Mortage News

The level of credit defaults on first and second mortgages saw mild increases last month, according to the latest S&P/Experian Consumer Credit Default Indices
Mortgage Payments Eat Up More Median Household Income
What is the true cost of homeownership? According a new data analysis from Zillow, today’s typical monthly mortgage payment requires more of the average household income than it has anytime in the previous six years.   Zillow has... Read more
The real estate industry mantra “location, location, location” took on a rather toxic hue with ATTOM Data Solutions’ third annual Environmental Hazards Housing Risk Index
17.3M Homes in High Environmental Hazard Risk Areas
The real estate industry mantra “location, location, location” took on a rather toxic hue with ATTOM Data Solutions’ third annual Environmental Hazards Housing Risk Index, which determined that 17.3 million single-family homes and condos... Read more
Veros Real Estate Solutions has announced that its Sapphire valuation management platform is now available through Ellie Mae’s Encompass
Veros Integrates With Ellie Mae’s Encompass
Veros Real Estate Solutions has announced that its Sapphire valuation management platform is now available through Ellie Mae’s Encompass all-in-one mortgage management solution. The seamless integration allows lenders to place orders... Read more
LenderLive Network LLC has announced that it has reached a definitive agreement with PHH Mortgage Corporation to assume its private label fulfillment operations in Jacksonville, Fla.
LenderLive to Assume PHH’s Private Label Mortgage Ops in Jacksonville
LenderLive Network LLC has announced that it has reached a definitive agreement with PHH Mortgage Corporation to assume its private label fulfillment operations in Jacksonville, Fla. In late 2016, PHH announced that it would exit the... Read more
Michigan Mutual has named Greg Campbell director of its Wholesale Lending Division
Greg Campbell Named Director of Wholesale Lending for Michigan Mutual
Michigan Mutual has named Greg Campbell director of its Wholesale Lending Division, where he will be responsible for supporting the existing national sales team as well as expanding the company’s national footprint.   “Greg is a proven... Read more
Quandis Integrates its Court Case Search Solution with KMCIS’ CaseAware
Quandis Inc. has announced that it has seamlessly integrated its court case search solution, Quandis Court Connect (QCC), with KMC Information Systems LC’s (KMCIS) CaseAware case management system (CMS) for law firms.   QCC is a data... Read more
The Federal Housing Finance Agency (FHFA) has reported that 13,220 borrowers refinanced their mortgages through the Home Affordable Refinance Program (HARP) during the fourth quarter of 2016
FHFA Releases Q4 Refinance Data
The Federal Housing Finance Agency (FHFA) has reported that 13,220 borrowers refinanced their mortgages through the Home Affordable Refinance Program (HARP) during the fourth quarter of 2016, while the number of total refinances in the... Read more
The precarious state of California’s Oroville Dam has been one of the most dramatic news stories in recent days
CoreLogic Estimates Housing Damage From Potential Dam Collapse
The precarious state of California’s Oroville Dam has been one of the most dramatic news stories in recent days. And new data from CoreLogic estimates that if the dam were to completely fail, 50,047 single- and multi-family residential... Read more
There was a bit of an awkward seesaw ride taking place in newly released mortgage data, with the delinquency rate taking an uptick while the average FICO score level headed south
Delinquency Rates Up, Average FICO Scores Drop
There was a bit of an awkward seesaw ride taking place in newly released mortgage data, with the delinquency rate taking an uptick while the average FICO score level headed south.   The delinquency rate for mortgages on one-to-four-unit... Read more
United Wholesale Mortgage (UWM) has announced its inaugural Most Valuable Processor Award, created to recognize the most talented and hard-working loan processors in the industry as part of its “UWM Loves Processors” campaign
United Wholesale Mortgage Announces “Most Valuable Processor Award”
United Wholesale Mortgage (UWM) has announced its inaugural Most Valuable Processor Award, created to recognize the most talented and hard-working loan processors in the industry as part of its “UWM Loves Processors” campaign. The Call for... Read more