HMDA Data Expected to Brighten Mortgage Outlook
The Home Mortgage Disclosure Act data set to be released in the next few weeks will offer new proof that mortgage lending activity was stronger than expected last year. That fresh data, the likely delay in Fed action on rates and other factors could prompt higher volume estimates for 2015.
After a Family Crisis, Top Producer Gives Thanks with Every Loan
After his son was born with a number of serious medical conditions, Atlantic Coast Mortgage's Thad Musser has made it a personal mission to show gratitude to the hospital responsible for his treatment. Little did he know these gestures would help him bond with customers who have faced similar experiences.
Portland's Largest Micro-Apartment Building Back on the Market
The Freedom Center, a 150-unit development in the Pearl District, failed to sell the last time it was available two years ago.
Embrace Transparency and Tech to Attract Millennial Borrowers
Lenders must leverage a variety of tools, from boomer parents to mobile technology to connect and engage with millennial mortgage borrowers.
Mortgage Apps Up 11% over Last Week: MBA
Mortgage applications rose 11.3% from a week earlier on a seasonally adjusted basis for the week ending Aug. 28, according to the Mortgage Bankers Association.
Walter Mondale: 'Fair Housing Act Has Unfinished Business'
When then-U.S. Sen. Walter Mondale wrote the law to end housing discrimination in 1968, he expected it to halt residential segregation and replace ghettoes with integrated neighborhoods.
Home Prices Rose 6.9% in July on Yearly Basis: CoreLogic
Home prices rose 6.9% in July compared to a year ago, according to CoreLogic.
Fraud Risk Declines as Originators Improve Practices: Fitch
Fraud risk has diminished as a result of widespread changes that lenders have made to their origination practices, according to Fitch Ratings.
Mortgage Credit Access Tightens Up in 1Q: Zillow
Mortgage credit got harder to obtain during the first quarter, although economists expect access to credit will continue to gradually improve, according to Zillow.
M&T Bank to Settle Mortgage Steering Lawsuit in N.Y.
M&T Bank has agreed to pay $485,000 and change its lending policies to settle a lawsuit that accused the Buffalo, N.Y., company of racial discrimination in making mortgage loans.
Miami Developers, Contractor to Plead Guilty in Affordable Housing Scam
The federal prosecution of an elaborate affordable-housing racket that cost taxpayers $36 million will reach a critical turning point this week: Four prominent Miami developers and a major Fort Lauderdale contractor plan to plead guilty to theft of government funds.
Credit Unions Are Ramping Up Their Mortgage Lending Business
Credit unions are no longer the tiny cooperatives they were a generation ago.
Chicago Developer, Builders Group Sue City over Affordable Housing Rule
A Chicago developer and a trade group representing local homebuilders have filed a lawsuit against the city for its affordable housing requirements, two months before even more stringent rules are set to take effect.
CEO's Resignation May Portend Stonegate's Pursuit of an Acquirer: Analyst
The resignation of Stonegate Mortgage founder and CEO Jim Cutillo will likely result in either the quick hiring of a replacement CEO to execute Stonegate's business plan or the company being acquired, according to analysts at FBR Capital Markets.
Fannie, Freddie to Jockey Over Low Down Payment Loans
Key advantage: If housing finance agencies buy loans, Fannie and Freddie do not charge certain fees, said Norbert Deslauriers, interim head of the Connecticut Housing Finance Agency.