Mortgage Rates Pretty ‘Subdued’ This Week, Zillow Says
Mortgage rates did not show much activity during the week, as the 30-year fixed mortgage rate (FRM) is currently 4.08% - up five...
CFPB Orders Atlanta Lender To Pay $19.3M After Mortgage Scheme
The Consumer Financial Protection Bureau (CFPB) says it has taken action against Amerisave Mortgage Corp.; its affiliate, Novo Appraisal Management Co.; and the...
Carrington Mortgage To Be Featured On ‘Designing Spaces’
Carrington Mortgage Services will be touting its success in serving the underserved and first-time home buyer market during a segment of the hit...
RealtyTrac: Lack Of Home Affordability A Growing Problem
Homes are less affordable, on average, than they were 14 years ago; however, there are many counties where affordability as it relates to...
Bank Of America Mortgage Bond Settlement Could Set New Record
Bank of America Corp. is reportedly close to reaching a settlement with the U.S. Department of Justice (DOJ) and state authorities over the...
Ellie Mae To Buy AllRegs For $30 Million
Seeking to bolster its content and service offerings, software maker Ellie Mae has signed a definitive agreement to acquire housing data and analytics...
MBA: Refinance Applications Jumped 4%; Purchase Applications Dipped 1%
Mortgage application volume increased 1.6%, on an adjusted basis, during the week ending Aug. 1 compared to the previous week, according to the...
Fannie Mae Multifamily MBS Issuance Increased 30% In Q2
The pace of Fannie Mae multifamily mortgage-backed securities (MBS) issuance jumped 30% in the second quarter of this year, as the company issued...
CoreLogic: U.S. Home Prices Up 1% In June
U.S. home prices increased 1.0% in June, compared to May, and were up 7.5% compared to June 2013, according to CoreLogic's Home Price...
Mortgage Credit Availability Increased Slightly In July
Mortgage credit availability increased slightly in July, driven mainly by an increase in the number of jumbo adjustable-rate mortgage (ARM) programs, the Mortgage...
Survey: Inability To Close On Time Is Top Reason Loan Officers Leave
If you think the main reason loan officers leave for 'greener pastures' is better compensation, you better think again. A recent survey conducted...
Freddie Mac: Mortgage Rates Holding Steady For Now
Mortgage rates remained mostly flat during the week ending July 31, according to Freddie Mac's Primary Mortgage Market Survey. The average rate for...
Churchill Mortgage Now Offering Unique Rate Reset Product
Through a new partnership between the two companies, Churchill Mortgage is now offering Mortgage Harmony's HarmonyLoan Rate Reset product, a patented, consumer-initiated, interest...
FHFA: Mortgage Interest Fell In June
Mortgage interest rates fell about five basis points on average in June compared to May, according to the Federal Housing Finance Agency's (FHFA)...
FHFA Extends Deadline For Input On G-Fees
The Federal Housing Finance Agency (FHFA) has extended the deadline for its request for input on the guarantee fees (g-fees) that Fannie Mae...
MBA: Mortgage Application Volume Fell Again Last Week
Total mortgage application volume decreased 2.2% for the week ending July 25 - however, purchase application volume increased slightly compared to the previous...
Super-Jumbo Market Booming
Mortgage lenders are reportedly seeing a surge in demand for super-jumbo mortgages from wealthy home buyers who are taking advantage of historically low...
S&P/Case-Shiller: Home Prices Rose 1.1% In May
Home price appreciation continued to slow across the U.S. in May, rising just 1.1% compared to April - the smallest gain since February...
Despite Stricter Lending, Homeownership Rate More Or Less Flat
The percentage of Americans who own their homes dipped only slightly to 64.7% in the second quarter, down from 64.8% in the first...
FHFA May Soon Unveil GSEs’ Plan For Single Common Security
The Federal Housing Finance Agency (FHFA) may soon be unveiling its plan for getting government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to...