Market Kinetix launches Deal Maker analysis tool

Dec 07, 2006

ResMAE offers 50/30 mortgage loanMortgagePress.com50/30 mortgage ResMAE Mortgage Corporation has announced the availability of a 50/30 mortgage loan. Amortized over 50 years and due in 30, the product is designed to provide homeowners with a lower monthly payment, without the potential major increases in payment or principal balance associated with other loan products, like option adjustable-rate mortgages. ResMAE Mortgage Corporation is a wholesale specialty residential mortgage lender and servicer headquartered in Brea, Calif. For more information, call (877) 473-7623 or visit www.resmae.com.

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Dec 07, 2006

Courts

LoanSnap Officially Loses Connecticut License

The AI mortgage startup formerly faced a cease and desist and a consent order from the State of Connecticut.

LoanSnap, Inc., an AI-powered mortgage startup, has had its license to operate revoked in Connecticut, according to a new Consent Order executed by the State's Banking Commissioner, Jorge Perez, on Oct. 2. The news follows LoanSnap's violation of a previous order, enacted in...

Analysis and Data

Mortgage Applications Fall After Rate-Jump

Refinance applications still 159% higher on an annual basis, reflecting last year's record lows

In the wake of a positive jobs report and subsequent rise in mortgage rates, more prospective borrowers held back this past week. Mortgage applications fell by 5.1% the week ending October 4, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applicati...