Originations

American Financial Resources (AFR) has grown to become a major nationwide retail, wholesale and correspondent lender, funding over $3.5 billion in the past year alone
American Financial Resources (AFR) has grown to become a major nationwide retail, wholesale and correspondent lender, funding over $3.5 billion in the past year alone.   The year 2017 marks the 20th anniversary for AFR, a family business dedicated to helping other families realize their dreams of... Keep Reading....
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS) showing mixed results for both long- and short-term fixed-rate mortgages (FRM), with the 30-year rising slightly to 4.74 percent, with an average 0.8 point for the week, up from last week when it averaged 4.71 percent... more
Existing-home sales rose sharply in December, when sales increased for the fifth time in the past six months, according to a survey conducted by the National Association of Realtors (NAR). Existing home sales, which are completed transactions that include single-family, townhomes, condominiums and... more
Federal Deposit Insurance Corporation (FDIC) Chairman Sheila C. Bair has called for more modifications and fewer foreclosures during her Wednesday, Jan. 19 presentation before the Summit on Residential Mortgage Servicing for the 21st Century, sponsored by the Mortgage Bankers Association (MBA) in... more
According to the latest RE/MAX National Housing Report, defying the seasonal trend, December home sales rose by 13.2 percent from November in a survey of 54 metropolitan areas. Home sales dropped five percent from December 2009, but this is the lowest year-over-year drop the survey has seen in five... more