Despite mortgage rates rising slightly from a previous all-time low, mortgage applications gained 6.8% last week, according to a report from the Mortgage Bankers Association. The refinance index continued its upward climb, gaining 9% last week and jumping 86% higher than the same week one year ago. Refinances also reached a
Ginnie Mae, the government-owned corporation that securitizes loans backed by the Veterans Administration and the Federal Housing Administration, said it won’t accept adjustable-rate mortgages benchmarked to the London Interbank Offer Rate, or LIBOR, starting in January. For home equity conversion mortgages, known as reverse mortgages, the ban starts Jan. 1.
HousingWire recently spoke with Keith Murray, president and CEO of VRM Mortgage Services, about the importance of diversity in an organization and how VRM has continued to serve its clients in an unusual year. HousingWire: The term we keep hearing to describe 2020 is “unprecedented.” How has VRM continued to
In recent months, the mortgage industry has been hit with a surge in borrower demand as record-low rates coincide with the unknowns around a global pandemic. “Homeowners and renters have a lot of questions about navigating the financial fallout of COVID-19, leading to overwhelming demands on lenders and servicers,” said
The Federal Housing Finance Agency is requesting industry input on its strategic plan for fiscal 2021 to 2024, six weeks before an election that could change the future of Fannie Mae and Freddie Mac. The watchdog for the companies that back about half of outstanding U.S. mortgages is looking for
It’s really easy to get caught up in the moment in the mortgage industry. During this particular moment, the prevailing thought is “throughput!” It’s no secret that much of our space is busy trying to push mortgage loans through the pipeline without losing them as their sales funnels overflow. So
Painter Kenneth Noland said, “Context is key – from that comes the understanding of everything.” Whether that is true in the world of art I could not tell you, but it is most certainly true in the world of economics. What are numbers but meaningless points? It is when those
Just two months after its public debut, Rocket Companies is looking to bulk up its wholesale operation by sweetening the pot for mortgage brokers. The Detroit-based firm, which began 35 years ago as a mortgage broker shop in southeast Michigan, is rebranding Quicken Loan Mortgage Services to Rocket Pro TPO.
Sales of existing homes rose to a 14-year high of 6 million in August, the National Association of Realtors said in a report on Tuesday. Combined sales of single-family houses, townhomes, condominiums and cooperatively owned apartments rose 2.4% from July, according to the report. Compared to a year ago, prior
In addition to an increase in home sales across the five-county MSA, sales dollar volume jumped 35.3 percent to $1,889,382,006, and the median …
This list was obtained from the El Paso County Assessor’s Office and covers sales recorded during the period of June 15-21. Each listing includes the …
Northern Colorado Springs real estate sales: June 15-21, 2020. Sep 22, 2020; 9 min ago …
Meridian Listing Agent Kevin Harper Says Idaho Real Estate Market Stronger Than Many Expected
Lake & Town Realty Partners With Real Estate Portal Lakefront Living Realty LLC
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Ohio Investment Real Estate Broker Launches New Property Search Website
Zillow News Truth Delta: Opinion & Editorial