Fixed Mortgage Rates Drop For Third Week In A Row
Freddie Mac has released the results of its Primary Mortgage Market Survey for the week ending Oct. 3, showing average fixed mortgage rates...
New Penn Financial Launches Mini Correspondent Program
Nationwide lender New Penn Financial LLC has launched its mini correspondent program, which the company says enables small to midsize clients to close...
The Golden State Dominates In Veros’ Real Estate Forecast
Santa Ana, Calif.-based Veros Real Estate Solutions, a provider of collateral valuation technology, says that California's real estate recovery has kicked into high...
FHLBank San Francisco Returns To MPF Program
The Federal Home Loan Bank (FHLBank) of San Francisco has decided to renew its participation in the Mortgage Partnership Finance (MPF) Program. Starting...
Wintrust Gains Mortgage Banking Assets Of Surety
Wintrust Financial Corp. says its subsidiary, Barrington Bank & Trust Co. NA - through its division Wintrust Mortgage - has acquired certain assets...
SunTrust Reaches Accord With Freddie Mac On Faulty Mortgages
Following news that Wells Fargo and CitiMortgage had reached settlements with government-sponsored enterprise (GSE) Freddie Mac over 'faulty' mortgages that the banks sold...
MBA: Mortgage Application Volume Down Slightly
After increasing for two consecutive weeks, mortgage application decreased 0.4%, on a seasonally adjusted basis, during the week ending Sept. 27, compared to...
Freddie Mac Names Mackey Executive Vice President, CFO
Freddie Mac has hired James G. Mackey as executive vice president and chief financial officer (CFO). Mackey will report to Freddie Mac CEO...
Home Prices Rise 0.9% In August, Up 12.4% From Last Year
U.S. home prices, including distressed sales, increased 0.9% in August compared to July and were up 12.4% compared to July 2012, according to...
Wells Fargo Agrees To $869 Million Settlement With Freddie Mac
Wells Fargo has reportedly agreed to pay $869 million to government-sponsored enterprise (GSE) Freddie Mac to settle disputes over faulty mortgages the bank...
HUD Seeks Comment On CFPB-Aligned ATR/QM Rule
The U.S. Department of Housing and Urban Development (HUD) has introduced a qualified mortgage (QM) rule that aligns with the Consumer Financial Protection...
DataQuick Report Finds Mixed Results Of Housing Performance
San Diego-based real estate solutions provider DataQuick states in its monthly Property Intelligence Report (PIR) that there was an increase in foreclosure activity...
Impac Mortgage Re-Enters Warehouse Lending Space
Irvine, Calif.-based Impac Mortgage Holdings Inc. says that as a part of its mortgage lending expansion, it has re-entered the residential warehouse lending...
ClosingCorp SmartStart Aids In Good Faith Estimate Process
ClosingCorp, a La Jolla, Calif.-based provider of residential real estate data and technologies, has released SmartStart, a program that gives small to midsize...
QM Rule Now Covered In Interthinx PredProtect Suite
Agoura Hills, Calif.-based compliance and risk mitigation solutions provider Interthinx says the qualified mortgage (QM) test in its PredProtect Regulatory Compliance Automation Suite...
Ellie Mae Encompass360 To Integrate ATR/QM Functionality
Ellie Mae says the upcoming November release of its Encompass360 mortgage management solution will include new ability-to-repay (ATR)/qualified mortgage (QM) solutions. According to...
JPMorgan Settlement Could Set New Record
JPMorgan Chase CEO Jamie Dimon met with Attorney General Eric Holder on Thursday to hash out a settlement to resolve a Department of...
NAR: Pending Homes Sales Dropped In August
Rising interest rates, low inventory, increasing home prices and tighter lending standards combined to result in a 1.6% decrease in mortgage contract signings...
RealtyTrac: 45% Of August Home Sales Were All-Cash
All-cash purchases represented 45% of all residential sales in August, up from 39% in July and 30% in August 2012, according to RealtyTrac's...
Citigroup Pays $395 Million To Freddie Mac To Settle Mortgage Claims
Citigroup has reportedly agreed to pay $395 million to Freddie Mac to settle claims that it sold roughly 3.7 million potentially faulty mortgages...