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The delinquency rate (30 to 60 days past due) on mortgage loans held by Fannie Mae and Freddie Mac was about 1.36% as of the end of the second quarter – up from 1.21% as of the end of the [Read More]

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The National Association of Mortgage Brokers (NAMB) has teamed up with United Wholesale Mortgage (UWM) to launch a kick-start program to get more new independent mortgage brokers to set up their own shops. The KickStart program, as it is being [Read More]

U.S. home prices increased 0.7% on an unadjusted basis in July compared with June and increased 5.1% compared with July 2015, according to the S&P CoreLogic Case-Shiller Indices. That brought home prices to within 0.6% of the record high set in [Read More]

The risk of fraud in applications for mortgages increased in the second quarter – and the trend will likely continue as credit loosens and purchases increase, CoreLogic says in its latest Mortgage Fraud Risk report. The report measures six common [Read More]

About 29.3% of total home sales in June were all-cash transactions – a decrease of 0.9% compared with May and a decrease of 2.5% compared with June 2015, recent data from CoreLogic shows. This marks the first time the cash [Read More]

After decreasing 7.3% the previous week, total mortgage application volume fell again during the week ended Sept. 23, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. Total volume decreased 0.7%, on an adjusted basis, compared with the previous [Read More]

A year ago, Avon, Conn.-based Norcom Mortgage – which has been serving borrowers in the Northeastern U.S. for more than 25 years – switched to Loan Vision, an accounting and financial management solution geared toward mortgage lenders and developed by Bestborn [Read More]

Credit Plus has created a new informational video series, America’s Mortgage News, that will provide mortgage professionals with news about regulations and other factors impacting the industry. Each short video will address a variety of topics that are important to [Read More]

The Community Loan Fund of New Jersey Inc., an affiliate of New Jersey Community Capital, a nonprofit community development financial institution, is the winning bidder on a pool of 120 nonperforming loans (NPLs) recently auctioned by Fannie Mae. It was [Read More]

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From The Orb

PERSON OF THE WEEK: Having been a third-party risk management provider since 2005, Opus Capital Markets Consultants has been in the unique position of helping the mortgage industry undergo a major (and often painful) transformation during the past 10 years. [Read More]

PERSON OF THE WEEK: Today’s IP-based contact center systems are helping mortgage servicers gain new efficiencies, hold down operating costs and maintain compliance. The vendors that provide these systems often play an important role in helping servicers get the most [Read More]

BLOG VIEW: It is generally acknowledged that underwriting is the most crucial function of the mortgage loan production process. And, in most cases, underwriters’ compensation reflects how important they are to a lender’s business. Yet, too often, underwriters’ skills aren’t [Read More]

BLOG VIEW: The housing industry has seen solid gains in the last several years, helping lift overall economic growth. In fact, existing-home sales maintained their upward trajectory in June and increased for the fourth consecutive month, according to the National [Read More]

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