FHA Raises Loan Limits For 2017
In high-cost areas, the national loan limit "ceiling" will increase to $636,150 from $625,500.
Freddie Mac: Mortgage Rates Continued Their Upward March
Mortgage rates continued their post-Trump-election-win-climb this past week, with the average rate for a 30-year fixed-rate mortgage (FRM) rising to 4.08%, up from 4.03%...
Fannie, Freddie Should Be Returned To Private Sector, Trump’s Pick For Treasury Says
"It makes no sense that these are owned by the government and have been controlled by the government for as long as they have."
United Wholesale Mortgage Ditches Escrow Waiver Fees
United Wholesale Mortgage (UWM) reports that it has removed the 0.25% escrow waiver fee nationwide for all conforming conventional loans.
The change is designed to...
ComplianceEase Hires Sharif Mahdavian As Vice President Of National Sales
Credit agency veteran Sharif Mahdavian has joined mortgage compliance software firm ComplianceEase as vice president of national sales.
Previously, Mahdavian was vice president of business...
Churchill Mortgage Opens Branch In Northern California
Regional lender Churchill Mortgage reports that it has opened a new branch in Yuba City, Calif. - its third location in the state.
Nick Williams,...
Box Home Loans Launches Reverse Mortgage Program
Box Home Loans, a mortgage lender based in Utah, has launched its own reverse mortgage program and has selected ReverseVision Exchange as its reverse...
Mortgage Applications Take Steep Dive As Rates Increase
After increasing 5.5% the previous week (refinance apps down 3.0%, purchase apps up 19.0%), mortgage application volume plummeted 9.4% during the week ended Nov....
NAR: Pending Home Sales Almost Flat In October
After increasing 1.5% in September, pending home sales increased only slightly in October, rising just 0.1% compared with the previous month but rising 1.8%...
U.S. Home Prices Now Back At Peak Seen In 2006, But It Won’t Last
U.S. home prices increased 0.8%, on an adjusted basis, in September compared with August and increased 5.5% compared with September 2015, bringing the average...
Incenter Acquires Title And Settlement Services Provider Boston National
As a result of the acquisition, Incenter will acquire Boston National's state-of-the-art technology and unique, channel-specific service delivery model.
New Home Sales Fell 1.9% In October
New home sales in October were at a seasonally adjusted annual rate of about 563,000, a decrease of 1.9% compared with the revised September...
Black Knight: U.S. Home Prices Now 0.6% Within Peak
U.S. home prices increased only 0.1% on average in September compared with August but increased 5.4% compared with September 2015, according to Black Knight Financial...
FHFA Raises Conforming Loan Limits For First Time In A Decade
Considering how much home prices have increased on average during the past several years, one could argue that it was high time that the...
MBA: Purchase Applications Jumped 19%
A 19% increase in applications for purchases helped boost total application volume to 5.5% during the week ended Nov. 18, according to the Mortgage...
Freddie Mac: Mortgage Rates Jumped In Response To The Election
Mortgage rates took a significant jump during the week ended Nov. 23, with the average rate for a 30-year, fixed-rate mortgage (FRM) moving to...
Ellie Mae: Average Closing Rate Hit 73.0% In October
Refinances regained some ground in October and accounted for about 47% of all mortgage volume flowing through Ellie Mae's mortgage origination platform, the firm...
Will Trump Gut Dodd-Frank, Dissolve The CFPB?
It has been two weeks since Donald Trump won the election, and already, we are getting some glimpses into how his presidency might impact...
CFPB Challenges Court Ruling In PHH Case
The bureau is petitioning the U.S. Court of Appeals for the District of Columbia Circuit to have the PHH case reheard.
October Existing-Home Sales Reached Highest Pace In Nearly A Decade
It was the highest annual pace since February 2007, according to NAR.