Report: Home Prices Not Likely To Decrease Over Next Two Years
What's the chance that the average home price in the U.S. will decrease over the next two years?
About 5%, according to Arch Mortgage Insurance's...
NAR: Home Sales To Non-Resident Foreigners See Slowdown
The number of non-resident foreigners buying single-family homes in the U.S. decreased during the past year but remains elevated compared with the pre-crisis years, according...
MBA: Mortgage Application Volume Jumped 14.2% As Brexit Pushed Down Rates
After decreasing 2.6% the previous week, mortgage application volume jumped an impressive 14.2% on an adjusted basis during the week ended July 1, according...
LRES Taps Diane Valadez As VP Of National Sales
Diane Valadez has joined LRES, a provider of valuation and asset management services to the mortgage industry, as vice president of national sales.
Previously, Valadez...
CoreLogic: Home Prices Increased 1.3% In May
U.S. home prices increased 1.3% on an adjusted basis in May compared with April and increased 5.9% compared with May 2015, according to CoreLogic's Home...
BancorpSouth Fined $10.6 Million For Engaging In Redlining Practices
"Such wide flexibility in loan underwriting and pricing resulted in the bank’s denying African-American applicants for mortgage loans at significantly higher rates than white applicants with similar credit profiles."
The Mortgage Collaborative Reaches $100B Origination Milestone
Movement Mortgage is the latest mortgage lender to join The Mortgage Collaborative (TMC), the industry’s only independent mortgage lending cooperative dedicated to helping lenders improve...
Freddie Mac: Brexit Aftermath Pushed Mortgage Rates Lower
Mortgage rates dropped to new lows in the wake of the Brexit vote, according to Freddie Mac's Primary Mortgage Market Survey.
For the week ended...
Eastern Bank Inks Support Services Deal With Embrace Home Loans
Boston-based Eastern Bank, the largest community bank in Massachusetts, with $9.9 billion in assets and nearly 100 branches across Massachusetts and New Hampshire, is...
Freddie Mac Selling Portfolio Of Re-Performing Mortgages
Freddie Mac continues to sell off its riskier mortgages in an effort to reduce taxpayer exposure.
This week, the government-sponsored enterprise (GSE) announced a "$199...
NAR: Pending Home Sales Fell 3.7% In May
Pending home sales saw a steep decrease in May, sliding 3.7% compared with April to a score of 110.8 on the National Association of...
Carrington Wholesale Mortgage Now Offering Conventional Loans
Carrington Mortgage's Wholesale Mortgage Lending Division has added conventional loans, giving the company's broker customers, agent partners and clients more choices to deliver to...
MBA: Mortgage Application Volume Dipped 2.6%
After increasing 2.9% the previous week, mortgage application volume decreased 2.6% during the week ended June 24, according to the Mortgage Bankers Association's (MBA)...
Carrington Mortgage Hires Patrick Flanagan As EVP, Wholesale Lending
Patrick Flanagan recently joined Carrington Mortgage Services as executive vice president of the firm's wholesale lending division.
Flanagan has more than 30 years of mortgage...
RealtyTrac: Low Mortgage Rates, Rising Wages Help Boost Home Affordability
Home affordability improved slightly in the second quarter due mainly to rising annual incomes and low interest rates, according to RealtyTrac's Home Affordability Index,...
CoreLogic: Share Of Cash Sales Continues To Fall
Cash sales of new and existing homes have fallen considerably since January 2011, when they accounted for 46.6% of total home sales, but they...
Case-Shiller: U.S. Home Prices Continued To Rise In April
U.S. home prices increased 0.1% on an adjusted basis in April compared with March and increased 5.0% compared with April 2015, according to the S&P/Case-Shiller...
Survey: 49% Of Mortgage Execs Think Technology Investment Is Lacking
More than three-quarters of mortgage executives (78%) who took a survey in May believe first-time home buyers will either retain or grow their market...
CoesterVMS Files For Patent For Appraisal Fee Calculator
National appraisal management company CoesterVMS reports that it has filed for a U.S. patent for its appraisal fee disclosure calculator, which provides quotes for...
NRMLA: Seniors Saw Home Equity Increase $164.9 Billion In Q1
Homeowners aged 62 and older collectively saw the equity in their homes increase $164.9 billion during the first quarter, according to the National Reverse...