Mortage News

Home Prices Hit Peaks Despite Record Inventory Shortages
A pair of new data reports have found a vibrant housing market during May, despite record-level inventory shortages.   According to Redfin, home prices rose 6.8 percent to a median sale price of $288,000 last month, a 7.5 percent year-over... Read more
As part of World Elder Abuse Awareness Day (WEAAD), the National Reverse Mortgage Lenders Association (NRMLA) and the National Aging in Place Council (NAIPC) have jointly launched new consumer Web pages
NRMLA and NAIPC Offer Elder Abuse Resources
As part of World Elder Abuse Awareness Day (WEAAD), the National Reverse Mortgage Lenders Association (NRMLA) and the National Aging in Place Council (NAIPC) have jointly launched new consumer Web pages to help seniors recognize the signs... Read more
Franklin American Mortgage Company (FAMC) Technology has announced the formation of an Innovation Team to foster and advance innovation throughout the company
Sharon Frazier to Head Up Franklin American Mortgage’s New Innovation Team
Franklin American Mortgage Company (FAMC) Technology has announced the formation of an Innovation Team to foster and advance innovation throughout the company. Sharon Frazier has been named vice president of the new group that will be... Read more
Amid Fed Rate Hike, Mortgage Rates Rise
After yesterday’s decision by the Federal Reserve to raise interest rates, Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing average mortgage rates increasing across the board for the first time in... Read more
Castle & Cooke Mortgage has announced the opening of its newest branch in Escondido, Calif., to be led by industry veteran and San Diego County local Leslie Thomerson, who has 28 years of experience in the mortgage industry
Castle & Cooke Mortgage Taps Jodi Drake to Lead Northern Nevada Expansion
Castle & Cooke Mortgage has announced the opening of its new Reno, Nev. branch to be led by Jodi Drake, who has 17 years of experience in the industry and is licensed in both Nevada and California.   “Opening our first location in... Read more
New American Funding has named Joe Smith its new regional sales manager overseeing the Arizona market
New American Funding Names Joe Smith Arizona Regional Sales Manager
New American Funding has named Joe Smith its new regional sales manager overseeing the Arizona market. Smith, a top-producing mortgage professional, will be responsible for expanding the company’s brand statewide by recruiting new loan... Read more
Appraisal Gap Widens in May
Home values continue to lag owners’ expectations. Appraised values were an average of 1.93 percent lower than what homeowners expected, according to Quicken Loans’ National Home Price Perception Index (HPPI). The gap between estimated... 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
Mortgage Apps on the Upswing
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.   The Market Composite Index, increased... Read more
The Federal Reserve, at the discretion of the Federal Open Market Committee (FOMC), has decided to raise interest rates for the second time in three months, raising the lending rate by a quarter percentage point from one percent to 1.25 percent
Fed Hikes Rates, Looks to Reduce MBS
The Federal Reserve, at the discretion of the Federal Open Market Committee (FOMC), has decided to raise interest rates for the second time in three months, raising the lending rate by a quarter percentage point from one percent to 1.25... Read more
Mortgage Delinquencies Dropped to 10-Year Low
CoreLogic’s Loan Performance Insights Report shows that in March, nationally, 4.4 percent of mortgages were in some stage of delinquency (30 days or more past due including those in foreclosure), a 0.8 percentage point decline in the... Read more