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Equity National Title Now Conducting eClosings With Pavaso
Jun 28th, 4:43am
Equity National Title, a national provider of title and settlement services is now able to deliver eClosings with Digital Close through Pavaso,...
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Freedom Mortgage Agrees To Acquire Residential Mortgage Assets
Jun 28th, 4:35am
Freedom Mortgage Corp., a privately held, full-service mortgage lender licensed in all 50 states, has agreed to buy approximately $500 million of...
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MBS RECAP: On Guard For One Central Banker, Bonds Get Rocked By Another
Jun 27th, 3:59pm
Bond markets got sucker-punched today. Traders were on the lookout for Yellen's comments at a conference in London in the afternoon....
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Senate health-care vote delay is significant: Cowen
Jun 27th, 3:17pm
Chris Krueger, Cowen managing director, analyzes...
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Fed Chair Janet Yellen: Major banks are much stronger this year
Jun 27th, 3:16pm
At the British Academy in London, Federal Reserve...
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Real Estate Economist Optimistic About Millennials
Jun 27th, 2:05pm
The chief economist of Stewart Title is optimistic about the U.S. economy, the impact of rising interest rates and millennials.Ted Jones delivered...
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Real House Prices and Price-to-Rent Ratio in April
Jun 27th, 1:54pm
Here is the earlier post on Case-Shiller: Case-Shiller: National House Price Index increased 5.5% year-over-year in April It has been more than...
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Yellen: Banks 'very much stronger'; another financial crisis not likely 'in our lifet
Jun 27th, 1:02pm
Fed Chair Janet Yellen said Tuesday that banks are "very much stronger" judging by how major institutions did in the recent stress tests....Read More
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Curtain May be Rising on Another GSE Drama
Jun 27th, 12:59pm
Bloomberg is reporting there appears to be yet another plan in the long running reality show featuring the government sponsored enterprises or...
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Housing inventory has gotten worse as demand rises
Jun 27th, 12:57pm
CNBC's Diana Olick reports on the latest...
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The last rake hike will be in December, here's how that will move bonds: Strategist
Jun 27th, 12:57pm
Bill Stone, PNC Asset Management, discusses the...
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Watch Fed Chair Janet Yellen and Lord Nicholas Stern discuss world economic issues
Jun 27th, 12:14pm
Federal Reserve Chair Janet Yellen will sit down in London with Lord Nicholas Stern, president of the British Academy, to discuss global economic...
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Will the Hispanic Homeownership Gap Persist?
Jun 27th, 12:14pm
Will the Hispanic Homeownership Gap Persist?...Read More
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5 Highest Appreciating Home Markets Include 3 Ds
Jun 27th, 11:54am
Although two cities located in the Northwest consistently top the list of areas with the fastest-rising home values, a trio of D-cities recently...
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Yields rise with European debt after upbeat Draghi comments
Jun 27th, 11:17am
NEW YORK, June 27 U.S. Treasury yields rose on Tuesday, in sympathy with European government debt weakness, after European Central Bank President...
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Reis: Apartment Vacancy Rate increased in Q2 to 4.4%
Jun 27th, 11:16am
Reis reported that the apartment vacancy rate was at 4.4% in Q2 2017, up from 4.3% in Q1, and up from 4.2% in Q2 2016.  This is the...
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Bank Unloads Mortgage Business
Jun 27th, 10:14am
The mortgage banking remnants of a bank that failed during the depths of the financial crisis have been scooped up by one of the nation's biggest...
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A Mystery Fed Candidate Won a Seat at the FOMC Table, Then Walked Away
Jun 27th, 10:03am
Bloomberg A Mystery Fed Candidate Won a Seat at the FOMC Table, Then Walked Away Bloomberg Janet Yellen, chair of the U.S. Federal Reserve, leaves...
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Consumer confidence gains in June, topping estimates
Jun 27th, 10:03am
The Consumer Confidence Index rose in June to 118.9, despite expectations for it to drop, The Conference Board announced Tuesday....Read More
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US home prices grow just 5.5 percent in April, missing analysts' expectations
Jun 27th, 9:48am
The U.S. National Home Price NSA Index reports a...
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Signs of Deceleration Despite Record High Home Price Index - Case-Shiller
Jun 27th, 9:27am
The S&P CoreLogic Case-Shiller National Home Price Index for April set a record high, on a non-seasonally adjusted (NSA) basis for the fifth...
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Reverse Mortgage Business Acquired
Jun 27th, 9:15am
The reverse mortgage unit of a Maryland-based home lender has been sold in a transaction that promises to create a top-tier reverse mortgage...
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Wells Fargo to sell commercial insurance business
Jun 27th, 9:01am
(Reuters) - Wells Fargo & Co said on Tuesday it agreed to sell its commercial insurance business to private insurer USI Insurance Services, as...
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Survey Reveals The Number One Obstacle For Homebuyers Nationwide
Jun 27th, 8:42am
NAMB, The National Association of Mortgage Professionals, announced the results of its monthly member survey. The primary findings include the...
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Investor Updates; Upcoming Training and Events
Jun 27th, 8:31am
Posted To: Pipeline PressWorries about Europe’s economies have, in most part, subsided. But rumors swirl regarding The Land of Lincoln....
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MBS Day Ahead: Rattled by Draghi, Traders Wait For Yellen
Jun 27th, 8:26am
Members of the FOMC are constantly giving speeches and making appearances at various events. The only exception would be the "blackout...
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Lender Embraces A More Efficient Appraisal Process
Jun 27th, 8:25am
American Financial Network, Inc. (AFN), one of the country’s fastest growing mortgage companies with more than 30 appraisal management...
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Real Estate Ponzi Scheme Unearthing Leads to Guilty Plea
Jun 27th, 7:44am
The former owner of a "We Buy Ugly Houses" franchise admitted in federal court recently that she mislead investors, misused investors' money,...
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Here's how to invest in real estate â€" think Warren Buffett-style, not
Jun 27th, 7:44am
REITs can yield big profits, but only if you know which ones to buy, says our call of the day....Read More
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Americans' Confidence in Economy Remains Barely Positive
Jun 27th, 7:43am
Americans' views of the economy were unchanged last week, with Gallup's U.S. Economic Confidence Index remaining slightly positive....Read More
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Draghi speaks of 'strengthening and broadening recovery' in euro zone, but says stimulus m
Jun 27th, 7:43am
President Mario Draghi of the European Central Bank said Tuesday that the central bank will have to be prudent to gradually adjust its monetary...
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A Republican and a Democrat team up to split Fannie Mae and Freddie Mac
Jun 27th, 7:41am
Senators Bob Corker and Mark Warner are considering legislation that would break up Fannie Mae and Freddie Mac, according to Bloomberg....Read More
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Finance of America Lending/Servicing/Staffing Down
Jun 26th, 6:27pm
Quarterly mortgage originations were slower at Finance of America Holdings LLC. Also diminishing was the lender's staffing and servicing...
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Office Drives Improvement in CMBS Delinquency
Jun 26th, 5:33pm
After worsening for several months in a row, the past-due rate on securitized commercial real estate loans moved lower. Office building loans...
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MBS RECAP: Weak Durable Goods Helps Bonds Hold Gains
Jun 26th, 4:35pm
Posted To: MBS CommentaryDespite a super narrow range throughout the day, last Friday saw 10yr yields close at the 2nd best levels of the year....
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House member launches fintech lending investigation
Jun 26th, 3:57pm
Congressman Emanuel Cleaver, II announced last week that he had launched an investigation into small business financial technology (fintech)...
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Rates Still Flat at 8-Month Lows
Jun 26th, 3:21pm
Mortgage rateswere steady to slightly lower today, depending on the lender. Underlying financial markets continue moving in a narrow...
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Ugly House Buyer Deceives Investors
Jun 26th, 3:17pm
The guilty plea of a former franchise owner of We Buy Ugly Houses has prompted the company to issue a statement condemning the real estate...
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Here's the worrisome 'conundrum' taking place in the bond market right now
Jun 26th, 3:07pm
Long-term Treasury bond yields fell Monday, with the 30-year bond yield hitting 2.682 percent its lowest level since Nov. 9....Read More
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Trade associations voice support for commission to run CFPB
Jun 26th, 3:04pm
A group of 22 trade associations sent a letter last week to the Chairmen and Ranking Members of the Senate and House Appropriations Committees...
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Senior Mortgage Executives' Non-GSE Outlook Strong
Jun 26th, 12:10pm
Senior mortgage banking executives are expecting that demand for non-agency programs will intensify. At the same time, the group expects...
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LOS Expands Its Offering And Brand Awareness
Jun 26th, 11:31am
OpenClose, a multi-channel loan origination system (LOS) and mortgage software solutions provider, has unveiled a new corporate website to...
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Perceived Sellers' Market Could Lead to Inventory Gains
Jun 26th, 11:25am
Is there relief in sight for those oft cited, much maligned tight housing inventories? The National Association of Realtors (NAR) sees...
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QC Player Is Ready For Day 1 Certainty
Jun 26th, 11:22am
ACES Risk Management (ARMCO), a provider of financial quality control and compliance software, has updated its flagship ACES Audit Technology with...
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HUD and Census Bureau Report New Residential Sales in May 2017
Jun 26th, 11:12am
WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau today jointly announced the following new...
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Freddie Mac: Mortgage Serious Delinquency rate declined in May, Lowest since May 2008
Jun 26th, 10:26am
Freddie Mac reported that the Single-Family serious delinquency rate in May was at 0.87%, down from 0.92% in April.  Freddie's rate is...
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Falling Demand, Competition, Push Lenders Toward Easing Standards
Jun 26th, 10:23am
As home buying affordability has declined, it has indirectly moved lenders' apparent willingness to loosen credit standards in the opposite...
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Art Cashin warns about a 'wild card' remark on a 2008 financial crisis repeat
Jun 26th, 9:53am
"I would prefer not to see a Lehman-like moment again," Art Cashin says....Read More
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71 Percent of Homeowners Believe It's a Good Time to Sell; Economic and Financial Confidence Di
Jun 26th, 9:16am
WASHINGTON (June 26, 2017) — Existing housing inventory has declined year over year each month for two straight years, but new consumer...
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Black Knight Home Price Index Hits All-Time High
Jun 26th, 9:11am
The third major home price indicator of the month was released on Monday and again there was no indication that the rate of appreciation is...
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Freddie Signing a Different Tune on Housing/Mortgage Outlook
Jun 26th, 9:08am
On November 30, 2016 Freddie Mac's economists issued their monthly Outlook which, in light of the sudden surge in interest rates earlier that...
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Freddie Singing a Different Tune on Housing/Mortgage Outlook
Jun 26th, 9:08am
On November 30, 2016 Freddie Mac's economists issued their monthly Outlook which, in light of the sudden surge in interest rates earlier that...
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Bank News: Stress Tests, M&A, Values, Underwriting Changes, New Products
Jun 26th, 9:06am
“Statistics are like bikinis. What they reveal is suggestive but what they conceal is vital.” We’re always watching home sales...
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Durable goods down 1.1% vs. 0.4% est.
Jun 26th, 9:02am
These aren't good numbers, says CNBC's Rick...
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Chicago Fed "Index Points to Slower Economic Growth in May"
Jun 26th, 9:00am
From the Chicago Fed: Chicago Fed National Activity Index Points to Slower Economic Growth in May Led by declines in production-related...
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MBS Week Ahead: Bonds Look to Data and Month-End For Breakout Potential
Jun 26th, 8:37am
Whereas the previous week was generally devoid of significant economic data or market moving events, the current week is more of a contender....
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U.S. core capital goods orders, shipments slip in May
Jun 26th, 7:57am
WASHINGTON, (Reuters) - New orders for key U.S.-made capital goods unexpectedly fell in May and shipments also declined, suggesting a loss of...
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As Mortgage Demand Cools and Competition Heats Up, More ...
Jun 26th, 7:57am
News Release. Share This: June 26, 2017. As Mortgage Demand Cools and Competition Heats Up, More Lenders Are Planning ......Read More
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Financial conditions another reason to tighten Fed policy: NY Fed's Dudley
Jun 26th, 7:35am
The recent narrowing of credit spreads, record stock prices, and falling bond yields could encourage the Federal Reserve to continue tightening...
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ARMs, Refis Lead Weekly Mortgage Market Index Down
Jun 25th, 5:20pm
A week-over-week decline in new mortgage activity was led by a big drop in demand for adjustable-rate mortgages and refinances. One bright spot...
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LO Busted for Reverse Mortgage Fraud
Jun 23rd, 4:41pm
A loan officer who originates reverse mortgages has been charged with committing mortgage fraud and not completing promised home repairs.Mark...
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MBS RECAP: Quietest Day of The Week Despite Several Interesting Tidbits
Jun 23rd, 4:32pm
We've been watching the intraday trading ranges in bond markets to keep an eye on just how flat things have been in the wake of last...
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Marketing lessons from $1b Clooney tequila and fallen fintech lender Sindeo
Jun 23rd, 4:24pm
Even if you haven't heard of Sindeo, when a fintech brand like this falls, you better hear the sound because there are lessons here for all of us....
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The Week Ahead: Housing market in the spotlight
Jun 23rd, 4:16pm
CNBC's Jackie DeAngelis looks ahead to what are...
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Pros and cons of paying off mortgage before retirement
Jun 23rd, 4:16pm
Retiring a mortgage can reduce stress, increase...
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Stocks Are Ignoring Oil's Bear Market
Jun 23rd, 4:16pm
Bloomberg Stocks Are Ignoring Oil's Bear Market Bloomberg The bear market in crude in many ways resembles its more severe predecessors...
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Rates Cap Impressively Sideways Week Near Long-Term Lows
Jun 23rd, 3:59pm
Posted To: Mortgage Rate WatchWeeks like this are the reason that some mortgage rate analysis is only done once a week. There haven't been any...
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Economic disappointment at levels not seen since 2011
Jun 23rd, 3:05pm
CNBC's Jeff Cox and Peter Boockvar, The Lindsey...
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Here's how much housing prices have skyrocketed over the last 50 years
Jun 23rd, 3:04pm
In 1940, the median home price in the U.S. was less than $3,000....Read More
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How to Get a Mortgage Without a Full-Time, Permanent Job
Jun 23rd, 3:04pm
Obtaining a mortgage as a gig economy worker can be challenging. Do your homework and start preparing your finances and paperwork well in advance....
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Home building demand has been strong: Credit Suisse
Jun 23rd, 3:04pm
Susan Maklari, senior analyst at Credit Suisse,...
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Mortgage Lending Forecasted to Fall After Q2 Peak
Jun 23rd, 1:36pm
After peaking during the current quarterly period, single-family loan production is projected to retreat for the foreseeable future.During the...
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Diversity Not Destined to Dampen Homeownership
Jun 23rd, 1:09pm
Posted To: MND NewsWireThe final installment of a series of working papers produced by the University of Southern California (USC), in partnership...
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Fungal toxins in the home can easily become airborne and be inhaled, says study
Jun 23rd, 12:35pm
Toxins from household fungi can easily become airborne and cause health problems, a new study has found....Read More
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Future Development Reads: Air conditioning and economic development
Jun 23rd, 12:35pm
Temperatures here in Durham, North Carolina, have soared close 90 degrees Fahrenheit (32 Celsius). I'm told by natives that July will be equally...
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Freddie Mac June 2017 Outlook
Jun 23rd, 12:33pm
Freddie Mac June 2017 Outlook...Read More
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Quicken Loans Founder Wealthiest in Michigan
Jun 23rd, 12:10pm
The founder and owner of Detroit-based Quicken Loans Inc. has been ranked as the richest person in the state of Michigan.Dan Gilbert has an...
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South, West Drive Up U.S. Home Sales
Jun 23rd, 11:47am
A surge in new home sales in the South and the West was enough to offset a plunge in residential sales in the Northeast and Midwest.On a...
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A few Comments on May New Home Sales
Jun 23rd, 11:31am
New home sales for May were reported at 610,000 on a seasonally adjusted annual rate basis (SAAR). This was above the consensus forecast,...
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US Treasurys trade flat after data, Fed speeches in focus
Jun 23rd, 10:51am
U.S. government debt prices were lower on Friday, as investors geared up for a slew of data releases and speeches by U.S. Federal Reserve...
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Top Latino Mortgage Originator Is At PrimeLending
Jun 23rd, 10:40am
The latest ranking of Latino mortgage originators is out, and PrimeLending is the employer of the No. 1 producer. The overall group nudged up...
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Why Can't They Build More Homes Where the Jobs Are? - Bloomberg
Jun 23rd, 10:26am
Bloomberg Why Can't They Build More Homes Where the Jobs Are? Bloomberg Californian cities in particular are failing to add new inventory...
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The Fed: Fed's Bullard says time for Fed to pause on rate hikes
Jun 23rd, 10:25am
St. Louis Fed President James Bullard said Friday the U.S. central bank should stop raising rates and ‘wait and see' how developments play out in...
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Last place left where investors are flocking to active ETFs: Bonds
Jun 23rd, 9:48am
The most popular actively managed ETFs this year tell a story that's not as much about investors chasing outsized performance as it is about ETFs...
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Median sale price rises to highest on record
Jun 23rd, 9:47am
CNBC's Diana Olick reports the latest data on...
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New Home Sales Rebound; Prices Crush Previous Record
Jun 23rd, 9:46am
Posted To: MND NewsWireThe report on May new home sales, released this morning, paints a much brighter picture than last month's release of...
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New home sales (May) up 2.9% vs. 3.7% est.
Jun 23rd, 9:30am
CNBC's Rick Santelli reports the latest data...
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Opening up marketplace on flood insurance
Jun 23rd, 9:16am
CNBC's Morgan Brennan reports possible...
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Brexit: One Year Later
Jun 23rd, 9:15am
Peter Spiegel of the Financial Times discusses the...
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Legal and Compliance News - Servicing Enforcement Action
Jun 23rd, 9:13am
Posted To: Pipeline PressRumors continue to swirl, this time about Orange County’s Americash. Yes, the drop in refi volume is showing, and...
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MBS Day Ahead: Bond Traders Eyeing The Exits As Flat Week Winds Down
Jun 23rd, 7:59am
Posted To: MBS CommentaryYou've heard of "innocent until proven guilty." This week of trading in bond markets has been "flat...
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Freddie Mac Issues Monthly Volume Summary for May 2017
Jun 23rd, 7:39am
Freddie Mac Issues Monthly Volume Summary for May 2017...Read More
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Lender Launches Homecoming Campaign To Reunite Separated Military Families
Jun 23rd, 7:38am
Embrace Home Loans announced the launch of its Embrace Coming Home campaign. Inspired by the dedication and commitment soldiers give to our...
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Vendor Launches Comprehensive Additional Parcel Search Solution
Jun 23rd, 7:33am
LERETA, a national real estate tax and flood service provider, has launched its Additional Parcel Search Solution, a proprietary new solution that...
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9-Yr Low for Freddie's Single-Family Delinquency
Jun 22nd, 6:41pm
Residential loan delinquency again turned lower at theFederal Home Loan Mortgage Corp., this time to the lowest level in nearly a decade.The...
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Mortgage Rates Dip, Should Stay Down
Jun 22nd, 5:14pm
Fixed mortgage rates slipped and aren't expected to move much at least until 2018. Home loans for veterans have the lowest average...
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MBS RECAP: Bonds Modestly Stronger, But Sideways Theme Remains
Jun 22nd, 3:43pm
Posted To: MBS CommentaryYesterday's recap went into some detail about the market phenomenon that can result in intense periods of sideways...
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Mortgage Rates Sideways to Slightly Lower
Jun 22nd, 2:50pm
Posted To: Mortgage Rate WatchMortgage rates have been so little-changed in recent days that yesterday's coverage wouldn't need to be changed in...
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U.S. Demographics: The Millennials Take Over
Jun 22nd, 2:18pm
From the Census Bureau The Nation's Older Population Is Still Growing, Census Bureau Reports New detailed estimates show the nation's median age -...
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Falling mortgage rates and rising home prices make for attractive refinancing combo
Jun 22nd, 2:18pm
CNBC's Diana Olick reports on lower mortgage...
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Santelli Exchange: Rising risks for the US economy
Jun 22nd, 1:09pm
Merion Capital Group's Richard Farr and...
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Home Capital's shares surge as Buffett rides to rescue
Jun 22nd, 1:08pm
TORONTO (Reuters) - Warren Buffett's Berkshire Hathaway Inc is providing a C$2 billion loan to Home Capital Group Inc and taking a 38 percent...
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Here's why one trader is selling the bond rally
Jun 22nd, 1:08pm
Trading Treasurys now, with CNBC's Jackie...
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Mortgage Servicing, Staffing Expand at Caliber
Jun 22nd, 12:40pm
Over at Caliber Home Loans Inc., staffing has expanded by more than 1,500 employees during the past 12 months. Also expanding was its mortgage...
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Kansas City Fed: Regional Manufacturing Activity "Expanded Further" in June
Jun 22nd, 10:14am
From the Kansas City Fed: Tenth District Manufacturing Activity Expanded Further The Federal Reserve Bank of Kansas City released the June...
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Decade Low for Serious Mortgage Delinquency
Jun 22nd, 10:13am
A decade has elapsed since the rate of serious mortgage delinquency was as low as it was in May. The foreclosure rate also fell to a 10-year...
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Lender Supports Financial Literacy
Jun 22nd, 9:28am
Churchill Mortgage announced the winner of its $5,000 nationwide sweepstakes, which was developed in recognition of Financial Literacy Month...
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Better Automation Solves A Lot Of Problems
Jun 22nd, 9:23am
Technology is not the enemy. Technology should be a lender’s friend. And technology can solve a lot of problems. For example, Longbridge...
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FHFA Home Prices Continue Strong Gains
Jun 22nd, 8:38am
April data from the Federal Housing Finance Agency (FHFA) indicates that, once again, there was no moderation in the pace of home price increases....
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Bond Report: Treasurys steady as jobless-claims data extend streak of strong reports
Jun 22nd, 8:24am
were looking mixed for the week, as investors digested talk from Federal Reserve speakers amid a downdraft for crude-oil prices that was putting...
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Initial jobless claims up 3K to 241,000
Jun 22nd, 8:19am
CNBC's Rick Santelli breaks down the latest...
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Prepayment Rate and Refinanceable Population Have Both Soared
Jun 22nd, 8:18am
Prepayments, apparently spurred by the recent retreat in interest rates, soared in May. Black Knight Financial Services, in its "first look" at...
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Purchase Loans, Closing Rates Improved in May
Jun 22nd, 8:17am
Originations are increasingly tilted toward home purchase mortgages per the latest Origination Insight Report from Ellie Mae. The May data...
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Multiple Vendor Updates; Internal Audit Service; Alight Raising Capital
Jun 22nd, 7:58am
This week’s Sindeo's closurereminds lenders of the basic premise: if you didn't make money in 2016, what makes 2017 any different?...
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MBS Day Ahead: Clearly a Waiting Game, but For How Long?
Jun 22nd, 7:53am
With the trading activity seen in the wake of last Wednesday's high-volume/high-movement day, it's clear that bond markets have been in a...
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Why some investors cling to bonds
Jun 22nd, 7:34am
Richard Turnill, BlackRock explains why some...
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Top-Heavy US Housing Market Is Crowding Out the Little Guys - Bloomberg
Jun 22nd, 7:30am
Bloomberg Top-Heavy US Housing Market Is Crowding Out the Little Guys Bloomberg Beneath a steady May existing home-sales number that helped put to...
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The pros and cons of paying off your mortgage before retirement
Jun 22nd, 7:29am
Should retirees pay off their mortgage? The strategy depends on taxes, asset/income levels and attitude toward debt....Read More
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Real Estate Tech Startup Homie Expands Into Mortgage Lending
Jun 22nd, 7:29am
Homie, a real estate tech startup based in Utah, already claims it can offer the lowest interest rates in the state....Read More
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Small Portfolio of Fannie Mae Loans Sold
Jun 21st, 6:05pm
A small portfolio of non-performing single-family loans that are owned by the Federal National Mortgage Association has been auctioned off.The...
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100s of Mortgage-Related Hirings in Florida
Jun 21st, 5:13pm
Hundreds of hirings are planned for a mortgage service provider that is opening up a location in Florida next month.Genpact -- which provides a...
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Mortgage Rates are Barely Budging (And That's Great!)
Jun 21st, 4:30pm
Mortgage rates have been locked in an exceptionally narrow range for most of the month of June, but especially over the past 5 days. Given that...
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Record Prices, Market Time as Existing Home Sales Up
Jun 21st, 4:28pm
Monthly sales of pre-owned residential properties rose. Record prices are being paid for existing homes as properties fly off the market. Time on...
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MBS RECAP: Summertime Sideways
Jun 21st, 3:50pm
With the taper tantrum in 2013 and Brexit in 2016, two of our most recent examples of summertime bond trading have been pulled very far from...
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Fed open to reducing regulatory burdens on banks, Powell says
Jun 21st, 3:06pm
U.S. banks today "are as strong as any in the world" allowing the U.S. central bank to look for ways to reduce unnecessary burdens on the sector,...
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'Substantial risk' that Fed is about to make a serious mistake, Pimco advisor says
Jun 21st, 3:05pm
Now that the Fed has started to hike interest rates, the central bank is under increasing fire for moving too soon....Read More
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Philly Fed: State Coincident Indexes increased in 36 states in May
Jun 21st, 3:04pm
From the Philly Fed : The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for May 2017. Over the past...
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Nationstar Mortgage Adding 500 U.S. Jobs
Jun 21st, 2:49pm
Five hundred U.S. home lending jobs are being created by Nationstar Mortgage LLC as the company changes its staffing strategy.The Dallas-based...
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Mortgage Rates are Barely Budging (And That's Great!)
Jun 21st, 2:11pm
Posted To: Mortgage Rate WatchMortgage rates have been locked in an exceptionally narrow range for most of the month of June, but especially over...
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Refi Share Thins, Conventional Metrics Strong
Jun 21st, 1:36pm
Refinances accounted for a smaller share of last month's home lending. Conventional refinance share was the widest. Conventional closing rates...
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Fed policymaker rejects criticism of rate rise decision
Jun 21st, 1:27pm
Philadelphia central bank President Patrick Harker argues for "pause" during balance sheet reduction, Financial Times...
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Fed's Harker says plan to start to shrink balance sheet could start in September
Jun 21st, 1:20pm
Philadelphia Fed President Patrick Harker on Wednesday said the September meeting could be a good time for the U.S. central bank to begin the...
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Credit reporting standards for civil judgments and tax liens to change July 1
Jun 21st, 1:19pm
An informative new American Banker podcast discusses recent and possible future changes to traditional credit scores, what they mean for...
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US oil falls 3%, hits lowest level since August
Jun 21st, 12:20pm
Oil rose, after paring earlier losses, but was set for its biggest price drop in the first half of the year since 1997....Read More
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A Few Comments on May Existing Home Sales
Jun 21st, 11:44am
Earlier: NAR: "Existing-Home Sales Rise 1.1 Percent in May" Two key points: 1) As usual, housing economist Tom Lawler's forecast was...
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Ditech Unloading Servicing on HELOCs
Jun 21st, 11:34am
The servicing of thousands of active home-equity lines of credit that are securitized is being transferred from Ditech Financial LLC next month.In...
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Divide widens between housing haves and have-nots
Jun 21st, 10:58am
The median price of an existing home sold in May set a record high, but it's not the price itself that is so stunning....Read More
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Mortgage Apps Inch Up Despite Purchase Slowdown
Jun 21st, 10:55am
A modest up tick in applications for mortgages was driven by accelerating refinance activity. But applications for home purchase financing turned...
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May Buyers Rush Past Market Challenges
Jun 21st, 10:36am
Existing home sales increased 1.1% in May, and 55% of homes sold last month were on the market less than a month as buyers overcame low inventory...
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Ensuring Total UCD Compliance
Jun 21st, 10:24am
DocMagic, Inc. has announced that its technologies are now capable of supporting both phases of the upcoming UCD (Uniform Closing Dataset)...
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Castle & Cooke Mortgage Opens Escondido Branch
Jun 21st, 10:10am
Castle & Cooke Mortgage, LLC, an independent mortgage lenders with locations across the U.S., announced the opening of its Escondido, CA...
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Marketplace Home Lender Closing Down
Jun 21st, 9:49am
A four-year-old marketplace home lender that was created to transform the manual mortgage process is closing down. Among the factors cited for the...
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May existing home sales up 1.1%
Jun 21st, 9:34am
CNBC's Diana Olick reports the latest read on...
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Existing Home Sales Modestly Higher in May
Jun 21st, 9:22am
Existing Home Sales were slightly stronger than expected in May, according to the National Association of Realtors. Here are the preliminary...
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Existing Sales Rise, Prices Peak, Time-to-Sell at New Low
Jun 21st, 9:22am
Existing home sales weren't expected to strengthen in May, in fact analysts were looking for a slight decline. Sales however did manage to recover...
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AIA: Architecture Billings Index positive in May
Jun 21st, 8:35am
Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Design billings maintain solid...
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After weeks of secrecy, US Senate to unveil health-care bill
Jun 21st, 8:32am
U.S. Senate Republicans plan to unveil the text of...
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Borrower Satisfaction Survey; CRT's Help in Secondary; Credit Risk Increasing in Primary Market
Jun 21st, 8:30am
Welcome to the first day of summer. Hey, I don’t where you’re going to be exactly two months from now, but on August 21, besides...
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Refis Take Another Step Toward 50% of All Mortgage Apps
Jun 21st, 8:21am
Posted To: MND NewsWireThe volume of applications for refinancing expanded for the third consecutive time during the week ended June 16. The...
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MBS Day Ahead: Oil's Impact on Markets: a Slippery Slope
Jun 21st, 8:17am
Here we are again with oil falling into new lows for the year and suddenly, it's the inspiration for everything according to most mainstream...
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Richard Fisher: Monetary policy no longer 'the only game in town'
Jun 21st, 7:41am
Former Dallas Fed President Richard Fisher,...
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Richard Fisher: Fed's job is not to bail out financial markets
Jun 21st, 7:41am
Former Dallas Fed President Richard Fisher,...
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Crude prices fall below $43
Jun 21st, 7:41am
CNBC's Jackie DeAngelis provides insight to oil...
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Home sales data could present a warning sign to the Fed
Jun 21st, 7:40am
Boris Schlossberg of BK Asset Management breaks down three key items he is watching for on Wednesday....Read More
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Nearly $300 Million in Freddie Mac Loans Sold
Jun 20th, 4:53pm
Nearly $300 million in re-performing and moderately delinquent single-family mortgages have been sold with a securitization to follow.The...
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Mortgage Firms Recognized as Great Employers
Jun 20th, 4:08pm
Several mortgage banking firms have been recognized as some of the best employers in their communities. One has been designated as the best...
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MBS RECAP: Bonds Erase Yesterday's Weakness Without Much Help
Jun 20th, 3:54pm
Posted To: MBS CommentaryToday had no significant news or events on the calendar, thus leaving traders to watch other traders for cues. To some...
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Property Services Firm Looks To Mobile Technology
Jun 20th, 3:17pm
Purdy Enterprise, a property services firm, has selected FotoNotes, a provider of mobile and cloud field service management platform, as its...
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Newfi Wholesale Expands To Utah
Jun 20th, 2:49pm
Newfi Lending, a technology-enabled residential mortgage lender and portfolio company of Warburg Pincus, has expanded Newfi Wholesale into Utah....
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Rates Fall Slightly to Remain Near 8-Month Lows
Jun 20th, 2:44pm
Posted To: Mortgage Rate WatchMortgage rates were steady to slightly lower today, with underlying bond markets essentially erasing the damage seen...
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Mnuchin: White House won't rule out a second term for Fed's Janet Yellen
Jun 20th, 1:26pm
Treasury Secretary Steven Mnuchin on Tuesday left the door open for President Trump to ask Federal Reserve Chairwoman Janet Yellen to stay on for...
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Santelli Exchange: Yield curve flattening
Jun 20th, 12:01pm
Brean Capital's Peter Tchir & CNBC's...
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Mnuchin Says Ultra-Long Bond Program Wouldn't Be a One-Off
Jun 20th, 11:50am
Bloomberg Mnuchin Says Ultra-Long Bond Program Wouldn't Be a One-Off Bloomberg U.S. Treasury Secretary Steven Mnuchin talks about...
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Mortgage Credit Risk Rises as Rates Increase
Jun 20th, 11:46am
After declining to the lowest level of any quarter during the prior 16 years, credit risk on new single-family loans rose. Rising rates...
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We haven't seen full effect of Fed rate hikes: David Rosenburg
Jun 20th, 11:43am
David Rosenberg, chief economist and strategist at...
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The Fed: Fed's Evans suggests his support for another rate hike is no slam dunk
Jun 20th, 11:22am
Chicago Fed President Charles Evans said Tuesday his support for another interest-rate hike this year is not a given....Read More
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Delinquency Down on 1st Mortgages, Up on 2nds
Jun 20th, 10:35am
Serious delinquency on first-lien home loans took a nice tumble last month. But the same can't be said for the past-due rate on second...
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Federal Reserve Board announces termination of enforcement action with JP Morgan Chase & Co.
Jun 20th, 10:22am
Federal Reserve Board announces termination of enforcement action with JP Morgan Chase & Co....Read More
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Fed's Evans: Recent inflation data did make me nervous
Jun 20th, 10:13am
Federal Reserve of Chicago President Charles Evans...
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Rise in Purchase Mortgages Boosts Credit Risk
Jun 20th, 9:20am
Posted To: MND NewsWireNew home purchase mortgages became a little riskier in the first quarter of 2017 per CoreLogic. The company said its...
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MBA Objects to FHFA Non-Bank Servicer Proposal
Jun 20th, 8:43am
Posted To: MND NewsWireMortgage Bankers Association President and CEO David H. Stevens, has released a statement objecting to one of the three...
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Hedging Economic Bets
Jun 20th, 8:42am
Posted To: MND NewsWireFannie Mae's Economic and Strategic Research Team hedged a few bets in its June economic summary. It laid out some wild...
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Reverse Mortgage Primer; LO Jobs and Products
Jun 20th, 8:28am
“People who don’t give up attract other people’s attention.” As do people whose humor is stuck in 4th grade – like...
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MBS Day Ahead: Still Fighting to Hold The Range
Jun 20th, 8:08am
The week continues to offer little by way of scheduled economic data/events to stir the pot, thus leaving us to observe the underlying biases...
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Fed's Fischer says he's worried memories are fading about housing's pivotal role in f
Jun 20th, 7:50am
Federal Reserve Vice Chairman Stanley Fischer said Tuesday that he was worried memories might be fading about the pivotal role that housing played...
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CoreLogic Reports Mortgage Credit Risk Edges Up Slightly
Jun 20th, 7:49am
—Credit Risk for New Loans Similar to Early 2000s— Shift to a higher percentage of home-purchase loans over refinance loans...
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HUD Report Calls for Greater Action to Reduce Injuries to Seniors in the Home
Jun 20th, 7:49am
WASHINGTON - Approximately one-third of adults age 65 years or older fall in their home, resulting in injury, long-term disability and premature...
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Lennar's profit beats as home sales gain steam
Jun 20th, 7:48am
Lennar, the No. 2 U.S. homebuilder, reported a higher-than-expected quarterly profit, as it sold more homes at higher prices....Read More
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Treasury Secretary Mnuchin on tax reform, debt
Jun 20th, 7:48am
U.S. Treasury Secretary Steven Mnuchin talks about...
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Treasury Secretary Mnuchin says Fed doing the right thing by winding down its balance sheet
Jun 20th, 7:48am
U.S. Treasury Secretary Steve Mnuchin speaks with...
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Q2 GDP Forecasts being Revised Down
Jun 19th, 10:05pm
From Merrill Lynch: Housing starts were a big disappointment in May, plunging 5.5% to 1,092k saar from 1,156k in April. ... Feeding the data into...
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Another part of the real estate market is starting to crumble
Jun 19th, 10:05pm
Landlords may have finally pushed apartment tenants to the limit of what they can afford, says John Coumarianos....Read More
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Fed's Dudley confident U.S. inflation should rebound with wages
Jun 19th, 10:05pm
PLATTSBURG, NY (Reuters) - U.S. inflation is a bit low but should rebound alongside wages as the labor market continues to improve, an influential...
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Home Builders, Home Sellers Suddenly Shy
Jun 19th, 10:04pm
Steadily rising construction of new homes has given a jolt of adrenaline to the economy, but a building slowdown raises questions. The post Home...
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MBS RECAP: Fed's Dudley Smacks Down Bond Bulls
Jun 19th, 4:06pm
Right out of the gate this morning, NY Fed President William Dudley set a rather negative tone for bond markets with several comments that...
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Mortgage Marketing Moves Forward
Jun 19th, 4:05pm
Mortgage industry service providers are helping home lenders with their marketing and advertising. Meanwhile, two credit unions won marketing...
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Mortgage Rates Fairly Steady to Begin Week
Jun 19th, 3:17pm
Posted To: Mortgage Rate WatchMortgage rates were mostly flat again today, despite bond market weakness (lower bond prices generally mean higher...
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Purchases Drive Up Monthly Home Lending
Jun 19th, 2:58pm
A significant month-over-month increase in the volume of purchase-money lending was behind an increase in overall mortgage production.U.S....
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PHH Closes On Sale of MSRs
Jun 19th, 2:08pm
A previously announced agreement for PHH Corp. to sell mortgage servicing right on government-sponsored enterprise residential loans has...
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2017 Refinance Forecast Raised By Fannie
Jun 19th, 11:21am
In addition to raising its estimate of first-quarter refinances, Fannie Mae boosted its forecast for refinance production during the following two...
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Tear-Downs Accounted for 10% of 2016 Housing Starts
Jun 19th, 9:58am
In some areas, they are called "scrape-offs," but the usual term is tear-down; demolishing an existing home to build a new one in its place....
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Fed's Dudley says he's not paying attention to bond market's signals of concerns
Jun 19th, 8:40am
New York Fed President William Dudley said Monday that the economy is in pretty good shape and he is not paying much attention to signals of...
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MBS Day Ahead: Bonds Still in Limbo, Despite Recent Victories
Jun 19th, 8:40am
Posted To: MBS CommentaryThe past 3 trading sessions marked 3 of the 5 lowest closes for 10yr yields in 2017. Friday's strength did a nice job...
