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Total home equity in the United States mortgage market has risen nearly $1 trillion year-over-year to $7.6 trillion, the highest level since 2007, according to Black Knight Financial Services.
September 8 -
Mortgage companies must rethink their recruitment strategies and emphasize company culture to attract millennials, or they will become the banks they once worked to replace.
September 8
Cultural Outreach -
Years after the great American housing bust, mortgages akin to the so-called liar loans which were made without verifying peoples finances are creeping back into the market.
September 8 -
Guaranteed Rate has added 75 former Discover Home Loans employees as well as the Irvine, Calif., call center facility that they worked at.
September 4 -
Home Equity Conversion Mortgages have gotten a bad rap, but they're often a better alternative to home equity lines of credit for both borrowers and lenders.
September 4
Wendover Consulting -
Non-bank originators add 3,200 new employees in July.
September 4 -
Randolph Savings Bank in Massachusetts has agreed to buy First Eastern Bankshares in Andover, Mass.
September 4 -
Mortgage professional hiring and new job appointments for the week ending Sept. 4.
September 4 -
Two top Justice Department and CFPB officials said this week that they are seeing more instances of redlining and lenders steering minority borrowers into higher cost loans.
September 3 -
Wells Fargo has named Michael DeVito head of mortgage production, making him responsible for its retail and correspondent lending divisions.
September 3 -
The Hispanic Federation and New York Urban League have partnered to encourage homeownership among low-income and minority groups and to provide financial education.
September 3 -
Mortgage credit availability loosened in August as lenders have more jumbo loan products and added loans for borrowers with less-sterling credit, according to the Mortgage Bankers Association.
September 3 -
Interest rates on fixed-rate mortgages rose this week as the stock market remained volatile, according to Freddie Mac.
September 3 -
Regulators are unsympathetic to lender losses created by loan officer mistakes, but even with a close reading of compensation rules, a compliant path is still unclear.
September 3
Offit | Kurman -
Almost half of single-family houses in the New York and Washington metropolitan areas are losing value, a sign that buyers' tolerance for high prices in many large U.S. cities may be reaching a limit.
September 3 -
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.
September 2 -
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.
September 2 -
Lenders must leverage a variety of tools, from Boomer parents to mobile technology to connect and engage with millennial mortgage borrowers.
September 2
ISGN -
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.
September 2 -
Home prices rose 6.9% in July compared to a year ago, according to CoreLogic.
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