BREAKING NEWS
MBA: Mortgage Applications Rise 3rd Straight Week
Mortgage applications inched up for the third straight week as key interest rates increased marginally, the Mortgage Bankers Association reported this week in its Weekly Mortgage Applications Survey for the week ending October 11.
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As the foreclosure crisis from earlier this decade wanes, the profile of purchasers of foreclosed properties has shifted away from larger investment operations to “mom and pop” investors, said Auction.com, Irvine, Calif.
Location, location, location: take a $75,000 bungalow in Garfield Heights, Ohio and plop it down on a 1/3-acre lot in McLean, Va., and it suddenly becomes an $800,000 object of a bidding war.
Commercial real estate values are dictated by property incomes and capitalization rates, or the yields investors are looking to receive on their investments.
Lowering loan manufacturing costs, improving overall mortgage processing efficiencies and achieving optimal risk management begins with improving the quality of the underlying mortgage loan file data. Fortunately, automation is bringing much-needed improvements that efficiently bring data inconsistencies to the surface so that accuracy can be achieved and decisioning can be improved.
ATTOM Data Solutions, Irvine, Calif., named Ohan Antebian to lead its Consumer Businesses.
Even a super-fast mortgage origination process isn’t worth the near-$10,000 price tag borrowers are currently facing. That’s just too much to pay for the “privilege” of getting a loan.
Lowering loan manufacturing costs, improving overall mortgage processing efficiencies and achieving optimal risk management begins with improving the quality of the underlying mortgage loan file data. Fortunately, automation is bringing much-needed improvements that efficiently bring data inconsistencies to the surface so that accuracy can be achieved and decisioning can be improved.
Ginnie Mae, Washington, D.C., said issuance of its mortgage-backed securities totaled $53.517 billion in September, providing financing for more than 207,000 homeowners and renters.
Jon Forrester is Vice President of Valuation Services with Valuation Partners, Sugarland, Texas, responsible for development and deployment of the company's valuation tools, including hybrid appraisals, as well as creating new efficiencies in the appraisal process.
