Mortage News

The development, construction and ongoing operations within commercial real estate supported 6.25 million American jobs and pumped $861 billion into U.S. GDP during 2016
Commercial Real Estate Development Created. 6.25M Jobs in 2016
The development, construction and ongoing operations within commercial real estate supported 6.25 million American jobs and pumped $861 billion into U.S. GDP during 2016, according to the annual study “Economic Impacts of Commercial Real... Read more
Two luxury homes with distinctive histories are now on the market.
A Pair of Unusual Historic Residences Turn Up for Sale
Two luxury homes with distinctive histories are now on the market.   A residence designed by the legendary architect Frank Lloyd Wright in the Minneapolis suburb of St. Louis Park, Minn., is now listed at $1.395 million. The three-bedroom... Read more
Home prices increased last month by 7.5 percent to a median sale price of $273,000
Home Prices Up 7.5 Percent
If you needed more evidence that home prices are still soaring, the latest data from Redfin confirms just that: Home prices increased last month by 7.5 percent to a median sale price of $273,000. On a year-over-year basis, prices were up 8... Read more
Motto Mortgage, a member of the RE/MAX Holdings Inc. family of brands, now includes mortgage brokerage franchise opportunities in Connecticut, Kentucky, Maine and New Mexico
Motto Mortgage Continues Expansion With New Franchise Opportunities
Motto Mortgage, a member of the RE/MAX Holdings Inc. family of brands, now includes mortgage brokerage franchise opportunities in Connecticut, Kentucky, Maine and New Mexico.   “We continue to strategically increase the number of states in... Read more
Providing a Copy of Appraisal: Policy and Procedures
Question: We are drafting a new policy and procedures for providing a copy of an appraisal to the consumer. Would you please outline the most important requirements that we should include in it?  Answer Under Regulation B, the implementing... Read more
LRES has announced that Mark R. Johnson has been named as its chief strategy officer to create and implement new strategic priorities and ensure core company initiatives, services and partnerships that reflect the company’s plans for growth
Mark R. Johnson Joins LRES as Chief Strategy Officer
LRES has announced that Mark R. Johnson has been named as its chief strategy officer to create and implement new strategic priorities and ensure core company initiatives, services and partnerships that reflect the company’s plans for... Read more
The Hispanic Wealth Project (HWP), a blueprint to triple Hispanic household wealth by 2024
Hispanic Wealth Project Adds Several Corporate Partners
The Hispanic Wealth Project (HWP), a blueprint to triple Hispanic household wealth by 2024, has announced the addition of several new partners for 2017. HWP has focused its efforts on three component goals: Advancing sustainable... Read more
NAMB Announces United Wholesale Mortgage as Double Diamond Industry Partner
NAMB—The Association of Mortgage Professionals has announced that Troy, Mich.-based lender United Wholesale Mortgage (UWM) has become NAMB’s first Double Diamond Industry Partner under the association’s recently re-launched Industry... Read more
Loan Consultant AJ Befumo Joins Top Vine Mortgage
Top Vine Mortgage Services LLC has announced the addition of Loan Consultant Andrew (AJ) Befumo Jr. to their mortgage team. “A.J. comes to us with a solid reputation and over a decade of both mortgage wholesale and retail lending... Read more
The Consumer Financial Protection Bureau (CFPB) has announced a proposal to amend the 2015 updates to the Home Mortgage Disclosure Act (HMDA) Final Rule in regard to information that lenders are required to collect and report related to their home loan ac
CFPB Proposes HMDA Update
The Consumer Financial Protection Bureau (CFPB) has announced a proposal to amend the 2015 updates to the Home Mortgage Disclosure Act (HMDA) Final Rule in regard to information that lenders are required to collect and report related to... Read more