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All-America Survey: Economic optimism near all-time high
Jun 19th, 8:39am
In CNBC's exclusive All-America Economic...
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Upcoming Events; M&A Discussion; Jobs and Housing Driving Rates?
Jun 19th, 7:59am
Posted To: Pipeline PressWinston Churchill said that, “If the present tries to sit in judgement on the past, it will lose the future.”...
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Increased rates could 'wreck' economy: Mark Grant
Jun 19th, 7:52am
Mark Grant, Hilltop Securities, doesn't think...
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Million-Dollar Housing Boom: Cities Where Seven-Figure Listings Have Skyrocketed
Jun 19th, 7:52am
With a housing shortage pushing prices higher, the share of homes listed for $1 million and over has been on the rise-nowhere faster than these...
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NAHB Estimates 79,000 Single-family Tear-down Starts in 2016
Jun 19th, 7:50am
Roughly 10.2% of single-family homes started in 2016 qualify as tear-down starts, up from 7.7% in 2016, according to the latest estimates from...
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This week: Big news on banks and the housing market
Jun 19th, 7:50am
This week, the Fed will explain itself. Plus, reports on the health of big banks, the housing market and more....Read More
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Are bond markets turning on the White House?
Jun 19th, 7:48am
It's not a good idea to dismiss the falling bond yields in reaction to the Fed's difficult work of steering the U.S. economy in an environment of...
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Bond Traders Still Come Out as Winners After Four Fed Rate Hikes
Jun 19th, 7:48am
Bloomberg Bond Traders Still Come Out as Winners After Four Fed Rate Hikes Bloomberg It's been 18 months since the Federal...
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Conventional Drives Mortgage Business Higher
Jun 16th, 4:15pm
A week-over-week surge in conventional activity was the primary driver of a rise in new mortgage business, though cashout refinance and...
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MBS RECAP: Negative Housing Sets Positive Tone for Bonds
Jun 16th, 4:04pm
Posted To: MBS CommentaryToday was destined to be a sideways grind at slightly weaker levels for bond markets. This would have extended the theme...
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Weak inflation erodes conviction at Fed on rate hikes
Jun 16th, 3:57pm
DALLAS/WASHINGTON (Reuters) - When the Federal Reserve raised rates earlier this week, Fed Chair Janet Yellen expressed confidence that recent...
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Freddie Mac Announces Pricing of $198 Million Multifamily Small Balance Loan Securitization
Jun 16th, 3:57pm
Freddie Mac Announces Pricing of $198 Million Multifamily Small Balance Loan Securitization...Read More
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Mortgage Rates Holding Most of Their Recent Gains
Jun 16th, 3:37pm
Posted To: Mortgage Rate WatchMortgage rates were flat today, after weaker-than-expected construction data prompted a positive bounce for bond...
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Fed should be cautious on further rate hikes, Kaplan says
Jun 16th, 1:56pm
The Fed should be cautious about any further rate hikes, Dallas Fed President Robert Kaplan said, just two days after he voted to raise...
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Amazon deal is another element of bringing costs down: Insana
Jun 16th, 1:47pm
CNBC contributor Ron Insana; Luciano Siracusano,...
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Radian Relaxes LTV Ratios
Jun 16th, 1:42pm
Radian Guaranty Inc. has increased the allowable maximum loan-to-value ratio on some of its mortgage insurance products.The Philadelphia-based...
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From Reagan top to Trump bottom? A presidential chart of the 10-year yield
Jun 16th, 1:33pm
If a multi-presidential-term chart of the U.S. 10-year Treasury yield is any indication, a bottom for the 10-year Treasury note yield may be in...
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US Consumer-Sentiment Drop Shows Post-Election Bump Fading
Jun 16th, 1:24pm
US Consumer-Sentiment Drop Shows Post-Election Bump Fading Bloomberg The biggest drop in U.S. consumer sentiment since October represents a break...
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Negative-yielding government debt 'supernova' jumps to $9.5 trillion
Jun 16th, 12:58pm
A slew of factors converged in May to send the global total to $9.5 trillion of sovereign debt....Read More
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Credit Unions Gain Mortgage Market Share
Jun 16th, 12:03pm
As the quarterly volume of residential loan production sank, credit unions successfully captured a bigger piece of the U.S. mortgage...
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GSE Approves New eMortgage Technology Solution Provider
Jun 16th, 11:25am
NotaryCam, Inc., a provider of online notary and mortgage eClosing services, announced that the company’s eClose360 online notary platform...
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U.S. housing starts hit eight-month low; building permits weak
Jun 16th, 11:13am
WASHINGTON (Reuters) - U.S. homebuilding fell for a third straight month in May to the lowest level in eight months as construction activity...
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The Look And Feel Of Technology Matters
Jun 16th, 11:10am
Legacy technology is old and outdated, yet it permitted our industry. Technology has to have a great GUI these days to help our industry progress...
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The Fed: Fed's Kashkari says he didn't agree with Yellen that soft inflation is due to &am
Jun 16th, 10:32am
Minneapolis Fed President Neel Kashkari said Friday he voted against an interest rate hike this week because he didn't think soft inflation was...
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Completed Construction Up But New Activity Down
Jun 16th, 9:52am
The completion of new housing units strengthened last month. But new construction slowed, and multifamily dragged down permits.Permit issuing...
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BLS: Unemployment Rates Lower in 9 states in May, Four States at New Series Lows
Jun 16th, 9:47am
From the BLS: Regional and State Employment and Unemployment Summary Unemployment rates were lower in May in 9 states , higher in 3 states, and...
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Best bets in housing: Analyst
Jun 16th, 9:09am
Will Randow, Citi homebuilding analyst, shares...
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Drop in Housing Starts Could Intensify Inventory Issues
Jun 16th, 9:09am
Posted To: MND NewsWireBoth permits for construction of privately-owned housing units and beginning construction in May were well below...
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May housing starts down 5.5% vs. up 3.5% est.
Jun 16th, 8:18am
CNBC's Rick Santelli, sifts throught the latest...
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States Changing Lending and Foreclosure Laws; Housing Starts
Jun 16th, 8:17am
What are we going to be talking about this summer? One topic is the economy, and the thought that rising short-term rates are a signal that the...
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The Fed wants to go on 'auto-pilot': Look out for storm clouds ahead
Jun 16th, 8:13am
If Janet Yellen has her way, the Fed she chairs is about to go from the center of the universe to a mere afterthought....Read More
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The Man Who Ran the Bank Bailout Is the Fed's Toughest Internal Critic
Jun 16th, 8:12am
Bloomberg The Man Who Ran the Bank Bailout Is the Fed's Toughest Internal Critic Bloomberg "How can this group of really smart people who...
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Is the Fed ready to consider lifting its inflation target?
Jun 16th, 8:12am
WASHINGTON (Reuters) - Years of tepid economic recovery have Fed Chair Janet Yellen and other central bankers considering what was once...
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MBS Day Ahead: Bonds May Not Decide Much Today, And That Would be a Good Thing
Jun 16th, 8:09am
Bond markets may not give a stellar performance today, offering resounding confirmation of an ongoing rally. Conversely, they're not...
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Harvard Report Raises Housing Supply, Affordability Issues
Jun 16th, 7:54am
The Joint Center for Housing Studies (JCHS) at Harvard University has released its latest report on the State of the Nation's Housing. The report,...
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US Treasurys lower as investors continue to respond to the Fed's bond holding cuts
Jun 16th, 7:43am
U.S. government debt prices were lower on Friday morning as investors continued to digest the Federal Reserve's latest interest rate hike and...
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US housing starts total 1.092M in May vs 1.215M starts expected
Jun 16th, 7:42am
The number of new homes constructed in May was forecast to total 1.25 million, up marginally from the 1.23 million housing starts reported a month...
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Gartman: Take the Fed at its word
Jun 16th, 7:40am
Dennis Gartman of The Gartman Letter says the Fed...
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Increase in Mortgage Rates Likely to Be Reversed
Jun 15th, 4:52pm
Even though fixed interest rates on residential loans moved higher this past week, there is a good chance they will be lower in next week's...
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GSE Refis Sink to 3-Year Low, All-Time HARP Low
Jun 15th, 3:39pm
Government-supported refinance production plunged to the lowest level on record as overall refinances of government-sponsored enterprise loans...
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MBS RECAP: Post-Fed Weakness Brings Bonds Back to The Gap
Jun 15th, 3:26pm
To be fair to the Fed, they didn't really cause most of today's weakness. Bond markets already showed their hand with respect to...
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Fewer Banks Offer Mortgages as Non-Banks Grow
Jun 15th, 2:34pm
The number of financial institutions offering mortgages has fallen, while non-bank providers are up. The shift pushed up non-bank loan officer...
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Mortgage Rates Bounce, But Remain Near Recent Lows
Jun 15th, 2:05pm
Mortgage ratesrose moderatelytoday, as bond markets generally bounced back from the best levels in 8 months yesterday. Despite...
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Wells Fargo under fire for alleged mortgage changes
Jun 15th, 2:03pm
The New York Times' Gretchen Morgenson talks...
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MBA Survey Predicts Rebound in New Home Sales
Jun 15th, 1:58pm
Posted To: MND NewsWireThe Mortgage Bankers Association (MBA) is expecting May to provide an uptick in new home sales. Results of MBA's Builder...
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Fisher: Fed is going to move very slow and cautious
Jun 15th, 1:34pm
Richard Fisher, CNBC contributor and senior advisor...
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Sacramento Housing in May: Sales up 7%, Active Inventory down 14% YoY
Jun 15th, 1:34pm
During the recession, I started following the Sacramento market to look for changes in the mix of houses sold (equity, REOs, and short sales). For...
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The Controversy Over Inflation
Jun 15th, 1:34pm
This week, the Federal Reserve decided to raise interest rates, a move intended to slow the economy down. It makes some sense. The current spell...
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Genworth Relaxes Jumbo Credit Scores, LTVs
Jun 15th, 12:23pm
Relaxed jumbo requirements at Genworth Mortgage Insurance include higher loan-to-value ratios and lower credit scores. Some premiums were...
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Santelli Exchange: Bond funds on track for biggest inflow since 2009
Jun 15th, 11:45am
Informa TrimTabs' Charles Biderman &...
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The Fed's path toward 'normal'
Jun 15th, 11:45am
CNBC's Steve Liesman reports the fallout from...
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Tight Supply, Strong Demand Push Record-Setting Home Sales Pace . . . Again
Jun 15th, 11:22am
Posted To: MND NewsWireThe competition for housing is heating up along with the summer temperatures and continuing to set new records. The average...
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Why a 'bad year for bonds' has turned into a pretty good one
Jun 15th, 11:19am
Why Treasury bond yields didn't move in the direction the market would have expected after the Fed raised rates....Read More
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Art Cashin warns the Fed: 'Wake up,' the economy isn't as good as it looks
Jun 15th, 11:18am
"It's not that the economy is on life support but it's certainly not robust," UBS trader Art Cashin tells...
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Home Builder Confidence Dips
Jun 15th, 11:00am
A modest month-over-month decline in the confidence level of home builders was reported, though the sector is more optimistic than a year ago.An...
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NAHB Housing Market Index drops 2 points in June
Jun 15th, 9:31am
CNBC's Diana Olick reports the latest read on...
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Builder Confidence Declines on Labor/Lot Shortages
Jun 15th, 9:30am
Posted To: MND NewsWireBuilder confidence in the new home market appeared to take a tumble in June, per the latest survey conducted by the...
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Homebuilder confidence slips despite strong demand for new homes
Jun 15th, 9:08am
A monthly survey of builder sentiment fell two points in June to 67, and May's reading was revised down by one point....Read More
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May Housing Market Set New Records for Low Supply, Speed and Competition
Jun 15th, 9:01am
The median home sale price increased 6.8 percent in May to $288,000. Sales increased 7.5 percent compared to last year, a strong gain despite a...
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Industrial Production Unchanged in May
Jun 15th, 8:44am
From the Fed: Industrial production and Capacity Utilization Industrial production was unchanged in May following a large increase in April and...
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May industrial production comes in unchanged from previous month
Jun 15th, 8:41am
CNBC's Rick Santelli sifts throught the data...
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MBS Day Ahead: Big Discussion About Big-Picture Bond Market Trends
Jun 15th, 8:34am
Posted To: MBS CommentaryYesterday's rally was a potential game changer for the "great push back" of 2017 . That's not the...
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Bank M&A; EverBank & Wells Top the Headlines; Renovator Jobs On the Rise
Jun 15th, 8:34am
Posted To: Pipeline PressIn legal news, in Denver, the state's high court has ruled that HOAs can’t necessarily sue in construction defects...
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U.S. jobless claims fall; labor market slack diminishing
Jun 15th, 8:24am
WASHINGTON, June 15 (Reuters) - The number of Americans filing for unemployment benefits fell more than expected last week, pointing to shrinking...
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Bond Report: Treasury yields try to climb from 2017 lows
Jun 15th, 8:23am
U.S. Treasury yields rise slightly on Thursday. with the 10-year benchmark note coming off its lowest level in 2017 after the Federal Reserve...
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CoreLogic Launches Storm Damage Identification Service
Jun 15th, 7:25am
— Property-specific data identifies homes damaged by wind and hail — CoreLogic ® (NYSE: CLGX), a leading global...
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Rate hike signals Fed on the path to 'normal': Steve Liesman
Jun 15th, 7:25am
CNBC's Steve Liesman, provides insight to the...
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Fearless Fed turns up the heat
Jun 15th, 7:25am
The Fed looked concerns of lower and weaker...
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Robert Shiller: Despite the Fed rate hike, I like stocks, not Treasurys
Jun 15th, 7:24am
Nobel Prize-winning economist Robert Shiller isn't getting spooked by rising rates or fresh stock market records, at least not yet....Read More
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Wells Fargo is accused of making improper changes to mortgages
Jun 15th, 7:23am
The bank denies allegations in lawsuits that it changed the loan terms of customers in bankruptcy without their knowledge, putting them at risk of...
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Couple Claims Victory in 10-Year-Old Foreclosure
Jun 14th, 5:57pm
After nearly a decade of fighting a foreclosure, a couple in the Empire State is claiming victory after their mortgage servicer missed an...
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Fed Funds Rate Raised
Jun 14th, 5:08pm
An increase by the Federal Reserve Board in a key interest rate was mostly expected and signals that the economy is recovering.On Wednesday, the...
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MBS RECAP: Bonds Rally on Data's Truth. Fed's Spin Mostly Ignored
Jun 14th, 4:34pm
Posted To: MBS CommentaryIn a weird way, today's Fed announcement came out right at 8:30am when Core CPI dropped to 1.7%, falling well short...
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Integrations Enhance Mortgage Pricing Engines
Jun 14th, 4:30pm
Recent enhancements to product eligibility and pricing engines include integrations with mortgage insurance companies and customer relationship...
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Record close Dow after Fed raises rates
Jun 14th, 4:23pm
CNBC's Mike Santoli talk to Jim Bianco,...
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Yellen: I don't think regulations have impeded credit growth
Jun 14th, 4:23pm
After the Federal Open Market Committee meeting,...
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Robert Shiller on the market
Jun 14th, 4:23pm
Robert Shiller, Yale professor of economics,...
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Markets doubt future rate hikes, disagree with Fed's glass half full view of economy
Jun 14th, 4:22pm
Doubting the Fed's ability to hike rates as forecast, the bond market is wrestling with the Fed over whether the economy reflects a glass half...
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Rates Drop to 8-Month Lows
Jun 14th, 4:10pm
Posted To: Mortgage Rate WatchMortgage rates fell convincingly today, though not all lenders adjusted rates sheets in proportion to the gains seen...
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Here's the Fed's new plan for shrinking its balance sheet
Jun 14th, 2:02pm
The Federal Reserve released a new plan on Wednesday on how it will how it will gradually shrink its $4.5 trillion balance sheet....Read More
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2-year Treasury note on pace for sharpest daily yield drop since Brexit
Jun 14th, 12:45pm
The 2-year Treasury yield tumbled 7.7 basis points to 1.290%, putting it on track for the largest one-day fall in yields since June 24, 2016, the...
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New Wholesaler Offers Conventional, Gov and Non-QM
Jun 14th, 12:45pm
A newly launched wholesale lending program will provide third-party originators with access to conventional products, government loans and reverse...
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Treasury Issues First Recommendations for Regulatory Reform
Jun 14th, 10:46am
The Treasury Department has released the first in what it describes as a series of reports to the President looking at the country's financial...
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US retail sales drop 0.3% in May vs 0.1% increase expected
Jun 14th, 10:23am
U.S. retail sales recorded their biggest drop in...
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Key Measures Show Inflation mostly below 2% in May
Jun 14th, 10:20am
The Cleveland Fed released the median CPI and the trimmed-mean CPI this morning: According to the Federal Reserve Bank of Cleveland, the median...
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CPI Slipped in May
Jun 14th, 10:00am
The Consumer Price Index (CPI), reported by the Bureau of Labor Statistics (BLS), slipped in May due to a decline in energy prices. The CPI...
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US businesses trim their stockpiles in April
Jun 14th, 9:06am
Economists were expecting business inventories to fall 0.2 percent for the month of April....Read More
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The Fed: Even after weak data, Fed still seen hiking rates — but not in September
Jun 14th, 8:39am
Weak reports on inflation and retail sales won't deter the Federal Reserve from hiking short-term interest rates later Wednesday....Read More
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Calyx Launches New Portfolio Underwriting Capability
Jun 14th, 8:35am
Calyx Software has launched Portfolio Underwriter, an automated underwriting system (AUS) from LoanScorecard. This service is now available to...
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Open Mortgage Launches A Wholesale Program
Jun 14th, 8:28am
Open Mortgage LLC, a provider of traditional and reverse mortgages throughout the United States, announced their expanded Wholesale Program for...
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U.S. retail sales post biggest drop in 16 months
Jun 14th, 8:04am
WASHINGTON, June 14 (Reuters) - U.S. retail sales recorded their biggest drop in more than a year in May amid declining purchases of motor...
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US consumer prices dip 0.1% in May
Jun 14th, 8:04am
The U.S. Consumer Price Index was forecast to rise 0.2 percent in May, after inching up 0.1 percent a month earlier....Read More
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Mortgage apps up 2.8% on back of refi
Jun 14th, 7:59am
CNBC's Diana Olick reports low interest rates...
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FHA,VA Updates; Tech and Processing; Morgan's Home Loan App Tool
Jun 14th, 7:59am
Depository banks are in the business to lend, and are now concerned about commercial lending. What do Cleveland, Memphis, and Chicagohave in...
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MBS Day Ahead: All About The Fed's Rate Hike Expectations
Jun 14th, 7:32am
Posted To: MBS CommentaryIf you follow bond market movement for long enough, one thing becomes clear above all others: the Fed is the most...
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Refinance Re-awakes, Loan Size Highest in 9 Months
Jun 14th, 7:28am
Posted To: MND NewsWireAnother week of declining interest rates boosted refinance activity and sent overall mortgage activity higher during the...
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Refinances Reawaken, Loan Size Highest in 9 Months
Jun 14th, 7:28am
Another week of declining interest rates boosted refinance activity and sent overall mortgage activity higher during the week ended July 9....
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Yellen's Fed day dilemmas
Jun 14th, 7:26am
CNBC's Steve Liesman, provides a preview of the...
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Bond Market Volatility Drops to Taper-Tantrum Lows as Fed Meets
Jun 14th, 7:24am
Bloomberg Bond Market Volatility Drops to Taper-Tantrum Lows as Fed Meets Bloomberg Volatility in parts of the bond market is getting so low that...
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MBA: Mortgage Applications Increase in Latest Weekly Survey
Jun 14th, 7:23am
From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 2.8 percent from one week earlier,...
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Variety of Upcoming Mortgage Events
Jun 13th, 5:54pm
Among dozens of upcoming mortgage-related conferences and workshops are events that will cover compliance, politics and technology. One event...
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Supreme Court Opinion Could Impact RESPA
Jun 13th, 4:26pm
An opinion issued by the nation's highest court in a case involving a defaulted car loan could impact the interpretation of the Real Estate...
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MBS RECAP: Bonds Sending Clear Message Ahead of Fed
Jun 13th, 3:55pm
Posted To: MBS CommentaryThe past 3 trading sessions have largely represented a consolidation in prices and yields, just off the best levels of...
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Here's what the market thinks the Fed has got wrong
Jun 13th, 2:51pm
The market's dispute with the Fed about the pace of interest rate hikes boils down to disagreement over inflation outlook....Read More
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Does Anyone Remember How to Make a Subprime Mortgage?
Jun 13th, 2:50pm
Brokers willing to learn the lost art of making risky mortgages are in demand again. Now, small and midsize independent lenders want the brokers...
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Recent Mortgage Rate Stability Could Change Tomorrow
Jun 13th, 2:20pm
Mortgage ratesmoved modestlyhighertoday, for most lenders. This had more to do with yesterday's market movement than...
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Early-Stage Delinquencies Lowest in More Than 17 Years
Jun 13th, 2:00pm
Posted To: MND NewsWireCoreLogic reports that mortgage delinquencies in March were at a 10 year low. The company's Loan Performance Insights...
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Fannie Addresses Credit Report Changes
Jun 13th, 1:49pm
Changes next month by the credit reporting agencies aren't expected to have a significant impact on Fannie Mae's policies or requirements.In July,...
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Integration Makes Lender And Borrower Collaboration More Effortless
Jun 13th, 12:30pm
As mortgage lenders increasingly invest in modernizing their technology experience, Maxwell, a provider of digital mortgage automation software...
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Optimal Blue Partners With New POS To Transform The Mortgage Process
Jun 13th, 12:24pm
Optimal Blue has partnered with Capsilon Corporation to provide a unique digital mortgage experience with highly accurate, real-time product...
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$3 Billion in Reperforming GSE Mortgages Sold
Jun 13th, 12:20pm
A $3 billion portfolio of government-sponsored enterprise single-family loans that are reperforming has been successfully sold through an...
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Yellen may be ‘forceful' in press conference when defending Fed&#
Jun 13th, 11:46am
Fed chief Janet Yellen will use her press conference to push back on the market's skepticism about the economy, and the central bank's plans to...
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Trump reportedly told Yellen he considers her a 'low-interest-rate' person like himself
Jun 13th, 11:46am
President Trump met with Fed Chair Janet Yellen and National Economic Council Director Gary Cohn, according to the Wall Street Journal, citing...
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Bill Gross says all financial markets are 'increasingly at risk'
Jun 13th, 11:28am
Bond investor Bill Gross warned that monetary policy has exacerbated a disconnect in the economy....Read More
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10-Year Low for Serious Mortgage Delinquency
Jun 13th, 10:23am
It's been nearly a decade since the rate of serious mortgage delinquency has been this low. Early stage delinquency, meanwhile, sank to a 17-year...
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Markets want the Fed to answer a $4.5 trillion question
Jun 13th, 9:36am
As the Fed starts its two-day meeting Tuesday,...
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HUD Secretary Ben Carson says praise of Trump at Cabinet meeting was 'totally spontaneous'
Jun 13th, 9:19am
Administration officials were not instructed to shower Trump with compliments at the Cabinet meeting, Ben Carson says....Read More
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Treasury yields tick up as Wall Street braces for updated Fed monetary policy
Jun 13th, 9:19am
U.S. Treasury yields edges slightly higher Tuesday as the Federal Reserve is set to commence its two-day policy convention concluding with an...
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HUD's Ben Carson on the state of housing and health care
Jun 13th, 8:56am
Ben Carson, HUD secretary, provides insight to the...
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US Treasury unveils financial reforms, critics attack
Jun 13th, 8:56am
The Treasury unveiled a sweeping plan to upend the...
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Upcoming Training and Events; Capital Markets Exec on Closing Loans in This Market
Jun 13th, 8:02am
How do you like these two headlines today, good news/bad news for lenders? “Fed set to shrink huge bond portfolio, pushing up interest...
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US Economic Confidence Index Steady at +4
Jun 13th, 7:57am
Americans' confidence in the U.S. economy remained slightly positive last week, with Gallup's U.S. Economic Confidence Index at +4 for the week...
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Ben Carson: Home-ownership remains the principal way to build wealth
Jun 13th, 7:56am
Ben Carson, HUD secretary, shares insight to the...
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US Producer Price Index was unchanged in May, as expected
Jun 13th, 7:56am
Inflation at the wholesale level stayed unchanged in May as food and energy prices slipped....Read More
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MBS Day Ahead: Last Day of Moderate Data/Events Before Things Get Serious
Jun 13th, 7:47am
While we do have some economic data to get through today (Producer Prices, which are already out stronger than expected, and the afternoon's...
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Fed 'ideally' wants to get to 3% fed funds rate: Expert
Jun 13th, 7:26am
Peter Boockvar, The Lindsey Group, and Michelle...
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Barriers for Millennial Home Buyers
Jun 13th, 7:25am
This commentary takes a look at how the millennials will impact real estate....Read More
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The 15 hottest housing markets in the U.S.
Jun 13th, 7:24am
If you're looking to buy in one of these markets, competition could be fierce....Read More
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Fed to Leave $1 Trillion Question Unanswered in Big Bond Unwind
Jun 13th, 7:24am
Fed to Leave $1 Trillion Question Unanswered in Big Bond Unwind Bloomberg Janet Yellen's Federal Reserve is getting ready to set off on a...
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CoreLogic Reports Mortgage Delinquencies Dropped to a 10-Year Low in March 2017
Jun 13th, 7:23am
Delinquent Mortgages, Early-Stage Delinquencies and Foreclosure Rates All Experienced Year-Over-Year Declines Positive Trends Expected to Continue...
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Mobile Mortgage Lending Advances
Jun 12th, 6:42pm
Mobile mortgage applications have recently been developed for credit unions and foreign national borrowers as well as real estate agents and home...
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Mortgage Bankers Lift Q3 Refi Forecast
Jun 12th, 6:13pm
Mortgage bankers have grown slightly more optimistic about their expectations for refinance originations during the third quarter of this...
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MBS RECAP: Auction Results = Offsetting Penalties For Bonds
Jun 12th, 4:16pm
Today's bond trading was largely a story of the 3yr Treasury auction vs the 10yr Treasury auction. Both of these are used to...
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Mortgage Rates Steady-to-Higher as Busy Week Begins
Jun 12th, 3:46pm
Mortgage rateswere either flat or slightly higher, depending on the lender today. Movement in underlying bond markets suggested a...
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US budget deficit jumps in May as spending outpaces revenue
Jun 12th, 3:40pm
The deficit rose to $88.4 billion in May from $53 billion a year earlier, as government spending rose at a faster pace than revenue....Read More
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US Investors Taking Basic Steps to Build, Protect Finances
Jun 12th, 3:40pm
Majorities of U.S. investors are taking each of eight actions that can contribute to financial health, but they are far more likely to be doing...
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Secret Service reportedly has no Trump tapes
Jun 12th, 3:39pm
If President Donald Trump recorded his White House conversations, the Secret Service does not have the tapes....Read More
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FDIC Consumer News Issues Warning About 10 Scams Targeting Bank Customers
Jun 12th, 3:39pm
Press Release FDIC Consumer News Issues Warning About 10 Scams Targeting Bank Customers FOR IMMEDIATE RELEASE June 12, 2017 Media contact: Greg...
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Expected Inflation Falls Close to Record Low, Fed Survey Shows
Jun 12th, 12:52pm
Bloomberg Expected Inflation Falls Close to Record Low, Fed Survey Shows Bloomberg U.S. consumer inflation expectations declined last month to...
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Mortgage Recruiters Hire Entire Retail Teams
Jun 12th, 11:38am
While some mortgage banking firms are handling new hires one at a time, others are recruiting entire teams of retail loan originators.An entire...
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Global Economy Shows Improvement for 2017
Jun 12th, 11:32am
NEW YORK, June 12, 2017 /PRNewswire/ -- The current cyclical upswing and recovery in productivity will raise global growth to 2.9 percent in 2017,...
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3-Year Treasury note auction yield: 1.5%
Jun 12th, 11:12am
CNBC's Rick Santelli reports the results of the...
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White House cannot wave a magic wand and make regulations go away: Expert
Jun 12th, 10:48am
Terry Haines, Evercore ISI head of political...
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Treasury to release report urging a revamp of regulations
Jun 12th, 10:48am
CNBC's Kayla Tausche reports the latest from...
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Ginnie Mae MBS Issuance Inches Up
Jun 12th, 10:46am
Despite a year-over-year retreat in securitizations on behalf of the Government National Mortgage Association, there was a month-over-month...
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Consumer Credit Expands, But At A Slower Pace
Jun 12th, 10:08am
According to the Federal Reserve Board's G.19 Consumer Credit report, the total amount of consumer credit outstanding rose by 2.6 percent (SAAR)...
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UI: Appraisal Process Disadvantages Mortgage Borrowers
Jun 12th, 9:48am
Posted To: MND NewsWireDoes an outdated and sluggish appraisal system give an outsized advantage to cash buyers ? A recent panel discussion...
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Fed Getting New Rules of the Road Ready for Balance Sheet Unwind
Jun 12th, 9:23am
Fed Getting New Rules of the Road Ready for Balance Sheet Unwind Bloomberg Federal Reserve officials surprised some onlookers by unveiling a rough...
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Fannie Mae Prices $985.3 Million Multifamily DUS REMIC ...
Jun 12th, 8:35am
News Release. Share This: June 12, 2017. Fannie Mae Prices $985.3 Million Multifamily DUS REMIC (FNA 2017-M7) Under Its GeMS Program. ......Read More
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The 12 best states for first-time home buyers
Jun 12th, 8:35am
If you're looking to buy real estate for the first time, consider settling down in one of these areas....Read More
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Week ahead on Wall Street
Jun 12th, 8:33am
It’s a big week for the U.S. economy with housing...
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Tech Survey; Vendor Updates - Partnerships Abound; Ellie and HMDA Readiness
Jun 12th, 8:15am
Posted To: Pipeline PressThere is news out that Brian Brooks, general counsel for Fannie Mae, will be nominated as deputy secretary of the U.S....
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MBS Week Ahead: Densely-Packed Week Promises to Impact Bond Markets
Jun 12th, 8:10am
Posted To: MBS CommentaryIt would be miraculous to see bond markets escape this week without experiencing some sort of reaction to the plethora of...
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In Detroit, Anyone Can Be a Real Estate Developer
Jun 12th, 7:31am
Bloomberg In Detroit, Anyone Can Be a Real Estate Developer Bloomberg Is flipping homes and collecting rent the key to helping more Detroiters...
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Words You'll Hear: Dodd-Frank
Jun 12th, 7:30am
This week NPR's Lakshmi Singh speaks with Raj Date, former Deputy Director of the U.S. Consumer Financial Protection Bureau about the House bill...
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ECB to extend QE into 2019, says SocGen
Jun 12th, 7:27am
The European Central Bank could be expected to continue its quantitative easing (QE) program into 2019 despite announcing at its most recent...
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Texan Behind Financial Choice Act
Jun 11th, 6:18pm
A Texas Republican is behind legislation that would dismantle much of the Dodd-FrankWall Street Reform and Consumer Protection Act put in...
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MBS RECAP: Did Someone Say "Absence of Volatility?"
Jun 9th, 4:20pm
Posted To: MBS CommentaryYesterday's recap was titled "Surprising (or Not?) Absence of Volatility." Fool me once, shame on me. Fool...
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QuestSoft And OpenClose To Hold Webinar On The New CFPB HMDA Rules
Jun 9th, 3:38pm
OpenClose, a multi-channel loan origination system (LOS) provider, and QuestSoft, a provider of automated mortgage compliance software, announced...
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Open Mortgage Forms Strategic Partnership With ACEI
Jun 9th, 3:30pm
Open Mortgage, LLC, a provider of traditional and reverse mortgages throughout the United States, announced their exclusive partnership with the...
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Mortgage Rates Continue Modestly Higher
Jun 9th, 3:13pm
Posted To: Mortgage Rate WatchMortgage rates moved higher for the second straight day amid a general lack of actionable information. Some...
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The Fed: Fed should consider raising 2% inflation target, prominent economists say
Jun 9th, 2:54pm
The Federal Reserve should consider raising its 2% inflation target, a group of prominent economists said....Read More
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The GOP still champions Trump, but that might not last
Jun 9th, 2:45pm
Rank-and-file Republicans still support their party's leader, but that may not last....Read More
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Merrill FOMC Preview
Jun 9th, 2:43pm
The FOMC is expected to raise rate at their meeting next week. Here are a few brief excerpts from a Merrill Lynch preview: The June FOMC meeting...
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Credit Access Mixed by Loan Type
Jun 9th, 2:26pm
Posted To: MND NewsWireAccess to mortgage, as measured by the Mortgage Credit Availability Index (MCAI), decreased in May. The Mortgage Bankers...
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Nearly $600 Mil in Non-Performing GSE Loans Sold
Jun 9th, 1:46pm
A winning bidder has been announced for nearly $600 million in non-performing government-sponsored enterprise residential loans.The transaction...
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US cities are moving toward renting vs. buying
Jun 9th, 1:36pm
CNBC's Diana Olick takes a look at where in the...
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Top economists rip Fed, call for letting inflation run higher than normal
Jun 9th, 1:32pm
The Fed Up economists advocate an even slower path than the one on which the committee currently finds itself....Read More
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The House Takes Another Step Toward Repealing Dodd-Frank
Jun 9th, 1:20pm
<p>In the background of the hubbub surrounding the testimony of the former FBI Director James Comey, House Republicans <a...
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Gov Leads Weekly Mortgage Business Higher
Jun 9th, 11:39am
With government activity leading the way, weekly new mortgage business leapt higher from the holiday week. Rates on jumbo mortgages became less...
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NAR Paper Identifies Homeownership Hurdles
Jun 9th, 11:37am
Posted To: MND NewsWireFive barriers to homeownership are identified in a new study released on Friday by the National Association of...
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Mortgage Equity Withdrawal slightly negative in Q1
Jun 9th, 11:32am
Note: This is not Mortgage Equity Withdrawal (MEW) data from the Fed. The last MEW data from Fed economist Dr. Kennedy was for Q4 2008. The...
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Mortgage Executives Land Jobs Across Country
Jun 9th, 10:51am
Recent executive appointments in home lending include positions located from the West Coast to the Mountain Region to the East Coast.The new...
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Flows Show That Bond Bears Just Capitulated, Says Bank of America
Jun 9th, 10:33am
Bloomberg Flows Show That Bond Bears Just Capitulated, Says Bank of America Bloomberg Investors betting on rising bond yields just threw in the...
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Wholesale inventories slide 0.5% in April, falling short of estimates
Jun 9th, 9:11am
The Commerce Department reported April's wholesale inventories on Friday....Read More
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Home Equity Gains Continue to Mount
Jun 9th, 9:00am
Posted To: MND NewsWireHomeowner equity increased by another 11.2 percent over the four quarters that ended with the first quarter of 2016....
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Lender Fee Changes; eNote News; MBA Performance Report
Jun 9th, 8:38am
The House of Representatives voted to roll back some of the main regulations contained in the 2010 Dodd-Frank law. It was an almost perfect...
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MBS Day Ahead: Bigger Picture Bounce Risk Remains After High-Risk Events
Jun 9th, 8:02am
Posted To: MBS CommentaryAll of our high-risk events for this week have come and gone, and bond markets aren't able to justify the stronger...
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Does the UK vote weaken Britain's hand in Brexit talks with the EU?
Jun 9th, 8:01am
Simon Derrick of BNY Mellon says the EU was always...
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Dodd-Frank Overhaul Passes House
Jun 9th, 7:38am
While the attention of much of the country was focused elsewhere on Thursday, the House of Representatives passed the H.R. 10, the Financial...
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US Treasurys mixed as bond investors digest UK election news
Jun 9th, 7:22am
U.S. government debt prices were pointing in different directions on Friday, as investors processed the 2017 U.K. election result....Read More
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Picking apart Dodd-Frank
Jun 9th, 7:22am
Christopher Whalen, Whalen Global Advisors,...
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Homeowners Are Worth How Much More!?
Jun 9th, 7:20am
Census data shows that owning a home does lead to more wealth....Read More
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House Republicans take a knife to post-crisis Wall Street regulations
Jun 9th, 7:20am
Republicans in the U.S. House of Representatives voted on Thursday to replace the 2010 Dodd-Frank Wall Street reform law....Read More
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Sale of Reverse Mortgages With Deceased Borrowers
Jun 8th, 6:09pm
The Department of Housing and Urban Development is selling reverse mortgages where the original borrowers in the transactions have died.HUD is...
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House Passes Legislation to Replace Dodd-Frank
Jun 8th, 5:30pm
House Republicans have come together to pass legislation that would overhaul and replace the Dodd-FrankWall Street Reform and Consumer...
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Rates Fall After Weak Employment Report, Might Hold
Jun 8th, 5:20pm
A disappointing jobs report pulled down interest rates on home loans this past week. Over the upcoming week, rates are unlikely to move much.The...
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MBS RECAP: Surprising (or Not?) Absence of Volatility
Jun 8th, 3:55pm
Posted To: MBS CommentaryPerhaps it had to do with yesterday's 1st round of Senate testimony or Comey's prepared remarks giving bond...
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New Executive Lineup At Home Point
Jun 8th, 3:25pm
After swallowing up a recent acquisition, Home Point Financial Corp. has announced its new management lineup, including some of the acquired...
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Data Shows That Home Flipping Is On The Rise
Jun 8th, 3:22pm
ATTOM Data Solutions released its Q1 2017 U.S. Home Flipping Report, which shows that 43,615 single family homes and condos were flipped — sold...
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QuestSoft Urges CFPB To Delay Implementation Of HMDA Specific Data Points
Jun 8th, 3:15pm
In a letter written to the Consumer Financial Protection Bureau (CFPB) addressing proposed changes by the CFPB to its HMDA regulations, QuestSoft...
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Europe markets are all eyes on UK election
Jun 8th, 2:57pm
Danielle DiMartino Booth, Money Strong president...
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White House reiterates that Trump is committed to fair US elections free from any interference
Jun 8th, 2:24pm
According to the White House, Trump is committed to ensuring that U.S. elections are protected from interference....Read More
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Mortgage Rates Rise Modestly From 2017 Lows
Jun 8th, 2:09pm
Mortgage ratesrose modestly todayafter spending 2 days at the best levels in nearly 8 months. Financial markets were tuned in to...
