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Home Price Perception Index Holding Steady

The difference between owners' estimates of home values and appraisal values increased slightly in November across the U.S. Appraised values were an average of 0.36 percent lower than what homeowners expected, according to Quicken Loans' National Home Price Perception Index. The index represents the difference between appraisers' and homeowners' opinions of home values. The index… Read more...

Princeton Mortgage, Finicity Digitize Verifications

Princeton Mortgage is working with Finicity to automate borrower asset verification for lenders. The aim is to provide Princeton Mortgage loan officers and borrowers with a faster, simpler loan origination experience that reduces both paper and number of days required to close loans. Princeton Mortgage’s digital mortgage platform, SnapApp, will leverage Finicity’s verification of assets… Read more...

Stop! Think About This Daily

[caption id="attachment_7900" align="alignleft" width="300"] Brian Sacks[/caption]   By Brian Sacks This is the time of year, we are all making our plans for the upcoming 12 months. Most of us simply hope that everything will be ok? We hope rates will stay low. We hope the real -estate market will be active. We hope agents… Read more...

CFPB Alleges Village Capital Misled Veterans

The Bureau of Consumer Financial Protection filed a complaint in federal court that alleges Village Capital & Investment LLC, a non-bank mortgage company headquartered in Henderson, Nev., misled veterans by overstating the benefits of refinancing their mortgages. The case was filed in the United States District Court District of Nevada on Dec. 4. Village Capital… Read more...

FinTech Firm Acquires North American Title

States Title Inc. is acquiring the underwriting operations and retail title business of North American Title Group. The deal, which is expected to close in January, assuming regulatory approval in California and Arizona is obtained by year end, calls for States Title to acquire NATG's underwriter, North American Title Insurance Co., and a majority position… Read more...

Credit Availability Loosening (Slightly)

  The Mortgage Credit Availability Index increased 1.1 percent to 188.8 in November, signaling that credit was loosened last month. “The supply of credit continues to drift higher, driven once again by growth in the conventional credit space, while credit supply in government loans was essentially unchanged from the previous month,” said Joel Kan, associate… Read more...

Flipped Homes Hit Lowest Level Since 2015

The number of single-family homes and condos that were flipped fell to 45,901 in the third quarter of 2018, down 12 percent compared with a year ago, and the lowest level since the first quarter of 2015. Homes that were flipped in third quarter represented 5.0 percent of all single-family home and condo sales during… Read more...

Homebuyers Moving South

Of the homebuyers across the country who change states, most plan to head to the Sun Belt. According to the State Migration Study from LendingTree, most of the 12.1 percent of homebuyers who move from one state to another—will head south. More than two million new purchase mortgage loan requests for primary residences in all… Read more...

Mortgage Applications Increase, Including Refis

Mortgage applications increased 2.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Nov. 30, 2018. The results for the week ending November 23, 2018, included an adjustment for the Thanksgiving holiday. “Application activity increased over the week for both purchase and refinance… Read more...

TD Bank Digitizes the Mortgage Experience

  TD Bank has deployed Roostify's technology to provide customers with a digital mortgage offering. The digital experience combines lending technology licensed from Roostify with an originator that gives TD Bank’s customers an accelerated, low-stress path to home ownership. Access to an originator that can answer questions or resolve issues is an important factor in… Read more...

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