Originations

First-time homebuyers in California are having the hardest time achieving their homeownership goal, according to a new data analysis from Bankrate.com.   This new study evaluated all 50 states based on home affordability relative to median income, credit availability, unemployment, market... Keep Reading....
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
Home prices continued their seemingly unstoppable ascent in the latest data from the S&P CoreLogic Case-Shiller Indices.   The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index set a 30-month annual return high in December 2016 with a 5.8 percent annual gain, up from 5.6... more
NAMB—The Association of Mortgage Professionals has announced that CEO Donald J. Frommeyer, CRMS, has decided to leave his position as chief executive officer of the association
NAMB—The Association of Mortgage Professionals has announced that CEO Donald J. Frommeyer, CRMS, has decided to leave his position as chief executive officer of the association, effective March 1, 2017.   Late last week, Frommeyer advised NAMB President Fred Kreger that he would be stepping down as... more
Cash sales accounted for 32.4 percent of total home sales in November 2016, according to data released by CoreLogic. This represents a 4.5 percent decline from the level recorded in November 2015
Cash sales accounted for 32.4 percent of total home sales in November 2016, according to data released by CoreLogic. This represents a 4.5 percent decline from the level recorded in November 2015.   Real estate-owned (REO) sales had the largest cash sales share in November 2016 at 60.2 percent—... more
The nation’s largest mortgage lender is being targeted for a boycott by consumer advocacy organizations claiming that the company is attempting to violate the constitutional rights of its employees and customers.   On Monday, a coalition of self-identified “pro-consumer groups” will announce a... more