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Manafort asks judge to throw out mortgage fraud case

Manafort asks judge to throw out mortgage fraud case

Wednesday, 11 September 2019
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Paul Manafort, the former campaign chairman for President Trump, has formally asked a judge to toss the New York mortgage fraud case against him. So reports the Associated Press. Read more...
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Trump Plan to Privatize Fannie, Freddie Released

Trump Plan to Privatize Fannie, Freddie Released

Tuesday, 10 September 2019
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The Trump administration has unveiled its widely anticipated plan to end government control of Fannie Mae and Freddie Mac. So reports CNBC. Read more...
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Mortgage Production Profits Rise in Q2 to Highest Level Since 2016

Mortgage Production Profits Rise in Q2 to Highest Level Since 2016

Monday, 02 September 2019
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Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a net gain of $1,675 on each loan they originated in the second quarter of 2019, up from a reported gain of $285 per loan in the first quarter of 2019, according to the Mortgage Bankers Association’s Quarterly Mortgage Bankers Performance Report. Read more...
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July Breaks 16-Month Streak of Declining Annual Home Price Growth: Black Knight

July Breaks 16-Month Streak of Declining Annual Home Price Growth: Black Knight

Thursday, 05 September 2019
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After 16 straight months of declines, falling interest rates helped to improve the national affordability landscape and stem the slowdown as annual home price appreciation rose in July. That's according to an upcoming report from Black Knight. Read more...
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The Nuttiness of Today’s Digital Transformation Focus

The Nuttiness of Today’s Digital Transformation Focus

Friday, 06 September 2019
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There is no other topic in financial circles more sizzling than digital transformation. The buzz is everywhere: conferences, trade papers and webinars. It is like Y2k on steroids. But are we looking at digital transformation the wrong way? I think so. Here’s why we need to change our mindset. Read more...
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Bill Bodnar of MMG: Why Are MBS Going Nowhere?

Bill Bodnar of MMG: Why Are MBS Going Nowhere?

Monday, 02 September 2019
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Bill Bodnar from the Mortgage Market Guide recaps the week, discusses what's ahead during the week of Labor Day and why mortgage backed securities are in a sideways to lower pattern. Read more...
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Banks Go On Hiring Binge As Refinances Surge

Banks Go On Hiring Binge As Refinances Surge

Tuesday, 03 September 2019
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With interest rates at historic lows and refinancing activity booming so far this year, banks have been hiring mortgage staff again. So reports Bloomberg. Read more...
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Home Prices Rise Slightly in June

Home Prices Rise Slightly in June

Wednesday, 04 September 2019
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Price growth for homes in 20 U.S. cities decelerated in June. So reports the Associated Press. Read more...
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Mortgage Activity Drops Amid Economic Concerns

Mortgage Activity Drops Amid Economic Concerns

Monday, 02 September 2019
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Investors worries about the global economy have trickled over into the U.S. mortgage market. So reports Reuters. Read more...
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Ask the Expert: Why Are My Referral Requests Failing?

Ask the Expert: Why Are My Referral Requests Failing?

Thursday, 29 August 2019
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By Dave Hershman, Senior Vice President, Sales of Weichert Financial Q: Everyone keeps telling me that I should ask for referrals from my borrowers. I always do after the loan closes, yet I rarely get referrals even though my service is great. What could I be doing wrong? --Peter from Philly Read more...
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