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Freddie Has Lent $50B to Low- and Moderate-Income Borrowers

Freddie Has Lent $50B to Low- and Moderate-Income Borrowers

Monday, 14 January 2019
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Freddie Mac provided more than $50 billion in home mortgages to 262,328 families through its Home Possible mortgage origination program. The program assists low- to moderate-income homebuyers by offering a three-percent down payment solution from a variety of funding sources to families that meet or exceed a rigorous assessment process. “Home Possible is transforming the… Read more...
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10 Hottest Neighborhoods in the U.S.

10 Hottest Neighborhoods in the U.S.

Tuesday, 15 January 2019
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Expensive coastal hubs remain the most coveted places to live, but neighborhoods in Baltimore and Philadelphia are gaining popularity as the most desired, affordable neighborhoods in 2019, according to “Hottest Affordable Neighborhoods” a new report from Redfin. Neighborhoods in Chicago, the Portland, Oregon and Boston metro areas and San Antonio also show up in the… Read more...
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$1K Price Increase Means 130, 000 Households Can’t Buy a Home

$1K Price Increase Means 130, 000 Households Can’t Buy a Home

Sunday, 13 January 2019
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A $1,000 increase in the cost of a median-priced newly-built home, pushes 127,560 prospective buyers out of the market, notes a survey. These households would be able to qualify for a mortgage to purchase the home before the price increase, but not afterward, according to a recent study by the National Association of Home Builders.… Read more...
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NAMB, Lender Price Unveil NAMB Marketplace

NAMB, Lender Price Unveil NAMB Marketplace

Monday, 14 January 2019
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The National Association of Mortgage Brokers and Lender Price unveil the NAMB Marketplace, providing brokers with easy access to dozens of lenders and vendors. The marketplace is a new feature of the NAMB Toolbox that delivers access to an interface through which originators can interact with prospects and have access to thousands of loan programs.… Read more...
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Dallas-Based Team Increases Profitability 35%

Dallas-Based Team Increases Profitability 35%

Friday, 11 January 2019
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The Cooksey Team, a Dallas-based retail branch of Mid America Mortgage Inc., has achieved year-over-year growth in volume and profitability for the sixth year running. In 2018, The branch increased overall volume by 27 percent compared with the previous year and increased the number of loan units closed by 28 percent. In addition, the branch… Read more...
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Freddie Mac: Mortgage Rates Drop Significantly

Freddie Mac: Mortgage Rates Drop Significantly

Friday, 11 January 2019
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Mortgage rates have dropped significantly across the board, according to the “Primary Mortgage Market Survey” from Freddie Mac. “Mortgage rates fell to the lowest level in nine months, and in response, mortgage applications jumped more than 20 percent,” said Sam Khater, Freddie Mac’s chief economist. “Lower mortgage rates combined with continued income growth and lower… Read more...
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Movement Acquires 35 Branch Offices from Eagle Home Mortgage

Movement Acquires 35 Branch Offices from Eagle Home Mortgage

Wednesday, 09 January 2019
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Movement Mortgage, a national top-10 retail mortgage lender, has expanded its Pacific Northwest and Mountain West capabilities by agreeing to acquire the retail mortgage operations of Eagle Home Mortgage LLC. The transaction is expected to add $1.5 billion in additional annual mortgage loan volume to Movement's origination platform. The acquisition, which is scheduled to close… Read more...
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Newfi Lending Launches 2-1 Buydown Program

Newfi Lending Launches 2-1 Buydown Program

Tuesday, 08 January 2019
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Newfi Lending has launched of a 2-1 buydown program that’s designed to help consumers, realtors, and brokers. The product is designed to meet the needs of home sellers and buyers in this rising interest rate market. As the home purchase market moves from a seller's to a buyer's market across the U.S., realtors and builders… Read more...
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Guild Mortgage Deploys Technology Providing Insights Into Borrowers’ Home Finances

Guild Mortgage Deploys Technology Providing Insights Into Borrowers’ Home Finances

Wednesday, 09 January 2019
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Guild Mortgage has licensed Homebot, a personalized financial dashboard that enables loan officers to provide borrowers with a better understanding of their home finances. [caption id="attachment_8828" align="alignright" width="291"] Guild employed the technology, so loan officers could serve as 'trusted advisors.'[/caption] The technology enables loan officers to offer customers relevant data, economic insights and market intelligence… Read more...
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UWM Promises the Lowest Rates in the Industry

UWM Promises the Lowest Rates in the Industry

Monday, 07 January 2019
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United Wholesale Mortgage will begin to provide mortgage brokers with the best rates and pricing in the U.S. According to the company, it has been competitive in terms of rates, regularly ranking near the top of most rate comparisons, but was recognized by mortgage brokers more for its service, process, technology and partnership tools—and not… Read more...
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