News

Domestic-based, end-to-end mortgage services provider LenderLive has announced the hiring of Scott Banks as the new SVP of Finance, Mortgage Services.

OpenClose and Lending & Banking Automation Software announced that they have teamed up to provide an automated loan compensation process, which will no longer require companies to manually track commission and payouts. OpenClose is an enterprise-class, multi-channel, end-to-end loan origination system provider and LBA Ware provides commission automation software.

With one last opportunity to raise rates this year, many believe that the the Federal Open Market Committee just may follow though with an obscure promise made in the last meeting in October. The Collingwood Group Chairman Tim Rood debated the possible rate hike in December and other topics on Fox Business Network’s Cavuto.

So how adversely does student debt affect consumers' ability to get a mortgage loan? A report from the Federal Reserve Bank of Cleveland released Monday showed that as the percentage of younger consumers with student loan debt rose over the last ten years, those with a mortgage declined.

One of the enduring criticisms of the Dodd-Frank Wall Street Reform Act of 2010 is that it codifies “too big to fail” and allows the government to continue to financially rescue firms that are deemed systemically important.

A group of Citigroup Inc., investors recently filed a lawsuit against the bank, with the allegations that the bank failed to address problems related to toxic residential mortgage-backed securities.

First-time buyers may want to turn their attentions toward suburbs in 2016. As home prices are showing no signs of slowing down, affordability becomes a larger issue when purchasing a home.

NAR Chief Economist Lawrence Yun believes pending home sales have been restrained in the fall season as "buyers struggle to overcome a scant number of available homes for sale and prices that are rising too fast in some markets."

Black Knight Financial Services' Data and Analytics division released its September 2015 Home Price Index report, finding that U.S. home prices rose marginally by 0.1 percent in September.

When it comes to predicting the future of the market, the best indicator is in 2015’s housing data. Editor's note: This select print feature appears in the November 2015 edition of MReport magazine, available now.