Pending Home Sales Increased in February
Pending home sales increased 2.4% in February compared with January and were up 9.4% compared with February 2019, according to the National...
Index Reveals Continued Trend Toward Clean Mortgage Applications
The First American Loan Application Defect Index for February 2020 shows that the frequency of defects, fraudulence and misrepresentation in the information...
CFPB Delays Quarterly HMDA Reporting for Mortgage Lenders
In these difficult times, the Consumer Financial Protection Bureau (CFPB) is providing flexibility for mortgage lenders by temporarily waving the requirement to...
Mortgage Rates Fall Sharply After Fed’s ‘Swift and Significant Efforts’
After rising for two consecutive weeks, mortgage rates dropped sharply, with the average rate for a 30-year, fixed-rate mortgage falling 15 basis...
Zillow: The Big Question is How to Limit Foreclosures
Low mortgage rates haven’t been enough to counter the devastating effect of the coronavirus pandemic on the U.S. housing market.
MBA: Most Profitable Fourth Quarter Since 2012
Mortgage bankers realized a net gain of $1,182 on each loan they originated in the fourth quarter, down from $1,924 per loan...
LendingTree Refi Activity Tripled Year Over Year
LendingTree’s latest report on U.S. home refinancing activity finds that the COVID-19 coronavirus pandemic has led to unprecedented volatility in mortgage interest...
Coronavirus Drags Down Mortgage Applications Nearly 30 Percent
The economic impact of coronavirus resulted in mortgage application volume plummeting 29.4% on an adjusted basis during the week ended March 20,...
Existing-Home Sales Jumped in February
Here’s some uplifting pre-COVID-19 housing data: Existing-home sales were at an annual rate of 5.77 million in February, an increase of 6.5%...
Refinancings Dominated Q4 2019 Mortgage Origination Volume
The fourth-quarter 2019 U.S. Residential Property Mortgage Origination Report from ATTOM Data Solutions shows that 1.27 million refinance mortgages were originated in...
Mortgage Rates Increase For a Second Straight Week
Mortgage rates increased for a second week, due mainly to ongoing volatility in the markets stemming from the coronavirus.
Total Expert Hires Anna Klombies as Chief People Officer
Anna Klombies has joined Total Expert, offering marketing, sales and compliance software for the mortgage industry, as chief people officer.
Refinance Share Increased, Average Time to Close Dropped in February
The refinance share of mortgage activity increased to 48% of all mortgages in February, up from 46% in January and up from...
Rate of New-Home Purchases Increases 25 Percent Year Over Year
Data for February 2020 from the Mortgage Bankers Association’s Builder Application Survey (BAS) shows that mortgage applications for new-home purchases increased 25.9%...
Equity Prime Mortgage Promotes Longtime Employees
Equity Prime Mortgage (EPM), an Atlanta-based lender that does business in 49 states, has promoted David Abrahamson to chief production officer and...
After Three Weeks of Gains, Mortgage Applications Fall to Coronavirus
After increasing for three consecutive weeks, mortgage application volume fell 8.4% during the week ended March 13, as rates increased and the...
First-Time Homebuyers Helped Drive 6% Increase in Homes Sales in Q4
Single-family home sales increased 6% in the fourth quarter of 2019 compared with a year earlier, according to according to Genworth Mortgage...
Non-QM Lender Angel Oak Opens New Location in West Palm Beach
Non-QM lender Angel Oak has opened a new branch in West Palm Beach, Fla., that is being managed by Todd Matthews.
Fed Funds Rate Pinned at Zero
The Federal Open Market Committee has voted to lower the target range for the federal funds rate to 0.0%-0.25%, with the intention...
Fannie Mae Survey: Lenders Bullish on Mortgage Profitability
Based on data that Fannie Mae collected in the first half of February for its Q1 2020 Mortgage Lender Sentiment Survey, lenders'...