Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

LandCastle Title’s operations will not be affected

8 avoidable mistakes first-time homebuyers keep making

Stop doing these things

Trending Thursday: CFPB data collection worse than the NSA?

Slowly but surely GSE shareholders cutting into Treasury, FHFA secrecy
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Trending Thursday: CFPB data collection worse than the NSA?

Slowly but surely GSE shareholders cutting into Treasury, FHFA secrecy
Trey Garrison
If you liked the NSA spying on innocent Americans, you’ll love what the CFPB is up to. Plus, is the mortgage industry ready for the coming surge of minority homebuyers, Dodd-Frank is turning five this month, and more.
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3 tips to recruiting Millennial loan officers

How to reverse the aging mortgage industry
Brena Swanson
There is a drought in the market when it comes to recruiting Millennial loan officers. In an interview with HousingWire, Casey Cunningham CEO at XINNIX, explained how to show the next generation the way into the mortgage industry.
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Tim McGraw partners with Chase to give homes to veterans

6 awarded so far, 30 more to come
Trey Garrison
Country star and actor Tim McGraw is a big supporter of the military and veterans, and now he’s teaming up with Chase Bank and Operation Homefront to give mortgage-free homes to veterans. Happy Independence Day, indeed.
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BOK Financial hires new mortgage president

Enter Glenn Brunker, industry veteran
Brena Swanson
BOK Financial named Glenn Brunker to lead BOK Financial Mortgage, bringing nearly 30 years of financial industry experience to his new role. In this position, Brunker is charged with managing all mortgage origination channels.
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Construction spending rises in May but residential component weak

Nonresidential spending surges
Trey Garrison
Construction spending during May 2015 was estimated at a seasonally adjusted annual rate of $1,035.8 billion, 0.8% above the revised April estimate of $1,027.0 billion, the U.S. Census Bureau of the Department of Commerce announced today.
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Mortgage applications drop as interest rates rise to 9-month high

Refinancings and purchase apps down
Trey Garrison
Mortgage applications decreased 4.7% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending June 26, 2015. Want to know why?
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Ellie Mae publishes comprehensive TILA-RESPA guide

Comprehensive FAQ will be regularly updated
Trey Garrison
Ellie Mae is publishing a free, 16-page RESPA-TILA FAQ guide to help lenders understand and comply with the Integrated Disclosure Rule, currently scheduled to go into effect Oct. 3.
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Equifax: Mortgage originations soar 75% from last year

Growth attributed to first mortgages
Brena Swanson
Mortgage originations are booming, increasing nearly 75% from last year thanks to first mortgages, which grew 79.9% versus the first quarter of 2014 to $430 billion.
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Realtor.com: Here are the 20 hottest markets this summer

Expanding inventory boosts sales
Trey Garrison
He’s been consistently more optimistic and consistently right on sales. Realtor.com’s chief economist Jonathan Smoke explains why it’s a seller’s market.
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High-risk FHA loans push mortgage risk index up in May

Agency loans hit new series high
Trey Garrison
The composite National Mortgage Risk Index for Agency purchase loans stood at 12.33% in May, up 0.4 percentage point from the average for the prior three months and up 0.7 percentage point from a year earlier. Worried yet?
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