Home >> News >> Servicing (page 346)

Servicing

Mortgage Applications Spike, Continuing Trends

Mortgage applications jumped by 4.1 percent this week, up from one week earlier, reflecting rock bottom for 15-year fixed-rate loans and unsure homebuyers still eager to refinance. Meanwhile, home purchases fell, according to a weekly survey made public by the Mortgage Bankers Association. Good for mortgage rates, the low numbers persist in driving few homebuyers back to a jumpy and uncertain market. Contract rates for 15-year loans fell hit rock bottom for the first time in the history of the survey.

Read More »

Guardian Goes with MortgageFlex

MortgageFlex Systems, Inc. has added a new client to its admirable roster, recently signing Guardian Mortgage Company, Inc. to enhance its origination processing requirements and streamline communications.

Read More »

Van Eck Releases New Market Vectors ETF

Van Eck Global is enhancing its product offerings, recently debuting its Market Vectors Mortgage REIT Income exchange-traded fund, dubbed MORT in company lingo. The new program will give users play exposure to REITs.

Read More »

What’s Killing the American Dream of Homeownership?

Once the star of the American Dream, homeownership has fallen on hard times, a victim of the financial crisis and wary homeowners. With home sales at record lows despite rock-bottom mortgage rates and home prices, some say a country once beholden to the mortgage note is now a nation at the behest of landlords. The story sets up a classic whodunit, begging the question: Who set up homeownership to take the fall? Apartment vacancies continue to plummet alongside home prices around the country.

Read More »

Freddie’s Outlook Portrays a Roller Coaster Housing Market

Freddie

Mortgage giant Freddie Mac released an economic outlook Tuesday that portrays the housing economy as one cramped by recent turmoil, with less-than-favorable signs for a recovery despite historically low interest rates and home prices. Comparing the economy to a roller coaster, the outlook forecasts a long ride ahead for a gasping recovery, with interest rates and home prices sure to remain low. The outlook cites employment numbers, economic growth, mortgage rates, and home prices.

Read More »

Trulia: Home Affordability Outpaces Rental Costs

Volatile markets and low home sales are colluding to force mortgage rates to historic lows and sellers to mark off home prices, making actual home purchases less expensive than renting in cities across the United States. Buying a home fell below renting costs in 74 percent of the country's 50 largest cities over July, with 12 percent of cities seeing higher price tags for apartments than for houses, according to real estate Web site Trulia. Bottom line: Peak numbers for home affordability make closing on rates a better deal.

Read More »

Bank Failures Hearing Goes After Regulators

With the latest bank failure tallying up numbers for 2011 at 64, lawmakers convened a field hearing in Georgia Tuesday to determine whether risk-wary authorities are to blame for folding institutions and federal rescues. Appearing as witnesses, several bank presidents complained of a stifling regulatory environment, which federal regulatory authorities, in turn, portrayed as needed and helpful in the wake of the financial crisis. According to the FDIC, this year's 64 failures followed 157 from last year, which built on 140 failures over 2009, totaling 380 failures since 2008.

Read More »

Ellie Mae Makes Major Acquisition

Ellie Mae. is growing its customer base and mortgage origination facilitation through the acquisition of Del Mar DataTrac, Inc. The recently announced transaction is projected to increase Ellie Mae's market share, putting them on track to originate nearly 30 percent of all residential mortgages in the U.S. this year.

Read More »

WFG Welcomes New VP

WFG National Title Insurance Company has a new vice president of sales and marketing, with the hiring of Wendy Lunt. Lunt├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós appointment is WFG├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós most recent step in growing its newly acquired Puget Sound division.

Read More »

GET THE NEWS YOU NEED, WHEN YOU NEED IT.

With daily content from MReport, you’ll never miss another important headline in originations, lending, or servicing. Subscribe to MDaily to begin receiving a complimentary daily email containing the top mortgage news and market information.