Wells Fargo To Issue Non-QM Loans
How many lenders will roam from the safety of the 'QM range?' And of those that dare to venture outside the safe harbor...
GSEs Update Mortgage Insurance Master Policy Requirements
Working in conjunction with the mortgage insurance industry, government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac have significantly overhauled their mortgage insurance master...
Wipro To Acquire Due Diligence Firm Opus CMC For $75 Million
Seeking to strengthen its mortgage origination, servicing, and secondary market software solutions and services, Wipro, a provider of information technology, consulting and outsourcing...
Attorneys For FHLB Of Pittsburgh Seek Copies Of Draft Complaint Against JPMorgan
Attorneys representing the Federal Home Loan Bank (FHLB) of Pittsburgh are reportedly pressuring JPMorgan to disclose the details of its $13 billion settlement...
MBA: Mortgage Application Volume Down O.3%
Mortgage application volume decreased 0.3%, on an adjusted basis, during the week ending Nov. 22, compared to one week earlier, according to the...
Freddie Mac: Mortgage Rates Dip Again On Mixed Data
After declining the week prior, fixed mortgage rates inched back up again during the week ending Nov. 27, according to Freddie Mac's weekly...
S&P/Case-Shiller: Home Prices Up 0.7% In September, Back To 2004 Levels
U.S. home prices rose 0.7% in September, compared to August, and were up 13.3% compared to September 2012, according to the S&P/Case-Shiller Home...
FHFA: U.S. Home Prices Rose 2% In Q3
U.S. home prices rose about 2% in the third quarter compared to the second quarter, and were up 8.4% compared to the third...
NAR: Pending Home Sales Dipped 0.6% In October
Pending home sales dipped 0.6% in October, compared to September, and were down 1.6% compared to October 2012, according to the National Association...
LPS: Home Prices Up 0.2% In September
U.S. home prices rose 0.2% in September compared to August and were up about 9% compared to September 2012, according to Lender Processing...
LPS: Mississippi’s Delinquency Rate Surpassed Florida’s In October
Mississippi surpassed Florida in terms of highest percentage of mortgage delinquencies in October, according to Lender Processing Services' (LPS) 'First Look' Mortgage Report....
Real Estate Investors Can Benefit From ‘Hipster’ Market, Says RealtyTrac
The culture surrounding the 'hipster' lifestyle has a major impact on local real estate markets, and mostly in a positive way, according to...
Fixed Mortgage Rates Drop Amid Weak Economic Data
Average fixed mortgage rates are declining amid weaker manufacturing growth and declines in overall inflation rates, according to the results of Freddie Mac's...
October Cools Down Existing-Home Sales, Heats Up Home Prices
Existing-home sales declined for the second consecutive month in October, while constrained inventory means home prices continue to see double-digit year-over-year gains, according...
Negative Equity Rate Plummets In Q3; Underwater Rate Still ‘Stubbornly High’
The national negative equity rate fell at its fastest pace ever in the third quarter, dropping to 21% of all homeowners with a...
MBA: Mortgage Application Volume Dips 2.3%
Mortgage application volume decreased about 2.3% the week ending Nov. 15, as rates continued to rise for the third straight week, according to...
Ellie Mae: Purchase Loans Now Represent 61% Of The Market
Ellie Mae's Origination Insight Report for October shows the mortgage industry's ongoing shift from a refinance market to a purchase market. About 51.4%...
‘Know Before You Owe’ Forms On CFPB’s Agenda
The Consumer Financial Protection Bureau's (CFPB) rule requiring banks to use more simplified mortgage paperwork will reportedly take effect on Aug. 1, 2015,...
CFPB: Banks Spend More Marketing To Consumers Than Educating Them
Since the establishment of the Consumer Financial Protection Bureau (CFPB) in 2011, many have wondered how the agency will balance its role as...
Springboard Unveils Counseling Platform For FHA’s Back To Work Program
In August, the Federal Housing Administration (FHA) launched its Back to Work - Extenuating Circumstances program, which shortens the waiting period for home...