Residential Mortgage – Page 3

Mortgage Origination Volume Jumped Sharply from 2015 to 2016

Posted by Molly Boesel on August 25, 2017

A CoreLogic analysis of public records data showed that the dollar volume of all mortgages – purchase and refinance combined – originated in 2016 was nearly $2 trillion, representing a 15% increase over 2015 volumes. The number of all mortgages [Read More]

30-Year Fixed Now At Its Lowest Level Since November

Posted by Michael Bates on August 25, 2017

Freddie Mac says the 30-year fixed-rate mortgage (FRM) averaged 3.86% with an average 0.5 point for the week ending Aug. 24, 2017, which is the lowest rate since Nov. 10, 2016. A year ago at this time, the 30-year FRM [Read More]

Lack of Housing Supply Still Creating Downward Pressure

Posted by Michael Bates on August 25, 2017

First American’s proprietary Potential Home Sales model for the month of July 2017 shows that a lack of supply “continues to be the main story of the 2017 housing market.” “Just a few months ago, the difference between the actual [Read More]

Many Metros’ Home Values Surpassing Bubble-Era Peaks

Posted by Michael Bates on August 25, 2017

Home values are setting new records in about half of the country’s largest metros, and the national median home value is now $4,100 more than it was in April 2007, just before the market crashed, according to the July Zillow [Read More]

‘Pre-Mover’ Interest Is Strong in Affordable Areas

Posted by Michael Bates on August 25, 2017

ATTOM Data Solutions’ Q2 2017 Pre-Mover Housing Index shows that the markets with the highest pre-mover indices during the second quarter – predictive of strong sales activity in the third quarter – were Colorado Springs, Colo.; Chicago; Washington, D.C.; Reno, [Read More]

Existing-Home Sales Down 1.3 Percent in July

Posted by Michael Bates on August 25, 2017

Listings in July typically went under contract in under 30 days for the fourth consecutive month because of high buyer demand, but existing-home sales ultimately pulled back as large declines in the Northeast and Midwest outweighed sales increases in the [Read More]

Housing Market in California Slowing Down for Fall

Posted by Michael Bates on August 23, 2017

California pending home sales trended lower in July versus June and year over year, according to recent data assembled by the California Association of Realtors. The strong sales momentum that occurred during the peak home-buying season gave way in July [Read More]

Vantage Production Using Optimal Blue Pricing Engine

Posted by Michael Bates on August 23, 2017

Vantage Production says its VIP users can now incorporate real-time product and pricing information directly into consumers’ quotes and sales presentations via integration with Optimal Blue’s platform. Optimal Blue’s Digital Marketplace enables originators to automate their entire secondary marketing operation [Read More]

Arch MI, OpenClose Provide Integration Via LOS

Posted by Michael Bates on August 23, 2017

Arch Mortgage Insurance Comp. (Arch MI), a provider of private mortgage insurance, and OpenClose, a multichannel loan origination system (LOS) and mortgage software solutions provider, have completed a new integration allowing immediate access to Arch MI RateStar pricing from within [Read More]

GSE Rolling Out Automated Collateral Evaluation on September 1

Posted by Michael Bates on August 21, 2017

Freddie Mac says it is now offering its automated collateral evaluation (ACE) service to consumers who are buying homes or refinancing existing mortgage loans. The ACE process assesses the need for a traditional appraisal by leveraging proprietary models and using [Read More]

QuestSoft Tech Features New Loan-Level Validation Functionality

Posted by Michael Bates on August 21, 2017

QuestSoft’s Compliance EAGLE software platform has added new loan-level data checks and validation for Nationwide Mortgage Licensing System (NMLS) mortgage call reports, allowing lenders to check for and correct errors and also display warnings during the normal loan funding cycle. [Read More]

Refi Volume Inched Up a Bit in July

Posted by Michael Bates on August 18, 2017

According to Ellie Mae’s July Origination Insight Report, the percentage of refinance home loans increased three points to 35% of all closed loans, following two months of refis’ share decreasing. “The market has been shifting from refis to purchases, but [Read More]

Survey Provides Insight into Millennials’ Thoughts on Home Buying

Posted by Michael Bates on August 18, 2017

According to a recent survey conducted by loanDepot, 52% of Millennials (born between 1981 and 1997), cite no longer wanting to pay rent and being ready to start a family as two top drivers motivating them to start looking into [Read More]

Number of Equity-Rich Properties Continues to Grow

Posted by Michael Bates on August 18, 2017

ATTOM Data Solutions’ Q2 2017 U.S. Home Equity & Underwater Report shows that at the end of the second quarter of 2017, there were more than 14 million U.S. properties that were equity-rich – where the combined loan amount secured [Read More]

NAR: Housing Supply at ‘Pitiful Levels’

Posted by Michael Bates on August 17, 2017

According to the latest quarterly report from the National Association of Realtors, the national median existing single-family home price in the second quarter was $255,600, which is up 6.2% from the second quarter of 2016 ($240,700) and surpasses the third [Read More]

Comergence Launches Social Media Compliance Tool

Posted by Michael Bates on August 17, 2017

Comergence, an Optimal Blue company, has debuted its newest compliance solution: Social Media Compliance. Powered by regulatory intelligence capabilities and embedded with the specific policies and procedures of a licensed mortgage originator, the service addresses the growing need of monitoring [Read More]

Anworth Using SS&C to Enhance REIT Business

Posted by Michael Bates on August 17, 2017

Anworth Mortgage Asset Corp., a publicly traded mortgage REIT, has selected SS&C Technologies Holdings Inc. to streamline its trading, investment accounting and financial reporting operations through a combination of specialized REIT software and outsourced accounting services. Anworth invests in agency [Read More]

Path LOS Users Now Have Direct Access to Radian MI

Posted by Michael Bates on August 17, 2017

PathSoftware says its cloud-based mortgage loan origination software (LOS), Path, is now integrated with Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group Inc. This direct connect integration allows Path users to obtain rate quotes and order MI [Read More]

Firms Partner to Offer Telemetry MBI to Mortgage Lenders

Posted by Michael Bates on August 17, 2017

Spiegel Accountancy Corp. (SAC), a professional accounting firm that serves the mortgage industry and small businesses nationwide, has formed a professional alliance with 5X Solutions, a mortgage research, data analytics technology company. The collaboration combines SAC’s accounting acumen with 5X Solutions’ [Read More]

Freddie Mac Wraps Up $2.47 Billion SCRT Offering

Posted by Michael Bates on August 14, 2017

Freddie Mac has completed its third Seasoned Credit Risk Transfer (SCRT) offering – a rated securitization of approximately $2.47 billion of both guaranteed senior and unguaranteed subordinate securities. The SCRT securitization program is a part of Freddie Mac’s seasoned loan [Read More]