Featured Mortgage News


The risk of defects in mortgage applications increased 4.1% in February compared with January and was up 1.3% compared with February 2016, according to First American’s Loan Application Defect Index. The increase is due in part to the decrease in [Read More]

Recent Mortgage News

Mortgage rates dipped slightly this week, with the average rate for a 30-year, fixed-rate mortgage (FRM) falling to 4.23%, down from 4.30% the previous week, according to Freddie Mac’s Primary Mortgage Market Survey. A year ago at this time, the [Read More]

Prepayment speeds decreased 15% in February compared with January and decreased 40% compared with February 2016, according to Black Knight Financial Services’ First Look report. Driven down by rising interest rates and lower refinance activity, it was the lowest monthly prepayment [Read More]

A survey of potential home buyers shows that many are willing to go a surprising $37,809 over budget to get into their dream homes. The survey of more than 1,200 consumers conducted by Owners.com shows that more than half (55%) [Read More]

The Consumer Financial Protection Bureau (CFPB) is fining credit bureau Experian for allegedly misleading consumers that the credit scores it provided were the same ones that lenders use when making credit decisions. Experian will pay $3 million to settle the [Read More]

Matthew Marshall has joined LBA Ware, a provider of automated compensation software and systems integration solutions for mortgage lenders, as solutions consultant. Previously, Marshall served as a project manager and strategic business advisor for Q2ebanking, a leading provider of secure, [Read More]

After jumping 3.7% in January, new home sales in February were at a seasonally adjusted annual rate of about 592,000, an increase of 6.1% compared with about 558,000 in January and an increase of 12.8% compared with 525,000 in February [Read More]

Matic Insurance Services Inc.‘s insurance purchasing software is now integrated with BeSmartee‘s mortgage platform, which lenders use to provide borrowers with self-service options for getting a home loan. As a result, mortgage borrowers will have a simpler time selecting homeowners [Read More]

As part of the National Consumer Assistance Plan that becomes effective July 1, credit bureaus Equifax, TransUnion and Experian are expected to reduce the amount of tax lien and civil judgment information they report on consumer credit files. After that [Read More]

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From The Orb

BLOG VIEW: We know that flooding is a major natural disaster that affects many parts of the world, including developed countries such as the U.S. It causes billions of dollars in infrastructure and property damage, as well as loss of [Read More]

PERSON OF THE WEEK: The e-mortgage has been evolving for several years now, and the mortgage industry is very close to achieving a true, end-to-end, fully digital mortgage process. Although some roadblocks remain, particularly with regard to the acceptance of [Read More]

MORNING COMMUTE: Welcome to Morning Commute, where it’s all about music and mortgages. And the music for this morning’s commute was: Led Zeppelin IV. Also known as the “Zoso” album. What can I say … it’s another total classic album [Read More]

PERSON OF THE WEEK: Sean Hennessey is a Maryland-based vice president for Embrace Home Loans, a nationwide mortgage lender that has been in business for more than 30 years. Currently, the firm has more than 80 offices and is licensed [Read More]

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