Mortage News

A Message From Florida Association of Mortgage Professionals President Kimber White, CRMS
How time flies … it has been 90 days since I became FAMP President. When I was installed, my theme was “The Year of the Member.” At that time, I set three goals for the year:   1) Offer tools to educate the consumer and the mortgage loan... Read more
HomeBridge has announced that John Rondi has joined the company in its recently opened Wayne, N.J. location
MLO John Rondi Joins HomeBridge
HomeBridge has announced that John Rondi has joined the company in its recently opened Wayne, N.J. location. A 25-year veteran of the New Jersey mortgage industry, Rondi is well-regarded for both his prowess as a Mortgage Loan Originator,... Read more
The Urban Institute’s Housing Finance Policy Center is proposing that the Federal Housing Administration (FHA) separate its reverse and forward mortgages in order the better mitigate risks to its programs
Should the FHA Separate Forward and Reverse Mortgages?
The Urban Institute’s Housing Finance Policy Center is proposing that the Federal Housing Administration (FHA) separate its reverse and forward mortgages in order the better mitigate risks to its programs.   In a blog posting, Housing... Read more
Mortgage rates were mostly down this week, according to the latest Freddie Mac Primary Mortgage Market Survey (PMMS)
Mortgage Rates Take a Dip
Mortgage rates were mostly down this week, according to the latest Freddie Mac Primary Mortgage Market Survey (PMMS).   The 30-year fixed-rate mortgage (FRM) averaged 3.90 percent for the week ending Nov. 30, down from last week when it... Read more
The chaos created in Richard Cordray’s departure from the Consumer Financial Protection Bureau (CFPB) was planned well in advance of his resignation last week, despite staff warnings of the problems it would create
CFPB Official: Cordray Exit a “Political Stunt”
The chaos created in Richard Cordray’s departure from the Consumer Financial Protection Bureau (CFPB) was planned well in advance of his resignation last week, despite staff warnings of the problems it would create.   According a Business... Read more
The delinquency rates for commercial and multifamily mortgages held steady between the second and third quarters, and delinquency rates for loans held in bank portfolios reached a 24-year low
Commercial and Multifamily Delinquency Rate Holds Steady
The delinquency rates for commercial and multifamily mortgages held steady between the second and third quarters, and delinquency rates for loans held in bank portfolios reached a 24-year low, according to the latest Mortgage Bankers... Read more
Flagstar Bank has announced that it is now accepting eNotes to fund its warehouse lending transactions
Flagstar Bank Continues the Drive for Paperless
Flagstar Bank has announced that it is now accepting eNotes to fund its warehouse lending transactions.   "This is great news for our customers," said Joe Lathrop, Head of Warehouse Lending for Flagstar. "They'll be able to clear their... Read more
Guaranteed Rate has announced the promotion and broadened scope of responsibilities for Senior Vice Presidents and Divisional Managers James Elliott and Chris Knapp who, in addition to their current roles, will lead the company’s nationwide sales and recr
Guaranteed Rate Promotes Two Execs
Guaranteed Rate has announced the promotion and broadened scope of responsibilities for Senior Vice Presidents and Divisional Managers James Elliott and Chris Knapp who, in addition to their current roles, will lead the company’s... Read more
The ongoing problems regarding shrinking inventory will see a turnaround next year, according to Realtor.com’s 2018 National Housing Forecast
Will Inventory Constraints Ease in 2018?
The ongoing problems regarding shrinking inventory will see a turnaround next year, according to Realtor.com’s 2018 National Housing Forecast.   “Next year will set the stage for a significant inflection point in the housing shortage,”... Read more
The Mortgage Bankers Association (MBA) has raised an objection to a provision in the tax bill being put forth by Senate Republicans that that significantly changes the tax code regarding mortgage servicing rights (MSRs)
MBA Objects to Tax Bill Provision on MSRs
The Mortgage Bankers Association (MBA) has raised an objection to a provision in the tax bill being put forth by Senate Republicans that that significantly changes the tax code regarding mortgage servicing rights (MSRs).   The provision (... Read more