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Comey: Russia election interference about as 'un-fake' as it can get
Jun 8th, 11:18am
In a hearing in front of the Senate Select...
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Comey on his talks with Trump: Lordy, I hope there are tapes
Jun 8th, 11:18am
Former FBI Director James Comey told senators on...
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Comey says Trump never asked him about 'tens of thousands' of FBI investigations besides F
Jun 8th, 11:14am
Comey said Trump never raised the idea of interfering in any other probe other than the one involving ousted national security adviser Michael...
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Comey: Russia interfered with 2016 election, and 'they did it with purpose'
Jun 8th, 11:13am
Former FBI Director James Comey told a Senate panel Thursday that he has no doubt that Russia interfered with the 2016 election that swept...
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ECB Drops Guidance About Further Rate Cuts - Bloomberg
Jun 8th, 9:57am
Bloomberg ECB Drops Guidance About Further Rate Cuts Bloomberg The European Central Bank dropped its guidance that interest rates may fall further...
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Treasury yields rise modestly as Comey delivers Senate testimony
Jun 8th, 9:56am
Traders will look ahead to a former Federal Bureau of Investigation director's testimony in front of a senate panel, a European Central Bank...
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Real Estate Companies Ditch the Paperwork, Get on the Cloud
Jun 8th, 9:17am
Bloomberg Real Estate Companies Ditch the Paperwork, Get on the Cloud Bloomberg Seattle real estate agent Bree Al-Rashid used to spend several...
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30-Year Fixed Mortgage Rate Continues to Fall
Jun 8th, 9:14am
30-Year Fixed Mortgage Rate Continues to Fall...Read More
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Jobless claims fall; labor market slack shrinking
Jun 8th, 8:40am
WASHINGTON, June 8 (Reuters) - - The number of Americans filing for unemployment benefits fell last week, unwinding half of the prior period's...
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A 20 percent down payment out of reach? How to get around that
Jun 8th, 8:39am
If you're going to offer less than the standard down payment on a home purchase, it pays to figure out the best financing deal....Read More
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Forestar says D.R. Horton's offer could be superior to Starwood bid
Jun 8th, 8:39am
(Reuters) - Forestar Group Inc said on Thursday U.S. homebuilder D.R. Horton Inc's offer to buy a majority of the real estate developer could be...
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Markets don't care about Comey drama: Expert
Jun 8th, 8:37am
Jonathan Golub, RBC Capital Markets, and Darrell...
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Financial Choice Act an 'ideological' swing at Dodd-Frank: Aaron Klein
Jun 8th, 8:37am
Aaron Klein, Brookings Institution, and Michael...
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Fixed income has declared tax reform officially dead: BoAML
Jun 8th, 8:37am
My view is I'm still hopeful there will be tax...
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Draghi drops reference to 'downside risks'
Jun 8th, 8:37am
CNBC's Steve Liesman provides the latest...
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Home Flips Decrease but Mortgage Use Rises
Jun 8th, 8:36am
Posted To: MND NewsWireHome flipping, the practice of buying and then reselling the same property within a 12-month period, fell to the lowest...
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Fannie Mae Declares it a Sellers' Market
Jun 8th, 8:34am
Posted To: MND NewsWireThe Fannie Mae Home Purchase Sentiment Index (HPSI) decreased fractionally in May, however the change in each of its...
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"Good Time to Sell" Hits Highest Levels in Fannie Survey
Jun 8th, 8:34am
Posted To: MND NewsWireThe Fannie Mae Home Purchase Sentiment Index (HPSI) decreased fractionally in May, however the change in each of its...
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HMDA Training; Survey on Digital Mortgage Benefits; Origination and Millennials
Jun 8th, 8:26am
Posted To: Pipeline PressNo one has a crystal ball, but CNBC makes the point that, as a nation, home prices won't fully recover until 2025 , and...
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MBS Day Ahead: After a Nice Run, Bond Rally Considers Its Mortality
Jun 8th, 8:02am
Posted To: MBS CommentaryA few days ago, I laid out a bullish long-term case for bond markets. I could probably do something similar for a bearish...
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CoreLogic Reports Nearly 9 Million Borrowers Have Regained Equity Since the Height of the Crisis in
Jun 8th, 7:14am
Nearly 91,000 Homeowners Regained Equity in Q1 2017 3.1 Million Residential Properties with a Mortgage Still in Negative Equity Average Homeowner...
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House poised to pass bill taking aim at Dodd-Frank regulations
Jun 8th, 7:14am
Republicans have vowed to dismantle the regulatory legislation, enacted in the wake of the financial crisis, but their bill faces long odds of...
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European Central Bank leaves benchmark interest rate unchanged, as expected
Jun 8th, 7:11am
The European Central Bank (ECB) left its benchmark interest rate unchanged on Thursday....Read More
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Whistleblower Lawsuit Against Wells Revived
Jun 7th, 5:46pm
A recent Supreme Court decision and Justice Department friend of the court brief has breathed new life into a whistleblower case against Wells...
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N.Y. Judge Arrested for Mortgage Fraud
Jun 7th, 5:03pm
A small-town judge in the Empire State has been arrested for allegedly lying to a home lender to obtain a mortgage.Lurlyn Winchester is a justice...
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MBS RECAP: Today's Weakness Keeps Risks Alive
Jun 7th, 3:57pm
Bond markets were only modestly weaker in the overnight session (unlike yesterday where a majority of the day's weakness was seen overnight),...
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Fannie Mae index shows decline in homebuyer sentiment
Jun 7th, 3:34pm
The Fannie Mae Home Purchase Sentiment Index in May decreased 0.5 percentage points as the net share of Americans reporting that now is a good...
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Ryan won't commit to Treasury timetable for debt-ceiling increase
Jun 7th, 3:29pm
House Speaker Paul Ryan said Wednesday that he won't commit to holding a vote to increase the government's borrowing authority...
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Rates Hold 2017 Lows Despite Market Weakness
Jun 7th, 3:01pm
Mortgage ratesmanaged to holdin line with 2017's lowest levels for a 2nd day, even though underlying bond markets suggested a move...
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Fay Servicing Settles Charges of Foreclosure Abuse
Jun 7th, 2:36pm
Allegations that Fay Servicing LLC illegally moved forward with foreclosures on distressed borrowers who were actively seeking help have been...
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Economic Report: Consumer credit slows sharply in April
Jun 7th, 2:07pm
Consumer credit expanded at a seasonally adjusted annual rate of 2.6%, or $8.2 billion, in April, the Federal Reserve reported Wednesday....Read More
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Embrace Home Loans Hosts Embracing Our Veterans Event
Jun 7th, 1:56pm
Embrace Home Loans is sponsoring the Delaware Aviation Museum Foundation’s B-25 World War II medium bomber plane appearance at the Aircraft...
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BankingBridge Partners With Optimal Blue To Enhance Lender Marketing Tools
Jun 7th, 1:51pm
Optimal Blue has partnered with BankingBridge to enhance the co-branded marketing media that the web-based vendor provides to loan officers and...
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Borrowers jump at lowest rates since election
Jun 7th, 1:18pm
CNBC's Diana Olick reports that mortgage rates...
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Comey will testify Trump told him 'I hope you can let this go' on Flynn investigation
Jun 7th, 1:16pm
James Comey will testify that President Donald Trump asked him to back off the probe into Michael Flynn....Read More
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JPMorgan Will Fund Luxury-Condo Tower at NYC's 1 Wall Street
Jun 7th, 1:15pm
Bloomberg JPMorgan Will Fund Luxury-Condo Tower at NYC's 1 Wall Street Bloomberg JPMorgan Chase & Co. has agreed to provide Harry...
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Stearns Lending Makes Acquisition
Jun 7th, 12:38pm
Just months after unloading its own correspondent lending platform, Stearns Lending LLC has made an acquisition that includes a correspondent...
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While you weren't looking, the next fight over the debt ceiling got started
Jun 7th, 12:06pm
The Treasury Secretary wants a "clean" bill by August. House Republicans aren't saying much of substance in response....Read More
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Market will keep close eye on Comey testimony: Art Cashin
Jun 7th, 11:23am
Art Cashin, of UBS, says Wall Street will be...
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Zillow Forecast: "Zillow's April Case-Shiller forecast expects growth of 5.6 percent in th
Jun 7th, 9:51am
The Case-Shiller house price indexes for March were released last week. Zillow forecasts Case-Shiller a month early, and I like to check...
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Global growth forecast at 3.5% in 2017: Economist
Jun 7th, 9:17am
It's a little more optimistic than a year ago...
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US Job Creation Index Returns to Record High
Jun 7th, 9:01am
Gallup's Job Creation Index was +37 in May, tying the record high found in March....Read More
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Market Exec's View on Rates and Locks; Fannie and Freddie Changes; Book for Brokers
Jun 7th, 8:59am
Summer is here, school is out for many, and it’s time for vacation, right? Here’s a little trivia for your co-workers. What is number...
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The Fed: Kocherlakota says Fed shouldn't hike rates in June — and it should grow, not
Jun 7th, 8:50am
Former Minneapolis Fed President Narayana Kocherlakota said in an interview with MarketWatch that the Fed should hold off raising interest rates...
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Production Volume Drives Mortgage Profits Down
Jun 7th, 8:24am
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a second straight quarter of falling profits during the three...
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MBS Day Ahead: Tomorrow Remains in Focus Even if Things Get Crazy Today
Jun 7th, 8:19am
One never knows what to expect on the relatively data-free day ahead of a minefield of potential market movers 24 hours later. To be...
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HSBC's Bond Bull Major Moves Closer to Peers by Just a `Tweak'
Jun 7th, 7:40am
Bloomberg HSBC's Bond Bull Major Moves Closer to Peers by Just a `Tweak' Bloomberg Steven Major, the HSBC Holdings Plc head of...
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Holiday Week Mutes Application Activity Despite Falling Rates
Jun 7th, 7:34am
Mortgage application volume rose during the week ended June 2, increasing by 7.1 percent on a seasonally adjusted basis. The Mortgage...
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US Treasurys edge lower as bond investors pause ahead of UK election, ECB meeting
Jun 7th, 7:25am
U.S. government debt prices were slightly off on Wednesday, as investors await for key data ahead of an important election in the U.K. and an ECB...
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MBS RECAP: Bond Markets "Leading Off" at Year's Best Levels
Jun 6th, 6:05pm
Posted To: MBS CommentaryAfter yesterday's modest bond market weakness, we may well have assumed that traders were in their preferred...
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AMC Acquisitions, Partnerships and Expansions
Jun 6th, 5:30pm
In the valuation industry, an appraisal management company has been acquired, while several AMCs have partnered to create a bigger firm. Other...
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Parkside Lending Expands In New York
Jun 6th, 4:08pm
Parkside Lending, LLC, a national wholesale and correspondent lender, announces the expansion into New York with the addition of Rich Bloom as...
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Fulton Financial Embraces New Home Equity Lending Report System
Jun 6th, 4:02pm
Fulton Financial Corp. has migrated to the new, FirstClose Report system to provide Fulton Financial access to the full refinance and home equity...
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Mortgage Rates Unexpectedly Fall to 2017 Lows (Again)
Jun 6th, 3:20pm
Posted To: Mortgage Rate WatchMortgage rates unexpectedly fell to new 7-month lows today, following bond market gains in the overnight hours...
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Home prices still face supply, affordability issues
Jun 6th, 3:18pm
CNBC's Diana Olick reports on April's house...
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The Dollar's 'Stupidly Strong' Link With Bonds Means Deeper Losses
Jun 6th, 3:16pm
Bloomberg The Dollar's 'Stupidly Strong' Link With Bonds Means Deeper Losses Bloomberg The dollar and Treasury yields are...
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The bond market is giving the stock market a stern warning
Jun 6th, 12:57pm
The yield curve has predicted the past five recessions when it has inverted, says Ivan Martchev....Read More
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Is the bond market showing warning signs?
Jun 6th, 12:56pm
The “Fast Money Halftime Report” traders talk...
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Buying bonds ahead of FOMC: Trader
Jun 6th, 12:55pm
CNBC's Jackie DeAngelis and the Futures Now...
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Former OneWest CEO Tapped to Head OCC
Jun 6th, 12:46pm
The former chief executive officer of OneWest Bank FSB is being nominated to run the Office of the Comptroller of the Currency.On Monday, the...
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MSRs Drive Down Mortgage Servicer Income
Jun 6th, 12:37pm
Despite growth in the size of their portfolios, mortgage servicers saw deteriorating earnings thanks to lower gains on mortgage servicing...
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Mortgage Production Income Plunges
Jun 6th, 12:25pm
As independent mortgage bankers' quarterly lending slowed, income tumbled. Impacting earnings were personnel and direct-production...
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Santelli Exchange: Stabilizing exchange rates
Jun 6th, 11:00am
The Jack Kemp Foundation's Sean Rushton &...
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Freddie Mac Surpasses $200 Billion in Multifamily K-Deal and SB-Deal Securitizations
Jun 6th, 10:41am
Freddie Mac Surpasses $200 Billion in Multifamily K-Deal and SB-Deal Securitizations...Read More
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Construction Job Openings Jump in April
Jun 6th, 10:41am
The count of unfilled jobs in the construction sector climbed in April, rising to the highest level since September of last year. According to...
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Realtors® Survey: Led By China, Foreign Investment in U.S. Commercial Real Estate on the Ris
Jun 6th, 10:41am
WASHINGTON (June 6, 2017) — One-fifth of surveyed Realtors® practicing in commercial real estate closed a sale with an...
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April job openings: 6.044M vs. 5.785M (March)
Jun 6th, 9:37am
CNBC's Rick Santelli breaks down the latest...
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New Correspondent Program Launches
Jun 6th, 9:34am
A new correspondent lending program that has been launched promises the benefits off correspondent lending without the associated risk.Cherry...
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Why is Fed getting so 'aggressive' now?
Jun 6th, 8:55am
Noah Blackstein, Dynamic Funds, and Ed Keon, QMA...
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Confidence in Economy in May Lowest Since November 2016
Jun 6th, 8:54am
Economic confidence in the U.S. hit a new low for the post-election period in May, largely due to Democrats' worsening confidence....Read More
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Home Builder Group Voices Support for Mortgage Deduction
Jun 6th, 8:49am
June is National Homeownership Month and the National Association of Home Builders (NAHB) says that owning a home is as much a part of the...
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"Bidding Frenzy" Drives Prices Higher
Jun 6th, 8:47am
Home price increases moderated slightly in April, at least as measured by the CoreLogic Home Price Index (HPI). The company announced an...
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State-Level Lending Law Changes - Does California Have a Price Loophole?
Jun 6th, 8:40am
Posted To: Pipeline PressI received this note/suggestion regarding broker business. " Is California dysfunctional? In California, brokers are...
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MBS Day Ahead: A Bullish Big-Picture Case for Bond Markets
Jun 6th, 8:28am
There are no significant data or events on the calendar today and the Fed remains in its "blackout period" (where Fed speakers abstain from...
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How long you should wait before buying a home with your partner
Jun 6th, 7:56am
According to new LendingHome data, couples that wait this long before buying fight half as much....Read More
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GI to Sell Waypoint Rentals to Colony Starwood Homes
Jun 6th, 7:56am
More than 3,100 single-family properties will fetch $815 million....Read More
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Five Questions About the Fed's $4.5 Trillion Balance Sheet - Bloomberg
Jun 6th, 7:55am
Bloomberg Five Questions About the Fed's $4.5 Trillion Balance Sheet Bloomberg The Federal Reserve is getting ready to...
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Las Vegas Real Estate in May: Sales up 28% YoY, Inventory down Sharply
Jun 6th, 7:49am
This is a key distressed market to follow since Las Vegas saw the largest price decline, following the housing bubble, of any of the...
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CoreLogic US Home Price Report Shows Prices Up 6.9 Percent in April 2017
Jun 6th, 7:49am
Multiple Offers Drive Prices Upward in Select Markets Mortgage Rates Fluctuate During Spring Buying Season Home Price Gains Strongest in the West...
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China Ready to Buy More Treasuries as Yuan Stabilizes
Jun 6th, 7:48am
China is prepared to increase its holdings of U.S. Treasuries under the right circumstances, as officials judge the assets are becoming more...
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Another MBS Settlement for Deutsche
Jun 5th, 5:50pm
Following a pair of recent settlements related to mortgage-backed securities, Deutsche Bank has reached another settlement for nearly $100...
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MBS RECAP: Last Week's Rate Rally Mostly Intact After This Week's Slow Start
Jun 5th, 5:03pm
Posted To: MBS CommentaryISM Non-Manufacturing was this morning's biggest potential market mover, but it came in very close to consensus....
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2017 RMBS Issuance Well Ahead of 2016
Jun 5th, 4:45pm
So far this year, the volume of residential loan securitizations has more than doubled the level activity at the same point last year.Issuers of...
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Consumer Bankruptcy Filings Increase
Jun 5th, 4:07pm
Last month, the number of consumers who resorted to bankruptcy moved up on a month-over-month and year-over-year basis.During the month of May...
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Mortgage Rates Just Off 7-Month Lows
Jun 5th, 4:01pm
Posted To: Mortgage Rate WatchMortgage rates were modestly higher today after hitting the lowest levels since early November at the end of last...
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U.S. stocks close marginally lower as investors turn cautious
Jun 5th, 3:24pm
U.S. stocks closed marginally lower Monday as investors turned cautious ahead of a week packed with former FBI director James Comey's testimony,...
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Mortgage App Fraud Risk Continues to Rise
Jun 5th, 3:15pm
During each of the past five months, the risk of fraud on applications for a residential loan has moved higher. The Dakotas are emerging as a...
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Who's powering the housing market? Surprise! It's young people
Jun 5th, 12:24pm
Millennials are growing up, settling down and looking to buy a home....Read More
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Growth in Home Purchase Financing Sinks
Jun 5th, 11:09am
Quarterly home-lending volume fell to the lowest level since 2014. Growth in purchase financing, meanwhile, slowed.From Jan. 1, 2017, through...
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Strategist: Investors willing to look past risks and focus on fundamentals
Jun 5th, 11:05am
Stephen Wood, Russell Investments chief market...
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Its (Almost) All About Interest Rates
Jun 5th, 10:07am
It should come as no surprise that the rise in interest rates that occurred after the November 2016 election had a profound impact on mortgage...
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Mortgage Rates Fall
Jun 5th, 9:38am
Following 4 consecutive monthly increases, results from the Mortgage Interest Rate Survey (MIRS) released by the Federal Housing Finance Agency...
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May ISM non-manufacturing index at 56.9 vs. 57 (est.)
Jun 5th, 9:33am
CNBC's Rick Santelli reports the latest reads...
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Factory orders post first drop in five months
Jun 5th, 9:15am
WASHINGTON, June 5 (Reuters) - New orders for U.S.-made goods fell in April for the first time in five months and orders for capital equipment...
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Bond Report: Treasury yields try to rebound from November lows
Jun 5th, 9:12am
Treasury yields gained on Monday ahead of data that could add clarity to the U.S. economic outlook after a weaker-than-expected jobs report helped...
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ISM non-manufacturing index hits 56.9 in May, vs. 57 estimate
Jun 5th, 9:04am
A reading above 50 indicates expansion in the service sector, and a reading below 50 indicates contraction....Read More
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MBS Week Ahead: Bonds Set to Battle a Familiar Enemy
Jun 5th, 8:10am
There are two white lines in today's chart. Each represents the pace of the two most recent rallies in rates (with the latter being the...
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RESCAP Legal News; June Fed Rate Hike Odds
Jun 5th, 8:02am
Posted To: Pipeline PressThe Federal Financial Institutions Examination Council (FFIEC) published a Press Release announcing an update to the...
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Market hits new highs despite political bickering
Jun 5th, 7:29am
Phil Orlando, Federated senior v.p., and Steven...
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Blackstone offers to buy Finnish real estate firm Sponda for $2 billion
Jun 5th, 7:25am
HELSINKI (Reuters) - Private equity group Blackstone Group said on Monday it had offered to buy all shares in Finnish real estate investment...
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Private Residential Construction SAAR Falls 0.7% from March to April
Jun 5th, 7:23am
Spending has slowed since the start of the year, though growth remains high year over year....Read More
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D.R. Horton offers to buy 75 percent of Forestar
Jun 5th, 7:22am
(Reuters) - U.S. homebuilder D.R. Horton Inc said on Monday it offered to buy 75 percent of real estate development company Forestar Group Inc ,...
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Housing Secretary Ben Carson Clarifies Comment That Poverty Is A 'State of Mind'
Jun 5th, 7:22am
But Carson says that "how a person thinks" is only one component that contributes to being poor. He spoke to NPR about the comment and how his...
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US Treasurys edge lower as bond investors await fresh economic data, auctions
Jun 5th, 7:21am
U.S. government debt prices were lower on Monday morning as investors awaited the release of fresh economic data and Treasury auctions....Read More
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Bond Traders Enter Fed Blackout Betting a Hike Won't Quash Rally
Jun 5th, 7:21am
Bloomberg Bond Traders Enter Fed Blackout Betting a Hike Won't Quash Rally Bloomberg Before heading into the darkness of the Federal...
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Holiday Pulls Down Weekly Mortgage Market Index
Jun 4th, 2:38pm
As expected, new mortgage business turned sharply lower during the week that included Memorial Day. Business unexpectedly sank, though, from a...
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Best Mortgage Related Employers
Jun 4th, 12:37pm
People searching for a job in a mortgage-related field have many factors to consider -- including how well their new employer will treat them....
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MBS RECAP: Rates Revisit The Gap After NFP
Jun 2nd, 5:40pm
"The gap" refers to the closing yields in 10yr Treasuries of 2.15% on 11/10/2016 followed by opening yields of 2.17% the following business...
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Rates Fall to 2017 Lows After Jobs Report
Jun 2nd, 4:49pm
Mortgage ratesmoved convincingly lowertoday following weaker-than-expected employment data from the Labor Department. The big...
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Fed hike probability 91%
Jun 2nd, 3:32pm
CNBC's Steve Liesman reports on the May jobs...
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Near full employment?
Jun 2nd, 3:32pm
CNBC's Steve Liesman breaks down the latest...
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U.S. stocks close at record for second session in a row
Jun 2nd, 3:23pm
U.S. stocks closed at records for a second straight session on Friday as tepid jobs growth in May highlighted the possibility that the Federal...
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Public and Private Sector Payroll Jobs: Carter, Reagan, Bush, Clinton, Bush, Obama, Trump
Jun 2nd, 3:22pm
Here is another update of tracking employment during Presidential terms.  We frequently use Presidential terms as time markers - we could...
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Bonds and the stock market are rallying at the same time, and it's befuddling investors
Jun 2nd, 3:21pm
The stock market is surging to records on Friday, while government bonds are in rally mode, pushing long-dated Treasury yields to their lowest...
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CMBS Delinquency Highest Since 2015
Jun 2nd, 2:20pm
Performance on securitized commercial real estate loans was worse in any month since 2015. Maturing loans and shrinking outstandings were...
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Many Dodd-Frank Provisions May Be on House Chopping Block Next Week
Jun 2nd, 1:22pm
Posted To: MND NewsWireHouse Majority Leader Kevin McCarthy (R-CA) has told reporters he expects a full House vote next week on H.R. 10, The...
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El-Erian Says Liquidity Trade Replaced Trump as Market Catalyst - Bloomberg
Jun 2nd, 12:16pm
El-Erian Says Liquidity Trade Replaced Trump as Market Catalyst Bloomberg Mohamed El-Erian, chief economic adviser at Allianz SE and Bloomberg...
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Fed's Harker still sees three rate hikes this year, calls May payrolls number 'good'
Jun 2nd, 11:47am
Fed's Harker still sees three rate hikes this year, calls May payrolls number 'good'|| 104451916...Read More
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Wells Fargo Shakes Up Retail Mortgage Management
Jun 2nd, 11:15am
Wells Fargo Home Mortgage has shaken up its retail sales management. An insider has been promoted to lead the retail sales organization.A...
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We do expect a hike at the June meeting: Economist
Jun 2nd, 10:53am
Jan Hatzius, Goldman Sachs chief economist, weighs...
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Mortgage Staffing Grows Despite Weak US Employment
Jun 2nd, 10:25am
Aside from 16-year low unemployment, monthly jobs data indicate weak labor conditions -- driving down rates. But staffing expanded in the...
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Weak May jobs growth raises doubts about how much Fed can raise interest rates this year
Jun 2nd, 10:04am
May's weak hiring should not deter the Fed from raising rates in June, but it puts any further hikes in doubt....Read More
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We just found out the Fed's rate path may be too aggressive, ex-Obama advisor Goolsbee says
Jun 2nd, 9:12am
The much-weaker-than-expected growth in jobs shows the economy is expanding only modestly, Austan Goolsbee tells CNBC....Read More
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Yields move lower on jobs number
Jun 2nd, 8:33am
CNBC's Rick Santelli and Steve Liesman, parse...
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Traders keep bets on June rate hike after jobs report
Jun 2nd, 8:15am
(Reuters) - U.S. short-term interest rate futures were little changed on Friday after a government report showed employers added fewer jobs than...
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The government says unemployment fell to 4.3% in May, but here's a more realistic rate
Jun 2nd, 8:06am
The Labor Department says the unemployment rate was at 4.3 percent, but there's a bigger story behind that one number....Read More
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May nonfarm jobs up 138K, unemployment rate lowest since May 2001
Jun 2nd, 7:51am
CNBC's Hampton Pearson breaks down the latest...
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Credit Guideline Changes; Jumbo Secondary Market News
Jun 2nd, 7:50am
In celebration of National Doughnut, or Donut, Day, let’s talk about a subset of real estate agents. Thetypical Realtor, and there are...
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May Jobs Report: 138,000 More On Payrolls; Unemployment Dips Slightly
Jun 2nd, 7:37am
Economists had been expecting to see the U.S. economy gain about 185,000 jobs....Read More
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MBS Day Ahead: All About NFP, But a Meaningful Reaction Might be Tough
Jun 2nd, 7:32am
Posted To: MBS CommentaryToday's only significant data point will be NFP, which is the most significant piece of scheduled economic data every...
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Jobs Friday: What to watch
Jun 2nd, 7:29am
Nonfarm payrolls are expected to rise by 184,000...
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Trump allies push new Fannie and Freddie reform plan
Jun 2nd, 7:28am
Two investment groups are pitching a new plan that would free the mortgage giants Fannie Mae and Freddie Mac from US government control, the FT...
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Commercial Mortgage Delinquency Declines
Jun 1st, 6:47pm
The quarterly performance of real estate loans secured by commercial properties improved for most investor types. Just securitized loans have...
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Weakening in Monthly HECM Endorsements
Jun 1st, 6:34pm
A superficial month-over-month decline was recorded for government-insured reverse mortgage production. Year-over-year results were positive.The...
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Mortgage Rates Likely to Continue Holding
Jun 1st, 4:28pm
Interest rates on single-family loans were mostly in a holding pattern over the past week, and the forecast is for more of the same.On loans to...
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MBS RECAP: All Things Considered, Better Than it Might Have Been
Jun 1st, 3:48pm
Posted To: MBS CommentaryBond markets lost ground today, but less than you might expect given several of the typical inputs. In terms of economic...
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Office Loans Drive Down CMBS Delinquency
Jun 1st, 2:21pm
An improvement in the performance of securitized commercial real estate loans backed by office buildings was enough to offset deterioration in...
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Rates Edge Higher Ahead of Jobs Report
Jun 1st, 1:54pm
Mortgage ratesgave backyesterday's gains this morning following a stronger-than-expected employment report from ADP. While this...
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CFPB May 2017 complaint report highlights complaints from older consumers
Jun 1st, 1:49pm
The CFPB has issued its May 2017 complaint report highlighting complaints from “older consumers,” who the CFPB defines as...
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May Employment Preview
Jun 1st, 1:49pm
On Friday at 8:30 AM ET, the BLS will release the employment report for May. The consensus, according to Bloomberg , is for an increase of 185,000...
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Gallup Good Jobs Rate Rises in May
Jun 1st, 1:48pm
All four Gallup employment measures improved or held steady in May, with the Gallup Good Jobs rate rising nearly one percentage point to...
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Mortgage Bankers Criticize GSE Shareholder Plan
Jun 1st, 1:20pm
Contracts executed for the sale of pre-owned single-family properties diminished last month. But a sharp increase was reported for the West.For...
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Mortgage Rates Slide to Fresh 2017 Low as Inflation Slips Through Fed's Fingers
Jun 1st, 12:45pm
The benchmark rate for home loans remained in free fall in the most recent week mortgage provider Freddie Mac said Thursday. The post Mortgage...
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Here's What the Fed Will Be Watching for in the Jobs Report
Jun 1st, 12:31pm
Bloomberg Here's What the Fed Will Be Watching for in the Jobs Report Bloomberg President Donald Trump and Federal Reserve Chair Janet...
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Paulson, Blackstone Said to Back Plan for Freeing Fannie-Freddie
Jun 1st, 12:08pm
Paulson, Blackstone Said to Back Plan for Freeing Fannie-Freddie Bloomberg Paulson & Co. and Blackstone Group LP are among investors...
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Monthly Agency MBS Issuance Rises
Jun 1st, 11:41am
Monthly securitizations of single-family loans backed by the agencies moved up from a month earlier but retreated compared to a year...
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Construction Spending decreased in April
Jun 1st, 11:10am
Earlier today, the Census Bureau reported that overall construction spending decreased in April: Construction spending during April 2017 was...
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U.S. Homes Are Finally Shrinking - Bloomberg
Jun 1st, 10:56am
Bloomberg U.S. Homes Are Finally Shrinking Bloomberg The median home size decreased slightly in 2016, but it's still historically high at...
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Fannie Mae's Portfolio Rises 2% YTD
Jun 1st, 10:41am
Posted To: MND NewsWireFannie Mae said on Wednesday that its Book of Business increased at a compounded annual rate of 1.3 percent in April to a...
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Stonegate Acquisition a Done Deal
Jun 1st, 10:11am
After less than four years as an independent, publicly traded company, Stonegate Mortgage Corp. has, itself, been acquired.The Indianapolis-based...
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Single Family Sector is Rare Winner in Construction Spending Report
Jun 1st, 9:55am
The total amount of construction put in place nationally fell in April, but continues at a pace higher than at the same point in 2016. The...
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Changes coming to bank stress tests, Fed's Powell says
Jun 1st, 9:49am
The Federal Reserve will be making some of its own changes to the way it regulates banks, ahead of a likely push from the Trump administration to...
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May ISM manufacturing index at 54.9 vs. 55 (est.)
Jun 1st, 9:48am
CNBC's Rick Santelli breaks down the latest...
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ISM Manufacturing index increased to 54.9 in May
Jun 1st, 9:11am
The ISM manufacturing index indicated expansion in May. The PMI was at 54.9% in May, up from 54.8% in April. The employment index was at...
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30-Year Fixed Mortgage Rate Moves Lower
Jun 1st, 9:11am
30-Year Fixed Mortgage Rate Moves Lower...Read More
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U.S. private sector adds 253,000 jobs in May: ADP
Jun 1st, 8:03am
(Reuters) - U.S. private employers added 253,000 jobs in May, above economists' expectations, a report by a payrolls processor showed on...
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US jobless claims rose to 248,000 last week
Jun 1st, 8:03am
WASHINGTON- More people sought U.S. unemployment benefits last week, the second straight week of increases, though levels remain historically low....
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ADP reports payrolls up 253K in May
Jun 1st, 8:02am
It's a big blowout number, says CNBC's...
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Collateral and Appraisal News - Fed Addresses Delays
Jun 1st, 8:02am
Posted To: Pipeline PressSome may have the perception that no MI company has ever paid a claim, which isn’t true. USMI, the trade group for...
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MBS Day Ahead: Bonds Teetering Between Trends
Jun 1st, 7:45am
Posted To: MBS CommentaryBond markets had been in a clearly-delineated positive trend from mid-March through mid-April followed by a...
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Larry Summers: Inflation direction 'interesting' and deserves Fed attention
Jun 1st, 7:24am
Former Treasury Secretary Larry Summers, Harvard...
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Job growth 'rip-roaring' in May on boom in construction, services: ADP
Jun 1st, 7:23am
Economists expected the ADP report to show that private payrolls grew by 185,000 in May....Read More
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Bond market's recession warning is at odds with the stock market trading near all-time highs
Jun 1st, 7:14am
Stocks are near record highs, a sharp contrast with the bond market where interest rates have been sinking....Read More
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COFI Bounces Off Record Low
May 31st, 5:39pm
Following a month when it fell to the lowest level ever, the 11th District Cost of Funds Index jumped to the highest level since last summer.COFI...
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Fannie's Serious Delinquency Lowest Since Jan 2008
May 31st, 5:25pm
Secondary activity inched higher last month at the Federal National Mortgage Association. Serious mortgage delinquency was the lowest since...
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La Appraisers Sued for Restraining Price Competition
May 31st, 4:56pm
A regulation that was adopted in Louisiana restrained price competition among appraisers, according to a legal action that was filed against the...
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MBS RECAP: Unchanged Again; Modest Intraday Volatility
May 31st, 4:27pm
Posted To: MBS CommentaryIf we simply consider the close-of-the-day trading levels in bond markets, today was "unchanged." The intraday...
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Rates Near 2-Week Lows as Risks Increase
May 31st, 3:57pm
Mortgage ratesimproved modestly today as lenders caught up with yesterday afternoon's market movements. Most lenders will issue...
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Fannie Mae: Mortgage Serious Delinquency rate declined in April, Lowest since January 2008
May 31st, 3:49pm
Fannie Mae reported that the Single-Family Serious Delinquency rate declined to 1.07% in April, from 1.12% in March. The serious delinquency rate...
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2016 Originations Exceed 2 Trillion
May 31st, 3:48pm
New data on the volume of residential loans originated indicate that last year was the busiest for home lending in four years.The total value of...
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Fed's Kaplan Sticks to Rate Forecast Despite Inflation Weakness - Bloomberg
May 31st, 3:17pm
Bloomberg Fed's Kaplan Sticks to Rate Forecast Despite Inflation Weakness Bloomberg Federal Reserve Bank of Dallas President Robert Kaplan...
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Bank Regulators Ease Appraiser Requirements
May 31st, 2:55pm
Federal regulators of the nation's financial institutions have come up with a short-term solution to the shortage of real estate appraisers.An...
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2016 Originations Exceed $2 Trillion
May 31st, 2:55pm
New data on the volume of residential loans originated indicate that last year was the busiest for home lending in four years.The total value of...
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A region-by-region breakdown of where the Fed sees the economy now
May 31st, 2:09pm
The U.S. economy continued to grow a steady, if sluggish, pace from early April through late May, according to the Federal Reserve's latest...
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Fed: Slower growth, less optimism in some regions
May 31st, 1:54pm
CNBC's Ylan Mui reports the details from the...
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U.S. economy ambles on but few signs of inflation pressures: Fed
May 31st, 1:33pm
WASHINGTON (Reuters) - The U.S. economy expanded at a modest to moderate pace from early April through late May but showed little sign of breaking...
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Pending Home Sales Slip, But Not in West
May 31st, 1:08pm
Contracts executed for the sale of pre-owned single-family properties diminished last month. But a sharp increase was reported for the West.For...
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Financial Institution Regulatory Agencies Issue Advisory on Appraiser Availability
May 31st, 11:57am
Press Release Financial Institution Regulatory Agencies Issue Advisory on Appraiser Availability FOR IMMEDIATE RELEASE May 31, 2017 Joint Release...
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Selling a Home Costs Money Too
May 31st, 10:49am
Several entities that wonder about such things have commented recently on the apparent reluctance of homeowners to sell their homes....
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New DU Version Eases DTI Requirements
May 31st, 10:01am
Fannie Mae has announced changes in underwriting for loans submitted to its Desktop Underwriter (DU), Version 10.1. The new DU version will...
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PIMCO: Caution is warranted for markets in 3 to 5 years
May 31st, 9:47am
Discussing the geopolitical risks affecting market...
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Refinances Lead Drop in Mortgage Applications
May 31st, 9:34am
Heading into the Memorial Day holiday, prospective borrowers completed fewer home loan applications. The weakening was led by refinances.A...
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Pending Home Sales Fall Below 2016 Levels
May 31st, 9:15am
Pending home sales had been expected to rise slightly in April after declining 0.8 percent in March. Instead, the National Association of...
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Pending home sales drop 1.3% in April as spring housing market shows weakness
May 31st, 9:06am
Pending home sales had last slipped 0.8 percent in March, the National Association of Realtors reported last month....Read More
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Is apolitical Fed sending White House subtle signals?
May 31st, 8:21am
The official Federal Reserve position on Trump...
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Here's how long it will take millennials to afford to buy a home nationwide
May 31st, 8:21am
80 percent of millennials would like to become homeowners but few can afford to buy....Read More
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NY Real Estate Developer Pleads Guilty to Interfering in Local Election
May 31st, 8:21am
Kenneth Nakdimen was trying to advance stalled construction projects....Read More
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US Treasurys lower as bond investors eye Fed news, data
May 31st, 8:16am
U.S. government debt prices edged lower Wednesday, as investors geared up for the release of the Fed's Beige Book, along with speeches from Fed...
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Upcoming Events; Vendor Updates - OB to Buy Comergence; Freddie Credit Risk Transfer
May 31st, 8:13am
It has been interesting talking to residential lending folks around the nation about their mix of business and how it has changed - if at all. It...
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Refinance Volume Retreats from Previous Strong Showing
May 31st, 8:06am
The volume of applications for mortgages tumbled during the week ended May 26. Purchase applications were down for the third straight week...
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MBS Day Ahead: Hoping to Build on Recent Strength With Uncertain Month-End Boost
May 31st, 8:05am
In one of yesterday's updates (THIS ONE, to be specific), we discussed the role that month-end bond buying was likely playing behind the...
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MBS RECAP: Bonds Taking Another Run at 2017's Best Levels?
May 30th, 3:46pm
Posted To: MBS CommentaryUnfortunately, we won't really know until after this week is over, but if today is any indication, bond markets look...
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Pockets of Strength in Mortgage Production
May 30th, 3:11pm
Residential loan originations are being generated by a variety of sources, and some of them recently revealed improving volume numbers.More than...
