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Lending (1509)

Freddie: Mortgage Rates Increased Last Week

Freddie: Mortgage Rates Increased Last Week

Thursday, 31 January 2019
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Mortgage rates have inched up after weeks of moderating, according to the Primary Mortgage Market Survey from Freddie Mac. “Purchase applications were down this week after soaring early in the year,” said Sam Khater, chief economist for Freddie Mac. “However, softening house price appreciation along with increasing inventory of homes on the market, and historically… Read more...
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FHFA Names Roscoe Chief of Staff

FHFA Names Roscoe Chief of Staff

Thursday, 31 January 2019
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The Federal Housing Finance Agency appointed John Roscoe to serve as chief of staff. He will report to Joseph Otting, acting director of the agency and assume his new position on Feb. 4. “John is a dynamic and collaborative leader with a track record of success. He brings to the position the solid judgement that… Read more...
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SEC Filing: Black Knight Pays $375M for Potential Stake in D&B

SEC Filing: Black Knight Pays $375M for Potential Stake in D&B

Tuesday, 29 January 2019
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Black Knight, a member of a consortium that has agreed to acquire The Dunn and Bradstreet Corp., will spend most of the $375 million earmarked for the transaction to purchase the equity interests of another consortium member. Black Knight Inc. will invest $250 million to purchase the ownership interest of QIA FIG Holding, a Doha,… Read more...
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MBA: Mortgage Apps Drop 3%

MBA: Mortgage Apps Drop 3%

Wednesday, 30 January 2019
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Mortgage applications decreased 3.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending January 25, 2019. This week’s results include an adjustment for the Martin Luther King Jr. Day holiday. The Market Composite Index, a measure of mortgage loan application volume, decreased 3.0… Read more...
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CFPB: Servicing Was Borrowers' Top Complaint

CFPB: Servicing Was Borrowers' Top Complaint

Tuesday, 29 January 2019
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Borrowers complained more to the Consumer Finance Protection Bureau about mortgage servicing issues than any other problem with their mortgages. Fully 11 percent of the complaints the bureau received were mortgage related, and 42 percent of them were from borrowers that had “trouble during [the] payment process,” according to “Complaint Snapshot: Mortgage” from the CFPB.… Read more...
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S&P CoreLogic: Rate of Home-Price Increases Slowing

S&P CoreLogic: Rate of Home-Price Increases Slowing

Tuesday, 29 January 2019
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The S&P CoreLogic Case-Shiller Indices showed that the rate of home-price increases across the U.S. had continued to slow in November. [caption id="attachment_9470" align="alignleft" width="240"] Blitzer: Low inventories are supporting home prices.[/caption] “Home prices are still rising, but more slowly than in recent months. The pace of price increases are being dampened by declining sales… Read more...
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Angel Oak Securitizes $609M of Non-QM Mortgages

Angel Oak Securitizes $609M of Non-QM Mortgages

Sunday, 27 January 2019
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Angel Oak Capital Advisors has completed a $609 million securitization primarily composed of non-QM residential mortgages. The securitization was backed primarily by loans originated through sister companies, or affiliates, including Angel Oak Mortgage Solutions LLC, Angel Oak Home Loans LLC and Angel Oak Prime Bridge LLC. The transaction was rated by both Fitch and Dunn… Read more...
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First American's November Real House Price Index Rises

First American's November Real House Price Index Rises

Monday, 28 January 2019
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Real house prices increased 0.8 percent between November and October 2018, according to the First American Real House Price Index. Real house prices increased 15.3 percent year over year. Consumer house-buying power, how much one can buy based on changes in income and interest rates, decreased 0.04 percent between October 2018 and November 2018, and… Read more...
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Five Critical Factors to Consider When Developing a Digital Mortgage Strategy

Five Critical Factors to Consider When Developing a Digital Mortgage Strategy

Friday, 25 January 2019
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By Mikhail Cook We are now a few years removed from the Super Bowl commercial that shook the slow to change mortgage industry to its core. But, frankly, it was needed. Having worked in mortgage technology for the past 17 years, it has always been amazing to me how slow the industry has been to… Read more...
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Bucking the Trend, SB Financial Increased Originations in ‘18

Bucking the Trend, SB Financial Increased Originations in ‘18

Friday, 25 January 2019
Lending
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SB Financial Group Inc. increased mortgage origination volume in 2018, though the business environment was challenging for lenders. The bank originated mortgage origination volume of $342.1 million, an increase of $26.3 million, or 8.3 percent, compared with 2017. [caption id="attachment_9395" align="alignleft" width="223"] Mark A. Klein[/caption] "Despite rising rates and inventory pressure, we increased our mortgage… Read more...
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