New HUD data shows growth in reverse mortgage activity: Miami is country’s largest market

Jan 07, 2009

Tennessee's SB 4160 to become effective Jan. 1MortgagePress.comSB 4160, Commissioner of Commerce and Insurance, fingerprinting, education requirements Tennessee Senate Bill 4160 becomes effective on Thursday, Jan. 1, 2009. Key points of the legislation include: • New authorization for the Commissioner of Commerce and Insurance to require fingerprints from certain license and registration applicants; • Amended initial education requirements for mortgage lender, mortgage broker, mortgage servicer, and mortgage loan originator license and registration applicants; • New disclosure requirements for stockholders owning ten percent (10%) or more of outstanding capital stock; and • Provisional authorization for mortgage loan originators to conduct business while awaiting registration approval from the Commissioner. For more information of SB 4160, click here.

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Jan 07, 2009

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...