Recovery Summer?? Mortgage Purchase Applications Down 15% YoY, Refi Applications Crash By 13%
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National Mortgage News- Investors who let California homes sit vacant could face penalties February 21, 2020Corporations that own California properties could soon be fined for keeping homes vacant for more than three months under a proposed law to give tenants, nonprofits and cities more say over what happens to empty buildings.
- Wells Fargo pays $3 billion, avoids prosecution for sales abuses February 21, 2020A deferred-prosecution agreement with the Justice Department spares the bank a potential criminal conviction — provided it cooperates with continuing probes and abides by other conditions.
- Motto Mortgage tops $1B in annual volume in third year February 21, 2020Franchisees of Remax Holdings' Motto Mortgage combined to originate over $1 billion in loans in the organization's third year of operations.
- Number of houses for sale in Palm Beach County plunges February 21, 2020The supply of homes for sale in Palm Beach County, Fla., is falling sharply, a trend that could create upward pressure on prices.
- Investors who let California homes sit vacant could face penalties February 21, 2020
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- Mortgage Daily
- Continued Deterioration in Origination Quality October 26, 2018As home lenders and investors have recently been a little more relaxed about credit qualifications compared to just after the crisis, mortgage quality has weakened. Still, quality is better than before the crisis.During the past three years, the quality of residential loans originated has weakened, though credit quality remains far stronger than the early 20 […]
- Best Mortgage Lenders By Category October 26, 2018A report based on a recent survey of consumers who were shopping for a residential loan has identified the best home lenders in a variety of categories -- including government programs, jumbo loans and online services.The 10-question survey of prospective mortgage borrowers found that before they applied for a home loan, 40 percent checked their credit repor […]
- Business Falls to 6-Month Low at Freddie October 26, 2018New business at the Federal Home Loan Mortgage Corp. retreated to its lowest level in six months. Delinquency, meanwhile, remained at its lowest level in a decade.When September was over, Freddie Mac's total mortgage portfolio stood at $2.1513 trillion -- including a $0.2278 trillion in mortgage investments and $1.9235 trillion in outstanding mortgage-r […]
- Continued Deterioration in Origination Quality October 26, 2018
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