Residential Mortgage – Page 7

Real House Prices Decrease Despite ‘Monetary Tightening Policies’

Posted by Amanda Fava on June 27, 2017

According to the April 2017 First American Real House Price Index (RHPI), real house prices decreased 1.6% between March and April and increased by 11% year over year. The RHPI also indicates that real house prices are 33.6% below their [Read More]

NAR: Homeowners Confident in Selling; Renters Losing Confidence in Buying

Posted by Amanda Fava on June 26, 2017

Existing housing inventory has declined year over year each month for two straight years, but new consumer findings from the National Association of Realtors (NAR) offer hope that the growing number of homeowners who think now is a good time [Read More]

TransUnion Finds Most Mortgage Shoppers in Q1’17 Were Renters

Posted by Amanda Fava on June 23, 2017

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]

Number of For-Sale Homes Falling at Fastest Pace in Four Years

Posted by Amanda Fava on June 23, 2017

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]

NRMLA: Seniors’ Home Equity at All-Time High

Posted by Amanda Fava on June 23, 2017

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]

HouseCanary HPIs Now Available Through First American Mortgage Solutions

Posted by Amanda Fava on June 23, 2017

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]

New Yorkers See Longer Time to Break Even on Home Purchases in Q1’17

Posted by Michael Bates on June 23, 2017

The costs of renting a home in New York City would exceed the costs of buying a comparable home in 5.6 years, according to local online real estate marketplace StreetEasy’s Tipping Point analysis. The analysis finds an increase in tipping [Read More]

NAR Provides Snapshot Of Healthy Market In May

Posted by Michael Bates on June 21, 2017

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]

Bringing It All Back Home: Nationstar Onshores Call Centers

Posted by Michael Bates on June 21, 2017

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]

Mortgage Credit Risk Is Right Around The ‘Normal Baseline’

Posted by Michael Bates on June 21, 2017

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]

Share Of Purchase Mortgages Continues To Outpace Refis

Posted by Michael Bates on June 21, 2017

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 Tech Is Ready For Both Phases Of UCD Implementation

Posted by Michael Bates on June 21, 2017

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]

Michael Schreck Joins cloudvirga As CEO

Posted by Michael Bates on June 21, 2017

cloudvirga, a developer of loan officer and direct-to-consumer, point-of-sale (POS) systems, has named Michael Schreck its CEO. He succeeds cloudvirga co-founder Bill Dallas, who will continue as chairman of cloudvirga’s board of directors. Schreck joins cloudvirga following a successful Series [Read More]

Mortgage CRM Tool Enhanced With New Functionality

Posted by Michael Bates on June 20, 2017

CRMnow has released a new version of its Mortgage iQ CRM solution that features “improved efficiencies and an all-new look and feel.” New functionality includes “quick action” menus that allow users to perform tasks from their pipeline list views with [Read More]

MBA Critical Of FHFA Recommendations

Posted by Michael Bates on June 19, 2017

The Mortgage Bankers Association (MBA) says it is supportive of many recommendations contained in the Federal Housing Finance Agency’s (FHFA) annual report to Congress, released last week. However, the organization has also expressed concerns about certain measures the FHFA is [Read More]

Fannie Mae Provides Updated Economic Forecast

Posted by Michael Bates on June 19, 2017

According to the Fannie Mae Economic & Strategic Research Group’s June 2017 Economic and Housing Outlook, the current economic expansion is forecast to continue, with full-year growth at 2% for 2017. “This month marks the eighth anniversary of the U.S. [Read More]

New Unit Encompasses Correspondent, Warehouse And Capital Markets

Posted by Michael Bates on June 19, 2017

Mortgage originator and servicer Home Point Financial Corp. has formed its new Institutions Group, which comprises correspondent lending, capital markets and Home Point’s wholly-owned warehouse lending subsidiary, NattyMac. “With the introduction of our Institutions Group, we have a structure and [Read More]

Visionet Tool In Step With Freddie Mac UCD Requirements

Posted by Michael Bates on June 19, 2017

Visionet Systems, a provider of technology solutions and business process outsourcing services for the mortgage industry, has become a verified technology integration vendor for Freddie Mac’s Loan Closing Advisor platform. Visionet’s CD2UCD solution was tested to ensure that its interface [Read More]

Premium Title Nets Morningstar MOR RV1 Rating

Posted by Michael Bates on June 19, 2017

Atlanta-based title and settlement services provider Premium Title – a subsidiary of Altisource Portfolio Solutions – has received a MOR RV1 residential vendor ranking for title insurance services from Morningstar Credit Ratings LLC. Premium Title handles work related to refinance, [Read More]

Firms Integrate Tech To Deliver Product Eligibility And Pricing

Posted by Michael Bates on June 19, 2017

Velma.com has chosen Optimal Blue as its partner to provide mortgage lenders with accurate, real-time product eligibility and pricing through the Optimal Blue API. Enterprise lenders using Velma’s CRM and marketing platforms will be able to leverage Optimal Blue’s loan-officer-specific, [Read More]