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US Economic Confidence Index Stable at +3
May 30th, 2:18pm
Americans' confidence in the U.S. economy remains slightly positive, with Gallup's U.S. Economic Confidence Index registering +3 for the week...
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Home prices continue to climb
May 30th, 2:12pm
CNBC's Diana Olick takes a look at the rise in...
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Home affordability is very good right now: Black Knight Financial
May 30th, 2:12pm
Ben Graboske, Black Knight Financial Services,...
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Mortgage Rates Sideways Near Long-Term Lows
May 30th, 1:50pm
Posted To: Mortgage Rate WatchMortgage rates remained relatively unchanged again today. This continues the sideways trend leading into Memorial...
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123-Year-Old Bank Fails
May 30th, 1:34pm
A 123-year old financial institution that was able to weather the Great Depression was unable to survive the Great Recession.Fayette County Bank...
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Brainard: Slowing inflation could prompt rethink on rates
May 30th, 1:12pm
CNBC's Steve Liesman reports the latest on...
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How Comp Adjustments Might be Distorting Appraisal Values -CoreLogic
May 30th, 12:59pm
CoreLogic's analysts continue to report on the validity of appraisals. A blog entry from last December found that thirty percent of...
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Relax Requirements With Fannie DU Updates
May 30th, 12:46pm
This summer, the Federal National Mortgage Association is updating its automated underwriting system with more relaxed requirements for ratios,...
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Relaxed Requirements With Fannie DU Updates
May 30th, 12:46pm
This summer, the Federal National Mortgage Association is updating its automated underwriting system with more relaxed requirements for ratios,...
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Brainard sees U.S. rate hikes but eyeing soft inflation
May 30th, 12:18pm
NEW YORK (Reuters) - A U.S. interest-rate hike is probably coming soon though the Federal Reserve may want to delay if recently soft inflation...
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Real House Prices and Price-to-Rent Ratio in March
May 30th, 12:18pm
Here is the earlier post on Case-Shiller: Case-Shiller: National House Price Index increased 5.8% year-over-year in March It has been more than...
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Home Prices in West Continue to Outperform
May 30th, 11:34am
U.S. home values again escalated, with some pockets seeing stronger growth. Price gains on the West Coast continue to lead the nation.The 20-City...
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Atlanta Fed raises U.S. second-quarter GDP growth view to 3.8 percent
May 30th, 11:18am
NEW YORK (Reuters) - The U.S. economy is expected to grow at a 3.8 percent annualized pace in the second quarter based on a report that showed an...
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As Fed Readies Rate Rise, Inflation Slips Further From Its Goal - Bloomberg
May 30th, 11:12am
Bloomberg As Fed Readies Rate Rise, Inflation Slips Further From Its Goal Bloomberg The worst of the price war in the U.S. mobile-phone market may...
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Cashin: Market is giving Fed a free hall pass to hike rates
May 30th, 10:21am
Art Cashin, UBS director of floor operations,...
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Ocwen Accuses FIS in Lawsuit of Fraudulent Billing
May 30th, 9:37am
In the midst of its own regulatory war, Ocwen Financial Corp. is accusing Fidelity Information Services LLC of fraudulent over billing for work...
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Black Knight: Prices Up 2.3 Percent Year-to-Date
May 30th, 9:36am
Black Knight Financial Services (BK), released its Home Price Index (HPI) on Tuesday. It was in general agreement with the S&P CoreLogic...
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May consumer confidence at 117.9 vs.119.0 (est.)
May 30th, 9:23am
CNBC's Rick Santelli reports the latest read on...
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US consumer confidence hits 117.9 in May vs expectation of 119.8
May 30th, 9:08am
The index last fell to 120.3 in April, according to monthly data from The Conference Board....Read More
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Case-Shiller: No Telling When Prices, Rates Will Force Housing Slowdown
May 30th, 9:06am
Home prices across the nine U.S. census divisions hit a 33-month high in March. The S&P CoreLogic Case-Shiller U.S. National Home Price...
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Redfin Housing Demand Index Ticks Back Up as Prime Selling Season Commences
May 30th, 7:59am
The Redfin Housing Demand Index increased 9.2 percent from March to a seasonally adjusted level of 121 in April. The post Redfin Housing Demand...
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Consumer spending rises; monthly inflation rebounds
May 30th, 7:59am
WASHINGTON, May 30 (Reuters) - U.S. consumer spending recorded its biggest increase in four months in April and monthly inflation rebounded,...
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ECB to discuss closing door to extra stimulus next week: Sources
May 30th, 7:59am
European Central Bank policymakers are set to take a more benign view of the economy, four sources told Reuters....Read More
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Personal Income increased 0.4% in April, Spending increased 0.4%
May 30th, 7:59am
The BEA released the Personal Income and Outlays report for April: Personal income increased $58.4 billion (0.4 percent) in April according to...
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State-level Lending Law Changes; Servicing Trends and Packages
May 30th, 7:52am
Congrats to Indiana’s Ruoff Home Mortgage and president & CEO Mark Music. Why? The lender helped sponsorthe winning Indy 500 car...
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MBS Week Ahead: Shorter Week Brings Higher Stakes for Recent Market Patterns
May 30th, 7:50am
Although there are only four trading days in the week ahead, they bring a far more venerable lineup of economic data compared to last week....
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Outside the Box: Fed's Kashkari is wrong about the housing bubble
May 30th, 7:16am
Market tops are apparent to anyone willing to see them, writes John Coumarianos....Read More
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Black Knight: House Price Index up 1.3% in March, Up 5.8% year-over-year
May 30th, 7:15am
Note: I follow several house price indexes (Case-Shiller, CoreLogic, Black Knight, Zillow, FHFA, FNC and more). Note: Black Knight uses the...
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US Treasurys edge higher as bond investors focus on economic data
May 30th, 7:15am
U.S. government debt prices were lower on Tuesday as investors awaited a fresh batch of economic data and focused on several auctions....Read More
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Fed's Kaplan: I see two more rate hikes in 2017
May 30th, 7:14am
Dallas Fed President Robert Kaplan talks to...
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Origination Systems Address HMDA, UCD
May 29th, 3:09pm
Upcoming changes to single-family data reporting and delivery have been addressed by providers of loan origination systems.The top LOS among the...
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ARMs Defy Overall Weekly Mortgage Slump
May 26th, 6:01pm
Although a week-over-week decline in new mortgage business was mostly across-the-board, adjustable-rate mortgage activity rose -- with ARM share...
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New Tenants for Mortgage C-Suites, Boards
May 26th, 2:13pm
Free agency in single-family lending is in full swing, and moves have been made in the boardroom, C-Suites and mid-level management offices.PHH...
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MBS RECAP: Next Week Should be More Interesting
May 26th, 2:09pm
Today was a non-starter, despite the presence of economic data that certainly had the street cred to move markets (if markets were inclined...
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Mortgage Rates Coast Into Extended Weekend
May 26th, 1:31pm
Posted To: Mortgage Rate WatchMortgage rates didn't move much today. Lenders that made detectable adjustments generally did so in a moderately...
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Priced Out: The Housing Affordability Gap in America's Largest Metros
May 26th, 12:56pm
African-American and Hispanic families are losing ground in owning homes faster than other racial groups. The post Priced Out: The Housing...
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New York real estate developer admits to interfering with local elections
May 26th, 12:27pm
A New York real estate developer admitted that he meddled in a local election, including using fake voters, all to advance stalled...
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SunTrust Agrees to Fed Consent Order
May 26th, 11:54am
The operating subsidiary of SunTrust Banks Inc. has been ordered to pay more than a million dollars for violating the National Flood Insurance...
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Judge: Wells Fargo $142 million fake account settlement may not be enough
May 26th, 11:47am
Wells Fargo's proposed $142 million settlement in the class action lawsuit brought on behalf of the bank's customers who had a fake...
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Pro Teck: These 7 housing markets close mortgages faster than anywhere else
May 26th, 11:34am
Out of all 200 metros Pro Teck analyzed, only seven metros are selling in 50 days or less. “These numbers represent the average for the...
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Second estimate revises 1Q GDP higher
May 26th, 10:07am
The second estimate revised the real gross domestic product higher, increasing the annual rate from the original 0.7% estimate. This...
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Consumer sentiment index at 97.1 in May
May 26th, 9:30am
CNBC's Rick Santelli reports the latest read on...
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U.S. home prices to rise at a strong pace on tight supply: Reuters poll
May 26th, 8:40am
(Reuters) - U.S. home prices look poised to rise at a robust pace over the next few years, mainly because of a chronic shortage of houses and...
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Wages and Inflation; The Fed and Mortgage Rates
May 26th, 7:54am
Ready to rush off and join the blockchain rush? Not so fast. The implementation of blockchain technology in the financial-services industry is...
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Markets 'pricing in' June rate hike: Expert
May 26th, 7:36am
Stephen Wood, Russell Investments, and Rebecca...
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Take advantage of market 'dips': Expert
May 26th, 7:35am
Stephen Wood, Russell Investments, and Rebecca...
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US Treasurys edge lower as bond investors focus on economic data
May 26th, 7:28am
U.S. government debt prices were lower on Friday morning as investors awaited a fresh batch of economic data....Read More
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MBS Day Ahead: Data Casts Vote on Recent Trend Shift
May 26th, 7:28am
Up until yesterday, the past week and a half of trading ran the risk of taking the shape of an uptrend leading back from the lows that...
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Bullard says US inflation is 'worrisome' and markets are wrong on Fed rate path
May 26th, 7:27am
Federal Reserve (Fed) policymaker James Bullard has declared that the path of inflation in the U.S. is "worrisome", speaking in...
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CBC offers new LexisNexis FCRA report for lien and judgment data
May 25th, 5:15pm
Starting July 1, the three national credit reporting agencies will stop collecting and reporting information on lien and judgement data...
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Drop in Mortgage Rates Likely to Hold
May 25th, 5:14pm
Interest rates on residential loans were solidly lower over the past seven days. Rates are likely to refrain from moving much over the next seven...
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Grassroots military organizations ask Congress to save CFPB
May 25th, 5:02pm
As the Financial CHOICE Act moves its way through the House of Representatives, two grassroots organizations that represent current and...
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Grassroots military organizations ask Congress to save the CFPB
May 25th, 5:02pm
As the Financial CHOICE Act moves its way through the House of Representatives, two grassroots organizations that represent current and...
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FHFA seeks to improve access to credit for borrowers with limited English proficiency
May 25th, 4:39pm
The Federal Housing Finance Agency issued a Request for Input on issues facing qualified mortgage borrowers with limited English...
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SunTrust fined $1.5 million by Federal Reserve for violations of Flood Insurance Act
May 25th, 4:19pm
SunTrust Bank will pay a fine of more than $1.5 million for the bank’s “pattern or practice of violations” of a portion of the...
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MBS RECAP: Bonds Begin Heading For The Exits, Hoping to Avoid Drama
May 25th, 3:54pm
Posted To: MBS CommentaryAfter seeing today's trading--especially when we consider it in the context of recent technical levels and...
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Mortgage Rates Improve as Lenders Catch up
May 25th, 3:25pm
Mortgage rates fell today despite relatively uneventful movement in underlying bond markets (which drive day to day changes in rates). The net...
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OfferPad signs on for Zillow's "Instant Offers" home buying program
May 25th, 3:17pm
It’s now been a few days since Zillow sent the housing business into a bit of a fervor when it announced that it was getting into the...
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OfferPad signs on for Zillow's "Instant Offers" home-buying program
May 25th, 3:17pm
It’s now been a few days since Zillow sent the housing business into a bit of a fervor when it announced that it was getting into the...
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Closing Bell Exchange: Investors continue to look at fundamentals
May 25th, 3:08pm
Discussing the current state of the markets with...
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Mortgage Rates Improve as Lenders Catch up With Yesterday's Gains
May 25th, 3:08pm
Mortgage ratesfell todaydespite relatively uneventful movement in underlying bond markets (which drive day to day changes in rates)....
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Luxury Homes in Manhattan Are Finally Getting Cheaper - Bloomberg
May 25th, 2:39pm
Bloomberg Luxury Homes in Manhattan Are Finally Getting Cheaper Bloomberg Owners of Manhattan luxury homes are waking up to a simple reality: If...
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Sacramento Is California's Newest Real-Estate Hot Spot
May 25th, 2:39pm
The once-sleepy government town is attracting a rush of buyers and flurry of development near its Golden 1 Center, a new NBA arena. The post...
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Trump budget could have big news for Fannie and Freddie
May 25th, 2:38pm
Within the details of the $4.1 trillion spending plan is a change in language regarding Fannie Mae and Freddie Mac....Read More
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Where do recruiting efforts fail when hiring Millennials in mortgage finance?
May 25th, 2:00pm
One thing became clear very quickly during HousingWire’s webinar on how to hire Millennials on Thursday — few attendees knew they...
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Want to recruit more Millennials? Learn what matters most from our experts
May 25th, 2:00pm
One thing became clear very quickly during HousingWire’s webinar on how to hire Millennials on Thursday — few attendees knew they...
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Stearns Lending introduces new loan program with lower payments for first two years
May 25th, 12:55pm
With loan originations on the decline, it seems that lenders are stepping “out of the box,” so to speak, when it comes to targeting...
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For Sale: MSRs on Over $1 Bil in Ginnie Loans
May 25th, 12:09pm
Mortgage servicing rights on more than $1 billion in Ginnie Mae loans with a Texas concentration are being marketed for sale.The offering is for...
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CAR: California pending homes sales drop four months in a row
May 25th, 11:55am
California pending homes sales continued to trend down in April due to low housing inventory and eroding affordability. The report also...
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Q2 GDP tracking 3% after trade data
May 25th, 11:49am
CNBC's Steve Liesman gives the latest update on...
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Attom: Refinance originations fell to 10-year low in 1st quarter
May 25th, 11:30am
Mortgage rates may sit at a yearly low right now, but earlier in the year rates sat well north of 4%, and that drove first-quarter...
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Mid America buys eNote from North Carolina's first eClosing
May 25th, 11:12am
North Carolina performed its first-ever eClosing back in May, marking the first transaction that was a full eClosing. Plus, according to...
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Fannie Mae Announces Third Front-End Credit Insurance Risk ...
May 25th, 11:06am
News Release. Share This: May 25, 2017. Fannie Mae Announces Third Front-End Credit Insurance Risk Transfer Transaction ......Read More
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Small Portfolio of Agency MSRs Being Auctioned
May 25th, 11:06am
A small portfolio of mortgage servicing rights on loans backed by the housing finance agencies has just hit the market. The loans have a Florida...
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Freddie Mac Pulls a 180 in Housing Outlook
May 25th, 10:09am
Posted To: MND NewsWireRather than taking a step back this year, home sales now seem ready to best their 2016 numbers. Freddie Mac's economists...
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Watt Says FHL Home Bank Activity Tops $1 Trillion
May 25th, 10:06am
It often gets lost in the shuffle, but the Federal Housing Finance Agency (FHFA) is not just the regulator and conservator of the government...
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Fed's Brainard says global economy 'brighter,' less risk to Fed outlook
May 25th, 10:00am
Federal Reserve Governor Lael Brainard said on Thursday that a "brighter" global economy is posing less risk to the...
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Multifamily Developer Confidence Dips in First Quarter as Market Levels Off
May 25th, 9:40am
The Multifamily Production Index (MPI) dropped seven points to 48 in the first quarter of 2017, according to the National Association of Home...
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Mortgage Rates Drop to Lowest of 2017
May 25th, 9:39am
Mortgage Rates Drop to Lowest of 2017...Read More
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Freddie Mac: Mortgage rates now sit at lowest level in 2017
May 25th, 9:00am
As forecasted, mortgage rates continued to drop in the latest Freddie Mac Primary Mortgage Market Survey. And not only did rates drop,...
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Fannie Mae EXCLUSIVE: The crisis in affordable rental housing, Part 2
May 25th, 9:00am
With the Section 8 Housing Choice Voucher Program, low-income renters in the program pay 30% of their incomes toward housing, with the...
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Initial jobless claims up 1,000 to 234,000
May 25th, 8:57am
CNBC's Rick Santelli breaks down the latest...
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The Mortgage Industry Gains A New Compliance Heavyweight Player
May 25th, 8:54am
The mortgage industry has a new compliance heavyweight player. PROGRESS in Lending has learned that Asurity Technologies (Asurity) has formed a...
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PHH v. CFPB - Recording of the Arguments, a Webinar About Yesterday's Action, What's Next?
May 25th, 8:50am
Posted To: Pipeline PressMontana may have its issues with politicians vying for the WWE title belt, but the state does seem to steer clear of...
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Jobless claims rose slightly, but four-week average is at a 44-year low
May 25th, 8:24am
First-time claims for state unemployment benefits were expected to total 238,000 in the most recent week....Read More
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MBS Day Ahead: Auction Cycle Ends; Bonds Still Have a Shot
May 25th, 8:14am
Tuesday of this week was a bit alarming for bond markets as it introduced the possibility that yields were opting for upward momentum after...
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US Treasurys higher as bond investors await Fed speeches, data; OPEC eyed
May 25th, 7:23am
U.S. government debt prices were higher Thursday, as investors waited for leading Fed members to speak on the back of the FOMC May minutes...
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Sick of renting? 5 signs you're ready to buy a home
May 25th, 7:23am
Is it better to rent or buy? Here are five signs you're ready to be a homeowner....Read More
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California district court upholds constitutionality of CFPB
May 24th, 4:56pm
As the Consumer Financial Protection Bureau and PHH begin their oral arguments in their landmark case over the constitutionality of the...
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Black Knight Financial Services unveils municipal lien search
May 24th, 4:47pm
Black Knight Financial Services is rolling out a new tool that it will help identify municipal liens that would go unseen in a typical...
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Have issues with the Zestimate? Zillow is offering $1 million to fix it
May 24th, 4:23pm
Zillow knows its “Zestimate,” the online real estate giant’s property value estimation tool, isn’t perfect. Even after years of...
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Non-Performing Mortgages Offered for Sale
May 24th, 3:48pm
Investors are being sought for the potential sale of non-performing mortgages that are being sold at a substantial discount.The offering is for 44...
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MBS RECAP: Bonds Bounce Back After Fed/Auction Combo
May 24th, 3:45pm
Posted To: MBS CommentaryBonds began the day in inconsequentially stronger territory and soon moved to the worst levels in a week leading up to...
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Fed minutes show June rate hike isn't guaranteed
May 24th, 3:41pm
Despite common consensus that the Federal Reserve will raise interest rates in June, the latest Federal Open Market Committee meeting...
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MSRs on Over $1 Bil in Ginnie Loans for Sale
May 24th, 3:19pm
Bids are being taken for mortgage servicing rights on more than $1 billion in Government National Mortgage Association loans.MSRs on 6,244 Ginnie...
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Fed balance sheet unwind 'absolutely' reduces chance of more rate hikes: Former Dallas Fed
May 24th, 2:52pm
The Federal Reserve will be very measured when it begins to reduce its balance sheet, but will likely not double tighten, Danielle DiMartino Booth...
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SEC accuses Texas mortgage lender of running massive Ponzi scheme
May 24th, 2:38pm
A North Texas man who raised nearly $23 million from investors under the guise of investing in the mortgage business actually used some...
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Upward Mortgage Rate Momentum Pauses After Fed
May 24th, 2:35pm
Posted To: Mortgage Rate WatchMortgage rates moved moderately higher this morning, beginning the day at the highest levels in roughly 2 weeks....
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Fed: Balance sheet should be reduced this year
May 24th, 2:30pm
CNBC's Steve Liesman reports on the minutes...
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Trading Nation: The Fed and the bond trade
May 24th, 2:30pm
Boris Schlossberg, BK Asset Management, and Craig...
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Fed set to reduce balance sheet this year
May 24th, 2:30pm
Danielle DiMartino Booth, Money Strong; Ernesto...
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Black Knight: Mortgage Delinquencies Increased in April
May 24th, 2:29pm
From Black Knight: Black Knight Financial Services' First Look at April 2017 Mortgage Data • First-lien mortgage delinquencies rose by 13...
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HUD Selling Vacant Property Loans
May 24th, 2:16pm
Single-family loans secured by vacant properties are being offered for sale by the Department of Housing and Urban Development.The offering is for...
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Docutech Expands Its Operations
May 24th, 1:28pm
Docutech has expanded its operations with the opening of a new office in Scottsdale, Arizona. In addition to the corporate headquarters in Idaho...
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FOMC Minutes: More details on Balance Sheet Reduction
May 24th, 1:18pm
From the Fed: Minutes of the Federal Open Market Committee, May 2-3, 2017 . Excerpts: Participants continued their discussion of issues related to...
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Small Fannie MSR Portfolio On Market
May 24th, 1:07pm
A small portfolio of mortgage servicing rights on government-sponsored enterprise loans with a Golden State concentration is being marketed for...
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Fed sets process to unravel $4.5 trillion balance sheet
May 24th, 1:05pm
Federal Reserve officials appear to be in synch on how they plan to unravel the mammoth stimulus implemented during the financial crisis....Read More
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Guild Mortgage launches nationwide 1% down mortgage program
May 24th, 12:52pm
Guild Mortgage announced a new nationwide 1% down mortgage product to cater to the upcoming surge in Millennial homebuyers. To make the...
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Shiller: Market could go up 50% from here
May 24th, 12:16pm
Robert Shiller, professor of economics at Yale...
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TX Mortgage Firm Accused of Deceiving Investors
May 24th, 12:14pm
A home lender in the Lone Star State has been accused by government regulators of lying to investors about how their money would be used.More than...
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1% Down Mortgage Launched
May 24th, 12:06pm
A new program has been launched that requires just 1 percent down. In addition, the product enables higher debt-to-income ratios.The program...
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Freddie Boosts Refinance Outlook on Lower Rates
May 24th, 11:47am
A significant improvement in the forecast for refinance production has been made by Freddie Mac thanks to falling rates. Even expected purchase...
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Fannie Mae rolls out Healthier Housing Rewards for multifamily properties
May 24th, 11:27am
Fannie Mae this week rolled out a new program designed to boost the development of healthy living options for residents of multifamily...
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Freddie Mac: Cash-out refinance activity highest since the bust
May 24th, 11:23am
This years is shaping up to outpace expectations thanks to a resilience in refinance demand, especially when it comes to cash-out...
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Zillow CEO: Inventory problem starting to get solved
May 24th, 11:17am
Zillow CEO Spencer Roscoff discusses the health of...
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Trends in Delinquency Rates Point to Continued Healing
May 24th, 11:17am
Following a surprising, but small, increase in the percent of 1-4 family first-lien mortgages that were either 90 or more days delinquent or were...
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Homeowners hate ‘Zestimates' so Zillow awarding $1 million to improve its model
May 24th, 11:17am
The real estate data web site wants to crowdsource a better measurement tool - and will pay a handsome reward for the best model...Read More
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Fannie Mae EXCLUSIVE: The crisis in affordable rental housing, Part 1
May 24th, 11:00am
Multifamily construction didn’t really rebound after the crash until 2013. Even still, it's playing “catch up.” In addition,...
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FHFA: Home prices continue climbing in first quarter
May 24th, 10:34am
Home prices rose during each month of the first quarter, continuing a climb that began in the early part of this decade, a new report...
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FHFA: Home prices continuing climbing in first quarter
May 24th, 10:34am
Home prices rose during each month of the first quarter, continuing a climb that began in the early part of this decade, a new report...
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Mortgage Refi Applications Jump, Purchases Dip
May 24th, 10:18am
As interest rates on home loans declined to a six-month low, weekly applications for mortgage refinances accelerated. But purchase financing...
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Freddie Mac May 2017 Outlook
May 24th, 10:11am
Freddie Mac May 2017 Outlook...Read More
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US economy can do the 3% growth assumed in Trump's budget, Mohamed El-Erian says
May 24th, 10:10am
Three percent economic growth is possible with the right policies, the Allianz chief economic advisor tells CNBC....Read More
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It's cheaper to buy a home than rent — but you have to find one first
May 24th, 10:08am
Why are home sales falling? Because there are crazy few affordable homes for sale....Read More
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April existing home sales down 2.3%
May 24th, 9:39am
CNBC's Diana Olick reports the latest read on...
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The Fed wants to raise rates this year. One thing could stand in the way
May 24th, 9:29am
Substantially lower than expected inflation would be a significant hurdle for the Fed in its quest to normalize monetary policy and raise interest...
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NAR: Existing homes are flying off the market, but sales fall back from record pace
May 24th, 9:28am
Existing homes stayed on the market for less time in April than in any month since 2011, but tight inventory drove a decline in existing...
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Existing Home Sales Decline Slightly
May 24th, 9:04am
Posted To: MND NewsWireU.S. APRIL EXISTING HOME SALES 5.57 MLN UNIT RATE (CONSENSUS 5.65 MLN), VS MARCH 5.70 MLN (PREV 5.71 MLN)-NAR U.S. APRIL...
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Existing Home Sales Decline Slightly; Inventory Issues Persist
May 24th, 9:04am
Posted To: MND NewsWireExisting homes declined in April, falling back by 2.3 percent in April when compared to March 2017 levels. The National...
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Price Gains Decelerate But Remain Over 6 Percent Annually
May 24th, 8:56am
Posted To: MND NewsWireThe Federal Housing Finance Agency (FHFA) is reporting another significantly high set of results for its Housing Price...
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Black Knight Financial Services' First Look at April 2017 Mortgage Data
May 24th, 8:33am
Black Knight Financial Services' First Look at April 2017 Mortgage...
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Paul Ryan wants to put tax reform on Trump's desk by Christmas
May 24th, 8:31am
Paul Ryan echoed Treasury Secretary Steven Mnuchin, who said that "our objective" is to get tax reform "done this...
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MBS Day Ahead: Apex of Bond Supply and Fed Minutes
May 24th, 8:16am
Posted To: MBS CommentaryToday's main event from a "street cred" standpoint will be the 2pm release of the Minutes from the last Fed...
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Home sales flashing early warning signs
May 24th, 7:54am
CNBC's Diana Olick reports April's tally of...
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New Home Sales; Title Company Cuts Fees; Guild's 1% Down Product
May 24th, 7:43am
Posted To: Pipeline PressTrends in New Home Sales "Pending" Home Sales, "Existing" Home Sales, and "New" Home Sales - take your pick. They all...
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Fed minutes in the spotlight on Wall Street; oil, data in focus
May 24th, 7:33am
U.S. stock index futures pointed to a relatively flat open on Wednesday, as investors geared up for the release of minutes from the Fed's last...
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Calendar Colludes; Delinquencies Spike by Most in Nine Years
May 24th, 7:29am
While Black Knight Financial Services maintains it was a function of seasonality, mortgage delinquencies increased in April by the largest...
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Refi Apps Rebound, Helping Offset Purchase Pull-Back
May 24th, 7:24am
Posted To: MND NewsWireRefinancing shored up the Mortgage Bankers Association's Market Composite Index during the week ended May 19. While...
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MBA: Mortgage application rollercoaster continues
May 24th, 6:05am
Mortgage applications continued a trend this week, bouncing back after falling the week before, the newest data from the Mortgage Bankers...
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Seasonal Surge in Mortgage Delinquency
May 23rd, 5:27pm
Delinquency on residential loans soared last month, though the surge was attributed to seasonal factors, Foreclosure starts, however, sank to a...
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Freddie's New Business Dips, Delinquency Holds
May 23rd, 4:42pm
Secondary lending volume slipped last month at the Federal Home Loan Mortgage Corp. as delinquency remained at a nearly decade low.Last month...
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Trump budget surprise: Gutting the CFPB
May 23rd, 4:28pm
The impact of President Donald Trump’s 2018 federal budget proposal budget proposal would certainly be felt in the housing industry via...
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New American Funding commits to increasing Hispanic homeownership
May 23rd, 4:20pm
New American Funding announced its new commitment with the National Association of Hispanic Real Estate Professionals to work towards...
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Docutech expands into Scottsdale, Arizona
May 23rd, 3:46pm
Docutech announced it will move its operations to Scottsdale, Arizona, as it plans future growth initiatives. The company’s new chief...
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HUD Budget Includes New FHA Administrative Fee
May 23rd, 3:32pm
The Department of Housing and Urban Development's proposed budget includes a new administrative fee on government-insured mortgages to fund...
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MBS RECAP: Supply and Headlines Weigh on Bonds
May 23rd, 3:21pm
Posted To: MBS CommentaryMuch like the week before last, we're seeing an abundance of new "supply" hitting the bond market. This...
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Affordable housing groups say Trump budget would be catastrophic
May 23rd, 3:16pm
Affordable housing advocates are taking a stand against President Donald Trump’s budget proposal which includes cutting several HUD...
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Fannie Mae Introduces Healthy Housing Rewards Initiative for ...
May 23rd, 3:09pm
News Release. Share This: May 23, 2017. Fannie Mae Introduces Healthy Housing Rewards Initiative for Affordable Multifamily Properties ......Read More
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Mortgage Rates Remain Under Pressure
May 23rd, 2:54pm
Posted To: Mortgage Rate WatchMortgage rates began the day in decent shape with the average lender roughly unchanged versus yesterday. As the day...
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HUD Budget Drops by $16 Billion, FHA, GNMA Appear Unscathed
May 23rd, 2:53pm
Posted To: MND NewsWireThe U.S. Department of Housing and Urban Development (HUD) released its proposed 2018 budget on Tuesday, saying it will...
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Here's what Trump's proposed budget means for housing
May 23rd, 2:17pm
The Trump administration released its full budget proposal which includes a $6.2 billion budget cut to HUD. The cut was announced back in...
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Here's what Trump's proposed budget means for housing
May 23rd, 2:17pm
The Trump administration released its full budget proposal which includes a $6.2 billion budget cut to HUD. The cut was announced back in...
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Helping Deserving but Underserved Markets
May 23rd, 2:15pm
By David Brickman and Dave Lowman, As many as 12 million U.S. households devote more than half their income to housing. As house prices and rents...
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FHA Originations Rising, Delinquency Tumbles
May 23rd, 2:14pm
The monthly volume of home loans insured by the Federal Housing Administration turned higher, and a further increase is on the way. Delinquency,...
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Gamechanger: Zillow getting into home selling business with "instant offers"
May 23rd, 1:39pm
In many ways, Zillow was one of the leaders in the online real estate revolution, helping to democratize the home buying process and...
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Big drop in April new homes sales
May 23rd, 1:38pm
CNBC's Diana Olick reports on the big drop in...
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There are Tons of Newly Built Homes - Just the Wrong Kind
May 23rd, 12:33pm
Posted To: MND NewsWireAsk anyone house hunting this spring, and they'll tell you there are far too few homes for sale. But, really, it's the...
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Trump budget seeks cuts to taxes and safety net programs
May 23rd, 12:30pm
CNBC's Ylan Mui recaps the White House's...
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AD&C Financing Standards Continue to Ease
May 23rd, 12:18pm
Over the first quarter of 2017, builders and developers reported easing credit conditions for acquisition, development, and single-family...
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A few Comments on April New Home Sales
May 23rd, 12:18pm
New home sales for April were reported at 569,000 on a seasonally adjusted annual rate basis (SAAR).  This...
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Trump Administration Proposes 2018 HUD Budget
May 23rd, 12:17pm
WASHINGTON - The Trump Administration today announced the proposed 2018 Budget for the U.S. Department of Housing and Urban Development (HUD). The...
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Freddie Mac Announces Pricing of $237.5 Million Multifamily Small Balance Loan Securitization
May 23rd, 11:15am
Freddie Mac Announces Pricing of $237.5 Million Multifamily Small Balance Loan Securitization...Read More
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There Is One Big Problem With The Trump Budget
May 23rd, 11:13am
On Tuesday, the White House revealed its proposed 2018 budget, which as discussed earlier, anticipates some draconian cuts to government spending...
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Experts: New home sales need to double to hit historic norms
May 23rd, 11:08am
After several months of high gains in new home sales, sales of new single-family homes came tumbling back down in April. Many experts...
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Trump budget to increase growth by boosting investment, labor force: Mnuchin
May 23rd, 10:48am
WASHINGTON (Reuters) - The Trump administration believes its budget plan will boost economic growth by fostering capital investment and creating...
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Freddie Mac Prices $345.6 Million Multifamily K-Deal
May 23rd, 10:47am
Freddie Mac Prices $345.6 Million Multifamily K-Deal...Read More
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Sec. Mnuchin: We had to make difficult budget decisions
May 23rd, 10:00am
Treasury Secretary Steven Mnuchin speaks with...
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New home sales plummet more than 11% in April
May 23rd, 9:58am
New home sales plummeted in April from the previous month, possibly showing a new cooling in the market. As home sales dropped, so did...
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Fed's Kashkari says soft inflation readings are 'concerning'
May 23rd, 9:57am
Minneapolis Fed President Neel Kashkari on Tuesday sounded in no hurry to raise short-term interest rates. Kashkari, who was the lone dovish...
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Treasury's Mnuchin on tax reform: 'Our objective is to get it done this year'
May 23rd, 9:55am
Steven Mnuchin said Tuesday that the Trump administration hopes to pass a plan to overhaul the U.S. tax system by the end of the year....Read More
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Short Supply Of Homes Hampers Greater Boston Housing Market In April
May 23rd, 9:55am
BOSTON, May 23, 2017 /PRNewswire-USNewswire/ -- A continued shortage of homes for sale and rising prices throughout Greater Boston have softened...
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New Home Supply Rises As Sales Slow
May 23rd, 9:53am
Although the pace of new home sales turned lower last month, the supply of homes available for sale was the greatest in nearly eight years.There...
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Embrace Home Loans Expands Washington, D.C. Presence
May 23rd, 9:49am
As growth and demand continue to rise in Washington, D.C., national lender Embrace Home Loans expands its presence, adding a new branch to...
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New Foreclosure And REO Auction Platform Launches
May 23rd, 9:43am
ServiceLink, a national provider of transaction services to the mortgage and finance industries and the largest provider of integrated services...
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Treasury Secretary Mnuchin expresses support for Trump Budget Proposal
May 23rd, 9:11am
The president released his official full budget, and Treasury Secretary Steven Mnuchin expressed his full support. The secretary explains...
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Treasury Secretary Mnuchin: Trump budget will reverse burdensome regulation
May 23rd, 9:11am
The president released his official full budget, and Treasury Secretary Steven Mnuchin expressed his full support. The secretary explains...
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New Home Sales Contract Sharply
May 23rd, 9:08am
US APRIL SINGLE-FAMILY HOME SALES 0.569 MLN UNIT ANN. RATE, (CONS 0.610 MLN) VS MARCH 0.642 MLN UNIT RATE (PREV 0.621 MLN) US APRIL...
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New Home Sales Contract Sharply in April
May 23rd, 9:08am
Posted To: MND NewsWireSales of newly constructed homes lost momentum in April, reversing three straight months of gains. The Census Bureau and...
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HMDA Training; Misc. Updates on Policies, Documentation, and Underwriting
May 23rd, 9:01am
Posted To: Pipeline PressI do my best to group updates to create a narrative that is more "user friendly" than to just throw news out there. But...
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MBS Day Ahead: Bonds Stalled Despite Stocks. What Are They Waiting For?
May 23rd, 8:45am
Posted To: MBS CommentaryAlthough yields have risen modestly over the past 3 trading session, they've done so from the best levels in more...
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Bond market warning? A closely watched economic indicator just hit a postelection low
May 23rd, 8:00am
The spread between long-term yields and short-term yields has collapsed recently. Here's why that matters....Read More
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In Home Capital's Mortgage Mess, Blame the 'Unlucky' Brokers
May 23rd, 7:46am
In Home Capital's Mortgage Mess, Blame the 'Unlucky' Brokers Bloomberg Home Capital's troubles started with...
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The New Mortgage Landscape
May 22nd, 5:58pm
As banks have been under heavy regulatory scrutiny since the financial crisis, smaller non-banks have gained market share through technological...
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Report: CFPB Treating Ocwen Unfairly
May 22nd, 5:25pm
A new report suggests that the Consumer Financial Protection Bureau has been treating Ocwen Financial Corp. too harshly.Last month, the CFPB...
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Court of Appeals set to hear landmark challenge to CFPB constitutionality
May 22nd, 4:34pm
The Consumer Financial Protection Bureau’s moment of truth (in the courtroom, at least) is coming this week as the full Court of...
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Consumer survey: Voters say CFPB should be run by a bipartisan commission
May 22nd, 4:26pm
The highly contested leadership structure of the Consumer Financial Protection Bureau should be a bipartisan commission if it was up to...
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MSRs on Over $2 Bil in GSE Loans Being Auctioned
May 22nd, 4:24pm
Bids are being taken for mortgage servicing rights on more than $2 billion in loans with a Golden State concentration that are backed or owned by...
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MBS RECAP: Unofficial 3rd Day of The Weekend
May 22nd, 4:08pm
Today was super slow for bond markets with 10yr yields holding under the same ceiling that was in place on Friday (2.25+). At the same...
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Where are building permits keeping up with housing demand?
May 22nd, 4:08pm
An interactive tool from NAR shows the need for new housing in different counties across the U.S. compared to the number of new building...
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Fidelity National Financial acquires Hudson & Marshall
May 22nd, 4:06pm
ServiceLink, the provider of transaction services to the mortgage and finance industries, is getting into the auction business thanks to...
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Low and Sideways, Mortgage Rates Play Waiting Game
May 22nd, 3:39pm
Posted To: Mortgage Rate WatchMortgage rates were slightly higher for the 3rd straight day, continuing a modest bounce back from the year's lowest...
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Variety of Topics Covered at Mortgage Events
May 22nd, 3:21pm
Digital loans, mortgage litigation and regulation, and non-performing notes are among several topics being covered at upcoming mortgage-related...
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As foreclosure well runs dry, investors look to new builds
May 22nd, 2:44pm
Build-to-rent homes continue to gain traction among builders and investors. As foreclosures continue to dwindle, many investors are...
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Embrace Home Loans adds new branch in Washington D.C.
May 22nd, 2:36pm
Embrace Home Loans announced it added a new branch in Washington D.C. in order to accommodate and connect with more buyers in the area....
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Why Millennials Are (Partly) to Blame for the Housing Shortage
May 22nd, 2:25pm
The rush of young people to U.S. cities over the past few years is partly to blame for America's worsening housing shortage. The post Why...
