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News 11 months ago
Free Credit Freeze From All 3 Bureaus

Following last year's disclosure by Equifax that information was stolen on an estimated 143 million U.S. consumers, a provision for free credit...

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News 11 months ago
Mortgage Staffing, Servicing Grow at Alaska USA

Mortgage employees on Alaska USA Federal Credit Union's payroll increased from the prior quarter and a year prior, as did residential loan...

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News 11 months ago
Best Mortgage Jobs

Among the hundred best jobs in the nation are several that are found at home lenders-- including positions in compliance and technlogy. Also making...

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News 11 months ago
2018 Mortgage Origination Outlook Cut Due to Refis

An improved outlook for home purchase financing this year was was wiped out by a big drop in expected refinancings. But next year's forecast was...

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News 11 months ago
Refi Declines Wipe Out Purchase Gains

Even though purchase-money production is expected to increase by nearly $50 billion between this year and next year, refinances are expected to...

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News 11 months ago
Mortgage Rates Increase, Further Escalation Ahead

On a month-over-month basis, mortgage rates were slightly worse. But the deterioration deepened on a week-over-week basis. Further increases are...

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News 11 months ago
FHA Delinquency Tumbles, Endorsements Edge Up

There was a monthly up tick reported in new business at the Federal Housing Administration, though a dip will likely follow. Single-family...

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News 11 months ago
Wells Fargo Plans to Cut Thousands of Jobs

Wells Fargo & Co. warned that as many as 26,500 layoffs are ahead as it improves its operations, pays more attention to its customers and gets past...

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News 11 months ago
Mortgage Applications Rise 1st Time in 4 Weeks

Mortgage applications improved for the first time in four weeks. As rates ascended to the highest level in seven years, more prospective borrowers...

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News 11 months ago
Lender Blames CT Bank Regulator for Layoffs

Overzealous licensing requirements in Connecticut are being blamed for the termination of a home lender's planned headquarters expansion and dozens...

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News 11 months ago
Builders Say New Tariffs Are Devastating

Optimism within the home-building industry remained at its lowest level in 12 months, and pessimism is setting in as a result of a new round of...

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News 11 months ago
Slight Escalation in Serious Mortgage Delinquency

Serious delinquency on first-lien residential loans turned modestly higher last month. Among large metropolitan areas, Chicago had the worst...

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News 11 months ago
Mortgage Market Index Up, Record ARM Share

New mortgage business really picked up from the holiday week. The strongest showing was with adjustable-rate mortgages-- with ARM share coming in...

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News 11 months ago
AZ Branch Mgr Gets Vet Approved After 2 Denials

An active-duty soldier who was being transferred from Kentucky to Florida and was twice denied for a loan guaranteed by the Department of Veterans...

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News 11 months ago
Mortgage Apps Down as Refis Plunge to 17-Year Low

Applications for purchase-money mortgages accelerated during the holiday week. But a plunge in refinance applications to the lowest level in more...

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News 11 months ago
Jumbo Drives Down Mortgage Credit Availability

Credit conditions in the home financing market were tighter last month. Behind the contraction was a drop in the number of available jumbo mortgage...

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News 11 months ago
Mortgage Biz Off 4 Wks in Row Despite Purchase Bump

New mortgage business retreated for the fourth consecutive week, with the holiday dragging down the latest seven-day period. Even more significant...

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News 11 months ago
Dip in Refi Mortgage Apps Offsets Purchase Bump

Heading into the holiday weekend, mortgage application volume held steady. Purchase-money activity was up, and refinances were lower-- though...

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News 11 months ago
CoreLogic Expects a Monthly Drop in Home Prices

While the country's home values continued to escalate, CoreLogic Inc. expects that when last month's final numbers are tallied, values will be...

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News 11 months ago
Cashouts Drive Up Weekly Refis, Purchases Sink

A sharp increase in weekly cashout share drove overall refinances significantly higher. But the volume of new purchase-money business turned...

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News 11 months ago
Mortgage Rates Little Changed, More of Same Ahead

Over the past week, there was little change in interest rates on home loans. During the next week, more of the same is likely. Recently rising...

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News 11 months ago
St. Louis Mortgage Firm Goes Bust

A residential lender out of St. Louis that was at the center of a bitter divorce has ended operations and could be forced out of receivership...

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News 11 months ago
Short Supply Pushes Home Buyers To Tipping Point

An ongoing inadequate supply of residential properties for sale has pushed prospective homebuyers to a tipping point and driven down year-over-year...

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News 11 months ago
Home Prices Gains Led by Sin City, Silver State

U.S. home prices continued to escalate thanks to historically low interest rates and a persistently tight supply of properties for sale. Las Vegas...

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News 11 months ago
ARM and Refi Share of Apps Down from Year Ago

As fewer prospective borrowers completed a new mortgage application this past week, the share of consumers applying for refinances and adjustable...

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News 12 months ago
1-in-4 Seattle Homeowners Skip Mortgage

Seattle, which is one of the most expensive housing markets, has seen its population of homeowners without a mortgage balloon.Back in 2010, there...

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News 12 months ago
Mortgage Biz Slips, ARMS Lead Decline

There was a modest dip in new mortgage business this week, with adjustable-rate mortgages seeing the biggest decline. Jumbo activity however,...

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News 12 months ago
Weekly Mortgage Rates Ease, Unlikely to Rise

Over the past seven days, fixed mortgage rates were slightly lower. More of the same could be in store for the next seven days. While a longer-term...

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News 1 year ago
NE Plunge Drives New US Home Sales to 9-Month Low

With the sale of new homes in the Northeast sinking by more than half on a month-over- month basis, national sales dipped to a nine-month low....

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News 1 year ago
Mortgage Apps Up as Refi Share Widest in 5 Months

Applications for loans secured by single-family properties turned higher last week as refinance activity leapt and refinance share was the most...

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