Subscribe to this RSS feed
Originating

Originating (1370)

$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
Originating
Written by
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...
Tagged under
NAMB, Lender Price Unveil NAMB Marketplace

NAMB, Lender Price Unveil NAMB Marketplace

Monday, 14 January 2019
Originating
Written by
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...
Tagged under
Dallas-Based Team Increases Profitability 35%

Dallas-Based Team Increases Profitability 35%

Friday, 11 January 2019
Originating
Written by
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...
Tagged under
Freddie Mac: Mortgage Rates Drop Significantly

Freddie Mac: Mortgage Rates Drop Significantly

Friday, 11 January 2019
Originating
Written by
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...
Tagged under
Movement Acquires 35 Branch Offices from Eagle Home Mortgage

Movement Acquires 35 Branch Offices from Eagle Home Mortgage

Wednesday, 09 January 2019
Originating
Written by
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...
Tagged under
Newfi Lending Launches 2-1 Buydown Program

Newfi Lending Launches 2-1 Buydown Program

Tuesday, 08 January 2019
Originating
Written by
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...
Tagged under
Guild Mortgage Deploys Technology Providing Insights Into Borrowers’ Home Finances

Guild Mortgage Deploys Technology Providing Insights Into Borrowers’ Home Finances

Wednesday, 09 January 2019
Originating
Written by
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...
Tagged under
UWM Promises the Lowest Rates in the Industry

UWM Promises the Lowest Rates in the Industry

Monday, 07 January 2019
Originating
Written by
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...
Tagged under
Will the Government Shutdown Lead to Origination Delays?

Will the Government Shutdown Lead to Origination Delays?

Tuesday, 08 January 2019
Originating
Written by
The effects of the federal government shutdown on the housing market are wide-ranging and personal--unpaid workers still have to pay their mortgage, while aspiring homeowners might see their loans in limbo. [caption id="attachment_8411" align="alignright" width="289"] The government shutdown could delay loan closings, according to Zillow.[/caption] About 800,000 workers aren't being paid, about 380,000 are furloughed… Read more...
Tagged under
Gen-Xers, Older Millennials Prefer Stocks to Real Estate

Gen-Xers, Older Millennials Prefer Stocks to Real Estate

Sunday, 06 January 2019
Originating
Written by
Less than half of homebuyers and sellers between the ages of 35 and 44 believe that real estate is a better long-term investment than the stock market, according to a survey from Redfin, a real estate brokerage. Buyers who reached the median first-time homebuyer age of 31 years old between 2008 and 2012 during the… Read more...
Tagged under

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline