Still Dead: Mortgage Purchase Applications Decline 16% YoY, Refinancing Applications Up 0.1%
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National Mortgage News- City home price growth beats suburbs for first time in COVID era March 5, 2021After the coronavirus spurred a great migration in search of literal greener pastures, homebuyers are returning to cities with the end of the pandemic in sight, according to Redfin.
- Mortgage pros prep for flattening hiring by creating dual roles March 5, 2021A cross-training strategy that hasn’t been widely used since the Great Recession is coming back into vogue among outsourcers.
- Ocwen wins out against CFPB in long-running servicing lawsuit — again March 5, 2021Federal Judge Kenneth Marra for a second time has granted the mortgage company summary judgement in the case brought by the Bureau in 2017.
- Libor moves to its ‘final chapter’ as U.K. sets end dates March 5, 2021Progress toward replacement benchmarks, such as the Secured Overnight Financing Rate in the U.S. and the Tokyo Overnight Average Rate in Japan, has been sluggish, and there are hopes Friday’s announcement could accelerate the process.
- City home price growth beats suburbs for first time in COVID era March 5, 2021
- HousingWire- Mortgae News
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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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