Featured Mortgage News

A recent TransUnion analysis finds that 55% of those who shopped for a mortgage in Q1’17 were non-homeowners, most of which were renters. This is a significant rise from Q1’16 (50%) and Q1’15 (45%), demonstrating that consumers may be shifting [Read More]

Recent Mortgage News

An increase in the number of single-family home rentals has taken away a chunk of sellable inventory, according to the May Zillow Real Estate Market Reports. The typical home stayed on the market for just 77 days, the fewest days [Read More]

The National Reverse Mortgage Lenders Association (NRMLA), through the NRMLA/RiskSpan Reverse Mortgage Market Index (RMMI), finds that homeowners aged 62 and older saw their home equity increase by a combined 3.1% to $6.3 trillion in the first quarter of 2017 [Read More]

Silicon Valley, Calif.-based real estate analytics company HouseCanary has announced that mortgage lenders and servicers can now access its home price indices (HPIs) and forecast models through First American Mortgage Solutions LLC, a subsidiary of First American Financial Corp. and [Read More]

Existing-home sales rebounded in May following a notable decline in April, and low inventory levels helped propel the median sales price to a new high while pushing down the median days a home is on the market to a new [Read More]

Nationstar Mortgage says it has moved its international call center operations back to the U.S., creating 500 new jobs and bringing customer service closer to the company’s more than 3 million customers. Moving all call center operations onshore represents one [Read More]

CoreLogic’s first-quarter 2017 Housing Credit Index (HCI) – a measurement of trends in six home mortgage credit-risk attributes – increased to 105.6, up 3.6 points from Q1 2016. But even with this increase, the level of credit risk in Q1 [Read More]

The percentage of purchase home loans relative to refinancings continued to increase, according to Ellie Mae’s most recent Origination Insight Report. In May, home purchases represented 68% of all closed loans, representing a 3% increase from the month prior. Specifically, [Read More]

DocMagic Inc., a provider of document production, automated compliance and e-mortgage services, says its technologies are now capable of supporting both phases of the upcoming Uniform Closing Dataset (UCD) requirement. The company’s technology solutions, which have been certified by Fannie [Read More]

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From The Orb

PERSON OF THE WEEK: Barry Malone is senior vice president of sales for Financial Industry Computer Systems Inc., a provider of mortgage loan origination and mortgage servicing software. MortgageOrb recently interviewed Malone to learn more about the challenges of in-house [Read More]

The last time the Financial CHOICE Act was up before Congress, the bill went nowhere.

BLOG VIEW: Nationstar Mortgage was recently fined $1.75 million for violating the Home Mortgage Disclosure Act (HMDA) by allegedly consistently failing to report accurate data about mortgage transactions from 2012 through 2014. This is the largest HMDA civil penalty imposed [Read More]

BLOG VIEW: A bill recently passed in the state of Vermont introduces changes to the licensing requirements for loan solicitors. According to the new bill, as of Dec. 31, loan solicitation companies and individuals will be required to obtain a [Read More]

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