Mortage News

Analysis: The NY Times’ Slam on Homeownership
Yesterday’s print edition of the New York Times Magazine featured the article “How Homeownership Became the Engine of American Inequality” by Matthew Desmond, a Harvard scholar and the author of the Pulitzer Prize-winning “Evicted: Poverty... Read more
Florida Real Estate Trade Groups Merge
Two real estate broker trade associations in Florida’s Palm Beach and Broward counties have announced a plan to merge.   The proposed union of the Realtors Association of the Palm Beaches and Greater Fort Lauderdale Realtors will create an... Read more
San Francisco to Spend $44M on Teacher Housing
San Francisco has committed to spend $44 million to construct homes for its public school employees.   According to a San Francisco Examiner report, Mayor Ed Lee announced that the city will build building 135 affordable units at the... Read more
Finding the Best Markets for First-Time Buyers and Renters
Two new data reports offer strikingly different geographical points of interests for first-time homebuyers and recent college graduates seeking their first rental residences.   Zillow reports that two Florida markets, Orlando and Tampa,... Read more
DocMagic Inc. has announced that it has completed an integration with BeSmartee, a provider of mortgage automation technology
DocMagic Announces Partnership With BeSmartee
DocMagic Inc. has announced that it has completed an integration with BeSmartee, a provider of mortgage automation technology. This integration will create a seamless connection between the two technologies. DocMagic and BeSmartee will... Read more
Supreme Lending has expanded its Southwest territory with an additional branch in the Denver, market, to be led by industry veteran Carlos Ruiz who has been selected to manage the branch
Scott Somerville to Lead Supreme Lending’s New Kansas City Branch
Supreme Lending has expanded its Midwest territory with a new branch in Kansas City, to be led by industry veteran Scott Somerville.   Somerville has been originating residential mortgages for 17 years, providing hands-on client service... Read more
Following a first quarter in which Angel Oak Mortgage Solutions added 12 new account executives
Angel Oak Now Licensed in Rhode Island, Adds Five New AEs
Following a first quarter in which Angel Oak Mortgage Solutions added 12 new account executives, the company is continuing its aggressive growth by becoming licensed in Rhode Island, launching a Correspondent Channel and adding five new... Read more
Mortgage rates were on the rise in Freddie Mac’s latest Primary Mortgage Market Survey (PMMS)
Mortgage Rates Take an Uptick
Mortgage rates were on the rise in Freddie Mac’s latest Primary Mortgage Market Survey (PMMS), which covered the week ending May 11.   The 30-year fixed-rate mortgage (FRM) averaged 4.05 percent, up from last week when it averaged 4.02... Read more
The director of the Federal Housing Finance Agency (FHFA) urged Congress needs to take responsibility for housing finance reform
FHFA’s Watt: Congress Needs to Move on GSE Reform
The director of the Federal Housing Finance Agency (FHFA) urged Congress needs to take responsibility for housing finance reform and offer a strategy to end federal conservatorship of the government-sponsored enterprises (GSEs).   In an... Read more
In what is believed to be the first lawsuit of its kind, an Illinois homeowner is suing Zillow because the company’s Zestimate tool allegedly preventing the sale of her home
Homeowner Sues Zillow Over Disputed Zestimate
In what is believed to be the first lawsuit of its kind, an Illinois homeowner is suing Zillow because the company’s Zestimate tool allegedly preventing the sale of her home by repeatedly undervaluing the property.   According to a... Read more