FHA Raises Loan Limits For 2020
As a result of rising home prices, the Federal Housing Administration (FHA) has raised the baseline conforming loan limit for single-family mortgages...
Mortgage Rates Basically Flat Compared with Last Week
Mortgage rates continued to hold steady this week, as the average rate for a 30-year fixed-rate mortgage was 3.68%, unchanged from last...
Rate of Defects in Mortgage Applications Continued to Fall in October
The frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications fell 1.4% in October compared with September,...
Mortgage Applications Tumbled Nearly 10% Thanksgiving Week
Mortgage application volume fell 9.2% on an adjusted basis last week, due mainly to the Thanksgiving holiday, the Mortgage Bankers Association’s (MBA)...
Joe Ludlow: Wider Access to Financial Data is Key For Mortgage Operations
PERSON OF THE WEEK: Traditionally, mortgage lending companies have restricted access to sensitive financial data to a select few high-level executives (in...
Constrained by Lack of Supply, Pending Home Sales Fell in October
Pending home sales dipped 1.7% in October compared with September but were up 4.4% compared with October 2018, according to National Association...
New Home Sales Dipped in October But Remain Strong
New home sales were at a seasonally adjusted annual rate of 733,000 in October, down 0.7% compared with a revised 738,000 for...
Mortgage Rates Continue to Seesaw
Mortgage rates continued to seesaw this week, as the average rate for a 30-year fixed-rate mortgage jumped to 3.68%, up from 3.66%...
Knowing the Company Why: The Key to Understanding
BLOG VIEW: Have you ever wondered why your company exists? We all work for a company where we know what we provide,...
FHFA Taps Thaya Knight, Lydia Mashburn For Key Positions
Thaya Knight recently joined the Federal Housing Finance Agency (FHFA) as senior counsel for policy and regulation.In addition, Lydia...
Ross Mortgage Adds Nancy Aupperle, Teresa Ferman to its Executive Team
Nancy Aupperle recently joined Troy, Mich.-based Ross Mortgage as vice president of branch growth and development.In addition, Teresa...
Simplifile Sets New E-Recording Record
Driven by a surge in refinancing and digital mortgage adoption, Simplifile, a provider of e-recording software, recently set a new company record...
American Land Title Association Installs Mary O’Donnell as President
Mary O’Donnell has been installed as president of the American Land Title Association (ALTA), the national trade association of the land title...
Mortgage Banker Profits Improved in Q3 as Production Expenses Fell
A reduction in production expenses resulting from increased loan volume helped boost mortgage banker profits on the third quarter.
Average Rate for 30-Year Mortgage Fell Nine Basis Points
After increasing last week, mortgage rates reversed course, with the average rate for a 30-year fixed rate mortgage falling nine basis points...
More Than Half of Closed Loans in October Were Refinances
Driven by historically low rates, the refinance share of mortgage activity crossed the halfway mark in October, according to Ellie Mae’s Origination...
Applications For Refinances Slowing as Eligibility Pool Shrinks
Mortgage application volume decreased 2.2% on an adjusted basis during the week ended Nov. 15, as the average rate for a 30-year,...
Guaranteed Rate Welcomes the Return of Jon Altizer as a SVP of Mortgage Lending
Jon Altizer has joined Guaranteed Rate Affinity as a senior vice president of mortgage lending.Altizer has 20 years...
ARMCO Adds New Capabilities to ACES Audit Technology
ACES Risk Management (ARMCO), a provider of enterprise financial risk mitigation solutions, has released new enhancements to its auditing platform, ACES Audit...
Ginnie Mae Using eOriginal For E-Vault Software and Services
Ginnie Mae, which is planning on adopting e-notes, recently announced that it has selected eOriginal Inc. as its provider for e-vault software...