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Financial Services Roundtable selects Anthony Cimino as head of government affairs
May 22nd, 2:17pm
“FSR looks forward to having him at the helm as we look to modernize the financial regulatory system in a way that helps grow the...
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Bond Bulls Get the Most Hedge-Fund Support Since 2007 - Bloomberg
May 22nd, 1:25pm
Bloomberg Bond Bulls Get the Most Hedge-Fund Support Since 2007 Bloomberg A buildup in risk across the globe is getting too big for U.S. bond...
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Former JPMorgan Chase loan officer pleads guilty for $33 million mortgage fraud scheme
May 22nd, 12:04pm
A former senior loan officer at JPMorgan Chase Bank admitted in court last week that he took part in a massive mortgage fraud scheme...
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Lack of housing construction leaving downtown overcrowded
May 22nd, 11:57am
More Americans want to live downtown, but the problem is there simply isn’t enough room for everyone. So who can afford to live...
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California apartment complex to pay $20,000 for discrimination allegations
May 22nd, 11:55am
After being accused on several fronts for discriminatory acts against Latinos and families with children, the owners of a California...
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Stolen Freddie, VA Employees' IDs Lead to Prison
May 22nd, 11:34am
A Maryland woman will serve time for fraudulently using personal information of employees at the Federal Home Loan Mortgage Corp. and Department...
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Fed's Kaplan backs view for two more rate hikes this year
May 22nd, 11:09am
Dallas Fed President Rob Kaplan said Monday two more rate hikes this year is still his baseline forecast for 2017....Read More
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Supreme Lending expands territory in Southwest
May 22nd, 10:50am
Supreme Lending is opening a new branch in Denver, Colorado, as it expands its territory in the Southwest region. And this isn’t the...
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Merrill: "Revising down our inflation forecasts"
May 22nd, 10:37am
A few excerpts from a Merrill Lynch research note: Revising down our inflation forecasts After two consecutive disappointing CPI reports, it is...
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DIMONT Adds Auto Finance Industry Veteran
May 22nd, 10:28am
DIMONT, a provider of insurance claims adjusting and collateral loss mitigation services to the residential mortgage and auto lending industries,...
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Flynn To Take The 5th, Refuses To Turn Over Documents To Senate Panel
May 22nd, 10:25am
The fired national security adviser is refusing to turn over documents to the Senate Intelligence Committee, which is investigating possible ties...
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Supreme Lending Expands Its Southwest Presence
May 22nd, 10:22am
Supreme Lending, a nationwide mortgage lender, has expanded its Southwest territory with an additional branch in the Denver, Colorado market....
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The Fed has been very data dependent and sensitive in the way it acts: Expert
May 22nd, 10:08am
John Stoltzfuls, Oppenheimer, and Anthony Chan,...
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Strategist: Fed will become more pragmatic
May 22nd, 8:33am
Discussing the role of the Federal Reserve and the...
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MBS Day Ahead: Bonds Hoping For More Political Drama
May 22nd, 8:32am
Posted To: MBS CommentaryLast week was characterized by one big day of volume and volatility surrounding the apparently scandalous and sensational...
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Lack of Workers, Not Work, Weighs on the Nation's Economy
May 22nd, 8:31am
In Utah, the 3.1 percent jobless rate has helped drive up wages, and the biggest problem is no longer a dearth of jobs but of people to do...
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Lender Expansion; FHA, VA; Households Moving Toward Buying
May 22nd, 7:53am
Posted To: Pipeline PressI recently heard a CEO say, “I am fine competing on product, price, and service. But we shouldn’t have to...
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US Treasurys mixed as bond investors eye Fed speeches, US politics
May 22nd, 7:39am
U.S. government debt prices were relatively flat on Monday as President Donald Trump tours the Middle East on his first foreign trip....Read More
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Monday Morning Cup of Coffee: HUD budget shows cuts still run deep
May 21st, 11:01pm
The draft of HUD’s proposed 2018 budget calls for “increased responsibility on state and local governments and calls for the private...
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CBO: Here's how much money Financial CHOICE will save the country
May 19th, 5:07pm
The results are in. The House Committee on Financial Services ordered the Congressional Budget Office, a nonpartisan analysis for the...
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Bank of America settles lending discrimination claims brought by National Fair Housing Alliance
May 19th, 4:50pm
Bank of America will contribute more than $400,000 towards fair housing efforts in South Carolina and nationwide as the result of a...
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Rep. Barr reintroduces act to make CFPB spending accountable to Congress
May 19th, 4:20pm
Rep. Andy Barr, R-Ky., reintroduced the Taking Account of Bureaucrats’ Spending Act on Friday in attempts to make the budget of the...
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Want to buy a home at the start of your career? Get one of these 10 college degrees
May 19th, 3:58pm
A new report from realtor.com shows which degrees are best for homeownership, and one degree stands out above the rest with the fastest...
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Maryland woman gets 5+ years for widespread identity theft of Freddie Mac employees
May 19th, 3:54pm
A Maryland woman will spend more than the next five years in federal prison after being convicted of stealing the identities of more than...
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VA Clarifies Appraisal Requirements
May 19th, 3:48pm
The Department of Veterans Affairs has clarified its appraisal requirements on loans secured by properties located in rural areas.In its lender...
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Embrace Home Loans Sponsors Charity Event
May 19th, 3:25pm
Embrace Home Loans is sponsoring the 5th Annual PinkTie.Org 2017 event on Monday, May 22, at The Crest Hollow Country Club in Woodbury, NY....
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Can Hispanic homeownership finally boom under the Trump administration?
May 19th, 3:19pm
The current administration’s policies could be the best thing that could happen for Hispanics working toward homeownership. While other...
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The Mortgage Collaborative And LendingQB Partner
May 19th, 3:18pm
The Mortgage Collaborative, an independent mortgage cooperative, serving a membership of 105 lender members, with an aggregate annual origination...
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Ginnie's Monthly MBS Issuance Rises
May 19th, 2:52pm
Monthly securitizations at the Government National Mortgage Association bounced off the one-year low experienced in March. The book of business...
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The 20 most expensive zip codes for renters in America
May 19th, 2:19pm
16 of them are in Manhattan....Read More
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Market's 'Trump bump' turns to 'Trump slump'
May 19th, 2:12pm
CNBC's Steve Liesman reports the latest on the...
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Strategist: The biggest 'enemy' to the market
May 19th, 2:11pm
John Stoltzfus of Oppenheimer tells CNBC's...
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Congressman: It's really hard to get tax reform done to begin with
May 19th, 2:11pm
Rep. John Delaney, Democratic congressman from...
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Mortgage Rates Higher, Volatility Looms
May 19th, 2:00pm
Mortgage ratescontinued higherfor the 2nd straight day after hitting the lowest levels in more than 7 months earlier this week....
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[Video] BofA CEO: Introduction of standard 10% down payment would increase homeownership
May 19th, 1:13pm
As of late, lenders are focusing a lot more on changing the mindset behind the supposed 20% down payment requirement in order to help...
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[Video] BofA CEO: Introduction of standard 10% down payment mortgage would increase homeownership
May 19th, 1:13pm
As of late, lenders are focusing a lot more on changing the mindset behind the supposed 20% down payment requirement in order to help...
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CIVIC Financial Services names Merced Cohen director of operations
May 19th, 1:06pm
“I’ve had the pleasure of working with Merced for more than a decade, and her creative approach to operations, inspirational...
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Mortgage Business Jumps, Jumbo Soars
May 19th, 12:41pm
New mortgage business took a giant leap following Mothers Day. Although jumbo rates deteriorated, new jumbo activity doubled during the latest...
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Merrill: "Will it be a summer break for the Fed?"
May 19th, 12:23pm
A few excerpts from a Merrill Lynch research piece: Will it be a summer break for the Fed? The US stock market witnessed its biggest sell-off of...
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Hirings Planned for New Movement Mortgage Office
May 19th, 11:55am
Hundreds of new jobs are expected to be added at Movement Mortgage LLC as a result of the opening of a new facility in Virginia.The Indian Land,...
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Watchdog: The CFPB fails to properly secure confidential enforcement information
May 19th, 11:55am
The Consumer Financial Protection Bureau’s Office of Enforcement fails to properly secure sensitive, confidential information, leaving...
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Owning a home is within reach - but certain kinds of renters don't care
May 19th, 11:55am
With rising home prices, many Americans struggle to buy a home. For others, however, homeownership is within reach, they simply don’t...
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The Fed: Fed minutes may quell fresh doubts about a June rate hike
May 19th, 11:45am
Minutes of the Fed's May 2-3 meeting are likely to put an end to doubts about a June interest rate hike....Read More
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Movement Mortgage opens new operations center in Virginia
May 19th, 11:20am
Movement Mortgage may be less than 10 years old, but its imprint on the housing finance market continues to grow. In its latest venture,...
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Former Chase Mortgage Originator Pleads Guilty
May 19th, 11:17am
A guilty plea has been made by a former mortgage loan originator at JPMorgan Chase & Co. who is accused of causing more than $30 million in...
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We think the Fed will continue to raise rates, although gradually: Experts
May 19th, 10:31am
David Kelly, chief global strategist at JPMorgan,...
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Ellie Mae: Closing time on a mortgage keeps getting faster
May 19th, 9:44am
Time to close slipped for the third consecutive month, continuing to drop as the housing market moves away from refinance and toward...
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BLS: Unemployment Rates Lower in 10 states in April, Three States at New Series Lows
May 19th, 9:38am
From the BLS: Regional and State Employment and Unemployment Summary Unemployment rates were lower in April in 10 states , higher in 1 state, and...
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Wells and Freddie Team Up; Bank and CU News; What is Chase doing?
May 19th, 8:33am
Posted To: Pipeline PressFor me this week included time in Salt Lake City, Columbus, Milwaukee, San Francisco, and Raleigh. (The mood is good as...
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St. Louis Fed's Bullard says expected rate hikes 'too aggressive'
May 19th, 8:21am
The Fed is expected to raise rates at its June policy-setting meeting, and will release fresh economic projections at that time....Read More
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MBS Day Ahead: Levels to Watch; Hoping For Calm
May 19th, 8:11am
If bonds hadn't undergone their highest volume move of the year on Wednesday and Thursday, we would have expected this week to be relatively...
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Watt Says GSE Reform Differs from Housing Finance Reform
May 19th, 7:46am
The status of the GSE's (Fannie Mae and Freddie Mac), as well as the topic of housing finance reform continue to be "hot," according to Melvin L....
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BofA opens debate on lowering mortgage down payments
May 19th, 7:39am
(Reuters) - The head of Bank of America Corp , the United State's fourth-biggest mortgage lender, said on Thursday banks would be able to supply a...
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Custom Home Building Market Growth Slows
May 19th, 7:39am
NAHB's analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates a slowing of the growth rate for...
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MBS RECAP: Bonds Holding Week's Big Gains For Now
May 18th, 6:03pm
Posted To: MBS CommentaryIt could have been a lot worse! That's a great theme for today's bond market action. Yesterday was the kind of...
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Mortgage Rates Rise Gently From 7-Month Lows
May 18th, 5:29pm
Posted To: Mortgage Rate WatchFinancial markets are still reeling from political headlines that first began circulating on Tuesday afternoon....
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Mortgage Rates Down, Further Retreat Likely
May 18th, 5:26pm
The past week saw a decline in interest rates on residential loans. The outlook for the next seven days is for an even bigger reduction in...
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New York unveils $20 billion plan to fight homelessness, boost affordable housing
May 18th, 5:12pm
New York is taking homelessness and the state’s lack of affordable housing head-on with an ambitious new program announced Thursday by...
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Genworth: First-time homebuyers just don't understand down payments
May 18th, 4:22pm
A new survey of mortgage industry executives from Genworth Mortgage Insurance breaks down what the industry believes is blocking new...
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Mnuchin May Face Fight With Watt Over Fannie-Freddie Dividends
May 18th, 4:12pm
Bloomberg Mnuchin May Face Fight With Watt Over Fannie-Freddie Dividends Bloomberg Steven Mnuchin, U.S. Treasury secretary, arrives to testify...
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Wells Fargo Ending Renovation Mortgages
May 18th, 4:04pm
Wells Fargo & Co.'s home lending unit will no longer offer renovation mortgage products due to the complexity and risk of the loans.Wells...
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Americans fall deeper into debt than ever before [Charts]
May 18th, 3:48pm
Americans are taking on more debt than ever before as it just surpassed its 2008 peak. After nine years, debt levels recovered from the...
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Texas Homeowners Held Hostage By Lobbyists
May 18th, 1:52pm
Aaron Anderson, CEO of Accumatch, a provider of property tax tracking services for non-escrowed loans, tax reporting and payment services for...
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Sudden dollar jump
May 18th, 1:44pm
CNBC's Morgan Brennan reports the latest on...
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Sacramento Housing in April: Sales down 3%, Active Inventory down 16% YoY
May 18th, 1:42pm
During the recession, I started following the Sacramento market to look for changes in the mix of houses sold (equity, REOs, and short sales). For...
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Tax Reform Could Deliver a Tax Hike for Homeowners: New Research
May 18th, 1:42pm
WASHINGTON (May 18, 2017) – While tax reform proposals swirling around Washington, D.C., promise lower tax bills for American...
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FHFA's Watt reiterates true housing finance reform depends on Congress
May 18th, 1:42pm
Federal Housing Finance Agency Director Mel Watt on Thursday reiterated that while the agency has been engaged in reforms of government-sponsored...
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Castle & Cooke Mortgage Opens CT Branch
May 18th, 1:28pm
Castle & Cooke Mortgage, an independent mortgage lenders with locations across the U.S., announced the opening of its Danielson, Connecticut...
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NAR: Existing home sales will see best year since 2006
May 18th, 1:23pm
As prices go up, existing home sales are on track to hit the highest sales pace since 2006, a new forecast from NAR shows. However, the...
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Staff Up Despite Drop in Movement Mortgage Fundings
May 18th, 1:14pm
Movement Mortgage LLC saw a decline in quarterly home lending volume, though less than at many of its peers. Still, the company managed to...
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FHFA's Watt reiterates that housing finance reform must come from Congress
May 18th, 1:13pm
On Thursday, while Department of the Treasury Secretary Steven Mnuchin told members of the Senate about the Trump administration’s...
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Mortgage data isn't secure: Here's why and how to fix it
May 18th, 12:00pm
The mortgage market suffers from a security dichotomy — haves vs. have-nots. The biggest players boast well-advanced security and...
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CFPB and FTC confirm scrutiny of ancillary products
May 18th, 11:49am
At the Auto Finance Risk and Compliance Summit held this week, Calvin Hagins, CFPB Deputy Assistant Director for Originations, stated that the...
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Senate Leader Mitch McConnell skeptical of Dodd-Frank reform
May 18th, 11:49am
In a recent Bloomberg interview, Senate Majority Leader Mitch McConnell expressed skepticism about the Senate’s ability to pass...
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House oversight panel chairman Chaffetz reportedly planning to depart Congress June 30
May 18th, 11:49am
Chaffetz is expected to announce on Thursday that he will depart Congress on June 30, Politico reported....Read More
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NAR Midyear Forecast: Existing-Home Sales Poised to Climb 3.5 Percent in 2017
May 18th, 11:49am
WASHINGTON (May 18, 2017) – The multi-year stretch of robust job gains along with improving household confidence are expected to guide...
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JMAC Lending hires Michael Falce as VP of correspondent lending
May 18th, 11:42am
Falce will be responsible for building the California-based company’s delegated and non-delegated correspondent business and expanding...
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Mortgage Consortium Targeting Realtors, Builders
May 18th, 11:38am
A new consortium-style joint venture is making it easy for real estate brokerages and home builders to get into the home financing...
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Fitch Ratings to servicers: It's imperative you maintain robust IT security
May 18th, 11:27am
The massive amount of data and money that passes through the mortgage finance industry makes it extremely susceptible to attacks from...
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Freddie Mac selling off $292 million in previously modified loans
May 18th, 11:17am
Freddie Mac announced Thursday that it intends to sell off approximately $292 million in previously modified loans from its investment...
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Treasury Secretary Mnuchin: Expect GSEs to continue paying dividend
May 18th, 11:07am
Treasury Secretary Steven Mnuchin addressed the Senate Committee on Banking, Housing and Urban Affairs on the future of housing reform....
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Mnuchin: We need to fix Fannie and Freddie
May 18th, 10:46am
Treasury Secretary Steven Mnuchin testifies before...
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Refis Actually Did More Damage During The Housing Crisis -UI
May 18th, 10:45am
Conventional wisdom, the lending version, holds that refinance loans are inherently less risky than purchase loans, but a recent analysis from the...
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Washington ‘dysfunction' won't stop Fed from hiking interest
May 18th, 10:25am
The Federal Reserve is still expected to raise interest rates next month despite the scandals in the White House, economists say....Read More
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Mnuchin says he expects Fannie, Freddie to continue to pay dividends
May 18th, 10:24am
WASHINGTON (MarketWatch) -- Treasury Secretary Steven Mnuchin said Thursday he expects Fannie Mae and Freddie Mac to continue to pay its dividends...
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Purchases Increase, Pull-Through Declines -EllieMae
May 18th, 10:06am
The average period necessary to close a mortgage shortened again in April, dwindling by another day from the March timeline to 42 days. This...
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Household Debt Tops Pre-Recession Level
May 18th, 9:57am
Posted To: MND NewsWireThis may, or may not be a cause for celebration. The New York Federal Reserve Bank, using credit data from Equifax, reports...
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Mnuchin: Housing finance reform a 'priority' for Trump White House
May 18th, 9:37am
Treasury Secretary Steven Mnuchin said Thursday housing finance reform will be a top "priority" for the Trump administration....Read More
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UBS modifies Fed calls, sees next rate hike in June
May 18th, 9:36am
UBS economists are now penciling in a rate hike by the Federal Reserve in June, followed by one in September, the firm said in a note...
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7 line items that pad the costs of selling your home
May 18th, 9:36am
The average homeowner spends more than $15,000 to sell a property, according to Zillow. Here's what to watch out for....Read More
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Weekly jobless claims down 4K to 232K
May 18th, 9:26am
CNBC's Rick Santelli reports the latest read on...
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Stocks attempting rebound from sell-off
May 18th, 9:26am
CNBC's Bob Pisani looks ahead at the day's...
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Mortgage Rates Edge Down
May 18th, 9:11am
Mortgage Rates Edge Down...Read More
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Freddie Mac: Mortgage rate decrease expected to continue
May 18th, 9:11am
Mortgage rates saw a slight dip this week, hovering just above the 4% market. However, the decrease is not over yet, and will continue...
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Fannie and Freddie News; MERS/HMDA update; Politics and Rates
May 18th, 8:57am
Imagine being able to keep the money you earn!? Per Mr. Mel Watt,Fannie & Freddie might have to keep their profits to avoid rescue. Mr....
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MBS Day Ahead: Rally Intact But At Risk For a Bounce
May 18th, 8:13am
I can't emphasize this enough: when bond markets have a day like they had yesterday, it's often followed shortly thereafter by a correction....
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Weekly Initial Unemployment Claims decrease to 232,000
May 18th, 7:46am
The DOL reported : In the week ending May 13, the advance figure for seasonally adjusted initial claims was 232,000, a decrease of 4,000 from the...
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Townhouse Construction Growth Slowed at Start of 2017
May 18th, 7:44am
According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction starts continued...
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Wall Street is under pressure for the second straight session on Trump concerns
May 18th, 7:43am
Global stock markets were lower this morning after the next turn in the chaos facing President Donald Trump's White House....Read More
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12 Cities Where Homebuyers Really Need a 20% Down Payment
May 18th, 7:36am
Here's a look at the 12 cities where the number of affordable homes increases the most when buyers have a 20% down payment rather than only...
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ABA Critical of HMDA Rule in Comments to Treasury Secretary
May 18th, 7:35am
Based on the President's executive order 13772 on The Core Principles for Regulating the United States Financial System, the American Bankers...
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Agency Kickback Mortgages for Sale
May 17th, 6:13pm
Investors have only a couple days to bid on a dozen or so residential loans that were underwritten to agency standards but kicked back.A large...
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New cryptocurrency cyber attack appears to be underway
May 17th, 6:01pm
Only days after the world stabilized from the WannaCry ransomware attack, experts say there is already another large cyber attack...
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$89 Million Settlement for Former IndyMac Unit
May 17th, 5:43pm
The former reverse mortgage lending unit of failed IndyMac Bank FSB has agreed to a government settlement that will cost it $89 million.Former...
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Long Island community with Nazi-linked past ordered to end housing discrimination
May 17th, 4:53pm
A Long Island community with a history of connections to the Nazi Party must end its practice of only allowing whites of German heritage...
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Freddie Expands Reps and Warranty Relief
May 17th, 4:38pm
The Federal Home Loan Mortgage Corp. has expanded the pool of loans that are eligible for its collateral representation and warranty relief.On...
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MBS RECAP: Game-Changing Rally or Massive Head-Fake
May 17th, 4:32pm
Posted To: MBS CommentaryToday will either go down as a game-changing rally in the course of bond traders' decision making process for 2017,...
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[Video] SoFi CEO on growing appeal of the fintech model
May 17th, 4:10pm
SoFi managed to be one of only two housing finance-related companies on CNBC’s fifth annual Disrupter 50 list. CNBC described its list...
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Rates Respond to Political Scandal by Plummeting to 2017 Lows
May 17th, 4:06pm
Posted To: Mortgage Rate WatchMortgage rates surged significantly lower today, as a part of a broad-based market movement following a political...
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TransUnion: Americans will stop paying mortgage before car payment, other loans
May 17th, 3:53pm
When it comes to paying their debts in a time of financial distress, Americans have higher priorities than paying their mortgage. A new...
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Warren, Lankford lead bipartisan effort to shine light on government settlements
May 17th, 3:41pm
For the third time in the last four years, Sen. Elizabeth Warren, D-Mass., is leading a bipartisan push to shed some light on how the...
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Millennials As Real Estate Appraisers?
May 17th, 3:37pm
While the average age of people in the home valuation field is north of 50, there are some features to the appraiser profession that might be...
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National MI To Host Mortgage Leadership Roundtable
May 17th, 3:32pm
industry experts will gather to discuss the current state of the mortgage industry at the New England Mortgage Leadership Roundtable on June 14,...
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Purchase Loans Represent 65% Of Total Loans
May 17th, 3:24pm
Home loans for purchases continued to gain momentum in April, representing 65 percent of total loans, according to the latest Origination Insight...
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Treasury Secretary Mnuchin to address Senate Banking Committee on GSE reform
May 17th, 2:15pm
Treasury Secretary Steven Mnuchin is scheduled to appear before the Senate Committee on Banking, Housing and Urban Affairs. Reportedly,...
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Real estate CEO: Record low housing inventory is 'freaking us out'
May 17th, 2:04pm
As inventory drops to the lowest levels in years, Redfin's CEO says the market is getting rocked....Read More
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Lawler: Early Read on Existing Home Sales in April
May 17th, 2:04pm
From housing economist Tom Lawler: Based on publicly available state and local realtor/MLS reports released through today, I project that US...
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Bernanke: Always ‘puzzled' by way markets ignore political risk u
May 17th, 2:04pm
Former Federal Reserve Chairman Ben Bernanks says there is nothing new about markets ignoring political turmoil until the last moment. He's also...
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Bernanke on stability of White House: 'A reasonable concern'
May 17th, 2:03pm
All the drama in Washington is even rattling Ben Bernanke....Read More
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Household debt surpasses 2008 peak: NY Fed
May 17th, 2:00pm
CNBC's Steve Liesman reports on the household...
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Expert: Today's move 'no big deal'
May 17th, 2:00pm
Steve Odland, Committee of Economic Development...
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Bond Pricing Chats Are at Heart of U.S. Case Against Traders
May 17th, 1:58pm
Bloomberg Bond Pricing Chats Are at Heart of U.S. Case Against Traders Bloomberg U.S. prosecutors working to convict three former Nomura Holdings...
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Churchill Mortgage Originations, Staffing Down
May 17th, 1:55pm
As quarterly home lending activity slowed at Churchill Mortgage Corp., the size of the mortgage-banking firm's staff was reduced.The Brentwood,...
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Everyone is convinced CFPB Director Cordray will run for Ohio governor
May 17th, 1:36pm
As quickly as rumors started to spread that President Donald Trump should fire Consumer Financial Protection Bureau Director Cordray, so...
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Mortgage Turn Times Improve as Refi Share Drops
May 17th, 1:20pm
As the refinance share of mortgage originations continues to deflate, the amount of time it takes to process a loan from application to closing...
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Volatility index hits highest level since April
May 17th, 12:10pm
Erin Browne, head of macro global investments at...
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FirstClose names Jorge Ponce director of business development
May 17th, 12:10pm
"With his experience and background in the credit union space, Jorge will deliver exceptional results to our financial institution...
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Senate Intelligence Committee asks Comey to appear before the panel in public and closed sessions
May 17th, 12:08pm
The U.S. Senate Intelligence Committee has asked James Comey to appear before the panel in both public and closed sessions....Read More
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Fed's Rate-Hike Odds Tumble After Washington Chaos Hits Bond Market
May 17th, 12:07pm
Bloomberg Fed's Rate-Hike Odds Tumble After Washington Chaos Hits Bond Market Bloomberg The bond market is interpreting what could be the...
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McConnell throws cold water on Republican Dodd-Frank repeal efforts
May 17th, 11:36am
The Financial CHOICE Act, the Republican-crafted replacement for the Dodd-Frank Wall Street Reform and Consumer Protection Act, may enjoy...
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Turmoil in Washington sends Dow plummeting
May 17th, 11:35am
This week’s scandals in Washington finally caught up with the financial market, sending the Dow plummeting with a drop of more than 250...
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NY Fed: Q1 household debt surpasses '08 peak at $12.7T
May 17th, 11:30am
CNBC's Steve Liesman reports the latest from...
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LendingHome receives Fannie Mae seller and servicer approval
May 17th, 11:17am
LendingHome announced it received Fannie Mae seller and servicer approval. The news allows the company to expand its consumer home...
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Refis Lead Weekly Mortgage Applications Lower
May 17th, 11:00am
Prospective mortgage borrowers turned their attention away from home financing to Mothers Day as refinance applications led a drop in overall...
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New home sizes continue to shrink
May 17th, 9:55am
Home sizes continue to shrink at the start of 2017. During the first quarter, both the median and average home prices decreased,...
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Financials tumble in biggest one-day drop in April as political uncertainty weighs
May 17th, 9:47am
Shares of financial companies dropped on Wednesday, leading the overall market's decline as political turmoil intensified, weighing on investor...
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Judge says he may reject parts of Wells Fargo accounts settlement
May 17th, 9:45am
(Reuters) - A federal judge signaled that he may reject parts of Wells Fargo & Co's proposed $142 million settlement with customers for whom...
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Bond Report: Treasury yields sink as Trump FBI controversy intensifies
May 17th, 9:00am
Treasury yields slip Wednesday as geopolitical jitters linger from President Donald Trump's dismissal of the former Federal Bureau of...
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HARP Still Helping Underwater Homeowners
May 17th, 8:53am
Posted To: MND NewsWireThe Home Affordable Refinance Program or HARP may be in its waning days, but is still being used by underwater homeowners ....
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Groundhog Quarter?
May 17th, 8:40am
Posted To: MND NewsWireFannie Mae's Economic and Strategic Research Team had as a headline for its May forecast, It's Dj Vu All...
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MBS Day Ahead: New Day Dawns for Bonds as Trump Scandal Takes Spotlight
May 17th, 8:01am
Posted To: MBS CommentaryI hate politics and talking about political issues with anyone, ever, unless they have a clear and specific impact on...
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New Single-Family Home Size Continues to Trend Down
May 17th, 7:57am
After increasing and leveling off in recent years, new single-family home size continued along a general trend of decreasing size during the start...
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Volcker Rule; Government Lending; Future of FICO
May 17th, 7:51am
Posted To: Pipeline PressA Bank Director survey of bank directors, execs, and HR officers finds the top compensation challenges last year were, in...
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Refinance Application Share Hits Nine-Year Low
May 17th, 7:38am
The Mortgage Bankers Association (MBA) said today that mortgage applications were down across the board during the week ended May 12, with...
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MBA: Mortgage applications drop back down
May 17th, 6:05am
Mortgage applications dropped in the Mortgage Bankers Association’s latest survey. The decline follows a recent seesaw in mortgage...
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MBS RECAP: Bonds Still Confirming The Move; Tomorrow Could Be Crazy
May 16th, 7:37pm
Posted To: MBS CommentaryThe week began in slow fashion yesterday both in terms of volume and volatility. That largely remained the case in the...
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Fannie Raises Origination Forecast for 3 Years
May 16th, 6:53pm
Fannie Mae economists have increased their estimates of home purchase financing for last year, this year and next year. Even last year's estimated...
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Former Ditech President Named CEO of Stearns
May 16th, 5:32pm
Stearns Lending LLC's chief executive officer is stepping down. A former Walter Investment Management Corp. executive is stepping in.The Santa...
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Goldman Sachs: No bubble for U.S. home prices. But what about other developed nations?
May 16th, 4:49pm
Home prices continue to rise in the highly-competitive market in the U.S., but how do we stack up internationally? As it turns out, while...
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You've been warned: CFPB puts real estate agents, lenders on RESPA violation watch
May 16th, 4:15pm
RESPA — the Real Estate Settlement Procedures Act — is a current buzzword in the housing industry with an increased scrutiny from the...
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You've been warned: CFPB puts Realtors/Lenders on RESPA violation watch
May 16th, 4:15pm
RESPA — the Real Estate Settlement Procedures Act — is a current buzzword in the housing industry with an increased scrutiny from the...
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You've been warned: CFPB puts Realtors, lenders on RESPA violation watch
May 16th, 4:15pm
RESPA — the Real Estate Settlement Procedures Act — is a current buzzword in the housing industry with an increased scrutiny from the...
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Fannie, Freddie Refinances Sink to 13-Month Low
May 16th, 4:05pm
Monthly refinances of government-sponsored enterprise single-family mortgages plummeted to the lowest volume in more than a year.An analysis of...
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Mnuchin's OneWest subsidiary agrees to $89M settlement for reverse mortgage violations
May 16th, 3:50pm
Treasury Secretary Steven Mnuchin may be done with the OneWest Bank and its subsidiary, Financial Freedom. But it appears that another...
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Malicious Emails Sent to Stolen DocuSign Addresses
May 16th, 3:15pm
Customers of a mortgage document management company are being warned about fraudulent emails with links that can infect users' computers.DocuSign...
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Home Loan Delinquency Down, 10-Yr Low Foreclosures
May 16th, 1:55pm
Quarterly single-family mortgage delinquency, including on government loans, has improved, and the foreclosure rate is the lowest in a...
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Mortgage Rates Back at 2-Week Lows
May 16th, 1:50pm
Compared to yesterday, mortgage ratesare either a little bit higher or lower depending on the lender at the moment. On average,...
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Fannie Mae: Consumer spending growth to pick up in Q2
May 16th, 1:39pm
Despite the slowdown in economic growth in the first quarter, Fannie Mae remained unchanged in its economic growth forecast, saying...
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Santelli Exchange: Fund flows and the economy
May 16th, 1:25pm
Informa TrimTabs' Charles Biderman &...
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What Slowing New Home Construction Means for the Housing Market
May 16th, 1:18pm
In a not-so-good sign for the housing market, permits to build new new homes, the amount of construction started and the number of homes completed...
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Home builders are targeting millennials — but it will hit their margins
May 16th, 1:18pm
The largest generation is finally starting to buy houses. The trouble is, there aren't enough houses for sale to feed their...
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New Way to Short Home Loans May Give a Boost to Mortgage-Bond Market
May 16th, 1:17pm
Bloomberg New Way to Short Home Loans May Give a Boost to Mortgage-Bond Market Bloomberg A new product that would allow investors to short U.S....
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Expanded Freddie Mac AIMI(SM) Shows Seasonal Slowdown; Continued Strength of Multifamily Market
May 16th, 1:17pm
Expanded Freddie Mac AIMI(SM) Shows Seasonal Slowdown; Continued Strength of Multifamily Market...Read More
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Tech startup that matches buyers, sellers with real estate agents raises $27 million
May 16th, 1:17pm
An Austin, Texas-based real estate startup that claims its technology can match qualified homebuyers and sellers with real estate agents...
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Trulia: Here's the impact of Trump's tax reform plan on the housing market
May 16th, 1:16pm
President Donald Trump’s tax reform plan revealed at the end of April will not severely disrupt the health of the housing market. Even...
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NE Leads Monthly Drop in Permits, New Construction
May 16th, 12:30pm
Month-over-month weakness in the pace of building permits and completed construction was led by the Northeast. But national activity rose from a...
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Hackers reportedly steal "millions" of email addresses from DocuSign
May 16th, 11:47am
Beware Real Estate Agents and Mortgage professionals. DocuSign confirmed on Tuesday that a malicious third party gained temporary access...
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Experts: New home starts create bottleneck to economic recovery
May 16th, 11:20am
Housing starts dropped in April, and economists explain the severe consequences this has on the housing market and the economy. One...
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Homeowners keep getting better at paying their mortgage
May 16th, 11:09am
Consumers are steadily getting better at paying their mortgage with fewer and fewer loans moving into the foreclosure process. Two recent...
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Stearns Lending CEO Brian Hale steps down
May 16th, 10:45am
Over the last the last few years, Stearns Lending saw its mortgage origination volume grow from $5.7 billion in 2011 to $26 billion last...
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Democrats in U.S. Senate try to slow Republican deregulation
May 16th, 10:22am
WASHINGTON (Reuters) - Democrats are striking back at the regulation-cutting blitz in the U.S. Congress and White House, as Republicans ratchet up...
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Are you confused by Russia and Trump? Here's everything that happened over the last week
May 16th, 10:22am
A chaotic seven days in the White House started with the abrupt firing of then-FBI Director James Comey....Read More
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The salary you need to afford a home in 20 major US cities
May 16th, 10:22am
In San Francisco, you need to make $215,089....Read More
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MBA: Mortgage Delinquencies Decreased in Q1, Foreclosures Decreased
May 16th, 10:21am
From the MBA: Delinquencies Decline in Latest MBA Mortgage Delinquency Survey The delinquency rate for mortgage loans on one- to four-unit...
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April industrial production up 1.0% vs. 0.4% (est.)
May 16th, 9:52am
CNBC's Rick Santelli reports the latest read on...
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US industrial production rose 1.0% in April vs. 0.4% increase expected
May 16th, 8:45am
U.S. industrial production was forecast to rise 0.3 percent in April, following a 0.5 percent increase a month earlier....Read More
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S&P, Nasdaq open at record intraday highs
May 16th, 8:44am
(Reuters) - The S&P 500 and the Nasdaq opened at record intraday highs on Tuesday, helped by gains in technology and consumer staples...
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April housing starts down 2.6%
May 16th, 8:20am
CNBC's Rick Santelli and Steve Liesman break...
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State-Level Changes; Upcoming Events and Training
May 16th, 8:18am
In compensation news, Merrill Lynch's wealth management unit willdiscontinue signing bonuses for experienced brokersbeginning June 1,...
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New home construction takes a blow in April
May 16th, 8:17am
Following last month’s slowdown in new home construction, April continued the slow movement as building permits fell and housing starts...
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Construction Indicators Fall
May 16th, 8:08am
Posted To: MND NewsWireAll three residential construction measures for April were lower than those in March. The Census Bureau and the Department...
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April Permits, Starts, Slip from March Levels
May 16th, 8:08am
Posted To: MND NewsWireAll three residential construction measures for April were lower than those in March. The Census Bureau and the Department...
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MBS Day Ahead: Sideways Momentum The Risk as Stocks Threaten Breakout
May 16th, 8:06am
Posted To: MBS CommentaryI'll be one of the first to tell you that traditional concept of stock prices moving in the same direction in bond...
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More and More Renters Choosing Suburbs Instead of Cities, Survey Finds
May 16th, 7:38am
Over a five-year period, the suburbs in 20 major U.S. metros increased by 100,000 more renters than their nearby urban cores....Read More
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US housing starts fell 2.6% in April
May 16th, 7:37am
Construction of new homes fell for a second straight month in April, pushing activity to the lowest point in five months....Read More
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Americans' Confidence in Economy at Post-Election Low
May 16th, 7:37am
Gallup's U.S. Economic Confidence Index averaged +2 last week, its lowest score this year. The index is down from a nine-year high of +16 in early...
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MBS RECAP: Slow Start to Week; Still Waiting For Firmer Confirmation
May 15th, 5:55pm
Last week ended with the hope that rates were breaking below the uptrend that had been in place since mid-April. Certainly, if we had...
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Mortgage Rates Mostly Hold Last Week's Gains
May 15th, 5:28pm
Posted To: Mortgage Rate WatchMortgage rates were s teady to slightly higher today, largely maintaining the improvements seen last week....
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What does the renewed CFPB RESPA investigation into Zillow mean for our industry?
May 15th, 5:17pm
With a steady stream of enforcement actions and regulations coming out of the Consumer Financial Protection Bureau over the years, the...
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Philly Suing Wells Fargo
May 15th, 4:57pm
Just two weeks after the Supreme Court weighed in on the matter, the city of Philadelphia is moving forward with a discrimination lawsuit against...
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Democratic committee ranking members urge review of Financial CHOICE Act
May 15th, 4:40pm
Democratic House committee ranking members are working to make sure their respective committees don’t glaze over the Financial CHOICE...
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Flagstar finalizes acquisition of Opes Advisors
May 15th, 4:39pm
Flagstar Bancorp announced Monday that it closed on its acquisition of “certain assets” of Opes Advisors, a full-service mortgage...
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Think Home Prices Are High Now? Why They're Likely to Keep Going Up
May 15th, 4:07pm
Single-family home prices shattered predictions as they rose faster-and higher-than forecasted in the first quarter of the year. The post Think...
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Homeowners doing more renovations, spending more
May 15th, 4:07pm
CNBC's Diana Olick reports the latest read on...
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China, Japan Increase Holdings of U.S. Government Treasuries
May 15th, 4:06pm
Bloomberg China, Japan Increase Holdings of U.S. Government Treasuries Bloomberg Japan and China increased their holdings of U.S. Treasuries as...
