Mortage News

Residential foreclosure activity last month dropped to its lowest level since November 2005
Foreclosure Activity at 12-Year Low
Residential foreclosure activity last month dropped to its lowest level since November 2005, according to new statistics released by ATTOM Data Solutions.   There were 77,049 foreclosure filings—including default notices, scheduled... Read more
Paramount Residential Mortgage Group Inc. (PRMG) has named Cathy Modafferi Brogan as retail regional manager for the state of Colorado
Cathy Brogan Tapped to Lead PRMG’s Rocky Mountain Expansion
Paramount Residential Mortgage Group Inc. (PRMG) has named Cathy Modafferi Brogan as retail regional manager for the state of Colorado, bringing more than 30 years of experience in mortgage banking. Formerly, as chief executive officer at... Read more
Envoy Mortgage’s Correspondent Lending Division has announced the hiring of three new regional account managers, including Nicolle Nelson (Arizona, New Mexico, Colorado and Utah ), Steve Envoy Mortgage’s Correspondent Lending Division has announced the hi
Envoy Mortgage Adds Three New Regional Account Managers
Envoy Mortgage’s Correspondent Lending Division has announced the hiring of three new regional account managers, including Nicolle Nelson (Arizona, New Mexico, Colorado and Utah ), Steve Williams (California and Nevada), and Joe Collins (... Read more
The Mortgage Collaborative has announced the hiring of LaNette Holley as director of Strategic Initiatives
The Mortgage Collaborative Adds LaNette Holley as Director of Strategic Initiatives
The Mortgage Collaborative has announced the hiring of LaNette Holley as director of Strategic Initiatives.   “Adding LaNette to our team further enhances our ability to create innovative solutions that will benefit our lender member’s... Read more
HomeBridge Financial Services has announced that Julie Gill has joined its growing office in Shrewsbury, N.J.
NJ Mortgage Industry Vet Julie Gill Joins HomeBridge
HomeBridge Financial Services has announced that Julie Gill has joined its growing office in Shrewsbury, N.J. Gill’s 30-year career in mortgage lending encompasses a diverse range of professional roles, including time spent as a loan... Read more
Dart Appraisal Collecting Supplies for U.S. Troops
Dart Appraisal has teamed up with Operation Care Package of Michigan (OCPMI) to supply overseas troops with care packages throughout National Military Appreciation Month. OCPMI is a non-profit, volunteer-based organization that sends care... Read more
The Mortgage Bankers Association (MBA) took on the challenge of updating federal housing policy again with the release of the new white paper
The Best and Worst SFR Markets for Investors Are...
Yes, it’s time for another top 10 housing list—and today, the folks at HomeUnion are offering their lists for the top 10 best and worst housing markets for single-family rental (SFR) home investors during the first quarter.   For the 10... Read more
The Independent Community Bankers of America (ICBA) has become the latest trade group to offer a white paper offering a strategy to resolve the future of the government-sponsored enterprises (GSEs)
Homeowners and Appraisers Still Cannot Agree on Valuations
The difference in opinions between homeowners and appraiser regarding home values has widened further, according to new data from Quicken Loans.   Last month, Quicken Loans determined that appraisals were an average of 1.90 percent lower... Read more
The cash sales share for all home sales in January 2017 was 36.5 percent, unchanged from a year ago, according to new data from CoreLogic
Mortgage Applications Up 2.4 Percent
Last week saw upswings in the purchase and refinance markets, according to the latest Mortgage Bankers Association Weekly Mortgage Applications Survey for the week ending May 5.   The Market Composite Index increased by 2.4 percent on a... Read more
Rural communities are facing increasing limited access to bank branches, according to a new report issued by the National Community Reinvestment Coalition (NCRC)
Study Finds "Banking Deserts" Across Rural America
Rural communities are facing increasing limited access to bank branches, according to a new report issued by the National Community Reinvestment Coalition (NCRC).   With more than 6,000 bank branches closed since the 2008 financial crisis... Read more