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Tag Archives: Investors

Mortgage Applications Fall as Refinance Volume Crashes

Mortgage refinance applications went into free-fall last week as interest rates came back up, according to data in the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey. The survey's Market Composite Index, a measure of loan application volume, dropped 13.5 percent on a seasonally adjusted basis for the week ending September 6. The Refinance Index fell 20 percent week-over-week, bringing it to its lowest level since June 2009.

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LendingTree Releases Top Customer-Rated Lenders for Q2

LendingTree released on Tuesday the top 10 customer-rated lenders in its network, revealing California-based HomePlus Mortgage as the No. 1 lender for the second quarter. The top 10 list was created based on a weighted average of review rating and volume of customer reviews. Following HomePlus on the list were Pacific Beneficial Mortgage Company; Affinity Mortgage, LLC; Mortgage Loans for Texas; and Americash in the top five. The company's network includes more than 250 lenders.

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Report: 2.5M Homes Return to Positive Equity in Q2

The number of mortgaged residential properties with negative equity fell more than five percentage points throughout the year's second quarter, CoreLogic reported Tuesday. According to the company's analysis, approximately 2.5 million residential properties returned to a state of positive equity last quarter, bringing the total number to 41.5 million. Meanwhile, 7.1 million homes--or 14.5 percent of all residential properties with a mortgage--were still in negative equity.

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loanDepot, imortgage to Unite

loanDepot.com, LLC and imortgage.com, Inc., have entered into a definitive agreement to combine, creating the nation's third-largest private, independent retail mortgage lender.

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WL Ross Vice Chair Talks Shop on GSEs and Housing Lessons

James B. Lockhart III, vice chairman of WL Ross & Co. and former director of the Federal Housing Finance Agency, addressed a packed house at the inaugural Investment Symposium at the 10th Annual Five Star Conference and Expo. Lockhart's speech wound through many of today's biggest topics, including the current movement to dissolve the GSEs. He also praised Federal Reserve chair Ben Bernanke's leadership during the crisis, saying Bernanke's efforts to move the economy have been largely successful.

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Norcom Opens Fairfield Branch, Names Manager

Having been approved in August, Norcom Mortgage's Fairfield, Connecticut, branch is open for business, the company announced. The Fairfield branch will take direction from Manny Gomes, a resident of the area since graduating from Southern Connecticut State University in 2006.

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