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...
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%...
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...
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.
Robert Tyler-Cook: Three Things to Consider When Hiring Branch Managers
PERSON OF THE WEEK: What qualities should mortgage lenders look for when hiring branch managers?To find out, MortgageOrb...
Homeowners’ Equity Positions Continue to Strengthen Nationwide
CoreLogic’s Home Equity Report for the fourth quarter of 2019 says U.S. homeowners with mortgages have seen their equity increase by 5.4%...
Reverse Mortgage Software Firm ReverseVision Hires Joe Langner as President
Joe Langner is the new president of ReverseVision, a provider of reverse mortgage origination technology.Langner is a distinguished...
Average Rate For 30-Year Jumped this Week, But Remains Near Historic Low
The average rate for a 30-year mortgage increased seven basis points this week to 3.36%, up from 3.29% last week, according to...
ARMCO: Rate of Loan Defects Continued to Drop in Q3
Increasing refinance volume continued to drive down the rate of defects in mortgage applications in the third quarter of 2019, according to...
Mortgage Applications Jumped 55% as Rates Hit Lowest Level Since 2012
Mortgage application volume jumped an impressive 55.4% during the week ended March 6, according to data from the Mortgage Bankers Association’s (MBA)...
ClosingCorp Hires Dan Mugge as Chief Technology Officer
Dan Mugge has rejoined ClosingCorp, a provider of residential real estate closing cost data and technology, as chief technology officer.
Mortgage Credit Availability Dipped in February
Mortgage credit availability decreased in February, falling 0.3% compared with January to a score of 181.3 on the the Mortgage Bankers Association...