Mortage News

The Department of Housing and Urban Development (HUD) has filed a formal complaint against Facebook for allegedly violating the Fair Housing Act by enabling housing discrimination in its advertising platform
HUD Files Fair Housing Complaint Against Facebook
The Department of Housing and Urban Development (HUD) has filed a formal complaint against Facebook for allegedly violating the Fair Housing Act by enabling housing discrimination in its advertising platform.   In its complaint, HUD stated... Read more
Approximately 14 percent of all home listings had a price cut in June, according to new data from Zillow
More Home Listings are Cutting Prices
Approximately 14 percent of all home listings had a price cut in June, according to new data from Zillow. During the first half of this year, the share of listings with a price cut increased by 1.2 percentage points, more than double the... Read more
TMS has announced the addition of Greg Reed as Senior Vice President of Wholesale where he will oversee inside sales and will be a driving force in helping the TMS wholesale channel reach its goal to originate $1 billion a month by 2022
Greg Reed Tapped to Lead Wholesale Growth at TMS
TMS has announced the addition of Greg Reed as Senior Vice President of Wholesale where he will oversee inside sales and will be a driving force in helping the TMS wholesale channel reach its goal to originate $1 billion a month by 2022... Read more
RoundPoint Mortgage Servicing Corporation (RPMS) has been selected as a subservicing partner for Bay Point Advisors LLC
RoundPoint Selected as Subservicer by Bay Point Advisors
RoundPoint Mortgage Servicing Corporation (RPMS) has been selected as a subservicing partner for Bay Point Advisors LLC, an Atlanta-based private lender providing small- and medium-sized businesses with secured, mezzanine, bridge and DIP... Read more
Sales of existing single-family homes in California dropped by 0.9 percent from June to July, according to data from the California Association of Realtors (CAR)
California Median Home Price Drops by 1.9 Percent
Sales of existing single-family homes in California dropped by 0.9 percent from June to July, according to data from the California Association of Realtors (CAR). The 406,920 sold in July were lower than the 410,800 level in the previous... Read more
Denver-based LenderLive Holdings has announced the sale of its LenderLive Network LLC mortgage fulfillment and secondary marketing division to Computershare Loan Services, a New York-headquartered mortgage servicing provider
Computershare Loan Services Buys LenderLive Network
Denver-based LenderLive Holdings has announced the sale of its LenderLive Network LLC mortgage fulfillment and secondary marketing division to Computershare Loan Services, a New York-headquartered mortgage servicing provider.   The terms... Read more
Home sale prices during July recorded a 5.3 percent annualized increase to a median of $307,400, according to data from Redfin
Redfin: Home Sales and Prices Up in July
Home sale prices during July recorded a 5.3 percent annualized increase to a median of $307,400, according to data from Redfin. However, this represented the lowest growth rate level in nearly two years. Meanwhile, homes sales rose by 4.1... Read more
RoundPoint Mortgage Servicing Corporation (RPMS) has been selected as a subservicing partner for Bay Point Advisors LLC
Record Growth Earns RoundPoint Mortgage Servicing Inc. 5000 Recognition
Having achieved growth of more than 182 percent over the last three years, Inc. magazine has ranked RoundPoint Mortgage Servicing Corporation 2,386th on its Annual Inc. 5000 list of the nation's fastest-growing private companies. Companies... Read more
Credit Karma, the free credit score monitoring service, has acquired Approved, a San Francisco-headquartered mortgage platform
Credit Karma Acquires Mortgage Platform Approved
Credit Karma, the free credit score monitoring service, has acquired Approved, a San Francisco-headquartered mortgage platform. The two San Francisco-based companies did not make the terms of the transaction public. Andy Taylor, Founder... Read more
The Federal Housing Finance Agency (FHFA) reported that Fannie Mae and Freddie Mac completed 299,466 refinances during the second quarter, down from 356,002 in the first quarter
Refinance Activity and Rates Continue to Drop
The Federal Housing Finance Agency (FHFA) reported that Fannie Mae and Freddie Mac completed 299,466 refinances during the second quarter, down from 356,002 in the first quarter.  The second quarter saw 2,973 loans were refinanced through... Read more