Home prices increased 0.7% on an adjusted basis in December compared with November and increased 5.8% compared with December 2015, according to the S&P CoreLogic Case-Shiller U.S. National Home Price index. The index’s 10-city and 20-city composites each saw home prices [Read More]
Pamela Steele Parker has joined Mortgage Network Inc. as a senior loan officer in the company’s Wellesley, Mass., office. Parker has more than 15 years of mortgage banking experience, having closed more than 2,800 loans in her career. Most recently, [Read More]
Pending home sales fell 2.8% in January to a score of 106.4 in the National Association of Realtors (NAR) Pending Home Sales Index. That’s down from an upwardly revised score of 109.5 in December and the lowest since January 2016. [Read More]
U.S. home prices increased 0.1% in December compared with November and increased 5.7% compared with December 2015, according to Black Knight Financial Services’ Home Price Index (HPI) Report. The average price for a single-family home in the U.S. was $267,000. States [Read More]
New home sales in January were at a seasonally adjusted annual rate of about 555,000, an increase of 3.7% compared with a revised rate of about 535,000 in December and an increase of 5.5% compared with about 526,000 in January [Read More]
However, First American’s mortgage application defect index is down 28.4% compared with the high point of risk in October 2013.
Craig Austin is now working for ClosingCorp, a provider of residential real estate closing cost data and technology, as senior vice president of sales and business development. Previously, Austin held sales and account management positions at RealEC Technologies/Black Knight Financial [Read More]
Parkside Lending, a national wholesale and correspondent lender, is now offering Fannie Mae’s HomeReady Mortgage, an affordable lending option for low- to moderate-income borrowers who otherwise may not qualify for a conventional Fannie Mae loan. The loan underwriting guidelines include [Read More]
Christina Taraborelli has joined Mortgage Network Inc., one of the largest mortgage bankers in the Eastern U.S., as a loan officer in the company’s Conshohocken, Pa., branch office. Taraborelli, who is licensed to do business in Pennsylvania and New Jersey, [Read More]
IncomeGenius, an income calculation and analysis platform from Indecomm Global Services, is now integrated with Encompass, Ellie Mae’s loan origination system. That means lenders using Encompass can perform income analysis using IncomeGenius without having to exit the Encompass platform. IncomeGenius [Read More]
A federal appeals court on Tuesday issued a ruling that will prevent investors in government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac from fully recouping on their investments. Investors from Perry Capital and others allege that they were illegally duped [Read More]
Mortgage application volume fell 2.0% on an adjusted basis last week as applications for refinances decreased 1.0% and applications for purchases decreased 3.0%, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. On an unadjusted basis, applications for [Read More]
Lawrence Yun, chief economist for NAR, characterized the 3.3% month-over-month increase in home sales as “a prosperous start” to 2017.
Premium Title, an Altisource company and a national provider of title and escrow services, is now integrated with LendingQB’s end-to-end, browser-based loan origination system, thus providing users with the ability to obtain title and settlement quotes faster without leaving the [Read More]
Tim Cotten has joined Starkey Mortgage as director of recruiting. Cotten has more than 10 years of recruitment, leadership and business development experience in the mortgage industry. Previously, he worked for SWBC Mortgage as assistant vice president and manager of [Read More]
LRES, which offers valuations, real estate owned asset management, homeowners association (HOA) and other technology solutions for the mortgage and real estate industries, has launched a lien alert solution to enable servicers to continuously monitor their portfolios for liens and [Read More]
Forty-three more U.S. counties signed up for Simplifile‘s e-recording software during the fourth quarter and during the first two months of this year, the company reports. All are located across the Southern and Midwestern U.S., and most signed on in [Read More]
The bureau seeks public feedback on new ways to expand credit for consumers.
Survey shows that despite the new disclosures, only about 50% of home buyers really understand their closing costs and fees.
Mortgage credit apparently loosened somewhat in January, at least in terms of the average FICO score on closed loans, according to Ellie Mae’s Origination Insight report. The report shows that the average FICO score for all closed loans was about [Read More]