Content Category: Residential Mortgage
New Home Sales Flat In September
on Friday October 24 2014 by MortgageOrb.com print the content item
New home sales reached a seasonally adjusted annual rate of about 467,000 in September, an increase of 0.2% compared to the revised August rate of [read more]
Freddie Mac: Lack Of Wage Growth Holding Housing Back
on Thursday October 23 2014 by MortgageOrb.com print the content item
Although the U.S. economy is improving, fears over the state of the global economy and the related impact on the financial markets, as well as [read more]
Freddie Mac: Fixed 30-Year Mortgage Rates Drop Below 4%
on Thursday October 23 2014 by MortgageOrb.com print the content item
The average rate for a 30-year fixed-rate mortgage (FRM) hit 3.92% this week, down from 4.13% the previous week to reach its lowest level since [read more]
NAR: Existing-Home Sales Up 2.4% In September
on Thursday October 23 2014 by MortgageOrb.com print the content item
Existing home sales - including sales of condominiums and town houses - increased from a seasonally adjusted annual rate of 5.17 million in September, up [read more]
MBA Forecasts What Next Year Holds For Originations
on Tuesday October 21 2014 by MortgageOrb.com print the content item
The Mortgage Bankers Association (MBA) says it is expecting to see $1.19 trillion in mortgage originations during 2015 - a spike of 7% from the [read more]
Fannie Mae Rolling Out New Appraisal Tool For Lenders
on Tuesday October 21 2014 by MortgageOrb.com print the content item
Government-sponsored enterprise (GSE) Fannie Mae has announced a new appraisal analysis application for lenders, Collateral Underwriter, which will be available early next year. Fannie Mae [read more]
Privacy Disclosure Rule Now Finalized By The CFPB
on Tuesday October 21 2014 by MortgageOrb.com print the content item
The Consumer Financial Protection Bureau (CFPB) has finalized a rule to promote more effective privacy disclosures from financial institutions to their customers. The new rule, [read more]
One Of Five Appraisals Has Value Less Than Contract Price, Says Platinum Data
on Tuesday October 21 2014 by MortgageOrb.com print the content item
More than 17% of appraisals on purchase transactions have a value less than the value of the contract price - possibly indicating that home values [read more]
Ellie Mae Reaches New Milestone For Encompass Technology
on Monday October 20 2014 by MortgageOrb.com print the content item
Software solutions provider Ellie Mae says it has reached a major milestone: 100,000 active users of its Encompass mortgage management solution. The Encompass all-in-one mortgage [read more]
Churchill Mortgage Touts Surge In Year-Over-Year Purchase Volume
on Monday October 20 2014 by MortgageOrb.com print the content item
Citing a prevalence of increasing home buyer demand, Churchill Mortgage says its purchase volume increased 49% year over year from April to September. Last year, [read more]
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