Tag Archives: Investors

Genworth's U.S. Mortgage Insurance (USMI) unit has been recognized by the National Association of Federal Credit Unions (NAFCU) for its efforts to educate companies on mortgage origination practices.

A survey conducted for the American Action Forum (AAF) shows the majority of American voters view Fannie Mae and Freddie Mac unfavorably and would support phasing out the mortgage giants. The survey found that the enterprises have yet to recover in the public eye, with 52 percent of those surveyed saying they view the companies unfavorably and only 20 percent viewing them favorably. Wes Anderson, who oversaw the poll, described the public image of Fannie Mae and Freddie Mac as "nearly toxic."

The originations market has been dominated by refinances for some time, but purchases are beginning to make a comeback, according to Ellie Mae's latest Origination Insight Report. Refinances made up just over half the market in June, with 51 percent of loan applicants seeking refinances. This is down from 58 percent in May and 54 percent in June of last year. Purchases closed one day faster than refinances in June (46 days compared to 47), though both categories took longer to close in June than they did in May, according to the report.

The mortgage servicing industry's efforts to adhere to nationwide reforms hasn't gone unnoticed by consumers, according to J.D. Power's 2013 U.S. Primary Mortgage Servicer Satisfaction Study.

The First Title Radio Show debuted on May 31 and has aired seven episodes so far. In that time, host Doug Dennison--a radio, real estate, and government auction expert--has interviewed more than 15 real estate professionals, including representatives from Sperry Van Ness, Florida Keys Real Estate, Rowell Auctions, Inc., and the Five Star Institute.

Realtor.com released its National Housing Trend Report for the month of June 2013, revealing significant gains in several major market indicators. Statistics showed a significant jump in both year-over-year median list prices and month-over-month inventories in pivotal California markets (with raises of over 20 percent and over 40 percent respectively). Nationwide, the median list price was up 5.27 percent year-over-year. In addition, June's inventories were 4.26 percent more than those in May.

One week after spiking to a two-month high, first-time claims for unemployment insurance dropped 24,000 to 334,000 for the week ending July 13--the lowest level in 10 weeks, the Labor Department reported Thursday. Economists expected the number of claims to drop to 344,000 from the 360,000 originally reported for the week ending July 6. The number of filings for that week was revised down to 358,000.

Citing improvements in manufacturing, tourism, commercial and residential real estate and in the financial sector, the Federal Reserve said the nation's economy continued to increase at a modest to moderate pace from late May through early July.

As home prices continue climbing, CoreLogic assures us housing is still affordable and any concerns that rising prices will make it not so are unfounded.

As a Yale Athletics Corporate Partner, Total Mortgage is the official mortgage services provider for Yale Athletics and will have a presence in multiple platforms.