Mortgage Applications Down 12%
Mortgage applications dropped for the week ending Oct. 19, according to data from the Mortgage Bankers Association's (MBA) weekly mortgage applications survey. ...
Banking Website Hackers Pause To Observe Muslim Holiday
The Islamic computer hacking group that took credit for recent denial-of-service attacks against major U.S. banks has announced that it is taking a...
MBA Chief Blasts Federal Housing Policy
David H. Stevens, president and CEO of the Mortgage Bankers Association (MBA), launched a blistering attack at federal housing policy and warned that...
Ellie Mae Debuts Encompass Docs Solution
Ellie Mae has introduced Encompass Docs Solution, a new tool that helps users create and complete the compliance documents needed to process a...
Fifth Third Mortgage Building Platform For Wholesale, Correspondent Lending
Fifth Third Mortgage Co. says it is working with CoreLogic Dorado, a business unit of CoreLogic, to develop a new online loan processing...
Basel III Enflames Community Banking Stakeholders
The Basel III global standard continued to draw criticism this week from industry trade groups, with both the Independent Community Bankers of America...
MBA Elects Debra Still Chairman For 2013
During its annual convention in Chicago on Monday, the Mortgage Bankers Association (MBA) elected Debra W. Still as its chairman for 2013. She...
Titan Lenders Creates Correspondent Lending Subsidiary
Titan Lenders Corp., a Denver-based mortgage fulfillment outsource services company, has announced its entry into the correspondent channel with the creation of Titan...
New Report: Housing And Transportation Costs Outpace Incomes
The combined costs of housing and transportation in the nation's largest 25 metro areas have swelled by 44% since 2000 while incomes have...
RealtyTrac: Most Local Housing Markets Worse Today Than In 2008
Nearly two-thirds of local housing markets are worse off today than they were four years ago, according to the Election 2012 Housing Health...
Existing-Home Sales Down In September
Total existing-home sales fell 1.7% to a seasonally adjusted annual rate of 4.75 million in September from an upwardly revised 4.83 million in...
NCUA Announces New Executive Director
The National Credit Union Administration (NCUA) has named Mark A. Treichel to become its next executive director. Treichel will assume his new role...
Court Rules Against Credit Union In Tax Case
New York's Court of Appeals issued a five-to-one ruling that federal credit unions are required to pay the state's mortgage recording tax. CUNA...
Redwood Trust Returns With $297M Non-Agency Offering
Redwood Trust Inc. is reportedly in the process of completing its fifth non-agency issuance of the year, selling $297 million in bonds tied...
Brokers Group To Offer Members Mortgage License Bonds
The National Association of Mortgage Brokers (NAMB) has announced that The Bond Exchange, based in Little Rock, Ark., is now offering mortgage license...
FHLBank New York Awards $26.4M For Affordable Housing
The Federal Home Loan Bank of New York (FHLBank New York) has awarded $26.4 million in subsidies to fund 37 affordable housing initiatives...
Equifax: Home Equity Revolving Credit Reaches Three-Year High
New home equity revolving lines of credit have reached a three-year high, totaling more than $44 billion year-to-date through July, according to the...
RE/MAX: September Home Sales Down 17.5%
September home sales fell 17.5% from August, but remained 0.5% higher than sales in September 2011, according to the latest national housing report...
Single-Family Housing Starts Up In September
Single-family housing starts in September were at a rate of 603,000, which is 11% above the revised August figure of 543,000, according to...
MBA: Mortgage Applications, Refi Activity Down Last Week
Mortgage applications and refinance activity declined during the week ending Oct. 12, according to the latest data from the Mortgage Bankers Association's (MBA)...