Tag Archives: Mortgages

The market for existing-home sales continues to underperform, with the potential gap broadening as first-time homebuyers navigate supply shortages and struggle with affordability.

Find out what MCS' acquisition of Carrington means for the industry here.

Housing starts are on the rise around the country, particularly in the Northeast. But how is the rest of the country faring?

A recent study is examining how advances in technology are making it easier for more people to have access to financial resources.

Mortgage credit availability decreased last month, but will it prove a hiccup in the general upward trend of recent months?

With the LIBOR index is going away, U.S. consumers could face a future without adjustable-rate mortgages. So why would lenders write mortgages against an index that will soon not exist? They’re asking that question too.

Because of the need to establish this fiscal balance, the road to achieve Trump’s proposals will be long and rocky, and will require the hard work and cooperation of both sides of the aisle. This proposal has also raised many questions about what Trump’s plan would mean for the housing market. Due to the current lack of detail in his proposed outline, it is difficult to accurately predict the impact a tax system overhaul of this magnitude would have on the economy.

According to a new report, both 30-day delinquencies and 90-day delinquencies are down over the year, and foreclosure inventory has dropped. Only 5 percent of mortgages are 30 or more days delinquent, a dip from February 2016’s 5.5 percent. Loans 90 or more days delinquent are down too, falling from 2.8 percent to 2.2 percent year over year. The number of homes currently at some stage of the foreclosure process dropped from 1.1 percent to 0.8 percent.

Alitsource Portfolio Solutions, a mortgage and real estate technology provider, announced today that its Vendorly platform, which manages vendor oversight for financial institutions, is now available to all across the market. Previously, Vendorly was only available to members of the Lenders One Cooperative, a national alliance of independent mortgage professionals.

Mortgage applications decreased from a week earlier, according to a recent survey. This is a substantial difference compared to last week, when applications rose 2.7 percent. Refinances had increased 7 percent that week, as well, but fell 5 percent this week.