Learning From The Surprises Of 2015
BLOG VIEW: The surprising fall in oil prices and interest rates in 2015 tells us that the global economy is still struggling to...
CFPB Further Clarifies TRID Rules
In response to concerns raised by the Mortgage Bankers Association (MBA) that the new TILA-RESPA Integrated Disclosure (TRID) rules are resulting in a high...
Freddie Mac: Fixed Mortgage Rates Inched Above 4.0%
Fixed mortgage rates increased slightly during the week ended Dec. 31, with the 30-year fixed-rate mortgage rising to above 4.0% for the first time...
Carolyn Monroe Named President Of Old Republic Title Holding Co.
Carolyn Monroe has been named president of San Francisco-based Old Republic Title Holding Co. (ORTHC) and its subsidiaries. Previously, Monroe served the company...
NRMLA: Seniors’ Home Equity Increased $147 Billion In Q3
America's seniors saw the equity in their homes reach a total of $5.76 trillion by the end of the third quarter of 2015...
NAR: Pending Home Sales Dipped 0.9% In November
Pending home sales decreased 0.9% in November compared with October but increased 2.7% compared with November 2014, according to the National Association of Realtors...
Mortgage Application Fraud Risk Continues To Decrease
The risk of fraud in mortgage applications decreased 1.3% in November compared with October and decreased 8.2% compared with November 2014, according to First...
Blitzer: Fed Rate Hike Won’t Lead To ‘Runaway’ Mortgage Rates
U.S. home prices continued to rise in October, increasing 0.1% on an unadjusted basis compared with September and 5.2% compared with October 2014, according...
Commerzbank Sues Four U.S. Banks Over Losses On Mortgage-Backed Securities
German lender Commerzbank AG is reportedly suing four U.S. banks for almost $2 billion in losses related to mortgage-backed securities.
According to a report in...
Economist: Fed Rate Hike Could Slow Home Sales In 2016
The market potential for existing-home sales decreased by 2.1% in November compared with October and decreased by 8.0% compared with November 2014, according to...
Mid America Mortgage Seeks To Buy TRID ‘Scratch And Dent’ Loans
Mid America Mortgage Inc. reports that it is seeking to purchase "scratch and dent" mortgages with defects related to the Consumer Financial Protection Bureau's...
New Home Sales Increased 4.3% In November
New home sales were at an annual rate of about 490,000 in November - an increase of 4.3% compared with about 470,000 in October...
MBA: Mortgage Application Volume Jumped Ahead Of Fed Rate Hike
Mortgage application volume jumped 7.3% on an adjusted basis during the week ended Dec. 18 due mainly to a last-minute push from borrowers seeking...
American Mortgage Consultants Buys JCIII And Associates
Due diligence and consulting firm American Mortgage Consultants (AMC) has acquired due diligence and consulting firm JCIII & Associates.
Terms of the deal were not...
FHFA: Home Prices Increased 0.5% In October
U.S. home prices increased 0.5% on a seasonally adjusted basis in October compared with September and increased 6.1% compared with October 2014, according to...
NAR: Existing-Home Sales Fell 10.5%; TRID A Probable Cause
It appears that the Consumer Financial Protection Bureau's (CFPB) new TILA-RESPA Integrated Disclosures (TRID) rules - also known as the "Know Before You Owe"...
WFG National Title Hires Mo Manassaram As SVP, Regional Manager
Morton "Mo" Manassaram has joined WFG National Title Insurance Co. as senior vice president and regional manager for the company's Florida agency operations.
Manassaram has...
CoreLogic: Share Of All-Cash Buyers Continues To Fall
The share of buyers who paid all cash for their homes continued to decrease in September.
According to a post on CoreLogic's "Insights" blog, all-cash...
CFPB Adjusts Asset-Size Thresholds For Exempting Mortgage Lenders
The Consumer Financial Protection Bureau (CFPB) has lowered the asset-size threshold for exempting certain mortgage lenders from the requirement that they establish escrow accounts...
Vantage Production Hires Tim Murphy As EVP Of Sales
Former SourceMedia/Thomson Financial executive Tim Murphy has joined Vantage Production, a provider of automated marketing and sales acceleration solutions for mortgage lenders, as...