NAMB releases new trend data on 2007 mortgage markets: Conservative trend continues as market corrects

National Mortgage Professional

Sep 24, 2007

Ellie Mae releases Web-hosted Encompass Banker EditionMortgagePress.comLoan origination software Ellie Mae has released a Web-hosted version of Encompass Banker Edition, its loan originating software customized for mortgage bankers. Now, mortgage bankers, as well as Mortgage Brokers making the transition to banking, can utilize a "pay-as-you-go" model, without having to manage deployment or maintain in-house software. Dublin, Calif.-based Ellie Mae is a software and services provider for the mortgage industry. For more information, call (877) 355-4362 or visit www.elliemae.com.

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Sep 24, 2007

Analysis and Data

Existing-Home Sales Fell Again In July

Median house price was $403,800, up nearly 11% YOY, but down from June.

Sales of existing homes fell nearly 6% in July, the sixth straight-monthly decline, with all four U.S. regions recording fewer sales, the National Association of Realtors said today. Total existing-home sales — completed transactions that include single-family homes, townho...

Analysis and Data

Mortgage Rates Dip Slightly

Home purchase demand expected to drag through the end of the year.

Freddie Mac’s weekly Primary Mortgage Market Survey report released Thursday shows that fixed mortgage rates averaged 5.13%, leading to an expectation that purchase demand will likely continue to drag over the rest of the year and home price growth will decelerate. “Inflat...