Refinance Share Of Mortgage Activity Jumped To 43% In August
The refinance share of total mortgage activity increased to 43% in August - up considerably from 37% in July, according to Ellie Mae's Origination...
Fed Says The Case For An Increase Has Strengthened
"The case for an increase in the federal funds rate has strengthened," the Federal Open Market Committee (FOMC) declared in a statement on Wednesday,...
Housing Starts Fell 5.8% In August
Housing starts in August were at a seasonally adjusted annual rate of 1.142 million, a decrease of 5.8% compared with a revised estimate of...
New Mortgage Program Targets The Underserved
The program is geared toward self-employed workers and seasonal employees who might not have the same level of documentation for income and assets that traditional, full-time workers have when applying for a mortgage.
Altavera Mortgage Services Now A Capital Markets Cooperative Preferred Provider
Altavera Mortgage Services, a provider of third-party residential mortgage origination and closed-loan review services, is now a preferred provider for Capital Markets Cooperative, a...
Is Zika Impacting Home Prices Down South?
As everyone in the real estate and mortgage industries knows, a major reason first-time home buyers are often in the market is because they...
Rogue Credit Union Hires Greg Pool As Vice President Of Mortgage Services
Greg Pool has joined Oregon-based Rogue Credit Union, a member-owned, not-for-profit financial cooperative with an asset base of more than $1 billion and a...
Doug Duncan: Despite Low Rates, Refi Share To Reach Only 42% In 2016
The share of consumers who expect home prices to go up in the next 12 months decreased six percentage points in August compared with...
DOJ Seeks Up To $14B From Deutsche Bank For Faulty MBS
The U.S. Department of Justice (DOJ) is seeking up to $14 billion in penalties from Deutsche Bank in connection with allegations that the bank sold...
Freddie Mac: Mortgage Rates Edged Back Up
Fixed mortgage rates edged upward during the week ended Sept. 15, according to Freddie Mac's Primary Mortgage Market Survey.
The average rate for a 30-year...
Open Mortgage Hires Kevin McKnight As Vice President Of Sales
Kevin McKnight has joined Open Mortgage, a nationwide mortgage lender, as vice president of sales.
McKnight has more than 25 years' experience in the mortgage...
MBA: Applications For Mortgages For New Homes Increased 5% In August
The MBA estimates new single-family home sales were running at a seasonally adjusted annual rate of about 601,000 units in August - an increase of 11.3% compared with the July pace of about 540,000 units.
OwnAmerica Introduces Online Valuation Service For SFR Market
OwnAmerica, which offers technology and services to the institutional single-family rental (SFR) market, has launched a new online service for institutional and retail investors...
Credit Plus’ Debt Verification Service Now Integrated With Ellie Mae’s Encompass
Credit Plus reports that its Undisclosed Debt Verifications service is now directly integrated with Ellie Mae’s Encompass loan origination system.
In addition, The Work Number,...
MBA: Applications For Purchases Increased 9% Labor Day Week
Mortgage applications increased 4.2% on an adjusted basis during the week ended Sept. 9, with applications for refinances rising 2% and applications for purchases...
Roostify Now In The Mortgage Collaborative’s Preferred Partner Network
Roostify, a provider of automated mortgage transaction technology, is now in the Preferred Partner Network of The Mortgage Collaborative, an industry organization that empowers...
MCT, Fannie Mae Partner To Improve Best Execution
Mortgage Capital Trading Inc. (MCT) and Fannie Mae are partnering to deploy new technology and improve collaboration in order to deliver better service to...
Stuart Pratt Is CoreLogic’s New SVP Of Government And Industry Relations
Stuart Pratt has joined CoreLogic, a provider of global property information, analytics and data-enabled solutions, as senior vice president of government and industry relations.
Pratt...
Freddie Mac: Low Mortgage Rates Boost Refinance Share To Above 60%
Whatever happened to the notion of moving firmly into a purchase market?
Ever since the Brexit vote, mortgage rates have been gently seesawing near their...
MBA: Mortgage Credit Availability Decreased In August
Mortgage credit availability decreased in August, falling 0.4% compared with July to a score of 164.7 on the Mortgage Bankers Association's (MBA) Mortgage Credit...