“With the job market looking strong, and inflation well above target and likely to stay there for some time, the Federal Reserve moved to begin to taper their asset purchases and signaled that they are beginning to think about raising short-term rates. The timing and amount of tapering are in line with market expectations and as previously communicated by the Fed.”
–MBA Chief Economist Mike Fratantoni.
Mortgage rates fell last week—but so did mortgage applications, refinance applications in particular, the Mortgage Bankers Association reported in its Weekly Mortgage Applications Survey for the week ending October 29.
The Mortgage Bankers Association and nearly two dozen industry trade groups urged members of the Senate Banking Committee to support federal legislation to address “tough legacy” contracts that currently reference LIBOR.
SimpleNexus, Lehi, Utah, said declining loan volumes in the third quarter pushed quarterly loan originator commission earnings by 17%.
The Mortgage Bankers Association’s Accounting & Financial Management Conference takes place Nov. 10-12 at the Grand Hyatt Nashville.
While Rural Development’s requirements lack details specific to the content of the security instruments used, they do have plenty of other requirements regarding the servicing of a loan which may not be completely compatible with the covenants within the SIs. The following summarizes the types of conflicts, additional requirements and near conflicts that may exist
Cherry Creek Mortgage, Denver, promoted Susan Vick to Vice President of Marketing.
While there are more tools, technology advancements, access to data and specific programs tailored to minority consumers and marginalized groups than ever before, there are still additional steps the industry can take to truly make homeownership a reality for all.
Mortgage rates fell last week—but so did mortgage applications, refinance applications in particular, the Mortgage Bankers Association reported in its Weekly Mortgage Applications Survey for the week ending October 29.
Pretium, New York, a specialized investment management firm with $30 billion in assets, acquired Anchor Loans LP, a provider of financing to residential real estate investors and entrepreneurs
