Monday, October 28, 2024

Residential Mortgage

Mortgage Rates Fall to Yet Another Historic Low

Mortgage rates fell to a new low this week, with the average rate for a 30-year fixed-rate mortgage at 2.98%, down from 3.03% the...

Tips for Working with Self-Employed Borrowers

(Editor's note: Information in this article is subject to change as the GSEs continue to update requirements.) BLOG VIEW: According to Pew Research, about 16...

CoreLogic Rolls Out New Insurance Solution

Property data and analytics solutions provider CoreLogic has deployment its first fully integrated insurance solution that provides a one-stop shop for insurance companies looking...

Mortgage Rates Hit New All-Time Low

Mortgage rates dropped to a new all-time low during the week ended July 9, as the average rate for a 30-year fixed-rate mortgage fell...

COVID-19 Crisis Caused Mortgage Credit to Further Tighten in June

Mortgage credit availability tightened in June, falling 3.3% compared with May to a score of 125.0 on the the Mortgage Bankers Association’s (MBA) Mortgage...

Fercho to Assume Leadership at Wells Fargo Home Lending

Wells Fargo & Co. has named Kristy Fercho its new head of Wells Fargo Home Lending, replacing Michael DeVito, who is retiring after more...

Elly Leonida: Mortgage Servicers Must Stay Prepared For Rising Flood Risk

PERSON OF THE WEEK: The risk of flooding continues to rise for U.S. residential properties - with 2019 being one of the wettest years...

Industry Groups Develop Model Executive Order to Help States Standardize RON

The Mortgage Bankers Association (MBA), American Land Title Association (ALTA) and National Association of Realtors (NAR) have jointly developed a model executive order to...

Mortgage Applications Resume Their Upward Trend

After decreasing the previous two weeks, mortgage applications rebounded during the week ended July 3, rising 2.2% on an adjusted basis compared with the...

Law Firm Bolsters Real Estate Finance Team

Law firm Thompson & Knight LLP says Keith Brandofino, Maximiliano Rinaldi and David V. Mignardi have joined the firm's New York office in the...

Mortgage Applications Dipped Again Last Week

Mortgage application volume dipped 1.8% on an adjusted basis during the week ended June 26, as the average rate for a 30-year-fixed rate mortgage...

Listy Limon: Diversity a Key Component of Success in the Mortgage Market

PERSON OF THE WEEK: The glass ceiling has been shattered and women now make up a significant - and growing - share of the...

Total Expert Taps Josh Lehr as Director of Strategy, Consumer Direct

Josh Lehr has joined Total Expert, offering a fully-integrated marketing and customer experience platform for the mortgage and financial services industries, as director of...

A Holistic View of the Lending Process

BLOG VIEW: Over the past few years, mortgage visionaries have had many reasons to begin looking at the mortgage origination process in new ways....

Waterstone Mortgage Announces Resignation of CEO

Andy Peach has resigned as president and CEO of Waterstone Mortgage, effective July 31. “We appreciate the contributions Andy made to Waterstone Mortgage and wish...

Pending Home Sales Bounced Back in May

Pending home sales rebounded in May, increasing 44.3% compared with April to reach a score of 99.6 on the National Association of Realtors’ (NAR)...

Garrett Mays: For AMCs, Constant Change is the Biggest Challenge

PERSON OF THE WEEK: Appraisal management companies face a slew of operational challenges - keeping up with ever-changing laws and regulations on the federal,...

Mortgage Losses Due to COVID-19 a Major Investor Concern

BLOG VIEW: In three months investor concern for mortgage losses went from distant thought to major valuation worry. An unprecedented virus spread has driven U.S....

Mortgage Rates Sit Flat to End June

The 30-year fixed-rate mortgage averaged 3.13 percent with an average 0.8 point for the week ending June 25, which was unchanged from the week...

Despite Pandemic, New Home Sales Jumped in May

New home sales in May were at a seasonally adjusted annual rate of 676,000, representing an increase of 16.6% compared with a revised rate...