Genworth's IO 40 features smaller payment increase

Sep 28, 2006

IndyMac enhances e-MITS online loan origination systemMortgagePress.comOnline loan origination system IndyMac Bank FSB has implemented two significant technology enhancements to its e-MITS online loan origination system. The first enhancement is the addition of piggyback loan functionality, which gives brokers the ability to enter a concurrent first and second lien in one e-MITS submission, eliminating additional data entry. The second is the ability to automatically add a HELOC, to complement an approved high loan-to-value standalone first mortgage. If a prospective borrower were to qualify, a HELOC would automatically be added to the standalone first mortgage, which could then be accepted, modified or canceled. IndyMac Bank is a savings and loan, based in Pasadena, Calif. For more information, call (800) 669-2300 or visit www.indymac.com.

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Sep 28, 2006

Analysis and Data

Mortgage Rates Surpass 7% For First Time This Year

Freddie Mac reported the 30-year fixed-rate mortgage averaged 7.10%.

Freddie Mac today released its Primary Mortgage Market Survey, revealing the 30-year fixed-rate mortgage (FRM) averaged 7.10%, breaching the 7% threshold for the first time this year. “The 30-year fixed-rate mortgage surpassed 7% for the first time this year, jumping from...

Analysis and Data

Existing Home Sales Decline By 4.3% In March

Northeast the only region to see an uptick in sales over prior month, per a new report from the National Association of Realtors

Fewer people bought homes this March than the month before and during March 2023, a new report from the National Association of Realtors (NAR) reveals. Total existing-home sales receded 4.3% from February to a seasonally adjusted annual rate of 4.19 million in March. Year...