene M. Lugat
With the August recess looming, members of Congress are preparing to head home to their states and districts. It’s a perfect time for members of the Mortgage Action Alliance (MAA) to engage with your elected representatives. The MAA is a... Read more
Flagstar Bank has hired Kristy Fercho as President to lead the company’s mortgage business.
Kristy Fercho to Lead Mortgage Division for Flagstar Bank
Flagstar Bank has hired Kristy Fercho as President to lead the company’s mortgage business. Fercho previously served as Senior Vice President and Customer Delivery Executive for Fannie Mae.   Fercho was with Fannie Mae for 15 years,... Read more
FirstClose has announced the addition of John Park as Director of Business Development
FirstClose Hires John Park as Director of Business Development
FirstClose has announced the addition of John Park as Director of Business Development, where he will be responsible for driving adoption, client communication and product development. John began a relationship with FirstClose while he was... Read more
The Connecticut home that was the birthplace of one of the most important writers of the 19th century is up for sale
For Sale on eBay: The Harriet Beecher Stowe Birthplace
The Connecticut home that was the birthplace of one of the most important writers of the 19th century is up for sale. But don’t look for it on a multiple listing service—the property is was deconstructed and is stored in four storage... Read more
A strong rush of activity during the second quarter helped fuel the overall total of commercial mortgage-backed securities (CMBS) loans closed in the first half of 2017
CMBS Loan Closings Double in Q2
A strong rush of activity during the second quarter helped fuel the overall total of commercial mortgage-backed securities (CMBS) loans closed in the first half of 2017, according to data released by Trepp LLC.   In a new report, Trepp... Read more
The search for affordable homeownership opportunities is forcing more people to search outside of the metro market where they reside, according to new data from Redfin
More Potential Homebuyers Searching Outside of Their Metro Market
The search for affordable homeownership opportunities is forcing more people to search outside of the metro market where they reside, according to new data from Redfin.   The second quarter edition of the Redfin Migration Report determined... Read more