Fannie Mae: Housing Sector Will Be ‘Subdued’ For The Rest Of 2014
Citing government data showing that business owners invested more into their businesses during the second quarter, Fannie Mae says it is sticking with...
Ellie Mae: August Closing Rate Highest In Three Years
Purchase volume decreased slightly to 66% of all loans in August compared to 67% in July, while the refinance share of mortgage activity...
Freddie Mac: Mortgage Rates Edged Up
Mortgage rates edged up this week compared to last week, according to Freddie Mac's Primary Mortgage Market Survey. In fact, fixed mortgage rates...
Housing Starts Fell 14.4% In August
After jumping an impressive 15.7% in July, housing starts dropped 14.4% in August to reach a seasonally adjusted annual rate of 956,000 units...
MBA: Mortgage Application Volume Rebounded
After diving 7.2% the previous week, due to the Labor Day holiday weekend, mortgage application volume jumped back up 7.9% during the week...
Homeownership Solutions Platform Launched By Hope LoanPort, IndiSoft
Hope LoanPort (HLP), a 501c3 technology nonprofit that helps families reach and sustain their goal of homeownership, is launching a new Web-based technology...
NAHB: Builder Confidence Hits Highest Point Since November 2005
Builder confidence in the market for newly built, single-family homes rose in September to reach the highest point since November 2005, the National...
FormFree And Ellie Mae Announce Integration
FormFree's AccountChek solution, which allows lenders to verify an applicant's bank records in just minutes, is now integrated with Ellie Mae's Encompass mortgage...
HUD Launches ‘Disaster Resilience’ Competition
Communities that have been devastated by a presidentially declared major disaster in the past three years are being invited to compete for $1...
HUD Takes Action Against Lender For Alleged Discrimination
The U.S. Department of Housing and Urban Development (HUD) has taken enforcement action against U.S. Bank National Association, U.S. Bank subsidiary Red Sky...
Survey Reveals Consumer Misconceptions About Mortgages
The reason that more people aren't applying for mortgages is simply because they're afraid of being declined, a recent survey by Wells Fargo...
MBA Wants More Time To Study FHFA’s Proposal On FHLB Membership Rules
The Mortgage Bankers Association (MBA) has asked the Federal Housing Finance Agency (FHFA) to extend the comment period for a controversial proposal that...
Freddie Mac: Great Year So Far For Apartment Construction
Construction of apartment buildings in September hit the highest monthly pace since the beginning of 2006, while construction of single-family homes and condominiums...
AmeriSave Mortgage To Acquire CertusBank’s Mortgage Business
Atlanta-based AmeriSave Mortgage Corp. is reportedly buying the mortgage and wealth management businesses of Greenville, S.C.-based CertusBank; however, terms of the deal have...
FTC Fines Lead Gen Company For Claiming Mortgage Refinancing Is ‘Free’
The Federal Trade Commission (FTC) has brought enforcement action against a Colorado-based lead generation company that claimed in advertisements that consumers could refinance...
ARMCO Introduces Mortgage QC Benchmarking Solution
ARMCO has introduced a new business intelligence tool that will, for the first time, allow mortgage professionals to benchmark quality control (QC) results...
FNC: Home Prices Rose 0.6% In July, But More Markets Saw Declines
Home prices continued to inch up in July, rising 0.6% compared to June, and were 7.4% higher compared to July 2013, according to...
HUD Fines Mortgage Lender $35K For Violating Fair Housing Act
A Jackson, Tenn.-based mortgage lender has been fined $35,000 for allegedly denying a mortgage loan to a couple because one applicant was on...
National MI Intros New Application And Website Geared For Credit Unions
The best way to sell more mortgage insurance is to make it as easy as possible to buy it - and, very often,...
Mortgage Rates Didn’t Budge Much This Week
Following an increase in bond yields, average fixed mortgage rates moved upward only slightly this week, according to the results of Freddie Mac's...