Chase Taps Google’s Data to See What Mortgage Info Is Being Searched
Chase Home Lending and Google recently announced a partnership whereby the organizations are collaborating to see how and what people are searching to find...
The Mortgage Collaborative Adds Correspondent Investor to Network
Independent mortgage cooperative The Mortgage Collaborative has partnered with national correspondent investor and mortgage loan servicer The Money Source.
The Money Source specializes in direct-to-agency...
RE/MAX: Home Sales Continue to Break Records
According to the July 2017 RE/MAX National Housing Report, June 2017 home sales were 1.4% higher than in June 2016, which was previously the...
Specialty Mortgage Bank Deploys New Underwriting System
Cascade Financial Services, an independent mortgage bank based in Arizona, has implemented LoanScorecard’s Portfolio Underwriter as its automated underwriting system (AUS).
Cascade, which is currently...
Americans View Homeownership as a Good Investment But Affordability as a Concern
Concerns over housing affordability show clear demographic divides, especially among unmarried and non-white Americans, according to the National Association of Realtors (NAR) 2017 Nation...
RBS Settles Mortgage Securities Lawsuit for $5.5 Billion
The Royal Bank of Scotland Group (RBS) has reached a settlement with the Federal Housing Finance Agency (FHFA), the conservator of Fannie Mae and...
Millennials Are Hot for Minnesota?
Millennials continue to compete for available housing inventory, but recent data from Ellie Mae shows that millennials are attracted to more affordable real estate...
Home Affordability is Moving Out of Reach in Many Places
While the risk of price declines remains low, affordability is increasingly a concern in cities across the U.S., according to the Summer 2017 edition...
IDS Boosts E-Mortgage Capabilities on Core Platform
International Document Services Inc. (IDS), a mortgage document preparation vendor, has expanded the settings and capabilities of its eSign room within the idsDoc mortgage...
Severn Bancorp Buying Maryland-Based Settlement Services Firm
Severn Bancorp Inc., the parent company of Severn Savings Bank FSB, is acquiring Mid Maryland Title Co., a real estate settlement company that handles...
Fannie Mae’s HPSI Shows Record-High Housing Sentiment
Fannie Mae’s Home Purchase Sentiment Index (HPSI) increased 2.1 percentage points in June to 88.3, matching the all-time high from February of this year,...
HSBC Reportedly Engaged in Negotiations with DOJ
Global banking behemoth HSBC Holdings is reportedly negotiating with the U.S. Department of Justice to potentially resolve open investigations regarding the company’s mortgage securities...
Home Prices ‘Up Strongly’ According to Newest Data
According to the CoreLogic Home Price Index (HPI) and HPI Forecast for May 2017, home prices are up strongly both year over year and...
United Shore Moving Corporate Headquarters
United Shore, parent company of wholesale lender United Wholesale Mortgage (UWM), is moving its corporate headquarters to Pontiac, Mich., in the summer of 2018.
The...
FHFA: Mortgage Rates Decreased in May
Nationally, interest rates on conventional purchase-money mortgages decreased from April to May, according to the Federal Housing Finance Agency (FHFA).
The National Average Contract Mortgage...
June Existing-Home Sales Projected to Decrease
June sales will hit a seasonally adjusted annual rate between 5.28 million and 5.64 million, with a targeted number of 5.49 million, down 2.3%...
Q2’17 Median Home Prices Least Affordable Since Q3’08
The U.S. median home price of $253,000 in the second quarter (Q2) of 2017 was at the least affordable level since Q3 2008 -...
NAR: Pending Home Sales Decrease for Third Consecutive Month
The ongoing supply shortages that are propping up home prices in many metro areas caused pending home sales in May to slump for the...
Freedom Mortgage Nets Mortgage Assets from New York Community Bank
Full-service mortgage lender Freedom Mortgage Corp. has agreed to buy approximately $500 million of selected residential mortgage assets from New York Community Bank's mortgage...
S&P/CoreLogic: Home Prices Continue Upward Trajectory, with 5.5% Annual Gain
Home prices continued trending upward across the country during the last 12 months, according to the S&P/CoreLogic Case-Shiller Indices, which reported a 5.5% annual...