Mortgage applications dropped 2.3% from last week even as refinance apps dropped 3%. But despite this decrease, the refinance share of mortgage apps jumped to its highest level since January.
A group of mortgage brokers recently decided to stand up against the way things have always been in wholesale lending, thus creating BRAWL, Brokers Rallying Against Whole-tail Lending. Here’s a breakdown of what this fight is all about, and what each side is saying about the movement.
[Expert commentary] In an exclusive guest post, Mortgage Bankers Association President and CEO David Stevens presents the MBA’s view on the “right” reform plan for Fannie Mae, Freddie Mac, and Ginnie Mae. How much should the government be involved in the mortgage market? Stevens presents the MBA case.
Mortgage delinquencies decreased in September to their lowest levels in more than a decade. Serious delinquencies are at their lowest level since October 2007 and the foreclosure rate is now at its lowest level since June 2007.
The national real estate eClosing software platform, Pavaso, just added Atlanta-based Cook & James to its extensive network of local and national title and attorney partners. Here’s why.
Wintrust Mortgage is about to increase its presence in Department of Veterans Affairs lending. Wintrust Financial Corporation, the parent company of Wintrust Mortgage, announced this week that Wintrust Mortgage is acquiring Veterans First Mortgage, a lender that specializes in VA lending.
Dart Appraisal, a nationwide appraisal management company, announced recently that it hired Christie Visconti as vice president of finance. In this role, Visconti will oversee the company’s finance, accounting and human resource operations
As the holiday season grows closer, the GSEs made it just a little less stressful for families close to losing their home, by announcing families would be able to stay in their homes through the holidays. Although legal and administrative proceedings for evictions can continue, families will still be allowed to remain in the home.
Time is up. Well, almost up. Most of the 2015 updates to the Home Mortgage Disclosure Act rule take effect in January 2018. But despite the looming deadline, many questions about HMDA remain unanswered. This is part one of a 10-part series on your top 10 HMDA questions.
LoanLogics announced it recently promoted 2016 HousingWire Vanguard award winner Craig Riddell to executive vice president and chief business officer. Company leadership explained, “Craig knows our customers better than anybody at LoanLogics and his contributions to our growth as a company have been invaluable.”