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Citizenship applications soar, and that means more potential homeowners
May 15th, 4:02pm
The number of immigrants applying for citizenship jumped to the highest level in four years in 2016, creating new implications for the...
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New York DFS announces expanded use of NMLS
May 15th, 3:55pm
The New York Department of Financial Services (DFS) announced last week that it is migrating the administration of its non-mortgage related...
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Fannie, Freddie cut mortgage modification interest rate for first time in 2017
May 15th, 3:44pm
After four months of leaving the benchmark interest rate for standard mortgage modifications at an 18-month high, Fannie Mae and Freddie...
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Genworth Relaxes M.I. Guidelines
May 15th, 3:25pm
Among other things, Genworth Mortgage Insurance has loosened loan-to-value ratios and jumbo guidelines on some programs.On investment properties,...
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Nomura MBS Traders Charged With Fraud
May 15th, 2:14pm
A pair of mortgage-backed securities traders have been charged by the government of lying to customers to earn more from inflated profits.Separate...
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Safeguard Properties adds two to management team
May 15th, 1:55pm
The field servicer adds Sheilla Lienerth as assistant vice president of client relations and Lisa Nicholas joins as director of finance...
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Philadelphia sues Wells Fargo, alleges predatory lending
May 15th, 1:52pm
(Reuters) - The City of Philadelphia sued Wells Fargo & Co on Monday, accusing the largest U.S. mortgage lender of predatory lending, which...
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Need a mortgage in California? Realtors say you better earn this much money
May 15th, 1:31pm
While it’s only a small improvement, California still managed to record an increase in home affordability. However, a look at different...
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Philadelphia sues Wells Fargo over discriminatory lending
May 15th, 12:49pm
Earlier this month, the Supreme Court ruled that cities have the right to sue banks over discriminatory mortgage lending practices, but...
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Homebuilder confidence soars in May
May 15th, 12:38pm
Builder confidence increased in May, reaching its second highest reading since the housing crisis. This confidence is in spite of the...
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1st Quarter Prices Up in 85 Percent of Metro Areas
May 15th, 12:29pm
The first quarter of 2017 the year saw home prices in large metropolitan areas appreciate at the fastest rate in nearly two years. The...
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Early Q2 GDP Forecasts
May 15th, 12:23pm
From the Altanta Fed: GDPNow The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2017 is 3.6...
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Optimism Bounces Back for Home Builders
May 15th, 11:54am
Following a monthly decline in confidence, the outlook among the country's home builders grew more optimistic. Expectations for the next six...
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Santelli Exchange: Fmr. FDIC Chairman on housing finance reform
May 15th, 11:01am
Former FDIC Chair William Isaac and CNBC's Rick...
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ARMCO Enhances ACES Technology To Support Upcoming HMDA Changes
May 15th, 10:41am
ACES Risk Management (ARMCO), a provider of financial quality control and compliance software, announced that it has upgraded its ACES Audit...
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Docutech Names Amy Brandt As President And COO
May 15th, 10:24am
Docutech has named Amy Brandt as its new President and Chief Operating Officer. In this role, Brandt will be responsible for leading all aspects...
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New Home Purchase Apps Uphold April Downturn Tradition
May 15th, 10:17am
Applications for new home purchase mortgages fell by 19.4 percent on a non-seasonally adjusted basis in April. The Mortgage Bankers Association...
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Builder Confidence Highest Since December
May 15th, 9:33am
Posted To: MND NewsWireBuilder confidence just hit its highest level since December , reaching the second highest level since well before the...
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Builder confidence up, new home mortgage apps down
May 15th, 9:22am
CNBC's Diana Olick reports the latest read on...
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Realtors: Homebuyers flooded housing market in first quarter
May 15th, 9:16am
Home sales increased in the first quarter to the fastest sales rate in a decade. However, as home sales increase, housing inventory is...
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Flagstar CEO Reflects on Bank's Transition
May 15th, 9:01am
In an in-depth interview, the chief executive officer of Flagstar Bancorp talked about how the bank survived the financial crisis and how it...
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Here are 3 ways to help consumers make better home-buying decisions
May 15th, 9:00am
Consumers spend more time selecting a TV than choosing their lender or real estate agent. So what we can do differently in the lending...
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MBS Day Ahead: Hope Remains Alive, But Not Without a Fight
May 15th, 8:22am
Posted To: MBS CommentaryLast Friday represented a potential shift in the recent trend toward higher rates that began in mid-April. 10yr yields...
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NY Fed: Manufacturing Activity "leveled off" in May
May 15th, 8:06am
From the NY Fed: Empire State Manufacturing Survey Business activity leveled off in New York State, according to firms responding to the May 2017...
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Cordray Forges On as CFPB-Weakening Bill Progresses
May 15th, 8:00am
As legislation that would weaken the Consumer Financial Protection Bureau progresses in the House, the head of the bureau continues carrying out...
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FHA/VA Pricing Updates; Down Payment News and Trends
May 15th, 7:56am
Posted To: Pipeline PressEconomists, like royal children are not punished for their errors. Data revision can be a career strategy for some, and...
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Lawmakers Push FHFA To Prevent Sales of Foreclosed Properties
May 15th, 7:29am
Contract for deed firms have come under scrutiny for selling foreclosed properties to low-income families....Read More
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The Shame of the Mortgage-Interest Deduction
May 15th, 7:28am
It might be one of the most important policies in the U.S. economy, but the mortgage-interest deduction sounds esoteric to most people. Perhaps...
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Monday Morning Cup of Coffee: CFPB deepens probe into Zillow for RESPA compliance
May 14th, 11:01pm
Things are heating up in the government and the housing market. The Consumer Financial Protection Bureau is deepening its investigation...
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Mortgage Activity Slows Ahead of Mothers Day
May 12th, 5:52pm
As originators of residential loans headed into the Mothers Day weekend, new business turned lower. The decline was similar among all types of...
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MBS RECAP: Surprisingly Big Impact From Econ Data
May 12th, 5:24pm
Posted To: MBS CommentaryBonds were losing ground clearly and convincingly this week, until this morning's economic data came along. To be...
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Why don't potential homebuyers shop around for their mortgage?
May 12th, 5:13pm
Consumers are used to comparing flights and hotel prices, and yet when it comes to the biggest financial purchase they will ever make,...
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Navy FCU's Mortgage Headcount and Servicing Grow
May 12th, 4:57pm
While home lending slowed atNavy Federal Credit Union, it was off less than the industry as a whole. Mortgage staffing and servicing,...
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Staffing, Servicing Grow at Lake Michigan CU
May 12th, 4:43pm
Despite a drop in quarterly home-lending volume at Lake Michigan Credit Union, the size of the mortgage servicing portfolio and payroll...
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Urban Institute explains real reason for housing crisis
May 12th, 4:38pm
A new study from the Urban Institute shows government policies aimed at increasing first-time buyers were not the cause for the housing...
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Rates Surge Lower After Downbeat Economic Data
May 12th, 4:30pm
Posted To: Mortgage Rate WatchMost of the movement in mortgage rates had been slow, steady, and generally unfriendly in recent weeks. Today was a...
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The top 10 places for first-time homebuyers
May 12th, 3:18pm
CNBC's Diana Olick takes a look at the best...
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The market for $100 million homes
May 12th, 3:18pm
CNBC's Robert Frank takes a look at the booming...
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Retail is facing a historic moment of truth
May 12th, 3:18pm
Retail has reached a tipping point, and it's looking like an uphill battle from here....Read More
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5 Tips for Buyers in a Tight Housing Market
May 12th, 3:15pm
WASHINGTON (May 12, 2017) – When inventory is low, home prices tend to go up. Attempting to purchase a house in this type of market can...
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How Fed Fights Next Downturn Hangs on Smooth Balance-Sheet Exit
May 12th, 3:14pm
Bloomberg How Fed Fights Next Downturn Hangs on Smooth Balance-Sheet Exit Bloomberg Federal Reserve officials intend to start the delicate task of...
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Trump rumored to tap Brian Montgomery to lead FHA
May 12th, 3:06pm
President Donald Trump is reportedly going to tap Brian Montgomery to run the Federal Housing Administration. However, if accepted into...
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Pros and Cons of Mortgage Servicer Diversification
May 12th, 2:43pm
Although a larger number of mortgage servicers results in some that present more risk, that is offset by the benefits of...
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Amazon to use Seattle office space for new homeless shelter
May 12th, 2:38pm
After being criticized for not donating to any sort of charities like some of its other competitors, Amazon is looking to change that...
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Here's why getting started with digital mortgages is less complicated than it seems
May 12th, 2:00pm
There’s been a huge amount of discussion about how consumer lending is quickly going digital. The appetite we’re seeing in the market...
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Where's the young workforce in mortgage finance?
May 12th, 1:00pm
How many of you knew you wanted to go into the housing industry? Looking at the current states of the market, we so desperately need more...
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Who can attract the young workforce in mortgage finance?
May 12th, 1:00pm
How many of you knew you wanted to go into the housing industry? Looking at the current state of the market, we so desperately need more...
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Kushner Companies skipping out on Chinese property investment event
May 12th, 12:21pm
After coming under fire for its last event with Chinese investors, Kushner Companies, owned by the family of the president’s son-in-law...
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Consumer advocates made a last-ditch effort with Congress to keep the CFPB intact
May 12th, 11:49am
Some Republicans have said the bureau is ineffective...Read More
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Fed's Harker says two more rate hikes this year are 'appropriate'
May 12th, 11:45am
The U.S. economy is now "normal" and its labor market is roughly "at full health," a Federal Reserve...
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Housing Affordability Ticked up in First Quarter
May 12th, 11:39am
Rising wages helped to boost housing affordability in the first quarter, even as interest rates rose. The National Association of Home...
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Wells Fargo Automating Mortgage App Process
May 12th, 11:21am
In addition to addressing the fallout from the fake account scandal, Wells Fargo & Co. is working on a product to compete with Rocket Mortgage...
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New York regulators expand NMLS to broaden authority
May 12th, 11:09am
The New York Department of Financial Services announced it is expanding its use of the Nationwide Multistate Licensing System and...
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UDAAP Settlement; TARP Update; Upcoming Events; Wells Eyeing Non-Agency Issuance
May 12th, 10:49am
Want to help educate a real estate agent, or a home buyer? Show them this site. "...comprehensive, accurate, and reliable neighborhood...
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More and more Americans think they are due for a raise
May 12th, 10:42am
Consumer confidence increased slightly at the beginning of May, and Americans are now more optimistic about income expectations than they...
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April retail sales up 0.4%, CPI up 0.2%
May 12th, 10:27am
CNBC's Rick Santelli breaks down the latest...
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May consumer sentiment index at 97.7 (preliminary)
May 12th, 10:27am
CNBC's Rick Santelli reports the latest read on...
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Is the Trump trade weakening?
May 12th, 10:27am
Discussing current market trends as the rally seems...
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RBS in talks with FHFA to settle multibillion-dollar lawsuit over mortgage-backed securities
May 12th, 10:16am
Royal Bank of Scotland continues to try and clean up the aftermath of the financial crisis, but it’s not happening easily. While the...
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Consumer sentiment hits 97.7 in mid-May, riding the 'Trump bump'
May 12th, 9:40am
Economists expected the University of Michigan's Consumer Sentiment Index to see a preliminary reading of 97 in May, according to Thomson...
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Here's how much home $300K will buy you in every US state
May 12th, 9:39am
It won't get you very far in Hawaii or DC....Read More
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These are the best cities for first-time homebuyers
May 12th, 9:39am
Zillow looked at five metrics to determine which housing markets would serve first-time buyers best. Here's what it found....Read More
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Treasury yields extend reversal from six-week high
May 12th, 9:38am
Treasury prices rose, and yields fell, after weak retail sales weighed on U.S. government paper....Read More
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They're back: Wells Fargo prepares to issue private-label mortgage bonds
May 12th, 9:05am
Wells Fargo is preparing to jump back into the private label securitization market for the first time since the housing crisis. While...
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MBS Day Ahead: Strong Opening Argument in The Case For a Bounce
May 12th, 8:21am
It's going to be a chart-focused commentary today, because frankly, there's not much to say with words. The bottom line is that this...
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Q1 earnings best in more than 5 years
May 12th, 7:58am
Lindsey Bell, CFRA Investment strategist, provides...
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Retail stocks taking a huge beating: Dana Telsey
May 12th, 7:58am
Department stores have to reinvent themselves, says...
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Student Debt Forcing Millennials to Move Back Home
May 12th, 7:42am
Almost a third of those between 20-26 say they owe anywhere from $10,000 to more than $50,000 on student loans....Read More
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Desire for New Amenities: Still the Top Reason to Remodel
May 12th, 7:42am
According to remodelers who answered special questions on NAHB's Remodeling Market Index (RMI) survey for the 1st quarter of 2017, a simple...
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Consumer prices rebounded 0.2% in April
May 12th, 7:40am
Consumer prices rebounded moderately in April as energy prices climbed back up after a sharp decline in March....Read More
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RBS CEO sees potential to settle major U.S. mortgage probe
May 12th, 7:39am
LONDON (Reuters) - Royal Bank of Scotland Chief Executive Ross McEwan said the bank is in talks to settle one of the two major U.S. investigations...
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Wells Fargo eyes return to mortgage deals shunned since crisis
May 12th, 7:39am
(Reuters) - Wells Fargo & Co , the largest U.S. mortgage lender, is hoping this year to sell bonds backed by mortgages without government...
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MBS RECAP: Bonds Hold Ground With Help From Stocks and 30yr Auction
May 11th, 5:41pm
To be fair to bond markets, they might not have needed much help to hold their ground today had it not been for the stronger economic data in...
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Freddie Mac explores credit-risk transfer idea to gain more REIT investors
May 11th, 5:25pm
Freddie Mac announced that it’s contemplating making a change to the structure of its Structured Agency Credit Risk (STACR)...
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Long-Term Mortgage Rates Rise, Likely to Hold
May 11th, 4:04pm
Long-term rates on new single-family loans moved higher over the past week. But no changes are likely in the report seven days from now.For the...
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Mortgage Rates Leak to 1-Month Highs
May 11th, 3:43pm
It's been slow and steady, to be sure, but mortgage ratesfinally inched their way up to the highest levels in more than a month today,...
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Black Knight Updates Its LOS To Tackle Industry Issues
May 11th, 3:23pm
Black Knight Financial Services, Inc. has made several significant enhancements to LoanSphere Empower, the company’s loan origination system...
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Home builders switch gears, look to starter homes
May 11th, 3:21pm
Home builders are moving away from building luxury homes and looking towards catering to the growing market of Millennial homebuyers....
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Homebuilders switch gears, look to starter homes
May 11th, 3:21pm
Homebuilders are moving away from building luxury homes and looking towards catering to the growing market of Millennial homebuyers....
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Optimal Blue Partners With Leading CRM Player
May 11th, 3:14pm
Optimal Blue has partnered with Media Center CRM to offer a seamless and powerful prospecting tool that can be used by both mortgage professionals...
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Docutech hires Amy Brandt as president and COO
May 11th, 2:55pm
Docutech, a provider of document and compliance technology for the mortgage industry, named Amy Brandt as its new president and chief...
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FHFA Director Won't Let GSEs Run Out of Capital
May 11th, 1:59pm
The regulator and conservator of Fannie Mae and Freddie Mac is warning that the agency will not allow the pair of companies to run out of...
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Consumers Expect Bigger Home Price Gains
May 11th, 1:51pm
A survey of consumers by the nation's central bank indicates increased expectations for rising home prices and interest rates.The outlook for...
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FHFA Calls For Big Changes to Fannie/Freddie Conservatorship
May 11th, 1:48pm
Federal Housing Finance Agency (FHFA) Director Mel Watt had three messages for the U.S. Senate Committee on Banking, Housing, and Urban Affairs on...
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Industry response: CFPB should proceed with caution on small business lending rule
May 11th, 1:27pm
The Consumer Financial Protection Bureau is gearing up to assess the problems small businesses face, starting with a request for...
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Mortgage Bankers Bump Q2 Refi Forecast
May 11th, 12:52pm
The country's mortgage bankers have grown modestly more optimistic about the projected volume of refinances during the current quarter.Total...
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Urban Institute: Demand for institutional SFR financing will grow
May 11th, 12:52pm
Fannie Mae recently peeked into the single-family rental space, and the FHFA began to examine the possibility of GSE involvement in the...
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Foreclosure Filings Hit Lowest Level Since Height of Housing Market
May 11th, 12:28pm
One in every 1,723 homes, or nearly 0.06%, received a foreclosure notice in April. In the worst of the recession, one in every 352 homes had one....
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Fannie Mae makes plan to draw more REIT investors into credit-risk transfers
May 11th, 11:59am
Fannie Mae proposed a new structure to its benchmark Connecticut Avenue Securities credit risk transfer program to potentially help draw...
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Strategist: Fed moves will be more important than fiscal policy
May 11th, 11:47am
David Rosenberg, Gluskin Sheff chief strategist,...
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HUD rental assistance capital investment doubles from last year
May 11th, 11:47am
The U.S. Department of Housing and Urban Development is celebrating its most recent milestone of reaching $4 billion in capital for its...
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US House tax committee sets first hearing on tax reform
May 11th, 11:43am
The House Ways and Means Committee on Thursday set a May hearing on the potential impact of tax reform on U.S. economic growth, the first of many...
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Housing Affordability Registers Slight Uptick in First Quarter
May 11th, 11:42am
Rising wages and moderating home prices offset a rise in mortgage interest rates to give housing affordability a slight boost in the first quarter...
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Housing affordability slightly improves despite market headwinds
May 11th, 11:17am
Housing affordability managed to slightly improve in the first quarter of 2017, overcoming rising interest rates and other market...
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Conditions Ripe for Rise in Millennial Homebuying
May 11th, 11:02am
Although debt-ridden millennials had been averse to home buying, conditions for the generation are changing -- as is their appetite for home...
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Dow threatens biggest one-day slide in about 7 weeks
May 11th, 9:36am
The Doe Jones Industrial Average on Thursday was flirting with its steepest daily decline in four weeks, with losses for the price-weighted...
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Mortgage Rates Continue to Hold
May 11th, 9:36am
Mortgage Rates Continue to Hold...Read More
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Wells Fargo Forecasts Additional $2 Billion Cost Cuts by 2019
May 11th, 9:35am
Bloomberg Wells Fargo Forecasts Additional $2 Billion Cost Cuts by 2019 Bloomberg Wells Fargo & Co. said it would deepen its cost-cutting...
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LO Comp Plan Numbers; Legal/Compliance News and Training; TX Home Equity News
May 11th, 9:32am
Posted To: Pipeline PressFor me this week includes Maryland , Utah, Wyoming , and California. There are all kinds of rumors out there, ranging...
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Freddie Mac: Mixed economic reports hold average mortgage rate at 4% mark
May 11th, 9:29am
Mortgage rates increased slightly this week, but remained close to the 4% mark. Freddie Mac’s chief economist explained rates were...
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FHFA Director: Next year, taxpayers will foot any Fannie, Freddie losses
May 11th, 9:01am
In a testimony before the U.S. Senate Committee on Banking, Housing and Urban affairs, the FHFA director explained the urgent need for...
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FHFA director: Next year, taxpayers will foot any Fannie, Freddie losses
May 11th, 9:01am
In a testimony before the U.S. Senate Committee on Banking, Housing and Urban affairs, the FHFA director explained the urgent need for...
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April PPI up 0.5%, jobless claims drop 2K to 236,000
May 11th, 8:38am
CNBC's Rick Santelli breaks down the latest...
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Four signs it's time to hit the brakes on your home purchase
May 11th, 8:36am
The temperature is heating up and so are the pricing wars for housing. Here's how to figure out whether you ought to walk away from your dream...
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U.S. stocks open lower; Snap tumbles following results
May 11th, 8:36am
U.S. stocks opened modestly lower on Thursday, continuing a trend of tight trading ranges as the main equity benchmarks hover around record...
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MBS Day Ahead: Selling Will Continue Until Traders Feel Like Buying Again
May 11th, 8:36am
You've no doubt run across the phrase "the beatings will continue until morale improves." That's not too far from being an apt...
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In Trump's shadow, Fed official says trade barriers a 'dead end'
May 11th, 7:48am
MUMBAI/NEW YORK (Reuters) - Trade protectionism is a "dead end" that may score political points but will ultimately hurt the U.S. economy, one of...
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Louisiana Senate Passes Ban on Affordable Housing Mandates
May 11th, 7:47am
The bill encourages voluntary negotiations between developers and cities to create affordable housing in exchange for incentives such as tax...
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U.S. jobless claims fall; continuing claims lowest since 1988
May 11th, 7:47am
WASHINGTON - New applications for U.S. jobless benefits unexpectedly fell last week and the number of Americans on unemployment rolls hit a...
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Foreclosure activity drops to lowest level since 2005
May 10th, 11:01pm
Foreclosure activity plummeted in April by a full 23% from last year to its lowest level since 2005. And foreclosure starts dropped in...
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MBS RECAP: 10yr Auction Serves as Wake Up Call
May 10th, 5:46pm
Posted To: MBS CommentaryBond markets were having a decent enough day during the morning hours. Stocks and European markets were weaker, dragging...
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Mortgage Rates Moved Higher This Afternoon
May 10th, 5:26pm
Mortgage ratesweresteady to slightly higheragain today, making it the 13th out of the past 16 business days without an...
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Over $3.6 Billion in GSE Loans For Sale
May 10th, 5:13pm
More than $3.6 billion in government-sponsored enterprise mortgages are being auctioned off. The loans are non-performing and re-performing.One...
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Texas orders Ocwen stop acquiring new mortgage servicing rights
May 10th, 5:01pm
The Texas Department of Savings and Mortgage Lending recently ordered Ocwen Financial Corporation to cease and desist. The state is...
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Texas orders Ocwen to stop acquiring new mortgage servicing rights
May 10th, 5:01pm
The Texas Department of Savings and Mortgage Lending recently ordered Ocwen Financial Corporation to cease and desist. The state is...
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Credit Union Settles Over Maternity Discrimination
May 10th, 4:05pm
Years after home lenders began settling charges of discrimination against women on maternity leave, one credit union didn't get the message it's...
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Walter Investment's Originations Outperform Peers
May 10th, 3:45pm
Walter Investment Management Corp. experienced a much smaller quarter-over-quarter decline in mortgage originations than most of its peers.In its...
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North Carolina officially completes first-ever eClosing
May 10th, 3:08pm
North Carolina passed a major milestone in the housing finance industry this month, performing its first ever eClosing. With the help of...
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Despite relief, independent mortgage bankers say Financial CHOICE Act still needs work
May 10th, 3:00pm
The Financial CHOICE Act that recently passed the House Financial Services Committee provides regulatory relief for independent mortgage...
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Fannie Mae announces latest non-performing loans sale
May 10th, 2:18pm
Fannie Mae began marketing new pools of non-performing and reperforming loans, with bids due by various dates in June. In the...
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Accurate Group Expands Its Team
May 10th, 1:51pm
Accurate Group, a provider of real estate appraisal, title and compliance services, announced the expansion of its sales team. Matthew Lichtner, a...
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Draghi Says Too Early to Declare ECB Success as Growth Firms
May 10th, 1:50pm
Bloomberg Draghi Says Too Early to Declare ECB Success as Growth Firms Bloomberg European Central Bank President Mario Draghi said the economic...
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Boston's Real-Estate Market Is Poised for a Boom
May 10th, 1:49pm
GE is moving its headquarters to Boston from Fairfield, Conn. when roughly 14 million square feet of new space is being developed elsewhere in...
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Fed's Kashkari: Keep Dodd-Frank regulations in place for big banks
May 10th, 1:49pm
WASHINGTON (Reuters) - Minneapolis Federal Reserve Bank President Neel Kashkari said on Wednesday that there should not be any relaxation of...
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Big eClosing News Out Of North Carolina
May 10th, 1:43pm
Jason and Karen Boccardi made history last week when they refinanced the mortgage on their Winston-Salem property. It was not the home that was...
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Fed's Rosengren Favors Three More 2017 Hikes to Foil Overheating - Bloomberg
May 10th, 12:53pm
Bloomberg Fed's Rosengren Favors Three More 2017 Hikes to Foil Overheating Bloomberg Federal Reserve Bank of Boston President Eric...
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Bond traders grow more confident in September rate hike
May 10th, 12:53pm
With a June rate hike all but decided upon by bond traders and other industry experts, the attention is now on September. Since last...
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PHH Mortgage Production Drops, More Decline Ahead
May 10th, 12:28pm
Loan originations moved lower at PHH Mortgage and are likely down even more in the current quarter. The servicing portfolio was further...
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Chase Mortgage offers new credit card award program for Millennial mortgage customers
May 10th, 11:56am
There are about to be a wave of Millennial homebuyers, and Chase Mortgage is stepping up to serve them. The bank is trying something new...
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Here are the best places for college grads to live
May 10th, 11:48am
Just in time for graduation season, a new study conducted by Trulia shows the most promising housing areas for those new graduates. The...
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Are we in a policy-dependent market?
May 10th, 11:30am
CNBC's Bob Pisani and Mike Santoli discuss the...
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Three Years Ago: Housing Doom and Gloom
May 10th, 10:52am
Three years ago, there were numerous "doom and gloom" stories about housing. I responded with What's Right with Housing? written on May 6, 2014. I...
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Originators Take More Mortgage Applications
May 10th, 10:35am
Loan originators were busier taking applications for new mortgages last week. Both purchase financing and refinancing activity accelerated.A...
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Black Knight updates LOS to align with upcoming HMDA requirements
May 10th, 10:30am
Black Knight Financial Services announced updates to its flagship loan origination system, LoanSphere Empower, which includes updates to...
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CFPB director: Small business lending should mirror mortgage regulations
May 10th, 10:03am
CFPB Director Richard Cordray announced the first step towards new regulation at the Small Business Lending Hearing in Los Angeles. He...
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Impac Mortgage Originations Plummet by Half
May 10th, 9:35am
Home lending at Impac Mortgage Holdings Inc. turned sharply lower -- plunging by half from the previous period. The servicing portfolio, though,...
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Treasury yields slip as traders turn attention to geopolitical uncertainty
May 10th, 9:21am
Treasury yields fell across the curve as geopolitical concerns flashed after the White House dismissed FBI director James Comey and North Korea...
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MBS Day Ahead: Every Green Day is Another Chance
May 10th, 8:43am
Posted To: MBS CommentaryAny time rates have been trending decidedly higher (as they have been since mid-April), every day of gains has the...
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Training, Trading, and Continued Changes at Freddie and Fannie
May 10th, 8:35am
For appraisers, sometimes a simple 3 bedroom, 2 bath tract home can have complications that make things difficult. What about houses that actually...
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Import prices increase for fifth straight month
May 10th, 7:45am
Prices increased more than expected in April amid rising costs for petroleum products and a range of other goods, which could help boost domestic...
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FBI's Comey firing stuns Washington
May 10th, 7:42am
CNBC's Eamon Javers has the latest details on...
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US Treasurys higher as bond investors digest Comey dismissal; Fed speeches eyed
May 10th, 7:38am
U.S. government debt prices were higher Wednesday, as investors digested the news that the director of the FBI had been dismissed on...
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Bond Traders Ramp Up Bets on September for a Third 2017 Fed Hike - Bloomberg
May 10th, 7:38am
Bloomberg Bond Traders Ramp Up Bets on September for a Third 2017 Fed Hike Bloomberg Traders are already mostly on board with the central bank...
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Both Refi and Purchase Apps Rose Last Week
May 10th, 7:20am
Posted To: MND NewsWireBoth purchase and refinance applications increased during the week ended May 5. The Mortgage Bankers Association said its...
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CFPB begins checking credit access for women and minority businesses
May 9th, 11:01pm
The Consumer Financial Protection Bureau is taking the beginning steps of looking into the financing needs of small businesses. Under...
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Mortgage Originations Sink to 16-Year Low
May 9th, 5:34pm
During the second month of this year, the preliminary volume of home loans that were closed was lower than any month in the last 16 years.For just...
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MBS RECAP: Though Weaker, Bonds Did a Better Job of Fighting Back
May 9th, 5:23pm
Posted To: MBS CommentaryLet's get the caveats out of the way. Bond markets ended the day in slightly weaker territory, and the broader trend...
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Louisiana Senate passes bill to stop affordable housing mandates
May 9th, 5:22pm
The Louisiana Senate just passed a bill that would ban local governments from requiring developers to create affordable housing sectors....
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Acting comptroller of the currency: It's a "good time" to look at Dodd-Frank
May 9th, 5:13pm
Fresh in his new position as acting comptroller of the currency, Keith Noreika has already publicaly stated where he stands on Dodd-Frank...
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Fed Won't Sink MBS Market as Balance Sheet Slims, Rosengren Says
May 9th, 4:43pm
Bloomberg Fed Won't Sink MBS Market as Balance Sheet Slims, Rosengren Says Bloomberg Tapering of the Federal Reserve's balance...
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Kaplan: Still sees 3 rate hikes this year
May 9th, 4:42pm
CNBC's Steve Liesman reports on the highlights...
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Clayton Homes unveils new tiny home series
May 9th, 3:58pm
Clayton Tiny Homes is the homebuilder’s latest venture to capitalize on the growing minimalist trend. The company introduced its new...
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Lending, Servicing Down as Fairway Staffing Grows
May 9th, 2:48pm
Loan originations and servicing contracted on a quarter-over-quarter basis at Fairway Independent Mortgage Corp. But headcount continued to...
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Homeowners continue to overestimate their home value
May 9th, 2:04pm
Homeowners are overestimating their homes’ values even more in April than in the previous few months. But even as the gap widens,...
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House Lawyer Says Nothing Abnormal About Confidentiality Requests
May 9th, 1:56pm
Earlier this week we reported that BuzzFeed reporter Mary Ann Georgantopoulos had released a copy of an April letter sent by House Financial...
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More Current Loans Entered Early Delinquency Status in February
May 9th, 1:51pm
Posted To: MND NewsWireCoreLogic's monthly Loan Performance Report for February shows the national mortgage delinquency rate, loans that were 30...
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Tips for Millennials Who Want to Invest in Real Estate
May 9th, 1:46pm
There are a variety of ways that Millennials can start investing in real estate and many young people are taking different routes depending on...
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Affordable Housing Program Costs More, Shelters Less
May 9th, 1:46pm
The Low-Income Tax Credit program gave way to a booming $8 billion private industry, but as tax credits for companies increased, the number of...
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Fed's Rosengren Warns GSE Reform Could Threaten Property Market
May 9th, 1:44pm
Bloomberg Fed's Rosengren Warns GSE Reform Could Threaten Property Market Bloomberg Plans by Republican lawmakers and the Trump...
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Your real estate decisions could also affect your mental health, studies show
May 9th, 1:44pm
Beyond real estate, your home location could influence your mental health, U.S. News reports....Read More
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Ultra-rich investors shift to real estate
May 9th, 1:43pm
Michael Sonnedfeldt, founder of Tiger 21, discusses...
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Mortgage Rates Continue Slow Trend Higher
May 9th, 1:29pm
Posted To: Mortgage Rate WatchMortgage rates haven't necessarily moved higher every day recently. For instance, yesterday's rates were unchanged...
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DocMagic and BeSmartee integrate two major eMortgage operations
May 9th, 12:30pm
DocMagic, a document management solution provider, continues to makes strides in the digital mortgage world. The company announced it...
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Ocwen and Radian Guaranty showdown in court for alleged breach of contract
May 9th, 11:54am
Radian released its 10-Q filing which disclosed an ongoing battle with Ocwen Financial. While Ocwen attempts to sue over an alleged...
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Fed's George: Supports path of gradually higher rates
May 9th, 11:43am
CNBC's Steve Liesman reports the latest...
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How Homeownership Became the Engine of American Inequality
May 9th, 11:40am
An enormous entitlement in the tax code props up home prices - and overwhelmingly benefits the wealthy and the upper middle class....Read More
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Construction Sector Labor Market Turnover
May 9th, 11:33am
The count of unfilled jobs in the construction sector fell slightly in March, after an upward revision to the February estimate. Moreover, the...
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Investors Baffled Over OCC's Closure of WI Bank
May 9th, 11:33am
Investors who were on the verge of pumping $100 million into a Wisconsin bank were baffled last week when a federal regulator shut down the...
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Chase is offering 100,000 credit-card rewards points for new mortgage customers
May 9th, 11:32am
The bank is trying to make money off millennial Sapphire credit card holders....Read More
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Home Capital Sells $1.1 Billion in Mortgages to Third Party
May 9th, 11:31am
Bloomberg Home Capital Sells $1.1 Billion in Mortgages to Third Party Bloomberg Home Capital Group Inc. agreed to sell as much as C$1.5 billion...
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SEC probes single-family rental bonds
May 9th, 11:11am
The Securities and Exchange Commission is said to be investigating whether bonds backed by single-family rental homes are using...
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Monthly Mortgage Delinquency Declines
May 9th, 9:44am
The rate of past-due payments, serious delinquency and foreclosures on mortgages outstanding all moved lower on a monthly basis.On single-family...
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CoreLogic: Foreclosures sink to lowest level since 2007
May 9th, 9:42am
Foreclosures and serious delinquencies continued to drop in February, hitting its lowest point since 2007. However, while foreclosures...
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Loan Performance Remains Strong
May 9th, 9:34am
Data from CoreLogic shows that, nationally, 5 percent of mortgages were delinquent by 30 days or more (including those in foreclosure) in February...
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Housing Sentiment Springs Back from March Loss
May 9th, 9:28am
After moving along a nearly flat track for several years, consumer sentiment regarding whether "now" is a good time to buy a home started to rise...
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ValuAmerica Expands Its Integration With LendingQB
May 9th, 9:28am
ValuAmerica, a wholly owned subsidiary of Clayton Holdings LLC, and national provider of appraisal, title, closing and settlement services,...
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Gallup Poll Shows High Hopes For Homeownership
May 9th, 9:22am
Posted To: MND NewsWireWhile the historically low homeownership rate as reported by the Census Bureau has improved only marginally over the last...
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CFPB Seeks Input on Assessment of Mortgage Servicing Rule
May 9th, 9:12am
Posted To: MND NewsWireThe Consumer Financial Protection Bureau is revisiting its 2013 RESPA Mortgage Servicing Rule. The rule, after several...
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2017 Housing & Pending Home Sales Trends; Subservicer White Paper
May 9th, 9:08am
I hate to break the news, but racial diversity exists in the United States. In fact, many will tell you that it is one of the U.S.’s...
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Sam Zell on the realities of real estate
May 9th, 8:49am
Sam Zell, Equity Group Investments and "Am I...
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Small biz optimism drops for the third month in a row
May 9th, 8:49am
CNBC's Kate Rogers reports the latest read on...
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Good luck buying a home in this hot housing market
May 9th, 8:48am
It's going to be a tough house hunting season for buyers, but it's particularly brutal for those in Seattle....Read More
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Italian Bonds May Be Traders' Next Obsession After French Vote
May 9th, 8:46am
Bloomberg Italian Bonds May Be Traders' Next Obsession After French Vote Bloomberg After months of fretting about France, the market is...
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MBS Day Ahead: A Story of Supply, Momentum, and Conviction
May 9th, 8:46am
Posted To: MBS CommentaryLet me take you back--but not necessarily "way back"--to March 2017. Geopolitical risks weren't on the...
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S&P 500, Nasdaq open jump to intraday records on upbeat earnings
May 9th, 8:45am
U.S. stocks on Tuesday opened at or near record levels as investors appeared heartened by upbeat earnings reports and the easing of some of the...
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Latest CoreLogic Analysis Shows US Mortgage Loan Performance Health Continues to Strengthen
May 9th, 7:33am
The Delinquency Rate Decreased 0.5 Percentage Points Year Over Year The Foreclosure Rate for February Was 0.8 Percent Early-Stage Delinquencies...
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Fannie-Freddie Look to Provide Financing for Manufactured Homes
May 9th, 7:31am
Bloomberg Fannie-Freddie Look to Provide Financing for Manufactured Homes Bloomberg Fannie Mae and Freddie Mac may soon begin to provide financing...
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Here's how to expedite REO disposition and reduce holding costs
May 9th, 12:00am
Financial institutions of every size are trying to accelerate REO asset disposition, reduce holding costs and limit liability. Chronos...
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Mortgage Demand Mixed at Banks
May 8th, 7:10pm
Although demand has increased at some banks for a variety of single-family products, there tend to be just as many banks with falling demand for...
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Trump administration: Dodd-Frank reform will take longer than originally planned
May 8th, 7:06pm
The Trump administration is going to need more time to review Dodd-Frank, extending the timeline beyond its original June target. And...
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Financial Services Committee: Democrats made the case for firing CFPB Director
May 8th, 6:33pm
House Financial Services Committee Chairman Rep. Jeb Hensarling, R-Texas, is on record plenty of times urging President Donald Trump to...
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MBS RECAP: The Trend is Still Not Our Friend
May 8th, 5:54pm
Posted To: MBS CommentaryWe've been tracking an uptrend in yields since they bottomed out in mid April. There was some hope that we would see...
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Mortgage Rates Hold Mostly Steady Despite Market Weakness
May 8th, 5:12pm
Posted To: Mortgage Rate WatchMortgage rates were generally unchanged today. This is actually quite an accomplishment if you ask the average bond...
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Treasury: Mnuchin never claimed Fannie, Freddie profits specifically funded Obamacare
May 8th, 4:46pm
In an interview last week with FOX Business Network’s Maria Bartiromo, Treasury Secretary Steven Mnuchin mentioned that profits of...
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Here are the top 10 metros for empty nesters
May 8th, 4:43pm
As the Baby Boomer population continues to age, the population of empty nesters is growing larger, hitting 15.5% of all households in...
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Failed Wisconsin Bank to Cost FDIC Nearly $150 Mil
May 8th, 4:31pm
A financial institution in Wisconsin was the fifth federally insured bank failure this year -- costing the Deposit Insurance Fund nearly $150...
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Banks petition Mnuchin for help in fighting new loan rule
May 8th, 3:42pm
A new rule from the Financial Accounting Standards Board is set to take effect in 2019, but some regional banks are fighting back. In...
