MReport spoke to Ray Brousseau, President, Carrington Mortgage Services, LLC, and Andrew Taffet, Chief Investment Officer and Head of Asset Management, The Carrington Companies on what drives their ...
Read More »Study Says: Home Affordability at its Lowest Since 2009
How much does it take to buy an average single-family home in the country? The answer would be approximately $283,000 according to Black Knight Inc’s Mortgage Monitor Report ...
Read More »RE/MAX Acquires Technology Firm booj
Real estate brokerage firm RE/MAX acquired booj, an award-winning Colorado-based web design, and technology company as part of its technology strategy. Moving forward, RE/MAX will leverage the capabilities ...
Read More »Lee Wardlow to Lead Loan Servicing at BOK Financial Mortgage
Tulsa, Oklahoma-based BOK Financial Mortgage, a division of BOK Financial, has named mortgage veteran Lee Wardlow to lead the company’s loan servicing business. Wardlow most recently served 15 ...
Read More »The Week Ahead: Focus on Construction Jobs
The Bureau of Labor Statistics will release its monthly employment data for February 2018 on Friday, March 9 at 8:30 a.m. EST. The report looks at nonfarm payroll ...
Read More »Mortgage Loan Originations Become Less Profitable
Mortgage origination profitability fell to its lowest in January 2018 as mortgage volumes responded to the rising interest rates during the month according to data in the February ...
Read More »10 Most Gentrified ZIP Codes in the U.S.
As an area expands, so does its population. Over time, as people, home values, and incomes change, so does the area. Many areas in a city remain the ...
Read More »30-Year Fixed Mortgage Rates Rise for Eighth Consecutive Week
The 30-year fixed mortgage rate increased again this week, marking the eighth consecutive week that these rates have seen a rise according to the latest Primary Mortgage Market ...
Read More »Inventory’s Low, So Why Aren’t More Homes Being Built?
The high cost of construction, labor shortages, and regulatory costs are just some of the factors that are keeping builders from making new homes, leading to a shortage ...
Read More »Defect Frequency in Mortgage Apps on the Rise
The frequency of defect, fraud, and misrepresentation in information submitted during the mortgage application process has increased over the past year according to the First American Loan Application Defect ...
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