Mortage News

30-Year Fixed Rate Mortgage at 3-Year High
The 30-year fixed mortgage rate has reached its highest level since April 2014, according to new data from Freddie Mac.   The 30-year fixed-rate mortgage (FRM) averaged 4.38 percent for the week ending Feb. 15, up from last week when it... Read more
input
New CFPB RFI Seeks Input on Supervision Processes
The Consumer Financial Protection Bureau (CFPB) has issued a new Request for Information (RFI), this team seeking input on the agency’s supervision processes.   The new RFI is the fourth in a series created by Acting Director Mick... Read more
LRES has announced that Paul Bush has been promoted to its vice president of technology
ATTOM Data Solutions Acquires Onboard Informatics
ATTOM Data Solutions has acquired Onboard Informatics, s provider of neighborhood data and data-enabled turnkey products to the real estate industry.   “Onboard has a long and accomplished track record as an innovator in enhancing and... Read more
Broken Window
Freddie Mac Reports $3.3B Q4 Loss
The other shoe dropped: One day after Fannie Mae reported a net loss of $6.5 billion in the fourth quarter of 2017 and the need for a $3.7 billion from the Treasury Department, Freddie Mac reported a $3.3 billion fourth quarter loss and... Read more
Jeffrey S. Taylor
Jeffrey S. Taylor, Reverse Mortgage Veteran, Dies at 75
Jeffrey S. Taylor, founding chairman of the National Reverse Mortgage Lenders Association (NRMLA), passed away on Feb. 13 at his home in Greensboro, N.C. He was 75 years old.   During the course of his 35-year career in the mortgage... Read more
Losses
Fannie Mae Absorbs $6.5B Q4 Loss
Fannie Mae reported a net loss of $6.5 billion in the fourth quarter of 2017 and stated that it will need $3.7 billion from the Treasury Department. Timothy J. Mayopoulos, president and CEO of Fannie Mae, blamed the government-sponsored... Read more
Home values rose 6.7 percent on a year-over-year basis in January to a median home value of $207,600, according to new data from Zillow
Survey: Most Buyers Not Fearful of Rising Mortgage Rates
The prospect of increasing mortgage rates will have almost no impact on the majority of prospective homebuyers, according to a new survey released by Redfin.   When asked how they would react if mortgage rates rise above 5 percent, only 6... Read more
Pete Carroll
Pete Carroll Joins CoreLogic's Government Affairs Team
Pete Carroll has joined CoreLogic’s Government Affairs team as executive for public policy and industry relations.   Carroll was previously executive vice president of Quicken Loans. Before that, he was senior vice president of capital... Read more
landscaping
Homeowners Spent $2,000 Per Year on Maintenance Services
The average U.S. homeowner spends an average of approximately $2,000 per year on maintenance services, according to new data released by Bankrate.com The survey also found 63 percent homeowners utilized at least one recurring maintenance... Read more
Baltimore Row Houses Pic
Declines in Mortgage Applications, Home Value Perceptions
Mortgage applications and homeowner perceptions of property values were both down this week, according to a pair of new data reports.   For the week ending Feb. 9, the Mortgage Bankers Association’s Market Composite Index dropped by 4.1... Read more