Richey May: Lenders Started Dropping FICO Requirements In Q4
Mortgage production volume decreased by an average of 11% during the fourth quarter of 2013, according to Richey May's Fourth Quarter Trend Report....
Flipt Offers New Approach To Matching Shoppers To Properties
Flipt, a provider of real estate technology solutions, recently launched a new online home shopping site that matches properties to buyers based on...
Freedom Mortgage Acquires BluFi Lending
Freedom Mortgage Corp., a New Jersey-based residential mortgage lender, has purchased the assets of BluFi Lending, a San Diego-based direct mortgage lender with...
IDS Sees Strong E-Sign Adoption In 2013
Mortgage document preparation vendor International Document Services (IDS) reports that more than half (51.6%) of all document packages it processed in 2013 were...
RealtyTrac: House Flipping Down 3.7% In Q1 As Prices Continue To Rise
Rising home prices are taking some steam out of the flipping trend. According to RealtyTrac's Home Flipping Report, 3.7% of all U.S. single-family...
First Horizon Settles With FHFA For $110 Million
Mortgage lender First Horizon National Corp., along with related companies and specifically named individuals, will pay $110 million to resolve claims by the...
Veros: Home Price Appreciation Will Be Mostly Flat For Next Two Years
Although home prices are forecast to rise another 3.4% over the next 12 months, home price appreciation is expected to remain relatively flat...
U.S. Homeownership Rate Falls To Lowest Level In 19 Years
Thanks to rising home prices, a lousy job market, stagnant wage growth, tighter credit and rising interest rates, the rate of homeownership in...
Freddie Mac: Interest Rates Dipped Slightly This Week
Fixed mortgage rates dipped slightly during the week ending May 1, according to Freddie Mac's Primary Mortgage Market Survey. The average rate for...
NAR: Pending Home Sales Were Up 3.4% In March
Pending home sales rose 3.4% in March - the first increase in nine months - according to the National Association of Realtors' (NAR)...
FHFA Releases Results Of Fannie And Freddie Stress Tests
If government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac were taken out of conservatorship and returned to the private market, would they withstand...
MBA: Mortgage Application Volume Falls To Lowest Level Since December 2000
Will the 2014 spring home shopping season ever kick into gear? Mortgage application volume decreased 5.9% for the week ending April 25, on...
S&P/Case-Shiller: U.S Home Prices Rose 0.8% In February
U.S. single-family home prices rose 0.8% in February compared to January, on an adjusted basis, beating expectations by a thin margin, according to...
CoreLogic: Completed Foreclosures Up 5.9% In March
About 48,000 foreclosures were completed in March, an increase of 5.9% compared to the approximately 45,000 completed in February and a 10% decline...
Black Knight: U.S. Home Prices Rose 0.7% In February
U.S. home prices rose about 0.7% in February and are now more than 13.5% off from their June 2006 peak, according to Black...
MIAC Handling Sale Of Fannie MSR Portfolio
Mortgage Industry Advisory Corporation (MIAC) is handling the sale of a $69 million Fannie Mae mortgage servicing rights (MSR) portfolio offered by a...
Barclays Settles With FHFA For $280 Million
Barclays Bank, along with related companies and specifically named individuals, will pay $280 million to settle claims brought by the Federal Housing Finance...
RealtyTrac: Home Sales Increased Slightly In March
Home sales increased slightly in March compared to February, according to RealtyTrac's Residential & Foreclosure Sales Report. Sales of single-family homes, condominiums and...
Freddie Mac Covers $270M In Credit Risk Insurance Polices
Freddie Mac says it has reduced taxpayer exposure by obtaining insurance policies covering up to a combined maximum of $269.5 million of losses...
MountainView Closes Sale Of Loan Portfolio With $60M UPB
MountainView Capital Group reports that it recently facilitated the sale of a residential whole loan portfolio with unpaid principal balance (UPB) of $60...