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Wall Street needs to stop freaking out about low volatility, Merrill says
May 8th, 3:39pm
Bank of America Merrill Lynch had a message for investors concerned about how calm the stock market is: Relax....Read More
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Leading Index for Commercial Real Estate Decreases in April
May 8th, 3:38pm
Note: This index is a leading indicator for new non-residential Commercial Real Estate (CRE) investment, except manufacturing. From Dodge Data...
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Despite Higher Home Prices, More Americans Say It's a Good Time to Buy
May 8th, 3:38pm
Home prices are steadily rising, and mortgage interest rates are beginning to inch up again. But that doesn't seem to be discouraging many...
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CFPB seeks comments on its plan to assess the RESPA mortgage servicing rule
May 8th, 3:37pm
On May 4, the CFPB announced that as part of its impending 5-year review of mortgage rules, it was proposing a plan to assess the effectiveness of...
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Closing Bell Exchange: Bonds or stocks the better play?
May 8th, 3:34pm
Discussing the current state of the markets with...
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Weekly Mortgage Market Index Up, Jumbo Strong
May 8th, 3:10pm
Interest rates on jumbo mortgages went from being less than their conforming counterparts to more last week. Still, new jumbo business...
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Kushner family tells Chinese property investors: Welcome to America
May 8th, 1:52pm
Kushner Companies came under fire after an event in Beijing with Chinese investors. The company spoke to the wealthy investors about the...
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Fannie Mae Submits Duty to Serve Underserved Markets Plan ...
May 8th, 1:47pm
News Release. Share This: May 08, 2017. Fannie Mae Submits Duty to Serve Underserved Markets Plan for Public Comment. Alicia Jones. ......Read More
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MERS wins in four Pennsylvania county lawsuits
May 8th, 12:59pm
MERS announced it locked in another court victory on Monday. The Commonwealth Court of Pennsylvania, by a majority opinion, ruled in...
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Phoenix Real Estate in April: Sales up 10%, Inventory down 9% YoY
May 8th, 12:27pm
This is a key housing market to follow since Phoenix saw a large bubble and bust, followed by strong investor buying. The Arizona Regional...
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Santelli Exchange: Buy high, sell higher?
May 8th, 12:27pm
Jim Bianco, Bianco Research president, speaks with...
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Fannie, Freddie release official strategy to serve underserved markets
May 8th, 12:01pm
Fannie Mae and Freddie Mac released their three-year plans for Duty to Serve Underserved Markets plans. Now, the FHFA is asking for...
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Goldman says U.S. economy may be slowly growing into the longest expansion in history
May 8th, 11:46am
Since the financial crisis, the economy has never been called robust, but it may be in the longest expansion on record, with a couple more years...
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Former Ginnie Mae president says Fannie and Freddie reform takes "real work"
May 8th, 11:41am
The former Ginnie Mae president recently told the Mortgage Bankers Association in an interview that he is pretty confident the 115th...
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Regions' Mortgage Income Holds Despite Lending Drop
May 8th, 11:30am
Although quarter-over-quarter home-lending volume subsided by a fourth at Regions Financial Corp., mortgage earnings were maintained.In its...
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Bond Report: Treasury yields reflate on Emmanuel Macron victory in French Election
May 8th, 9:36am
Treasury prices fell, and yields gain, on Monday, after Emmanuel Macron won Sunday's runoff for the French presidential election, helping to...
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Hensarling Asserts Control Over All Correspondence with Treasury Department
May 8th, 9:15am
Can a letter, or another form of communication, sent by Party A and received by Party B, remain the exclusive property of Party A, even when in...
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Fannie Mae: Consumer housing optimism rebounds in April
May 8th, 9:12am
After the slight dip in confidence in March, consumer optimism rebounded in April, even hitting a new survey high regarding the ease of...
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Lower PA Court Decision Against MERS Reversed
May 8th, 9:07am
An appellate court has reversed a lower court's decision to deny preliminary objections made by Mortgage Electronic Registration Systems Inc.Four...
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Lehman Legal News; Vendor Updates; Trends in Credit Scores and Tax Documentation
May 8th, 8:31am
Is LBHI's third wave of claims against and lenders and brokers starting? According to theAmerican Mortgage Law Group'sManaging Member,...
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MBS Week Ahead: Bonds Battle Negative Trend Amid Auctions and Limited Data
May 8th, 8:23am
Posted To: MBS CommentaryThe economic and event calendar is fairly light this week, especially on the first few days. The importance and pace of...
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Buffett: Housing improving but not booming
May 8th, 7:43am
Warren Buffett, Berkshire Hathaway chairman and...
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Bernanke: Divide in Congress is 'extraordinarily strong'
May 8th, 7:42am
Ben Bernanke isn't optimistic that Democrats and Republicans will be reaching across the aisle anytime soon to help the US economy....Read More
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US stock futures and the euro lose their initial pop on the French election
May 8th, 7:42am
U.S. stock futures were lower this morning after initially rising on centrist Emmanuel Macron's easy victory over far-right Marine Le Pen....Read More
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These Cities Are the 10 Biggest Comeback Stories in U.S. Real Estate
May 8th, 7:40am
Eight years after the housing market crashed, the path to recovery has not run smoothly across the country. These cities have bounced back the...
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Half of Non-Homeowners Expect to Buy Homes in Five Years
May 8th, 7:40am
About half of U.S. adults who do not own a home expect to buy one in the next five years. Just 28% do not expect to buy in the foreseeable...
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Fed's Bullard says target interest rate is close to where Taylor rule recommends
May 8th, 7:39am
WASHINGTON (MarketWatch) - The Federal Reserve's benchmark federal funds rate is close to where a famous mathematical rule recommends it should...
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Here's how brokers can reach Millennials
May 8th, 12:00am
Mortgage brokers have a great opportunity to do more business with home-buying Millennials in 2017, and will be an easier task than one...
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Monday Morning Cup of Coffee: Impact of GOP healthcare bill on finance market
May 7th, 11:01pm
Billionaire Warren Buffet explained what GOP’s healthcare bill could mean for business owners, saying it could have an even greater...
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MBS RECAP: NFP Threads The Needle, Leaving Bonds Unchanged
May 5th, 6:12pm
Posted To: MBS CommentaryToday's NFP report certainly could have been damaging for bond markets if it contained a significant revision to last...
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Mortgage Rates Slightly Lower After Jobs Report
May 5th, 4:47pm
Posted To: Mortgage Rate WatchMortgage rates recovered today, moving sideways to slightly lower after losing ground over the past few days....
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Trulia: Majority of homes remain priced below pre-recession peak
May 5th, 4:20pm
Many reports show home values soaring to new heights and surpassing pre-crisis peaks, however Trulia’s new study shows while the median...
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Radian kicks off 2017 with higher net income and new mortgage insurance written
May 5th, 3:47pm
Mortgage insurer Radian Group started the year off with success in several key parts of its business, including increasing its net income...
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Best LendingTree Mortgage Lenders
May 5th, 3:44pm
Mortgage comparison shopping site LendingTree has put out its latest list of the best mortgage lenders in its network.Each quarter, the Charlotte,...
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2017 poised to be landmark year for e-notarization adoption
May 5th, 3:00pm
The prevalence of digital technology, the trend to reduce paperwork, the goal to save time and money and the need to increase security...
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Fed officials say bond-buying must remain in its toolbox
May 5th, 2:52pm
The Federal Reserve should be prepared to undertake a fresh bond-buying program if the economy again faces shock or recession, three Fed officials...
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CBO: Here's when Fed will stop raising interest rates
May 5th, 2:31pm
The Congressional Budget Office published its economic forecast for the next few years which included several interest rate hikes....
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U.S. consumer credit jumps $16.4 billion in March
May 5th, 2:19pm
WASHINGTON (MarketWatch)-Consumer borrowing rose solidly in March, according to data released Friday, suggesting the consumer has not completely...
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Fed officials: Balance sheets should fall as much as $2T
May 5th, 2:19pm
CNBC's Steve Liesman reports the latest...
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Should servicers still be outsourcing REO disposition?
May 5th, 2:00pm
As the foreclosure crisis continues to shrink in the rearview mirror, many in the mortgage industry are starting to breathe easier....
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Fannie's Quarterly Earnings Sink From Prior Period
May 5th, 1:17pm
As taxpayer returns from the Federal National Mortgage Association have reached nearly $47 billion, there was a significant decline in quarterly...
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Santelli Exchange: Lazear on the jobs report
May 5th, 12:56pm
Former CEA Chair, Stanford Professor and Hoover...
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Ben Carson responds to letters from soon-to-be ghost town
May 5th, 12:36pm
Subsidized housing in the small town of Cairo, Illinois has seen its final days and will soon be demolished, sending about 200 households...
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Fed's Williams pushes new approach to U.S. inflation goal
May 5th, 12:34pm
NEW YORK (Reuters) - One of the Federal Reserve's experts on navigating a world of low inflation and economic growth said on Friday the U.S....
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Earnings, Originations Sink at PennyMac
May 5th, 12:16pm
A significant quarter-over-quarter decline in home lending at PennyMac Financial Services Inc. contributed to a sharp drop in earnings. Staffing...
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Zillow CEO: About half of all home buyers are millennials
May 5th, 11:32am
Zillow CEO Spencer Rascoff discusses the state of...
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Fed should not follow rules-based approach: Fischer
May 5th, 11:27am
(Reuters) - Fed Vice Chairman Stanley Fischer on Friday issued a firm defense of the U.S. central bank's decision not to follow a mathematical...
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Fannie Mae First Quarter 2017 Earnings Media Call
May 5th, 11:26am
Speeches. Share This: May 05, 2017. First Quarter 2017 Earnings Media Call Remarks Adapted from Comments Delivered ......Read More
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Experts weigh in: Positive jobs report fails to fix what's wrong with housing
May 5th, 11:17am
Economists agree that the April jobs report proved the economy is moving along at a healthy pace despite the disappointing job numbers in...
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Aaron Hernandez home listing claims most weekly views
May 5th, 10:39am
Just a week after NFL star and convicted murderer Aaron Hernandez was found in his prison cell after an apparent suicide, his former home...
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Fmr. Fed vice chair: Fed's on a slow track for hikes
May 5th, 10:36am
Discussing the recent economic data releases and...
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Brokers Drive Increase in Mortgage Employment
May 5th, 9:37am
While the market is still digesting mixed monthly data on employment among all industries, mortgage brokers pushed up jobs in home lending.U.S....
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New Player Enters The Lending Technology Space
May 5th, 9:03am
dinCloud, a cloud services provider of hosted workspaces and cloud infrastructure, has added cloud services specially designed for...
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Pendo Launches Automated USPAP Standard 3 Compliance Tool
May 5th, 8:51am
Pendo, a nationwide appraisal management company (AMC), has launched an automated USPAP (Uniform Standards of Professional Appraisal Practice)...
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Mergers and Acquisitions; Jumbo Loan Trends
May 5th, 8:31am
Today on “Jobs Friday,” don’t think California has some pull? It is home to 1 in 8 Americans and its economy is the 6th largest...
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Just in case … Here's what will happen to markets on Monday if Le Pen wins
May 5th, 8:29am
In the French election, Marine Le Pen has "no chance." But if she surprises, markets could go haywire....Read More
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April jobs up 211,000, unemployment 4.4%
May 5th, 8:06am
CNBC's Hampton Pearson breaks down the latest...
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Economy adds 211,000 jobs in April
May 5th, 7:52am
After the previous jobs report came in below expectations, April job report bounced back up, getting close to the strong levels posted in...
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Employment growth gets back on track as April tops expectations
May 5th, 7:39am
The number of nonfarm jobs created in April was expected to total 185,000, up from the 98,000 jobs reported a month earlier....Read More
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MBS Day Ahead: NFP May Very Well NOT be Enough to Break This Trend
May 5th, 7:24am
Posted To: MBS CommentaryToday's chart is essentially the same chart we examined yesterday, but this time the only trendlines are those...
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With Obamacare vote, House Republicans free to turn to tax reform
May 5th, 7:09am
WASHINGTON (Reuters) - The Republican-controlled U.S. House of Representatives plans to turn to tax reform in earnest, after concluding a lengthy...
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April jobs and the French election keep investors guessing
May 5th, 7:09am
Caution continues on Wall Street as traders awaits this morning's April employment report....Read More
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Fannie Mae Reports Net Income of $2.8 Billion ...
May 5th, 7:08am
News Release. Share This: May 05, 2017. Fannie Mae Reports Net Income of $2.8 Billion and Comprehensive Income of ......Read More
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Interest rates slightly dent Fannie Mae's first quarter profits
May 5th, 7:02am
Fannie Mae started off the year off profitable but still struggled to compete with the gains witnessed at the end of 2016. According to...
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Interest rates slightly dent Fannie Mae's first-quarter profits
May 5th, 7:02am
Fannie Mae started off the year profitably but still struggled to compete with the gains witnessed at the end of 2016. According to its...
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Risk of Default Rises on New Originations
May 4th, 8:27pm
As quarterly home lending activity slowed late last year, the risk that the newly made loans would default moved higher.Mortgage originations...
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MBS RECAP: "Lead-Off" Grows Ahead of NFP
May 4th, 6:37pm
This morning's Day Ahead laid out a case for bonds taking a "lead-off" ahead of tomorrow's NFP data. It's not necessarily about NFP...
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Mortgage Rates Higher Ahead of Jobs Report
May 4th, 6:13pm
Posted To: Mortgage Rate WatchMortgage rates moved higher today, bringing them back in line with the highest levels in nearly a month. That sounds...
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CFPB begins process to review the mortgage servicing rule
May 4th, 6:09pm
Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, the CFPB must review some of its rules within five years after they...
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NMI Holdings' net income rises to $5.5 million in first quarter
May 4th, 5:14pm
NMI Holdings, the parent company of National MI, posted a stronger quarter compared to a year ago, with its net income increasing to $5.5...
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National MI's Book of Business Expands
May 4th, 5:06pm
Even though quarterly new business took a tumble at National MI -- earnings held up and the book of business continued to grow.From the period...
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Zillow revenue hits record highs in first quarter
May 4th, 3:52pm
Zillow reported its first quarter earnings, showing revenues hit record highs. Site traffic also hit new highs, and the company now...
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Goldman: April Payrolls Preview
May 4th, 3:41pm
A few excerpts from a note by Goldman Sachs economist Spencer Hill: We estimate nonfarm payrolls increased by 200k in April, somewhat above...
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CFPB seeks stakeholder feedback on mortgage servicing rule
May 4th, 3:40pm
The CFPB on Thursday announced that it is seeking feedback on its plan to assess the effectiveness of the 2013 Real Estate Settlement Procedures...
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Loss, Lower Originations at Stonegate Mortgage
May 4th, 3:19pm
In addition to swinging to a quarterly loss, Stonegate Mortgage Corp. saw a big downturn in its single-family lending volume.For the first-three...
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Underwater Homes Decreas
May 4th, 3:16pm
Data from ATTOM Data Solutions shows that as of the end of the first quarter of 2017 there were nearly 5.5 million (5,497,771) U.S. properties...
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Underwater Homes Decrease
May 4th, 3:16pm
Data from ATTOM Data Solutions shows that as of the end of the first quarter of 2017 there were nearly 5.5 million (5,497,771) U.S. properties...
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Altisource Launches Enhanced Vendor Oversight Platform
May 4th, 3:01pm
Altisource Portfolio Solutions has expanded its Vendorly platform. The platform launched last year exclusively for members of the Lenders...
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Health-care bill passes House vote, now moves to Senate
May 4th, 2:15pm
CNBC's Eamon Javers reports on the next steps...
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Futures Now: Crude gets crushed
May 4th, 2:15pm
The "Futures Now" traders, Anthony...
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U.S. Senate passes bill to fund government through September
May 4th, 2:15pm
WASHINGTON (Reuters) - The U.S. Senate on Thursday gave final legislative approval to a $1.2 trillion spending bill to keep the government open...
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Republican Obamacare replacement bill passes House
May 4th, 2:14pm
The bill could lead to big increases in the number of uninsured Americans and premium prices next year....Read More
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Industrial Properties, GSEs Lead CRE Lending Up
May 4th, 2:13pm
Despite a quarter-over-quarter drop in commercial real estate originations, a year-over-year gain was led by the government-sponsored enterprises...
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United Wholesale: Closing times are still too long
May 4th, 1:11pm
In his monthly 3 Points video, which examines the latest trends in the real estate and mortgage industry, United Wholesale’s CEO...
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Financial CHOICE Act narrowly passes committee, next stop House
May 4th, 1:08pm
After three days, the Financial Services Committee passed the Financial CHOICE Act, H.R. 10. The act faced a lot of opposition from...
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Financial CHOICE Act narrowly passes committee, next stop full House
May 4th, 1:08pm
After three days, the Financial Services Committee passed the Financial CHOICE Act, H.R. 10. The act faced a lot of opposition from...
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Nationstar Earnings Sink on Mark-to-Market Charge
May 4th, 12:39pm
Quarterly originations declined, the servicing portfolio was lower and earnings plummeted on mark-to-market charges at Nationstar Mortgage...
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Oil prices have plunged 14% in 3 weeks
May 4th, 12:33pm
The oil market's OPEC bounce has completely evaporated....Read More
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GOP-led panel OKs bill to overhaul Dodd-Frank
May 4th, 12:32pm
A House panel has approved legislation that would undo much of the Dodd-Frank law enacted after the 2008 economic meltdown....Read More
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Refis Pull Down Weekly Mortgage Business
May 4th, 12:15pm
New mortgage refinance activity tumbled this past week, dragging down overall home-lending activity. Government lending business, though, held...
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Consumer Bankruptcies Retreat From 2-Year High
May 4th, 12:12pm
After ascending to the highest level in two years, the number of consumers who resorted to bankruptcy moved lower last month.A collective 67,670...
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Black Knight adds Dave Hurt to Data & Analytics division
May 4th, 11:37am
“Dave’s knowledge of secondary mortgage markets and his extensive and trusted relationships with key market players will help us to...
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Mortgage Credit Tightens 1st Time in 7 Months
May 4th, 11:25am
For the first time in seven months, credit conditions in single-family lending have become more restrictive, though the tightening was minimal.The...
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[Video] Bank of America CEO: Don't break up the big banks
May 4th, 11:22am
The Trump Administration recently stated that they are actively considering splitting giant banks. So, coming from the leader of one of...
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Think your 6-digit salary is enough to live in San Francisco?
May 4th, 11:14am
With home prices in the San Francisco area reaching new heights, higher incomes are needed to live in the city. In fact, now even a...
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This problem costs homeowners an extra 36%
May 4th, 10:48am
Even something as simple as paying your credit card bill late can boost your homeowner's insurance rate....Read More
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How Fed Exits MBS Ownership Could be Key to Affordability
May 4th, 10:44am
After years of quantitative easing, the Federal Reserve is estimated to own $1.75 trillion in agency mortgage-backed securities (MBS). The...
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Credit Accessibility Dips Slightly
May 4th, 10:31am
Posted To: MND NewsWireThere was a very slight downward change in the availability of mortgage credit last month, driven primarily by on ongoing...
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Fannie and Freddie; News in Primary and Secondary Markets
May 4th, 10:22am
May the 4th be with you! People wonder if anyone from Freddie Mac has ever actually visited Fannie’s location for an office visit. Yes!...
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AEI: A long way to go on House health-care bill vote
May 4th, 9:51am
Chris Meekins, FBR Research analyst, and James...
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Factory orders up 0.2% in March
May 4th, 9:37am
CNBC's Rick Santelli reports the latest read on...
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55+ Housing Market Index Remains in Positive Territory Despite Drop
May 4th, 9:36am
The National Association of Home Builders' (NAHB) single-family 55+ Housing Market Index (55+ HMI) dropped 12 points to 55 in the first quarter of...
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Here's what we know about the health-care bill the House will vote on Thursday
May 4th, 9:36am
The latest in a series of tweaks to the health-care bill has House Republicans confident about its passage....Read More
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Freddie Mac: Mortgage rates hover near 4% mark
May 4th, 9:00am
Mortgage rates held steady this week as the 30-year mortgage changed by only one basis point. Freddie Mac explained the market is erring...
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US stock futures rise ahead of House vote on GOP health-care plan
May 4th, 8:30am
U.S. stock futures were higher after Wednesday's muted reaction to the Fed holding interest rates steady....Read More
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MBS Day Ahead: Bonds May Be Taking a Lead-Off For Their Next Move
May 4th, 8:11am
Posted To: MBS CommentaryI frequently use the lead-off analogy to characterize financial markets' propensity to start drifting in the...
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Initial jobless claims drop 19K to 238,000
May 4th, 8:10am
CNBC's Rick Santelli and Steve Liesman break...
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Challenger: April job cuts down 15%, lowest YTD total since 2014
May 4th, 8:10am
Retail is the dominant sector shedding jobs, says...
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Fiery face-off in France as Le Pen and Macron battle in final showdown
May 4th, 8:10am
CNBC's Wilfred Frost reports on the final...
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US weekly jobless claims fall more than expected to 238,000
May 4th, 7:49am
First-time claims for state unemployment benefits were expected to total 247,000 in the most recent week, down from the 257,000 claims reported a...
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U.S. trade deficit improves slightly in March
May 4th, 7:49am
WASHINGTON - The U.S. trade deficit improved slightly in March amid broad declines in both imports...Read More
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US productivity contracts in first quarter; labor costs rise
May 4th, 7:49am
U.S. worker productivity unexpectedly fell in the first quarter, leading to a jump in labor-related costs....Read More
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Trump faces major test as vote looms on U.S. healthcare bill
May 4th, 7:46am
WASHINGTON (Reuters) - The U.S. House of Representatives was set on Thursday for a cliffhanger vote to repeal Obamacare, as Republican leaders...
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Stonegate Mortgage sees 555% increase in revenues in first quarter
May 4th, 7:37am
Stonegate Mortgage reported a significant increase in revenues during the first quarter, and a drop in its net losses. The company...
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Nationstar revenues plummet in first quarter
May 4th, 6:52am
Nationstar’s income in the first quarter was led by its servicing department, however it still came in as a significant loss from last...
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Seriously delinquent mortgages drop by 1.2 million homes annually
May 3rd, 11:01pm
While delinquencies are down from last quarter, they are significantly lower from last year. ATTOM Data solutions released its latest...
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Freddie Mac announces settlement of Seasoned Credit Risk Transfer offering
May 3rd, 4:17pm
Freddie Mac announced on Wednesday the settlement of its second Seasoned Credit Risk Transfer offering. The move shifts even more credit...
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Experts agree: Chances of recession are rising
May 3rd, 4:16pm
First American’s chief economist explained the significance of the Fed’s quantitative easing program, and explains what the chances...
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MBS RECAP: Fed Statement Not Pessimistic Enough For Some Traders
May 3rd, 4:12pm
Posted To: MBS CommentaryToday's Fed announcement turned out to be a dud . It's getting headline treatment here based solely on street...
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NCUA RMBS Recoveries Surpass $5 Billion
May 3rd, 4:09pm
Just two days after over $0.4 billion was collected for losses suffered on residential mortgage-backed securities by failed corporate credit...
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Bill to Fund Federal Government Approved
May 3rd, 3:56pm
The House today approved the fiscal year 2017 Consolidated Omnibus Appropriations bill, the legislation that will provide discretionary funding...
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Genworth M.I.'s Earnings, Book of Business Up
May 3rd, 3:41pm
Although new business tumbled at Genworth Mortgage Insurance Corp., earnings were significantly better and the book of business grew.Parent...
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Fed Statement Erases Morning Mortgage Rate Gains
May 3rd, 3:38pm
Posted To: Mortgage Rate WatchMortgage rates ended the day relatively close to ' unchanged ,' depending on the lender. That's somewhat surprising...
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Parents, here's how Fannie Mae's new student debt relief programs will work for you
May 3rd, 3:35pm
Last week, Fannie Mae unveiled three new programs to help current homeowners and future homebuyers who are blocked from eligibility and...
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Bernanke Says Fed to Unwind Balance Sheet Over 4-5 Years (Video)
May 3rd, 3:32pm
Bloomberg Bernanke Says Fed to Unwind Balance Sheet Over 4-5 Years Bloomberg Former Fed Chairman Ben Bernanke comments on the Fed's...
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House has the votes for funding bill to avert shutdown
May 3rd, 3:31pm
The vote follows partisan spin on the nearly $1.2 trillion measure, which came about after weeks of negotiations....Read More
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Closing Bell Exchange: Markets ready for rate hikes
May 3rd, 3:30pm
Discussing the current state of the markets with...
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Here's how Fannie Mae is transforming itself for customers
May 3rd, 2:30pm
Fannie Mae is demonstrating that user experience process for its own customers with its Lender Journeys initiative. It increased the...
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Freddie Mac Settles Second Seasoned Credit Risk Transfer Offering
May 3rd, 2:24pm
Freddie Mac Settles Second Seasoned Credit Risk Transfer Offering...Read More
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Credit Suisse pays $400 million over toxic mortgages, failed U.S. credit unions
May 3rd, 2:24pm
(Reuters) - Credit Suisse Group AG paid $400 million to settle claims that the Swiss bank sold toxic mortgage securities that contributed to the...
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Fed leaves rates, balance sheet policy unchanged
May 3rd, 1:58pm
Danielle DiMartino Booth, Money Strong; Scott...
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Originations Hold Up at Ocwen
May 3rd, 1:58pm
Home lending activity was off at Ocwen Financial Corp., though not as much as at its peers. Losses rose from the prior quarter but fell from a...
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FOMC unanimously votes against raising interest rates
May 3rd, 1:30pm
The Federal Open Market Committee unanimously voted to hold off on raising interest rates in May after announcing a rate hike the...
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Fed: Economy will warrant gradual rate hikes
May 3rd, 1:20pm
CNBC's Steve Liesman reports the latest...
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The Fed: Fed holds interest rates steady, dismisses first quarter slump as ‘transitory'
May 3rd, 1:10pm
The Federal Reserve on Wednesday kept interest rates unchanged and said the weakness in the first quarter was "transitory."...Read More
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Best U.S. Mortgage Loan Originators
May 3rd, 12:04pm
Among mortgage loan originators who are considered to be among the best in the country, earning the borrower's trust is a common theme.Craig...
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CoreLogic Automates Portfolio Value Monitoring
May 3rd, 12:00pm
CoreLogic has launched the Total Home Value for Portfolio Monitoring, which is a self-service, on-demand, fixed-cost solution that helps mortgage...
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Clayton Launches Internal Audit Services Program
May 3rd, 11:54am
Clayton Holdings has developed an enhanced internal audit services program. The program is designed to help bank and lender clients develop,...
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Houston becomes latest metro to add big data for Realtors
May 3rd, 11:52am
The Houston Association of Realtors signed a contract with a data and analytics provider to bring its services to the Houston area. This...
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Comptroller of the Currency Thomas Curry to step down May 5
May 3rd, 11:44am
Thomas Curry will officially step down as comptroller of the currency on May 5 after more than five years at the helm. Curry completed...
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Stakes are always high for payrolls: Strategist
May 3rd, 11:40am
Discussing the market impact of economic data like...
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U.S. House nearing passage of bill to fund government, avoid shutdown
May 3rd, 11:38am
WASHINGTON (Reuters) - The U.S. House of Representatives on Wednesday was poised to pass a $1.2 trillion spending bill to fund the government...
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Ellie Mae report shows most popular metros for Millennials
May 3rd, 10:56am
Millennials are flocking to one part of the country, according to Ellie Mae’s Millennial tracker. The tracker released this month’s...
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Ellie Mae report shows most popular metros for Millennial homebuyers
May 3rd, 10:56am
Millennials are flocking to one part of the country, according to Ellie Mae’s Millennial tracker. The tracker released this month’s...
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Democrats force delay in Financial CHOICE Act mark up
May 3rd, 10:28am
Financial Services Committee Democrats continue to retaliate against the Republican-led Financial CHOICE Act, the leading act to replace...
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Democrats force delay in Financial CHOICE Act mark-up
May 3rd, 10:28am
Financial Services Committee Democrats continue to retaliate against the Republican-led Financial CHOICE Act, the leading act to replace...
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Purchase Rise Offsets Drop in Mortgage Refi Apps
May 3rd, 10:26am
A boost in weekly applications for loans to finance a home purchase was more than enough to offset a reduction in mortgage refinance...
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Fed faces uncertainty
May 3rd, 9:44am
CNBC's Steve Liesman takes a look at what data...
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April ISM non-manufacturing index 57.5 vs. 55.6 est.
May 3rd, 9:33am
CNBC's Rick Santelli reports the latest read on...
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ADP predicts moderate job increase in April
May 3rd, 9:20am
ADP’s employment report shows April will see an increase in jobs. While it is much lower than March’s prediction, it is also...
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ISM non-manufacturing index hits 57.5 in April, vs. 55.8 estimate
May 3rd, 9:05am
A reading above 50 indicates expansion in the service sector, and a reading below 50 indicates contraction....Read More
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Will Fed cling to two hike message?
May 3rd, 8:58am
The "Squawk on the Street" crew share...
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MBA Conference; Stonegate and Nationstar; Treasury Trading Changes
May 3rd, 8:28am
As the 1,400 or so registered participants in the MBA’s Secondary Marketing conference head home, bleary-eyed, the tag-line for the...
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Purchase Mortgage Gain Fails to Fill Refi Gap
May 3rd, 8:03am
Mortgage application volume decreased for the second consecutive week as the growing pool of purchase mortgage applications just missed covering...
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ADP April payrolls up 177K
May 3rd, 8:00am
CNBC's Steve Liesman and Mark Zandi,...
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U.S. Treasury says 'internal review' of ultralong bonds underway
May 3rd, 7:59am
WASHINGTON (MarketWatch) - The Treasury Department said Wednesday it is conducting an "internal review" of the possibility of issuing ultralong...
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MBS Day Ahead: Ready For Anything Ahead of Fed Announcement
May 3rd, 7:57am
Bond markets are beginning the day in slightly weaker territory after as-expected ADP Employment data and the Treasury Department commented...
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ADP: Private Employment increased 177,000 in April
May 3rd, 7:36am
From ADP: Private sector employment increased by 177,000 jobs from March to April according to the April ADP National Employment Report®. ... The...
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US bond yields rise as Treasury, Fed decisions come into focus
May 3rd, 7:36am
Short-term U.S. government debt prices were lower on Wednesday morning as traders waited to hear the Treasury's latest announcement....Read More
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Mortgage applications to buy a home finally spring back, climbing 5%
May 3rd, 7:35am
Homebuyers finally returned to the mortgage market after two weeks of weakening during the height of the spring housing season....Read More
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Ocwen posts first quarter net loss
May 3rd, 7:35am
Ocwen Financial Corporation executives prepped investors at the end of last year to expect this latest loss at the start of 2017 as it...
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Wednesday: FOMC Announcement, ADP Employment, ISM non-mfg Survey
May 3rd, 7:34am
A few excerpts from an FOMC preview by Goldman Sachs economist Spencer Hill: • We expect the FOMC to keep policy unchanged next week and see only...
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MBA: Mortgage applications stagnant as April wraps up
May 3rd, 6:05am
It was a quiet week on the mortgage front, with applications decreasing from one week earlier, according to the latest Mortgage Bankers...
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Massachusetts sues Ocwen for "abusive" mortgage servicing practices
May 2nd, 5:21pm
Massachusetts recently put Ocwen Financial out of business in the state as part of a wave of state regulators that placed various...
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CMBS Delinquency Holds, But Industrial Rate Soars
May 2nd, 4:51pm
The performance of securitized commercial real estate loans was slightly worse, though the outlook is stable. But late payments on industrial...
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MBA comes out in support of Financial CHOICE Act, with some conditions
May 2nd, 4:25pm
The Republican-led Financial CHOICE Act, H.R. 10., is currently under review by the Financial Services Committee as it begins the process...
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Goldman Sachs nearing $650 million in consumer relief in $5 billion settlement
May 2nd, 3:46pm
Goldman Sachs recently passed the one-third mark in its $1.8 billion consumer relief obligation that is part of the company's $5 billion...
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MBS RECAP: Bonds Hold Range With or Without Today's Events
May 2nd, 3:17pm
Posted To: MBS CommentaryThe trading week has been relatively inconsequential so far. That's the best explanation for today's bond market...
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Mortgage Rates Slightly Lower Ahead of Fed
May 2nd, 2:35pm
Posted To: Mortgage Rate WatchMortgage rates fell modestly today, but remained well inside the narrow range that's been intact for more than a...
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Home improvement: A bright spot in retail?
May 2nd, 2:07pm
The "Halftime Report" traders debate...
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Invoking ‘central planners' and ‘fo
May 2nd, 2:05pm
House Republicans and Democrats hold diametrically opposite views of the Dodd-Frank banking legislation as the GOP starts efforts to gut...
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Freddie Mac CEO: 0% capital buffer does not factor into daily operations
May 2nd, 2:00pm
Freddie Mac CEO Donald Layton is perfectly comfortable with allowing some Federal Housing Finance Agency executives to express concerns...
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Wells Fargo Consolidates, Boosts Lobbying Ops
May 2nd, 1:53pm
Less than a year after Wells Fargo & Co. settled allegations of creating fake accounts, it is overhauling its lobbying operation.The San...
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Is the current political environment too risky to open affordable housing discussion?
May 2nd, 1:49pm
During a panel at MBA secondary in New York City, panelists explained the risks of putting topics such as affordable housing reform...
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SEC: Barclays Capital to pay $16.5 million to settle RMBS fraud charges
May 2nd, 1:34pm
Barclays Capital will fork over more than $16.5 million as part of a settlement stemming from allegations that the company did not...
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Freddie to Pay $2.2 Bil in Dividends to Treasury
May 2nd, 1:06pm
Although earnings were halved on a quarter-over-quarter basis, the Federal Home Loan Mortgage Corp. is delivering another $2.2 billion to...
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Q1 2017 GDP Details on Residential and Commercial Real Estate
May 2nd, 12:40pm
The BEA has released the underlying details for the Q1 advance GDP report. The BEA reported that investment in non-residential structures...
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Fannie Mae: There are more potential home buyers out there
May 2nd, 11:58am
It’s not an easy time to be a lender, or a servicer. Leaders of Fannie Mae and Freddie Mac addressed the challenges the mortgage...
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Fmr. Federal Reserve Governor on the FOMC meeting & banking regulation
May 2nd, 11:18am
Fmr. Federal Reserve Governor, Robert Heller &...
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Crescent Capital's Attanasio: Market's trading for 1 rate hike
May 2nd, 11:18am
At the Milken Global Conference, Mark Attanasio,...
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How self-driving cars will profoundly change real estate
May 2nd, 11:17am
Menlo Ventures managing director Venky Ganesan predicts that driverless cars will impact the urban real estate market....Read More
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Reinventing public housing: Once more with funding
May 2nd, 11:17am
by Ethan Handelman, National Housing Conference I'm spending a portion of this week in Halifax, Nova Scotia, at the 49 th National Congress on...
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Fannie, Freddie Profit Payments Should Continue, Treasury Says
May 2nd, 11:15am
Bloomberg Fannie, Freddie Profit Payments Should Continue, Treasury Says Bloomberg U.S. Treasury Secretary Steven Mnuchin wants mortgage-finance...
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Here's the real state of the housing market
May 2nd, 10:53am
Three of the mortgage industry’s leading economists joined together at MBA Secondary in New York City to discuss the current state of...
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Nationstar Rebranding as Mr. Cooper
May 2nd, 10:35am
An overhaul of the corporate culture at Nationstar Mortgage LLC is now being capped off with a change to the corporate brand.In the early...
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CNBC Survey: 98% expect Fed to stay on hold this week
May 2nd, 9:58am
CNBC's Steve Liesman reports the latest read...
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Dip in HECM Endorsements
May 2nd, 9:58am
A newly launched wholesale mortgage lender hopes to stand out in the sector with new technology that streamlines the production process.On Monday,...
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Another Home Price Report Defying The Odds
May 2nd, 9:57am
Home prices measured by CoreLogic's Home Price Index (HPI) posted their largest gains in nearly a year in March, continuing to confound the...
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Ocwen Stock Surges on Restructuring Efforts
May 2nd, 9:54am
Down but not out. It ain't over 'til its over... All available clichs may apply to Ocwen Financial Corporation. At...
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Homeownership Falls Back from Recent Gains
May 2nd, 9:50am
Posted To: MND NewsWireIn the second quarter of last year the homeownership rate hit its lowest level in U.S. Census Bureau reports going back 20...
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House Republicans shy of votes to pass healthcare reform: lawmaker
May 2nd, 9:37am
WASHINGTON (Reuters) - The head of the U.S. House of Representatives Freedom Caucus said on Tuesday that Republicans still lack the votes to pass...
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CoreLogic: Home prices continue upward trend in March
May 2nd, 9:20am
Home prices, to no surprise, continued their upward trend in March, increasing both year over year and month over month. And looking...
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Miami vs BofA a Mixed Bag for Banks
May 2nd, 9:06am
The Supreme Court ruled on Monday, in Bank of America Corp. v City of Miami, that cities can bring suits alleging discrimination under the Fair...
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MI Update - Radian in The NYT is Rarely a Good Thing
May 2nd, 8:55am
Overheard yesterday here at the National Secondary Conference: “She is not the brightest crayon in the box.” Funny. But there are...
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MBS Day Ahead: Bonds Keeping an Eye on Stocks
May 2nd, 8:28am
The relationship between stocks and bonds is difficult to speak about intelligently, unless you're prepared to define it in different ways...
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Freddie Mac first quarter profit withstands impact of rising interest rates
May 2nd, 8:02am
Freddie Mac started 2017 slightly down as the market adjusted to lower refinance volumes and rising interest rate levels in the first...
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It's official: Nationstar will become Mr. Cooper in August 2017
May 2nd, 8:00am
A journey that Nationstar Mortgage first began way back in 2015 is nearing its conclusion, as the company announced Tuesday morning that...
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Trump eyes breaking up big banks
May 2nd, 7:49am
CNBC's Eamon Javers reports President Trump is...
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Price Predicaments
May 2nd, 7:45am
Even as the mortgage credit box expands, input costs on labor and materials, and interest rates put tricky balances at risk....Read More
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Mnuchin to Wall Street: U.S. Is Serious About Ultra-Long Bonds
May 2nd, 7:43am
Bloomberg Mnuchin to Wall Street: U.S. Is Serious About Ultra-Long Bonds Bloomberg From the moment that Steven Mnuchin first hinted back in...
