Articles Tagged with ''Mortgage''

Lenders in a funk over mortgage market outlook

Fannie Mae's Mortgage Lender Sentiment Survey reveals moral is very low
Lenders reported a net negative profit margin outlook for the eighth consecutive quarter in the face of further erosion of purchase mortgage demand. According to Fannie Mae’s Mortgage Lender Sentiment Survey, lenders are feeling worse about the market this quarter than they were last year and last quarter. The biggest reason they have the mortgage blues? Competition from other lenders was the most cited reason by survey participants for the squeeze on margins.
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Freddie Mac: Mortgage rates continue to inch higher

The 30-year fixed-rate increases for second consecutive week
Mortgage rates continue to slightly increase, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater said weakening affordability is hindering prospective buyers, but the good news is that purchase mortgage applications have now rebounded to 2017 levels.
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Want your digital mortgage? Look to state notarization laws

For lenders the path forward is less than clear
[Expert commentary] In 2018 alone, remote notarization bills have cropped up in the legislative sessions of 14 additional states and the District of Columbia. That said, there are many states that have yet to address remote notarization, and for lenders operating in these states, the path forward is less than clear.
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Freddie Mac: Mortgage rates finally see an uptick

Rates now as steady as they were in the fall of 2016
Mortgage rates are finally seeing an uptick, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater believes the recent slowdown in price appreciation in several markets is good news for the many prospective buyers who were priced out earlier this year.
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Waterstone Mortgage opens new branch in Illinois

Joe Amato and Joe Spisak will lead the team
As housing affordability continues to plague the industry, some companies are either downsizing or closing their doors, but not Waterstone Mortgage. It's expanding its reach, announcing the opening of a new branch in Libertyville, Illinois.
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Freddie Mac: Mortgage rates slightly fall

Affordability plagues the housing industry
Mortgage rates decreased slightly this week, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater says going forward, the strong economy will support the housing market, but affordability pressures will lead to continued softening in home price growth.
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The last domino: Zillow is getting into the mortgage business

First homebuying, now lending
The dramatic reshaping of Zillow’s place in the real estate ecosystem is about to take a giant step forward, as the online real estate behemoth announced Monday that it is getting into the mortgage business. To power its expansion into mortgages, Zillow is buying Mortgage Lenders of America.
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LRES announces new SVP of corporate administration

Jill Haro will oversee the vendor management department
LRES Corp., a national residential and commercial mortgage services company, recently announced it promoted Jill Haro to the position of senior vice president of corporate administration.Haro has more than 15 years of experience in the real estate mortgage services industry and was recognized as a vital leader in the effort to grow the company’s business and market share.
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