Ditech Mortgage Launches Two Contests To Promote Homeownership
Now that mortgage lenders have essentially been relegated to selling less risky, 'plain vanilla' loans, thanks to a slew of new regulations and...
ARC Acquires 50% Stake In Yale Mortgage Funding
Miami-based investment firm ARC, which specializes in maximizing value from real estate debt on behalf of its investors, has acquired a 50% stake...
Veros: Top Appreciating Markets Are West Of The Mississippi
Veros' newly expanded VeroFORECAST report reveals an interesting trend: As of the third quarter, the 25 top appreciating markets were west of the...
Carrington’s Wholesale Mortgage Division Waives Underwriting Fee
To help free up more credit for underserved borrowers, the wholesale lending division of Carrington Mortgage Services is eliminating its underwriting fee, the...
Mortgage Rates Decline For Third Straight Week
Mortgage rates dipped for the third consecutive week during the week ending Oct. 9, according to Freddie Mac's Primary Mortgage Market Survey, which...
RealtyTrac: HELOC Originations Up More Than 20%, Year Over Year
A total of 797,865 home equity lines of credit (HELOCs) were originated nationwide from June 2013 to June of this year - an...
Wells Fargo To Pay $5 Million To Resolve Discrimination Complaints
Wells Fargo Home Mortgage will pay $5 million to resolve allegations brought by the U.S. Department of Housing and Urban Development (HUD) that...
Applications For New Home Purchases Held Steady In September
After plummeting 9% the previous month, applications for new home purchases were unchanged in September, compared to August, according to the Mortgage Bankers...
MBA: Mortgage Application Volume Up 3.8% As Rates Fell
Mortgage application volume increased 3.8%, on an adjusted basis, during the week ending Oct. 3, according to the Mortgage Bankers Association's (MBA) Weekly...
New Chief Of Staff At FHFA
Janell Byrd-Chichester has been selected as the new chief of staff for the Federal Housing Finance Agency (FHFA), conservator of government-sponsored enterprises Fannie...
MountainView To Invest In Nonprime Mortgages
To give lenders greater incentive to go after the 'underserved' market, MountainView Management Co. is now investing in nonprime residential mortgages. Through its...
CoreLogic: Home Prices Inched Up 0.3% In August
Home prices continued to inch up in August, rising just 0.3% compared to July, according to CoreLogic. Prices were up 6.4% compared to...
MBA Fills Two Executive Management Positions
Lynn M. Fisher has joined the Mortgage Bankers Association (MBA) as vice president (VP) of research and economics, and Lisa J. Haynes has...
RealtyTrac Reveals Top Locales For Investing In Rentals
Ohio, Oklahoma and Florida are the top states for investing in rental properties, according to RealtyTrac's Residential Property Rental Report for the third...
FHFA Extends Comment Period On Proposal To Change FHLB Membership Rules
Following pressure from industry trade groups, including the Mortgage Bankers Association (MBA), the Federal Housing Finance Agency (FHFA) has extended the comment period...
Midland States Bancorp Settles With HUD Over Fair Housing Act Violations
Midland States Bancorp will originate $8 million in mortgage loans in majority-minority neighborhoods over the next three years in order to settle allegations...
Sharron Levine To Head OMWI At FHFA
Sharron P.A. Levine has been promoted to director of the Office of Minority and Women Inclusion (OMWI) at the Federal Housing Finance Agency...
Freddie Mac: Mortgage Rates Basically Flat
Rates for certain loan types were down while others were flat during the week ending Oct. 2, according to Freddie Mac's Primary Mortgage...
MBA: Mortgage Credit Availability Unchanged In September
Mortgage credit availability was unchanged in September compared to August, according to the Mortgage Bankers Association's (MBA) Mortgage Credit Availability Index (MCAI). The...
CFPB Wants More Data On Manufactured Housing
Citing the fact that information on manufactured housing is 'scarce,' in comparison to traditional single-family housing, the Consumer Financial Protection Bureau (CFPB) says...