Mortage News

The U.S. median existing single-family home price in the fourth quarter was $247,800, according to new data from the National Association of Realtors (NAR)
Fourth Quarter Home Prices Up 5.3 Percent
The U.S. median existing single-family home price in the fourth quarter was $247,800, according to new data from the National Association of Realtors (NAR). The fourth quarter’s price was up 5.6 percent from the third quarter and up 5.3... Read more
Global DMS has launched EVO-Commercial (EVO-C)
Global DMS Launches Commercial Lending Valuation Management Platform
Global DMS has launched EVO-Commercial (EVO-C), a 100 percent configurable platform that is fully customizable, quick and easy to implement, eliminating numerous steps in the workflow process, lowering system maintenance costs and... Read more
NAMB has praised the House of Representative for passing HR 1153, the Mortgage Choice Act, which is designed to amend the Truth-in-Lending Act (TILA)
NAMB Applauds House Passage of Mortgage Choice Act
NAMB has praised the House of Representative for passing HR 1153, the Mortgage Choice Act, which is designed to amend the Truth-in-Lending Act (TILA) to specify that neither escrow charges for insurance nor affiliated title charges shall... Read more
The Consumer Financial Protection Bureau (CFPB) has released a five-year Strategic Plan that offers a very different approach to regulatory oversight than the draft version initially released in October 2017
Mulvaney: CFPB Keeps Priorities While Moderating Tactics
In an interview ahead of the release of a revised strategic plan for his agency, Mick Mulvaney, the Acting Director of the Consumer Financial Protection Bureau (CFPB), signaled that he is planning to maintain the CFPB’s mission as defined... Read more
The level of commercial and multifamily mortgage originations during 2017 was up 15 percent from the previous year, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations
Commercial Mortgage Originations Ended 2017 on a High Note
The level of commercial and multifamily mortgage originations during 2017 was up 15 percent from the previous year, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers... Read more
Ginnie Mae has sent warning to nine lenders that they will be removed from the agency’s mortgage program unless they cease repeated and unnecessary refinancing of home loans by military personnel and veterans
Ginnie Mae Gets Tough on Churning
Ginnie Mae has sent warning to nine lenders that they will be removed from the agency’s mortgage program unless they cease repeated and unnecessary refinancing of home loans by military personnel and veterans.   According to a Bloomberg... Read more
A single homebuyer needs to devote 11 years to savings for a 20 percent downpayment on the typical U.S. home, while married or partnered couples require less than five years
Zillow: The Odds Seem Stacked Against Single Homebuyers
A single homebuyer needs to devote 11 years to savings for a 20 percent downpayment on the typical U.S. home, while married or partnered couples require less than five years, according to a new Zillow analysis.   Of course, some markets... Read more
Mortgage Quality Management and Research LLC (MQMR) has hired Mitchell Nomura as Internal Audit Manager
MQMR Names Mitchell Nomura as Internal Audit Manager
Mortgage Quality Management and Research LLC (MQMR) has hired Mitchell Nomura as Internal Audit Manager. In his new role, Nomura will apply his more than 30 years of experience, overseeing compliance and risk management departments at bank... Read more
The California cities of San Diego and Lemon Grove have announced plans to sell lots for $1.00 each to a nonprofit land trust that will use the land to construct residential property for middle-class families
Calif. Cities Selling Housing Lots for One Dollar Each
The California cities of San Diego and Lemon Grove have announced plans to sell lots for $1.00 each to a nonprofit land trust that will use the land to construct residential property for middle-class families.   According to a San Diego... Read more
Thirty Democrat and two Independent senators have called on the Consumer Financial Protection Bureau (CFPB) to explain the state of its investigation into last year’s Equifax data breach
Dems Seek Answers on CFPB’s Equifax Actions
Thirty Democrat and two Independent senators have called on the Consumer Financial Protection Bureau (CFPB) to explain the state of its investigation into last year’s Equifax data breach. According to a report in The Hill, Sen. Brian... Read more