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Freddie Mac Reports First Quarter 2017 Financial Results
May 2nd, 7:42am
Freddie Mac Reports First Quarter 2017 Financial Results...Read More
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Integration Gives Buyers More Information
May 2nd, 5:41am
ATTOM Data Solutions and Auction.com have expanded their strategic partnership that makes Home Disclosure Reports powered by ATTOM Data...
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New Valuation Acquisition
May 2nd, 5:31am
Require Holdings, LLC, has completed its acquisition of Service 1st Valuation and Settlement Services, Inc. Service 1st is a leading provider of...
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Zillow officially launches RealEstate.com, new site for Millennials, first-time buyers
May 1st, 11:01pm
Zillow Group officially launched its new real estate search site, RealEstate.com, on Tuesday, unveiling a web experience designed to help...
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MBA Secondary: Experts see cause for optimism in MSR market
May 1st, 10:31pm
Compared to the state of the MSR market this time last year, experts on a panel about MSR liquidity at the MBA Annual Secondary...
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$445 Million RMBS Settlement at UBS
May 1st, 6:03pm
UBS has paid $445 million to settle alleged investor losses on residential mortgage-backed securities it peddled before the financial crisis.The...
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Require Holdings acquires Service 1st Valuation and Settlement Services
May 1st, 5:10pm
In its second acquisition for the year, Require Holdings announced it acquired Service 1st Valuation and Settlement Services, a provider...
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UBS Pays $445 Million to Settle Mortgage Securities Probe
May 1st, 4:51pm
Bloomberg UBS Pays $445 Million to Settle Mortgage Securities Probe Bloomberg UBS Group AG has paid $445 million to settle National Credit Union...
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Ocwen nearing massive MSR deal with New Residential
May 1st, 4:35pm
Amid some concerns that New Residential Investment may pull some of its mortgage subservicing from Ocwen Financial, the two companies are...
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Credit risk transfer market looks to expand as more investors join
May 1st, 4:09pm
The credit risk transfer market is getting ready for the possibility of GSE reform, as some industry experts forecast it could be coming...
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NCUA recovers $445 million from UBS for RMBS losses
May 1st, 3:50pm
The National Credit Union Administration announced it recovered even more money from losses over residential mortgage backed securities....
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NCUA recovers $445M from UBS over RMBS losses
May 1st, 3:50pm
The National Credit Union Administration announced it recovered even more money from losses over residential mortgage backed securities....
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NCUA recovers $445M from UBS for RMBS losses
May 1st, 3:50pm
The National Credit Union Administration announced it recovered even more money from losses over residential mortgage backed securities....
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NCUA recovers $445M from UBS in MBS suit
May 1st, 3:44pm
NAFCU's Carrie Hunt thanked the NCUA Board for its continued focus on transparency in response to the agency's announced recovery of $445 million...
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Ellie Mae CEO: Purchase market, not interest rates, driving mortgage refinancing
May 1st, 3:15pm
Ellie Mae President & CEO Jonathan Corr speaks...
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Here are 3 times when Trump's comments shocked financial markets
May 1st, 2:00pm
President Trump sent bank shares suddenly reeling Monday with some shocking comments. This is not the first time the new president has unnerved...
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Cardinal Financial premieres wholesale channel
May 1st, 1:56pm
Cardinal Financial Company announced the launch of Cardinal Financial Wholesale, its new wholesale channel. On top of this, the company...
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Supreme Court Rules Against Mortgage Lenders
May 1st, 1:47pm
The Supreme Court has ruled that cities have standing in lawsuits filed against mortgage lenders alleging discrimination.At issue are a pair of...
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Airbnb, San Francisco settle lawsuit over short-term rental law
May 1st, 1:24pm
SAN FRANCISCO (Reuters) - Airbnb and the city of San Francisco have settled a lawsuit over a local ordinance that had forbidden the home-rental...
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Rates Have Disproportionate Impact on Refi Pool
May 1st, 1:13pm
Posted To: MND NewsWireIt wouldn't be surprising to find both lenders and consumers suffering from whiplash following the first quarter of 2017....
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Consensus from MBA Secondary: The time for GSE reform is now
May 1st, 1:12pm
At the Mortgage Bankers Association’s Secondary conference in New York City, the FHFA gave an update on the secondary market in one of...
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More Deterioration in CMBS Delinquency
May 1st, 1:09pm
As more borrowers continue to default on balloon payments, the rate of late payments on securitized commercial real estate loans rose again.As of...
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Investors are getting the Fed—and the economy—all wrong
May 1st, 12:47pm
The recent moves in markets have belied the fact that the underlying economic environment remains soft, according to macro strategist Boris...
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Republicans shift into overdrive to pass Dodd-Frank replacement
May 1st, 12:37pm
The House Committee on Financial Services is set to mark up the Republican-led Financial CHOICE Act, the leading replacement for the...
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Residential Construction Spending Continues to Rise
May 1st, 12:19pm
Construction spending dipped slightly in March, although privately funded spending held its ground and residential construction activity was at a...
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New Mortgage Wholesaler Emerges
May 1st, 11:54am
A newly launched wholesale mortgage lender hopes to stand out in the sector with new technology that streamlines the production process.On Monday,...
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Ginnie Issuance Up Despite Fannie, Freddie Drop
May 1st, 11:42am
An increase in monthly mortgage securitizations at Ginnie Mae was enough to offset declines at both Fannie Mae and Freddie Mac.The trio of...
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US Treasury Secretary Mnuchin: Tax plan details will come out when we turn this into a bill
May 1st, 11:32am
U.S. Treasury Secretary Steven Mnuchin speaks with...
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Supreme Court rules cities can sue banks for predatory lending
May 1st, 11:21am
The Supreme Court handed down what could end up being a landmark ruling, stating that cities can sue banks for discriminatory mortgage...
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Interest rates, falling production and policy weigh on mortgage industry
May 1st, 11:00am
One topic that virtually nobody raises as a priority for 2017 is GSE reform, the subject of an extensive paper by the MBA and a panel at...
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Treasury Secretary Mnuchin says Trump tax plan will eliminate all deductions, except mortgage intere
May 1st, 10:59am
Treasury Secretary Mnuchin says Trump tax plan will eliminate all deductions, except mortgage interest and charitable...
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Ocwen Selling MSRs on Over $100 Billion in Loans
May 1st, 10:29am
Ocwen Financial Corp. is negotiating a deal that would eliminate its interest in mortgage servicing rights on more than $100 billion in loans.MSRs...
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Nearly $1 Billion in FDIC Losses from Bank Failure
May 1st, 10:29am
Last week's failure of a bank in New Orleans is likely to cost the the bank deposit fund nearly $1 billion. More credit unions than banks have...
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ISM Manufacturing index decreased to 54.8 in April
May 1st, 9:16am
The ISM manufacturing index indicated expansion in April. The PMI was at 54.8% in April, down from 57.2% in March. The employment index...
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MBS Day Ahead: Action-Packed With Fed, NFP, and Weekend Anxiety
May 1st, 8:27am
It's an action-packed week for global financial markets, with several major motivations to consider. First and foremost, this is the...
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New Products; Underwriter, LO Training; Legal News - Customer Info in the Cloud
May 1st, 8:27am
Do you think the regulatory environment in residential lending is tough to navigate? Just think about who is going to regulate flying cars? Dust...
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Fed's Cut in Huge Bond Holdings May Be Messier Than Yellen Hopes
May 1st, 8:21am
Bloomberg Fed's Cut in Huge Bond Holdings May Be Messier Than Yellen Hopes Bloomberg Federal Reserve Chair Janet Yellen has said she wants...
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Ben Bernanke: 3% growth 'a long shot'
May 1st, 8:00am
Former Federal Reserve Chairman Ben Bernanke,...
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Ben Bernanke: Neutral interest rates appear lower than in the past
May 1st, 8:00am
Former Federal Reserve Chairman Ben Bernanke,...
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Former Fed Chair Bernanke casts doubt on Trump's growth expectations
May 1st, 7:29am
If he was to bet on whether the economy would break the 3 percent barrier, Bernanke said, "I would take the under on...
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Congress Reaches Deal To Fund Government Through September
May 1st, 7:29am
With just a few days left until the May 5th deadline, members of the House and Senate have reached a new agreement to keep the government open...
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US Treasurys inch lower as Congress reaches deal to avert shutdown
May 1st, 7:28am
U.S. bond prices fell on Monday morning after a deal was reached to fund the government avoiding a shutdown....Read More
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Ben Bernanke: Fed's exit from easy money policy is on track
May 1st, 7:27am
Former Federal Reserve Chairman Ben Bernanke,...
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Monday Morning Cup of Coffee: S&P economist dissects Trump's first 100 days
Apr 30th, 11:01pm
So what’s the big deal about this weekend being the 100th day in office for President Donald Trump? An S&P economist breaks down the...
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May Kudos: Celebrating milestones, launches and awards in the mortgage industry
Apr 30th, 11:01pm
Top producers with Primary Residential Mortgage were invited to a Costa Rican elementary school during its 12th annual top producers...
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Company Spotlight: United Wholesale Mortgage
Apr 30th, 11:01pm
“Technology and consumer-driven tools are building momentum within the mortgage industry,” said Mat Ishbia, president and CEO of UWM....
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Silver bullet: Reverse mortgages offer golden opportunity for profitable loan growth
Apr 30th, 11:01pm
Fannie Mae’s National Housing Survey found that 37% of senior homeowners felt concern for their finances during retirement, yet only 6%...
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Secondary market forecast
Apr 30th, 11:01pm
About a week before the November 2016 election, the U.S. Treasury market started to move lower. The cause of this increase in yield on...
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Reimagining mortgages from a consumer perspective
Apr 30th, 11:01pm
The time has come for internal workflows to be reimagined or all we’ll end up with is a shiny new chassis with a traditional, manual,...
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How to lead a productive sales team
Apr 30th, 11:01pm
The Corporate Leadership Council recently conducted a study on the effectiveness of employee engagement in American business, surveying...
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Lending Leaders: Fannie Mae mitigates lender pain points with Day 1 Certainty
Apr 30th, 11:01pm
“The great thing about Day 1 Certainty is that it mitigates some long-time lender pain points,” said Andrew Bon Salle,...
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HOT or NOT May: What's trending in housing right now
Apr 30th, 11:01pm
Despite the current lack of inventory in the housing market, homebuyers can still successfully close on a house with a low down payment,...
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COFI ARM Index Sinks to New Record Low
Apr 29th, 8:28pm
Just a month after establishing an-all time low, the 11th District Cost of Funds Index moved lower and set another new record.As of March 2017,...
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Fannie's Delinquency at New Post-Crisis Low
Apr 29th, 7:35pm
New mortgage refinance activity tumbled this past week, dragging down overall home-lending activity. Government lending business, though, held...
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MBS RECAP: Month-End Buying Helps Bonds Hold Ground
Apr 28th, 6:18pm
Bond markets began the day in slightly weaker territory, with Treasuries following European yields higher in the overnight session....
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Blend and The Mortgage Collaborative partner to help more lenders go digital
Apr 28th, 4:29pm
The Mortgage Collaborative and Blend announced a partnership to bring the digital experience to a network of small, mid-sized, and...
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Airbnb agrees to let California conduct fair housing tests on hosts
Apr 28th, 4:20pm
California homeowners who rent out their properties on Airbnb could now potentially be the target of fair housing investigations, thanks...
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[Photos] Avilla Homes builds its first leased neighborhood in Texas
Apr 28th, 3:45pm
Avilla Homes opened its first leased neighborhood in Texas with a ribbon cutting ceremony in the Dallas area. Despite low inventory...
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Rising Trend in Mortgage Application Fraud Risk
Apr 28th, 3:41pm
For several months in a row now, the risk of home loan applications having bad or bogus data has been on the rise. Issues tied to robust real...
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Moody's: Canadian lumber tariff may take up to 6 months to impact U.S. homebuilders
Apr 28th, 3:15pm
The Trump administration recently announced a tariff on Canadian softwood lumber imported into the U.S. to address a long-standing issue...
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Mortgage Servicing Grows at Quicken Loans
Apr 28th, 1:51pm
An expansion in the size of its residential loan servicing portfolio was reported by Quicken Loans Inc. Originations, meanwhile, retreated.The...
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Mortgage Rates Unchanged Heading Into Fed Week
Apr 28th, 1:41pm
Posted To: Mortgage Rate WatchMortgage rates were unchanged today, holding onto modest improvements seen yesterday. In many ways, the past 2 days...
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Democrats fight back against Dodd-Frank replacement act
Apr 28th, 1:38pm
Financial Services Committee Democrats are not going to let the Republicans easily shut the door on discussing the Financial CHOICE Act....
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Housing industry praises Trump's selection of Pam Patenaude as HUD deputy secretary
Apr 28th, 1:32pm
For those in the housing industry, Pam Patenaude’s name is well known. So, it should come as no shock that the housing industry...
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Chicago PMI increases in April
Apr 28th, 12:58pm
Earlier, the Chicago PMI: April Chicago Business Barometer at 58.3 vs 57.7 in March The MNI Chicago Business Barometer increased to 58.3 in April...
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MSRs on Nearly $3 Billion in Gov Loans Sold
Apr 28th, 12:37pm
A transaction involving the sale of mortgage servicing rights on nearly $3 billion in government loans, including past-due accounts, has...
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Ten-X predicts existing home sales will drop in April
Apr 28th, 12:32pm
Ten-X predicts existing home sales will slip in April, coming down off March’s high. Despite this drop, economists explain the two...
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Texas Capital Bank mortgage finance division president to retire
Apr 28th, 12:23pm
“I’ve been privileged to be with an organization like Texas Capital Bank, which deeply values entrepreneurial thinking. We’ve built...
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Ellie Mae revenue jumps 26% in first quarter 2017
Apr 28th, 11:12am
Ellie Mae powered through industry declines in mortgage volumes and recorded a strong boost in revenue for the first quarter 2017. As...
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Consumer optimism sees slight uptick in April
Apr 28th, 11:04am
Consumer optimism edged up slightly in April, but not quite as high as the beginning of the month. Independents are more confident in the...
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Trump picks Pam Patenaude to serve as HUD deputy secretary
Apr 28th, 10:56am
Back in November, rumors began to emerge that the Trump administration was considering Pam Patenaude, who currently serves as the...
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CoreLogic Sees Signs of Credit Cracks
Apr 28th, 10:32am
Here we go again? Sam Khater, CoreLogic's deputy chief economist, says loan performance is beginning to show some cracks in what has been a...
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Cash Sales Share Remains Stubbornly High
Apr 28th, 10:29am
The share of sales that are all-cash continues at an elevated level. CoreLogic reports cash transactions accounted for 36.5 percent of all home...
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Economic growth may stink, but a pickup in inflation means the Fed will raise rates
Apr 28th, 9:57am
Growth slips to the worst pace in three years, but inflation jumped the most in six years....Read More
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Congress set to vote on heading off government shutdown
Apr 28th, 9:55am
WASHINGTON (Reuters) - The U.S. House of Representatives began debate on Friday on short-term legislation to avert a government shutdown at...
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Enforcing Fair Housing 49 Years after the Fair Housing Act
Apr 28th, 9:53am
As we come to the end of this year's Fair Housing Month, HUD's Office of Fair Housing and Equal Opportunity is reenergized and even more committed...
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Q1 GDP: Investment
Apr 28th, 9:53am
First, the soft Q1 GDP data is part of a recent trend of weak first quarters, and was mostly due to weak PCE and inventory adjustment - no...
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April consumer sentiment 97.0 vs. 97.9 expectation
Apr 28th, 9:35am
CNBC's Rick Santelli reports the latest read on...
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MBS Day Ahead: Bonds Sitting on a Big Fence Heading Into Next Week's Fed
Apr 28th, 9:31am
Bond markets are very much on a fence at the moment with respect to short and intermediate trends. There are a few ways we can measure...
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First quarter GDP shows sharp slowdown in economic growth
Apr 28th, 8:51am
Real GDP showed disappointing growth for the first quarter of 2017 with the worst growth in three years. Despite this sharp slowdown,...
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LendingQB Earns High Marks In Vendor Satisfaction, Customer Support in Annual STRATMOR Report
Apr 28th, 8:18am
LendingQB has earned high marks for its vendor satisfaction and customer support in STRATMOR Group’s most recent Technology Insights survey...
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LendingQB Earns High Marks In Vendor Satisfaction, Customer Support In Annual STRATMOR Report
Apr 28th, 8:18am
LendingQB has earned high marks for its vendor satisfaction and customer support in STRATMOR Group’s most recent Technology Insights survey...
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Q1 GDP up 0.7%
Apr 28th, 8:18am
CNBC's Rick Santelli breaks down the latest...
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Agency Updates; Another GSE Reform Plan; Bank M&A - Branches Still Popular
Apr 28th, 8:17am
For 2015, retail originators averaged total compensation of $88,415 versus $80,376 for Consumer Direct originators, per aSTRATMOR Insights...
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US economic growth weakened to 0.7% in first quarter
Apr 28th, 7:50am
The Commerce Department says the gross domestic product, the total output of goods and services, grew by just 0.7 percent in the first quarter...
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Yellen 'behind the curve' and playing catch up': Peter Boockvar
Apr 28th, 7:46am
Peter Boockvar, The Lindsey Group, talks about the...
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CFPB Spring 2017 Supervisory Highlights focuses on mortgage origination/servicing, student loan serv
Apr 28th, 7:32am
The CFPB’s newly-released Spring 2017 edition of Supervisory Highlights covers supervisory activities generally completed between...
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Feds seek fugitive who fled after being convicted in $16 million mortgage fraud scheme
Apr 27th, 5:28pm
Nearly a year ago, Oscar Ortiz, a 53-year-old contractor from the Houston area, pleaded guilty to conspiring to commit bank, mail and...
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MBS RECAP: Slightly Stronger, but Far From Finding Answers
Apr 27th, 5:20pm
Bond markets have a question. Will we or won't we be heading back into the sideways, post-election rate range? for top tier...
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Mortgage Rates Rise, Unlikely to Move Higher
Apr 27th, 5:20pm
This week's mortgage rates bounced off of the 2017 lows they descended to last week but are not likely to move higher over the next week.For the...
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Banc of California names Doug Bowers president, CEO
Apr 27th, 4:46pm
Banc of California announced Thursday that it selected Doug Bowers to serve as the bank’s new president and chief executive officer,...
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Mortgage Rates Fighting to Stay Near 2017 Lows
Apr 27th, 4:24pm
Mortgage ratesmoved lowertoday, following a policy announcement from the European Central Bank (ECB). Some investors were...
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Neat Capital unveils digital mortgage platform, acquires Whole Loan Solutions
Apr 27th, 3:45pm
Neat Capital, a Boulder, Colorado-based fintech mortgage lender that focuses on jumbo loans, announced that it launched a digital...
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Stonegate Mortgage shareholders "overwhelmingly approve" sale to Home Point Financial
Apr 27th, 3:07pm
Home Point Financial Corp.’s $211 million acquisition of Stonegate Mortgage Corp. is one step closer to being finalized after...
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No overriding reason to shut down the government: Expert
Apr 27th, 2:59pm
Dan Clifton, Strategas Research Partners head of...
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Rieder: Fed is still on its tightening path
Apr 27th, 2:59pm
Rick Rieder, BlackRock CIO of global fixed income,...
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Working From Home? Real-Estate Developers Are Here to Help
Apr 27th, 2:55pm
With more Americans working from home, architects and developers are designing spaces that spare residents from conducting business at a...
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HVS: Q1 2017 Homeownership and Vacancy Rates
Apr 27th, 2:55pm
The Census Bureau released the Residential Vacancies and Homeownership report for Q1 2017. This report is frequently mentioned by analysts and the...
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CFPB releases report promoting diversity in mortgage industry
Apr 27th, 2:27pm
The CFPB released a report today with what it calls innovative solutions for diversity and inclusion within the mortgage industry. The...
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Staffing Expands at loanDepot
Apr 27th, 1:45pm
As has been the trend this earnings season, mortgage originations declined on a quarter-over-quarter basis at loanDepot LLC. But the payroll...
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CoreLogic: Distressed sales drop to lowest level in nearly 10 years
Apr 27th, 1:45pm
Distressed sales continued to slip in January, hitting the lowest level in nearly a decade. CoreLogic’s report shows if distressed...
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The long journey ahead for tax reform and what it means for housing
Apr 27th, 1:12pm
Treasury Secretary Steven Mnuchin and White House Chief Economic Advisor Gary Cohn revealed the Trump administration’s tax plan on...
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First quarter homeownership rate underwhelms
Apr 27th, 12:17pm
Homeownership rates held steady in the first quarter in what one economist called an underwhelming report. The homeownership rate...
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Mnuchin declares support for Republican Dodd-Frank replacement
Apr 27th, 12:10pm
The Financial CHOICE Act, the Republican-crafted replacement for the Dodd-Frank Wall Street Reform and Consumer Protection Act, took its...
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Old Republic title insurance "far outpaced" last year's earnings
Apr 27th, 11:44am
Old Republic International Corporation’s Title Insurance earnings performed well in the first quarter 2017, far outpacing last year's...
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El-Erian: To sustain market move, need tax details and implementation
Apr 27th, 11:37am
Mohamed El-Erian, Allianz chief economic advisor...
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Rep. Jeb Hensarling: Repealing Dodd-Frank 'clearly a this-year priority'
Apr 27th, 11:37am
Rep. Jeb Hensarling (R-Texas), Financial Services...
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Northeast, West Drive Down Pending Home Sales
Apr 27th, 11:14am
The inventory of single-family properties that are under contract eased last month, with pending home sales in the Northeast and West leading the...
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Trump's tax plan alone won't get him the 3% economic growth he hopes for, Mohamed El-Erian
Apr 27th, 11:04am
"You need more," the Allianz chief economic advisor argues, citing infrastructure spending and the need to boost productivity....Read More
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Earnings Improve, Book Expands at Radian
Apr 27th, 10:33am
Despite retreating new business at Radian Group Inc., earnings improved, the book of business expanded and loan performance was better.Pretax...
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Radian: New mortgage insurance written jumps 25% in first quarter
Apr 27th, 9:44am
Radian Group's new mortgage insurance written jumped 25% in the first quarter 2017, helping drive a strong start to the year. And that...
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Atlanta Fed cuts first-quarter GDP growth view to 0.2 percent
Apr 27th, 9:29am
NEW YORK (Reuters) - The U.S. economy is on track to expand at a 0.2 percent annualized pace in the first quarter following weaker-than-forecast...
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Wild ride for euro after Draghi comments
Apr 27th, 9:29am
CNBC's Steve Liesman provides highlights from...
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Market opens mixed, durable goods number weaker than expected
Apr 27th, 9:29am
CNBC's Bob Pisani takes a look at what's...
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Painfully Low Inventory Saps Pending Home Sales
Apr 27th, 9:28am
Is there mostly good news in the negative number for March pending home sales? The National Association of Realtors says yes. The...
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Vendor Updates; Servicing: Who's Brokering, Buying, Selling, and Why?
Apr 27th, 9:20am
In a recent survey, 97% of millennials said that they were tired of being surveyed. Seriously, well that probably is seriously, according to a new...
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US durable goods orders rose 0.7% in March vs. 1.2% increase expected
Apr 27th, 9:15am
Orders for long-lasting factory goods were forecast to increase 1.2 percent in March, after rising 1.7 percent a month earlier....Read More
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US weekly jobless claims total 257,000 vs 242,000 estimate
Apr 27th, 9:15am
First-time claims for state unemployment benefits were expected to total 242,000 in the most recent week....Read More
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Lack of housing supply slows pending home sales in March
Apr 27th, 9:14am
Pending home sales dipped slightly in March as low levels of housing inventory created a strain on the market. Low inventory levels are...
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Fannie and Freddie, Back in the Black
Apr 27th, 9:12am
Fannie and Freddie, Back in the Black Bloomberg Fannie Mae and Freddie Mac were among the biggest disasters of the financial crisis. In September...
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Mortgage Rates Increase After Weeks of Decline
Apr 27th, 9:12am
Mortgage Rates Increase After Weeks of Decline...Read More
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MBS Day Ahead: Bond Markets Asks: Should I Stay or Should I Go?
Apr 27th, 8:06am
Posted To: MBS CommentaryAnother day, another chance for bond markets to assess whether they should re-enter the previous 2017 range (or...
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Freddie Mac: Mortgage rates increase after weeks of declines
Apr 27th, 8:01am
Mortgage rates increased this week after several weeks of declines. It is now once again above the 4% mark. Freddie Mac explains the...
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White House's Mulvaney says tax plan was intentionally vague
Apr 27th, 7:34am
White House's Mulvaney says tax plan was intentionally...
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ECB leaves rates unchanged, reiterates asset-purchase plans
Apr 27th, 7:33am
The European Central Bank, as expected, made no changes to interest rates Thursday and repeated that it could increase the size or lengthen the...
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Luxury Housing Market Off to a Strong Start in 2017
Apr 27th, 7:33am
Trump appointee home purchases contribute to 33 percent price surge in D.C.'s luxury market. The post Luxury Housing Market Off to a Strong Start...
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Why Trump should have ditched the mortgage-interest deduction
Apr 27th, 7:31am
Some experts say the mortgage-interest deduction exacerbates inequality in housing....Read More
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ATTOM: Average homeowner gains 24% return in equity since purchase
Apr 26th, 11:01pm
Homeowners are hitting decade highs in their accrued equity, as it increased by 24% since the time of purchase to the first quarter in...
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Freddie Business Bounces off 1-Year Low
Apr 26th, 7:37pm
Secondary activity bounced off a monthly low but just barely at the Federal Home Loan Mortgage Corp. Loan performance was better than it's been in...
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Flow Deal on GSE MSRs Could Reach $600 Mil
Apr 26th, 7:01pm
A new offering of mortgage servicing rights on as much as $600 million in government-sponsored enterprise loans has an East Coast...
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Step one: Republicans begin fight for Dodd-Frank replacement
Apr 26th, 5:49pm
The Republican-led Financial CHOICE Act started its long journey through Congress to try and replace the Dodd-Frank Wall Street Reform...
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Quicken Loans adds Casey Hurbis to lead marketing efforts
Apr 26th, 5:23pm
It seems that can’t more than a few minutes without seeing an ad from Quicken Loans, as the company pushes its Rocket Mortgage more and...
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Judge Removed from Bench for Mortgage Fraud
Apr 26th, 4:54pm
An Illinois judge who was indicted earlier this month for allegedly committing mortgage fraud has been removed from the bench.On April 12, Jessica...
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Another Plan Emerges for Fannie/Freddie Reform
Apr 26th, 4:15pm
Posted To: MND NewsWireLast week, with considerable fanfare , the Mortgage Bankers Association released its plan for reforming the housing finance...
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CoreLogic Expects Reauthorization, Maybe Even Reform, of Flood Insurance Program
Apr 26th, 4:14pm
Posted To: MND NewsWireAlthough it features a rather shameless pitch to play a major role in a reorganized National Flood Insurance Program...
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MBS RECAP: Bonds Bounce Back Before and After Tax Plan
Apr 26th, 4:14pm
Posted To: MBS CommentaryToday's main event was the release of the Trump administration's new tax plan. Markets didn't go overboard in...
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PRMI expands Florida footprint with new branch opening
Apr 26th, 4:02pm
Primary Residential Mortgage Inc. expanded its territory in Florida with its newest branch opening in Miami. The new location is complete...
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Homeownership in the Crosshairs of Latest Tax Plan
Apr 26th, 3:52pm
WASHINGTON (April 26, 2017) – Major reforms are needed to lower tax rates and simplify the tax code, but that shouldn’t come...
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Freddie Mac Issues Monthly Volume Summary for March 2017
Apr 26th, 3:51pm
Freddie Mac Issues Monthly Volume Summary for March 2017...Read More
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Mortgage bond trader Jesse Litvak sentenced to two years for fraud . . . again
Apr 26th, 3:39pm
The tale of the government’s pursuit of former Jefferies managing director and mortgage-backed securities trader Jesse Litvak may...
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Mortgage Lending, Servicing Sinks at Hilltop
Apr 26th, 3:25pm
Quarterly home lending was much slower at Hilltop Holdings Inc. Also tumbling was the size of the financial institution's mortgage servicing...
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SEC, Delaware accuse mortgage loan officer of running Ponzi scheme
Apr 26th, 3:04pm
A Delaware mortgage loan officer ran a Ponzi scheme that bilked more than $1.69 million out of investors who thought they were investing...
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Mortgage Rates Hold Ground After Tax Plan Release
Apr 26th, 2:59pm
Posted To: Mortgage Rate WatchMortgage rates were relatively unchanged today, but only after averaging the disparate changes from various lenders....
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Cara Krause joins Mortgage Capital Trading as regional sales director
Apr 26th, 2:48pm
Cara Krause, an experienced industry veteran, will handle business development and client management for new lender clients in the...
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Trump Administration Proposes 'Significant' Tax Overhaul And Tax Cut Plan
Apr 26th, 2:30pm
The details of the measure will be worked out in talks with Congress; the effect on the deficit is unknown....Read More
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Op-Ed: Here's the biggest problem with Trump's tax plan
Apr 26th, 2:30pm
Trump's tax cut plan is nothing more than a re-run of Reagan's "voodoo economics" and there is no evidence it will pay for itself, says Ron...
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More Homeowners Pay for Repairs With Credit Cards
Apr 26th, 2:13pm
A recent survey found that almost one-third of affluent homeowners, defined as those earning at least $100,000 a year, plan to use credit cards to...
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U.S. House may consider bill to fund government for a week: source
Apr 26th, 2:13pm
WASHINGTON (Reuters) - The U.S. House of Representative could move soon to consider a bill to fund the government for a week to avoid a shutdown...
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Integration Offers Borrowers A Digital Application Process
Apr 26th, 1:55pm
Black Knight Financial Services, Inc. is working with Lender Price to offer a consumer-facing interface that will deliver a digital loan...
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Churchill Mortgage Educates High School Students
Apr 26th, 1:18pm
In recognition of Financial Literacy Month and as part of its commitment to financial health and education, Churchill Mortgage is providing four...
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20-Point Increase Expected in Credit Scores
Apr 26th, 1:18pm
A change in the way some public records are included in consumer credit files is likely to increase scores without any meaningful change in...
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The White House just outlined its tax plan. Here's what's in it
Apr 26th, 12:44pm
"I think it's clear that the House, the Senate and the administration are all on the same page," Mnuchin said earlier....Read More
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Big Drop in HomeStreet Mortgage Originations
Apr 26th, 12:02pm
HomeStreet Inc.'s quarter-over-quarter decline in residential lending was at the high end of the industry. Mortgage servicing, however, grew.The...
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Mortgage experts agree: There is no housing bubble
Apr 26th, 12:00pm
With or without President Donald Trump, the housing market must go on. So as the world continues to tune in to Trump, HousingWire took a...
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Ocwen pulls a PHH: Asks court to declare CFPB unconstitutional, requests DOJ help
Apr 26th, 11:38am
Ocwen Financial is pulling a PHH. Just as PHH did recently, Ocwen is playing the unconstitutional card in its fight against the Consumer...
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Here's the real difference between Millennials and older generations
Apr 26th, 11:30am
The generational divide between Millennials and older generations such as Gen Xers, Baby Boomers and even the Silent Generation continues...
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Mnunchin: This will be biggest tax cut in US history
Apr 26th, 11:13am
Steven Mnuchin, Treasury secretary, talks about...
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Mnunchin: Our objective is to simplify taxes
Apr 26th, 11:13am
Steven Mnuchin, Treasury secretary, discusses what...
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Tax plans: Congress vs. Trump
Apr 26th, 11:12am
Jason Furman, former CEA chair, and Pam Olson,...
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Homebuyer demand suddenly falling off as inventory keeps shrinking
Apr 26th, 11:10am
Demand from homebuyers fell 14 percent in March compared to February, according to an index from Redfin....Read More
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New Home Prices
Apr 26th, 11:10am
As part of the new home sales report, the Census Bureau reported the number of homes sold by price and the average and median prices. From the...
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Mnuchin: White House to negotiate 15% corporate tax rate
Apr 26th, 11:08am
Wednesday is a big day for the Trump administration. Treasury Secretary Steven Mnuchin and White House chief economic advisor Gary Cohn...
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Refinances Drive Up Mortgage Applications
Apr 26th, 11:03am
A week-over-week, rate-driven surge was recorded for mortgage refinance applications, more than offsetting a decline in applications for loans to...
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Finding the right leaders for the C-Suite
Apr 26th, 11:00am
Today’s mortgage lenders are dealing with their own gauntlet of chaos that is testing the bounds of their “crews” – that is,...
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Ocwen Challenging CFPB Constitutionality
Apr 26th, 10:54am
A day after filing emergency motions to stop two states' cease-and-desist orders, Ocwen Financial Corp. is turning to the Constitution to defend...
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Two huge markets are sizing up Trump and making radically different bets
Apr 26th, 9:48am
Stocks have kept faith that President Trump will deliver on his promises as he nears his 100th day Saturday, but bonds are skeptical....Read More
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HUD Secretary Carson visits Columbus, Ohio
Apr 26th, 9:25am
HUD Secretary Ben Carson is embarking on the latest stop for his national listening tour – Columbus, Ohio. Carson will spend...
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Falling Rates Stoke Refinancing
Apr 26th, 9:04am
Mortgage application volume rose during the week ended April 21, solely from a significant increase in refinancing. The Mortgage Bankers...
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MBS Day Ahead: After Exiting Friendly Trend, Bonds Wait on Tax Plan for Next Cue
Apr 26th, 8:48am
The order of the day and week for domestic bond markets has been and will continue to be the break out from the recently friendly trend...
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Trump administration to unveil tax plan blueprint
Apr 26th, 7:48am
Wall Street’s attention will once again turn to...
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Treasury's Mnuchin confirms Trump will seek 15 percent corporate tax rate
Apr 26th, 7:46am
Mnuchin confirmed Wednesday that the tax plan the Trump administration will outline later will call for a 15 percent corporate rate....Read More
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Treasury's Mnuchin: This is going to be the biggest tax cut and largest tax reform in our count
Apr 26th, 7:46am
Treasury's Mnuchin: This is going to be the biggest tax cut and largest tax reform in our country's history|| 104426067...Read More
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Vendor News; AOT Mini-Bulk Execution; Fannie's Student Loan Endeavor
Apr 26th, 7:44am
How about this quote from the tech world? “If you're not paying for the product, you are the product.” If you don't want companies to...
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Lowest mortgage rates since election push refinances up 7%
Apr 26th, 7:14am
The refinance market came back to life last week, as mortgage rates fell further....Read More
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US Treasurys mixed as investors eye Trump's tax plan, auctions
Apr 26th, 7:13am
U.S. government debt prices were mixed on Wednesday as investors prepared for the release of President Donald Trump's tax plan and eyed further...
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MBA: Mortgage applications post slight uptick
Apr 26th, 6:05am
Mortgage applications continue to fluctuate and posted a slight increase, according to the latest data from the Mortgage Bankers...
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Mortgage Complaints Outperform Overall Complaints
Apr 25th, 6:33pm
Average monthly complaints filed for home loan products are doing better on a year-over-year basis than overall financial services complaints.In...
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Mortgage Technology Provider Ponders HQ Move
Apr 25th, 5:32pm
A provider of mortgage servicing technology is evaluating a possible move of its headquarters which are currently located in Wisconsin.Fiserv Inc....
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Ocwen Asks for Restraining Orders
Apr 25th, 5:23pm
Ocwen Financial Corp. has filed emergency motions to reverse cease-and-desist orders issued by two states over allegedly deficient servicing...
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U.S. Bank fined $15 million for bankruptcy filing violations
Apr 25th, 5:10pm
The Office of the Comptroller of the Currency announced Tuesday that it is ordering U.S. Bank National Association to pay a civil penalty...
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Flagstar CEO Running Mortgage Business
Apr 25th, 4:28pm
The chief executive officer ofFlagstar Bancorp Inc., himself, is jointly running the bank's mortgage banking business until a permanent...
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Experts: Spring home-buying season starts off with a bang
Apr 25th, 4:15pm
The spring home-buying season is in full swing, and experts are talking about the fierce competition, rising home prices and low...
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MBS RECAP: Bond Weakness Looking More and More Serious
Apr 25th, 3:56pm
Posted To: MBS CommentaryWith a 2nd day of fairly strong selling pressure in bond markets, the recent trend toward lower rates has been forcefully...
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Credit rating agencies ding Ocwen over CFPB, state regulator charges
Apr 25th, 3:31pm
In the wake of the Consumer Financial Protection Bureau and a growing group of state regulators accusing Ocwen Financial of widespread...
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Republicans float a spending deal without border wall funding, NBC reports
Apr 25th, 2:42pm
The White House has backed off its push for funding for a wall on the Southern border in a bill to keep the government open....Read More
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How will America's lumber fight with Canada impact homebuilders?
Apr 25th, 2:41pm
The lumber war between the U.S. and Canada goes way beyond the new tariff on lumber, U.S. Commerce Secretary Wilbur Ross announced on...
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Optimal Blue Integrates With CRM Player To Drive Efficiency
Apr 25th, 2:37pm
Optimal Blue has partnered with Total Expert Inc. to further increase productivity and drive revenue with robust contact and database management...
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Integration Furthers Adoption Of eSigning
Apr 25th, 2:31pm
Black Knight Financial Service’s LoanSphere Empower loan origination system (LOS) and LoanSphere Expedite Portal will be integrated with...
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Ocwen takes Massachusetts, Illinois to court to fight mortgage restrictions
Apr 25th, 1:39pm
Last week, a raft of state regulators clamped new business restrictions on Ocwen Financial for alleged rampant errors with homeowners’...
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Fannie Moves to Accommodate Student Loan Debt
Apr 25th, 1:16pm
At $1.4 trillion, student loan debt represents the U.S.'s second largest debt market behind mortgages and, in several recent surveys, younger...
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Trader bets on bond breakdown
Apr 25th, 1:14pm
Is a bond breakdown on the way? Trading Treasurys...
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Janet Yellen's successor at the Fed just might be Gary Cohn
Apr 25th, 1:13pm
Should Trump choose to replace Yellen when her term expires, he could turn to someone close by to fill the void....Read More
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There's a Huge Disagreement Between Bonds and Stocks