Bank Of America Trims Another 450 Mortgage Workers
Bank of America is reportedly cutting about 450 jobs in its mortgage division after origination volume fell short of internal forecasts. Most of...
California Home Sales Start Out 2014 On A Low Note
For the month of January, California saw a 26.1% decrease from December of new and resale houses and condos sold statewide, as well...
Fixed Mortgage Rates Barely Budge This Week
Following a week of light economic reports, averaged fixed mortgage rates remained largely unchanged, according to Freddie Mac's Primary Mortgage Market Survey for...
MBA: Mortgage Application Volume Dipped 2% Last Week
After increasing slightly for three consecutive weeks, mortgage application volume dipped 2%, on an adjusted basis, during the week ending Feb. 7, as...
Fannie Mae: Nearly Half Of Eligible Homeowners Never Refinance
Despite the fact that mortgage interest rates have been historically low for the past three years, nearly half of homeowners who are eligible...
MBA: Mortgage Credit Availability Increased In January
Mortgage credit availability increased slightly in January, according to the Mortgage Bankers Association's Mortgage Credit Availability Index (MCAI) report. Credit availability increased 1.85%...
NAR: Home Affordability Slipping As Prices, Interest Rates Rise
Home price appreciation continued to moderate in most markets during the fourth quarter, according to the National Association of Realtors' (NAR) Housing Affordability...
Consumer Attitudes Toward Housing, Economy Improved In January
The number of Americans who believe it would be easy for them to get a mortgage increased by two percentage points to reach...
ARCP Completes Acquisition Of Cole Real Estate Investments
American Realty Capital Properties Inc. (ARCP) has closed its purchase of Cole Real Estate Investments Inc., positioning ARCP as the largest publicly traded...
Citigroup Settles Force-Placed Insurance Suit
Citigroup Inc. will reportedly pay $110 million to homeowners who were overcharged on force-placed insurance premiums. The settlement comes as the result of...
Freddie Mac: Rates Inch Down On Weaker Housing Data
Mortgage rates continued to inch down during the week ending Feb. 6, according to Freddie Mac's Primary Mortgage Market Survey. It was the...
First American To Buy Interthinx For $155 Million
First American Financial Corp., the second-largest U.S. title insurer, has agreed to buy mortgage technology and services company Interthinx Inc. from Verisk Analytics...
MBA: Mortgage Application Volume Increases Slightly
Mortgage application volume increased slightly during the week ending Jan. 31, driven mainly by a dip in mortgage interest rates, according to the...
Toll Brothers Completes $1.6 Billion Acquisition Of Shapell
Toll Brothers Inc., a builder of luxury homes, has completed its acquisition of the home-building operations of Shapell Industries LLC (Shapell Homes), a...
CoreLogic: Home Prices Have Increased For 22 Months Straight
U.S. home prices have been increasing steadily for 22 months, according to CoreLogic. According to the firm's monthly home price index (HPI) report,...
BofA Reaches $8.5B Accord With Investors Over Faulty MBS Claims
A New York state judge has approved Bank of America Corp.'s proposed $8.5 billion settlement with mortgage-bond investors including BlackRock Inc. and Pacific...
Freddie Mac: Refinance Share Of Mortgage Activity To Fall To 38% In 2014
Everyone knows that refinancing volume fell considerably in 2013, due to rising interest rates - so what is the forecast for 2014? Government-sponsored...
Real Estate Mortgage Network Is Now HomeBridge Financial Services
To better reflect its focus on making the home mortgage process easier for customers, Real Estate Mortgage Network Inc. (REMN), one of the...
Black Knight: Foreclosure Timelines Putting A Drag On Recovery
Although mortgage delinquencies and foreclosures have fallen considerably during the past two to four years, longer foreclosure timelines, particularly in the judicial states,...
Fannie Mae, Lenders Financed $28.8B In Multifamily Loans Last Year
Fannie Mae provided $28.8 billion in financing to the multifamily market in 2013, working with lender partners to finance 507,000 units of multifamily...