Mortgages

While Freddie Mac reported the 30-year fixed rate loan increased, other data providers show that product's pricing dropped from seven days earlier.

The company also has plans to bring on board $37 billion in subservicing contracts in line with its acquisition of Rushmore Loan Management Services.

The National Association of Realtors' index of contract signings to purchase previously owned homes dropped 5.2% in March to 78.9, according to data released Thursday.

Consumers are receiving demand letters on loans they have not had any communication about in at least 10 years, the regulator said.

Last year was a tough year for the mortgage industry, but the best of the best managed to keep their volumes high.

As of April 19, the state program has distributed close to $100 million in mortgage and utility money to 19,123 applicants.

Borrowers across all income levels and purchase price levels sought the discounts as interest rates rose past 7% last year.

Conventional and government-backed purchases both increased last week, even with a 12 basis point surge in the 30-year conforming average, the Mortgage Bankers Association said.

Tax lien forfeitures have unjustly taken from thousands of homeowners a combined $860 million in remaining proceeds from foreclosure sales, attorneys claim.

Business owners or employees in this line of business can apply for a non-QM loan in 38 states that have legalized recreational or medical use of marijuana.

Depending on the state, the range is from $1.7K to $3.7K based on loan offers made on the site.

A couple small deals with some unusual regional concentration also are in the market and one broker says many billions of dollars more are in the pipeline.

Taking a second look at those who were denied credit is very costly for lenders under the FHA's antiquated rules, writes the Chairman of Whalen Global Advisors.

Home loan volume is slowing, heightening the need for effective outreach to new leads for lenders. Join industry mortgage marketing leaders for a discussion about best practices in the current landscape.

The transaction is the second of its kind in the past six months and comes as the mortgage leaders take steps to develop document standardization that would ease electronic closings and trading of the home equity loans.

They rose 2% from a year earlier in February, slower than the 3.7% increase in January, according to data from S&P CoreLogic Case-Shiller. 

The wholesaler, which is in the process of buying Homepoint's business, in its first major product announcement introduces a buy before you sell offering.

Purchases of new single-family homes increased 9.6% to an annualized 683,000 pace last month from a downwardly revised 623,000 rate in February, government data showed Tuesday.

This and other issues related to measures that manage risk challenge participation, stakeholders told the Federal Housing Administration.

This and other issues related to measures that manage risk challenge participation, stakeholders told the Federal Housing Administration.