Mortage News National Mortgage Professional Magazine
Subscribe

Mortage News

The U.S. lodging sector is on course for a tenth consecutive year of growth in 2019, according to a new forecast from CBRE Hotels Americas Research
CBRE: Lodging Sector to See Continued Growth in 2019
The U.S. lodging sector is on course for a tenth consecutive year of growth in 2019, according to a new forecast from CBRE Hotels Americas Research.   The new forecast anticipates a 66.2 percent increase in hotel occupancy next year, which... Read more
Next year will be marked by increasing mortgage rates and decreasing affordable homeownership opportunities, according to a new forecast from Zillow
Zillow Predicts 5.8 Percent Mortgage Rate in 2019
Next year will be marked by increasing mortgage rates and decreasing affordable homeownership opportunities, according to a new forecast from Zillow.   Zillow is predicting the 30-year fixed mortgage will be at 5.8 percent by the end of... Read more
Although business activity during the week of Nov. 19 was truncated due to the Thanksgiving holiday, homebuyers were on the prowl for mortgages, according to new data from the Mortgage Bankers Association (MBA)
Mortgage Applications Up, Home Sales Down
Although business activity during the week of Nov. 19 was truncated due to the Thanksgiving holiday, homebuyers were on the prowl for mortgages, according to new data from the Mortgage Bankers Association (MBA).   The Market Composite... Read more
ACES Risk Management (ARMCO) has announced new product enhancements that increase QC process efficiency and security for lenders and servicers using its auditing platform, ACES Audit Technology
ARMCO Advances QC Efficiency Via ACES Upgrade
ACES Risk Management (ARMCO) has announced new product enhancements that increase QC process efficiency and security for lenders and servicers using its auditing platform, ACES Audit Technology. The top features of this upgrade include the... Read more
When it comes to a homebuyer’s debt-to-income (DTI) ratio, the city with the greatest debt level is Honolulu, according to a data analysis by Realtor.com
The City with the Highest DTI Ratio Is …
When it comes to a homebuyer’s debt-to-income (DTI) ratio, the city with the greatest debt level is Honolulu, according to a data analysis by Realtor.com.   Honolulu boasts a median list price of $692,600 and a median mortgage borrower’s... Read more
Greenway Mortgage, headquartered in Middletown, N.J., has announced the launch of Emerald Home Loans (EHL), a consumer-focused direct division
Greenway Mortgage Opens Consumer-Direct Division
Greenway Mortgage, headquartered in Middletown, N.J., has announced the launch of Emerald Home Loans (EHL), a consumer-focused direct division.   According to the company, EHL will use a digital platform offer loan products for purchase,... Read more
FHFA Boosts Maximum Conforming Loan Limit
The Federal Housing Finance Agency (FHFA) is raising the maximum conforming loan limit for mortgages to be acquired by Fannie Mae and Freddie Mac to $484,350 in 2019, up from the current limit of $453,100.   The FHFA asserted that the... Read more
Embrace Home Loans has announced that Jodi Viniello has joined the company as Chief Innovation and Transformation Officer
Jodi Viniello Named Chief Innovation and Transformation Officer for Embrace Home Loans
Embrace Home Loans has announced that Jodi Viniello has joined the company as Chief Innovation and Transformation Officer. Viniello is an operations and IT executive and certified project management professional with more than 20 years of... Read more
TD Bank has announced the launch of a digital mortgage platform powered by the Roostify technology system DecisionBuilder
TD Bank Debuts Digital Mortgage Platform
TD Bank has announced the launch of a digital mortgage platform powered by the Roostify technology system DecisionBuilder.   According to the Cherry Hill, N.J.-headquartered bank, the new digital mortgage will enable consumers to study... Read more
A coalition of 31 financial services and housing trade associations called on Senate leaders to confirm President Trump’s nomination of Michael Bright as the next president of Ginnie Mae
Trade Groups Urge Confirmation of Ginnie Mae Nominee
A coalition of 31 financial services and housing trade associations called on Senate leaders to confirm President Trump’s nomination of Michael Bright as the next president of Ginnie Mae. Bright has served as acting president of Ginnie... Read more