Major lenders and regulators are working hard to find common ground when it comes to home loans to lower-income Americans. As talks continue, the percent of federal Housing Administration loans given to borrowers with weaker credit scores is dropping.
LenderLive Network named Charlie Kent as the servicer’s new vice president of national sales for its settlement services division, where he will be responsible for developing new client relationships and supporting existing ones.
RPM Mortgage acquired Regency Mortgage, a 14-branch private mortgage lender with operations in New Hampshire, Maine, Massachusetts, Vermont and Florida. This means Regency’s loan originators will have access to a larger menu of loan products, in addition to more technology and compliance support.
Now that the pace of home price appreciation is finally starting to slow, it is easier to see the truth behind which local markets favor either buyers or sellers. Zillow compiled a list of the top ten buyer and seller markets, with the West Coast dominating one list.
Home Depot continues to investigate its massive credit card breach, which is shaping up to be bigger than Target’s breach back in December 2013. And the true financial costs of the breach have yet to be determined.
“The added experience, skills and relationships they bring to the team will allow reQuire to more rapidly expand its service offerings and position the company as the ‘go to’ source for risk mitigation solutions in real property transactions,” Matt Klein, reQuire’s president, said.
Americans' wealth hit the highest level ever in the second quarter, following a rise in stocks and home prices. This could ramp up consumer borrowing, which could be the key to boosting the economic recovery.
Most of the fastest growing cities in America have one thing in common: they are all home to major universities filled with millennials about to join the workforce. NerdWallet compiled a quick list showing exactly where housing is growing.
"Although mortgage rates were up very modestly this week, with mortgage rates at the top end of that narrow range, it is enough to put the benchmark 30-year fixed mortgage rate at a 3-month high," Bankrate said.
One by one, they filed into the city council chambers. They took their seats and waited their turn, and once there weren’t any seats left, they moved to the seldom-used overflow seating. When the overflow seating filled, they moved to the civic center so they could watch the meeting on a closed-circuit feed..
It’s a new world, and in this new world, data is more crucial than ever. Getting the best data possible, and then being able to interpret that data to improve performance, will be a competitive edge that no company in the mortgage finance space can do without in the current environment of volume contraction. Read More
Only seven or eight years ago, mortgage fraud was one of the top stories in the industry. It was quite common to see stories estimating losses in the millions, with some experts suggesting that these numbers were only the tip of the iceberg. Lenders and their partners scrambled to strengthen their fraud-prevention strategies. Read More