New Home Sales Dropped 11.4% In April
As of the end of April, there were about 268,000 new homes available for sale nationwide - about a 5.7-month supply at the current sales rate.
Supreme Lending Expands Southwest Territory With New Branch In Denver
Supreme Lending has opened a new branch in the Denver market that will be managed by 25-year industry veteran Carlos Ruiz.
Ruiz has been in...
Embrace Home Loans Opens New Location In Washington, D.C.
Fast-growing Embrace Home Loans has opened another location in Washington, D.C.
The new branch is located at 1001 Connecticut Ave. N.W., Ste. 405, and will...
IDS Receives Certification From Fannie Mae, Freddie Mac For Its UCD XML File
Mortgage document preparation vendor International Document Services Inc. (IDS) reports that its Uniform Closing Dataset (UCD) XML file has been certified to meet all...
Ellie Mae: Refinance Share Of Mortgage Volume Fell To 35% In April
Refinances fell to 35% of all loans passing through Ellie Mae's Encompass loan origination platform in April - down from 37% in March and...
Freddie Mac: Mortgage Rates Edged Back Down; 30-Year Still Pinned At Around 4.0%
Mortgage rates edged back down during the week ended May 18, with the average rate for a 30-year, fixed-rate mortgage (FRM) at around 4.02%,...
NAR: 2017 Will Be Best Year For Existing-Home Sales In A Decade
During the Realtors Legislative Meetings & Trade Expo, Lawrence Yun, chief economist for the National Association of Realtors (NAR), predicted that existing-home sales would...
New York Fed: Q1 U.S. Household Debt Surpassed Peak Set In 2008
U.S. household debt increased 1.2%, or $149 billion, in the first quarter compared with the fourth quarter to reach $12.73 trillion, according to the...
First Choice Loan Services Selects Alight For Continuous Reforecasting
First Choice Loan Services Inc., a Berkshire Bank Company, is the latest mortgage lender to sign up for Alight Inc.'s cloud-based applications for real-time,...
Castle & Cooke Mortgage Opens New Branch In Danielson, Conn.
Castle & Cooke Mortgage reports that it has opened a new location in Danielson, Conn.
The new location expands the company's footprint in the state...
FirstClose Hires Jorge Ponce As Director Of Business Development
Jorge Ponce has joined FirstClose, a provider of end-to-end technology solutions for refinance and home equity lenders nationwide, as director of business development.
Ponce has...
Flagstar Closes Acquisition Of Retail Mortgage Originator Opes Advisors
Flagstar Bancorp Inc. reports that it has closed its previously announced acquisition of certain assets of Opes Advisors Inc., a retail mortgage originator and...
MBA: Mortgage Delinquency Rate Continued To Fall In Q1
The mortgage delinquency rate (30 days or more past due) as of the end of the first quarter stood at about 4.71%, down nine...
OneWest’s Financial Freedom Fined $89M For Improperly Servicing HECM Loans
OneWest Bank, which was founded by Department of the Treasury Secretary Steven Mnuchin and other investors after they took over failing mortgage lender IndyMac,...
MBA: Mortgage Applications Fell 4.1%
After increasing slightly last week, mortgage application volume fell 4.1% on an adjusted basis during the week ended May 12, according to data from...
E-Signature Firm DocuSign Hit With Email Phishing Scam
DocuSign, which provides e-signature technology to the mortgage industry, reports that some of its ancillary systems were recently hacked; however, only email addresses were...
Housing Starts Fell Again In April
And, yes, labor shortages are part of the cause...
MERS To Provide LEI Registrations And Renewals To Mortgage Industry
In order to help the mortgage industry comply with expanded reporting requirements under the Home Mortgage Disclosure Act (HMDA), MERSCORP Holdings Inc., which operates...
Philadelphia Sues Wells Fargo For Alleged Fair Housing Act Violations
The bank's practices "disproportionately affected minority borrowers" and resulted in foreclosures throughout the city, Mayor Jim Kenney says.
Supreme Lending Opens Another Branch In Kansas City
Fast-growing mortgage lender Supreme Lending recently opened a new branch in Kansas City, Kan., that is being managed by industry veteran Scott Somerville.
Somerville, who...