Mortage News

Surprise! Survey Details Buyer Astonishment at Closing Costs
When it comes to closing costs, more than a few homebuyers are finding themselves in a state of sticker shock.   According to survey of 1,000 first-time and repeat buyers conducted on behalf of ClosingCorp, 17 percent of all homebuyers... Read more
A Gloomy Wednesday in Housing Data
A sense of pessimism permeated today’s latest housing data, with a lower level of mortgage applications and a widening gap between homeowner estimates and appraiser opinions.   The Mortgage Bankers Association’s Weekly Mortgage... Read more
Sen. Ted Cruz (R-TX) has introduced legislation to shut down the Consumer Financial Protection Bureau (CFPB)
Ted Cruz Seeks to Abolish the CFPB
Sen. Ted Cruz (R-TX) has introduced legislation to shut down the Consumer Financial Protection Bureau (CFPB). Cruz’s bill, S.370, is mirrored in the House of Representatives with similar legislation from Rep. John Ratcliffe (R-TX). The... Read more
New Data Identifies Top Markets for Buyers, Sellers and Relocations
It seems the surplus of Top 10 housing marketing lists has yet to abate, as two new offerings are now being offered.   Zillow named its Top 10 lists for the best buyers’ market and the best sellers’ market. On the buyers’ side, property... Read more
Republican leaders in Congress are calling on Federal Reserve Chairwoman Janet Yellen
Yellen: Dodd-Frank Made Banks Safer
Federal Reserve Chairwoman Janet Yellen used congressional testimony to take umbrage at the notion that the Dodd-Frank Act negatively impacted the U.S. financial services industry.   According to Bloomberg coverage of her appearance before... Read more
HomeBridge Financial Services Inc. has announced the completed purchase of the operating assets of Prospect Mortgage LLC from Prospect Holding Company LLC
HomeBridge Completes Purchase of the Operating Assets of Prospect Mortgage
HomeBridge Financial Services Inc. has announced the completed purchase of the operating assets of Prospect Mortgage LLC from Prospect Holding Company LLC. First announced Nov. 1, 2016 and completed Feb. 2, 2017, the purchase now makes... Read more
Mortgage Applications Up, Foreclosures Down
Today’s housing data news could be seen as the industry’s Valentine’s Day gift to the economy.   Mortgage applications for new home purchases in January increased by 22 percent from December and by 9.2 percent from a year ago, according to... Read more
The Senate voted Monday night to confirm former financial services industry executive Steven Mnuchin as Secretary of the Treasury
Mnuchin Confirmed as Treasury Secretary
The Senate voted Monday night to confirm former financial services industry executive Steven Mnuchin as Secretary of the Treasury in a 53-47 vote that mostly adhered to party lines, with West Virginia Sen. Joe Manchin as the only Democrat... Read more
The Consumer Financial Protection Bureau (CFPB) has charged Prospect Mortgage LLC with paying illegal kickbacks for mortgage business referrals and ordered it to pay a $3.5 million civil penalty
Analysis: The NY Times’ Wobbly Defense of the CFPB
At a time when it is increasingly difficult to separate news from #FakeNews, the New York Times presented a lavish praise of the Consumer Financial Protection Bureau (CFPB) that offered little evidence of objective observation. Even worse... Read more
Inlanta Mortgage has announced the addition of Brian Jensen, regional vice president of Business Development
Inlanta Mortgage Welcomes Brian Jensen as RVP of Business Development
Inlanta Mortgage has announced the addition of Brian Jensen, regional vice president of Business Development.   “Inlanta has seen significant growth over the past year,” said Inlanta Mortgage President and CEO Nicholas DelTorto. “We moved... Read more