Mortage News

Motto Mortgage, an innovative mortgage brokerage franchise and the second member of the RE/MAX Holdings Inc. family of brands, has announced that its offering of mortgage brokerage franchise opportunities is now effective in Virginia
Motto Mortgage, a mortgage brokerage franchise and the second member of the RE/MAX Holdings family of brands, has announced that its offering of mortgage brokerage franchise opportunities is now effective in Indiana, North Dakota, Rhode... Read more
Dr. Ben Carson, the retired neurosurgeon nominated by President-Elect Trump to become the next Secretary of the U.S. Department of Housing & Urban Development (HUD)
Dr. Ben Carson, the retired neurosurgeon nominated by President-Elect Trump to become the next Secretary of the U.S. Department of Housing & Urban Development (HUD), presented himself before the Senate Banking Committee this morning... Read more
For the second consecutive week, Freddie Mac’s Primary Mortgage Market Survey has found average mortgage rates on the decline.   The 30-year fixed-rate mortgage averaged 4.12 for the week ending January 12, down from last week when it... Read more
One of the nation’s leading credit scoring companies has released a study that shows the use of trended credit data along with a traditional credit report could expand consumer access to credit to 1.5 million consumers per year.   The... Read more
CoreLogic has released its August 2016 National Foreclosure Report which shows the foreclosure inventory declined by 29.6 percent and completed foreclosures declined by 42.4 percent compared with August 2015
The U.S. housing market ended 2016 with lowest level of foreclosure filings in 10 years, according data released by ATTOM Data Solutions.   The newly published Year-End 2016 U.S. Foreclosure Market Report determined there were foreclosure... Read more
Jeffrey M. Lacker, president and chief executive officer of the Federal Reserve Bank of Richmond, announced that he will retire on Oct. 1
Jeffrey M. Lacker, president and chief executive officer of the Federal Reserve Bank of Richmond, announced that he will retire on Oct. 1. Lacker joined the Richmond Fed in 1989 and served in various leadership positions prior to taking on... Read more
For the first time in six month, the gap between homeowner estimates and appraiser opinions expanded, according to the latest National Home Price Perception Index (HPPI) released by Quicken Loans
For the first time in six months, the gap between homeowner estimates and appraiser opinions expanded, according to the latest National Home Price Perception Index (HPPI) released by Quicken Loans. The new HPPI data found the average... Read more
The new year kicked off on a positive note regarding prospective homeowners, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Jan. 6
The new year kicked off on a positive note regarding prospective homeowners, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Jan. 6. The Market Composite Index increased 5.8 percent... Read more
More blacks and Hispanics received home purchase loans in 2015, but they also experienced higher levels of loan denial, according to Home Mortgage Disclosure Act (HMDA) data released by the Federal Financial Institutions Examination Council (FFIEC)
Homeowners in predominantly African-American communities are twice as likely to be underwater on their mortgages as homeowners in mostly White communities, according to a new report by Zillow. Although the national negative equity rate was... Read more
In advance of Thursday’s Senate confirmation hearing of Dr. Ben Carson to become the next Secretary of the U.S. Department of Housing & Urban Development (HUD)
In advance of Thursday’s Senate confirmation hearing of Dr. Ben Carson to become the next Secretary of the U.S. Department of Housing & Urban Development (HUD), the mortgage industry’s leading trade group voiced its support of the... Read more

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