Mortage News

Home prices during April were up by 6.9 percent year-over-year and were up also up 1.2 percent from the previous month
Yes, Home Prices Are Still Rising
Home prices during April were up by 6.9 percent year-over-year and were up also up 1.2 percent from the previous month, according to new data from CoreLogic.   All 50 states recorded annualized home price increases in April, with four... Read more
LenderClose has announced the addition of Sales Executive Benjamin Dinkins to its growing team of industry experts
LenderClose Adds Sales Executive Benjamin Dinkins
LenderClose has announced the addition of Sales Executive Benjamin Dinkins to its growing team of industry experts. Dinkins will focus on building relationships with credit unions and community banks, introducing them to the competitive... Read more
Black Knight has announced the acquisition of Philadelphia-based HeavyWater
Black Knight Acquires AI Provider HeavyWater
Black Knight has announced the acquisition of Philadelphia-based HeavyWater, a provider of artificial intelligence and machine learning (AI/ML) to the financial services industry. Black Knight will be integrating AIVA into its premier... Read more
For the second consecutive month, Midland, Texas, has topped Realtor.com’s listing of the nation’s hottest housing market
The Hottest Housing Market for May Is …
For the second consecutive month, Midland, Texas, has topped Realtor.com’s listing of the nation’s hottest housing markets. Boston, San Francisco and Columbus, Ohio, and Vallejo, Calif., maintained their respective second-, third-, fourth... Read more
The U.S. Department of Agriculture (USDA) has created a pilot program designed to increase homeownership opportunities on Native American tribal lands
USDA Pilot Program Aimed at Increasing Tribal Homeownership
The U.S. Department of Agriculture (USDA) has created a pilot program designed to increase homeownership opportunities on Native American tribal lands.   As part of this program, USDA will loan $800,000 each to Mazaska Owecaso Otipit... Read more
The monthly payment on a median-priced home purchased with a 20 percent downpayment increased by $150 per month
Average Monthly Payment to Buy Median-Priced Home Increases
The monthly payment on a median-priced home purchased with a 20 percent downpayment increased by $150 per month, according to new data from Black Knight Inc.   Among the markets with the highest averages of median income needed to purchase... Read more
Civic Financial Services LLC has announced that it has completed CIVIC 2018-1, a $190 million securitization, consisting of real estate investment loans originated 100 percent by CIVIC
Civic Completes $190 Million Securitization
Civic Financial Services LLC has announced that it has completed CIVIC 2018-1, a $190 million securitization, consisting of real estate investment loans originated 100 percent by CIVIC. The securitization is comprised of 548 loans that... Read more
Quicken Loans and the PGA Tour have announced a long-term agreement to create a new professional golf tournament in Detroit beginning in 2019
Quicken Loans Partners With the PGA Tour to Bring Stop to Detroit
Quicken Loans and the PGA Tour have announced a long-term agreement to create a new professional golf tournament in Detroit beginning in 2019. Quicken Loans has been working with officials from the PGA Tour for several years to bring golf’... Read more
The CSBS has announced that the West Virginia Division of Financial Institutions began using the National SAFE Mortgage Loan Originator (MLO) Test with Uniform State Content
West Virginia Begins Using Uniform Mortgage Test
The CSBS has announced that the West Virginia Division of Financial Institutions began using the National SAFE Mortgage Loan Originator (MLO) Test with Uniform State Content, bringing the total number of state agencies that use the test to... Read more
The Consumer Financial Protection Bureau (CFPB) is resuming its collection of consumer data used in fraud investigations after a nearly six-month suspension
CFPB Resumes Consumer Data Collection
The Consumer Financial Protection Bureau (CFPB) is resuming its collection of consumer data used in fraud investigations after a nearly six-month suspension. Acting CFPB Director Mick Mulvaney suspended the data collection after taking... Read more