Items Tagged with 'Mortgage'

ARTICLES

  • MBA: Mortgage refinances drop to 18-year low

    But mortgage rates continue to increase
    Mortgage applications followed last week’s decreasing trend, falling 2.6% from last week and the refinance index dropped to its lowest level since December 2000, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending May 18, 2018.
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  • Freddie Mac: Mortgage rates hit seven-year high

    The highest level since 2011
    Mortgage interest rates are now as high as they've been in seven years. Despite falling in previous weeks, interest rates reversed course, and rose to the highest level since 2011, according to Freddie Mac’s latest Primary Mortgage Market survey.
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  • Angel Oak Mortgage Solutions continues expansion, adds new executives

    Additions follow strong first quarter
    To keep the pace with its non-prime growth, Angel Oak Mortgage Solutions announced the addition of seven new account executives to expand its coverage nationwide. The additions come on the heels of a record-breaking first quarter for the non-agency lender, and its expansion into commercial and multifamily lending.
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  • Bank of America’s problem with loan officers (and vice versa)

    Toxic work culture is not the bank's only mortgage troubles
    So BofA is still doing mortgages, just the way in which they’re now categorized is “immaterial”? Such language comes as no surprise to loan officers. It didn’t take me long to find one who has a problem with Bank of America. In a message on LinkedIn, the LO tells me that, as a loan officer who has been on both sides — wholesale and retail — she’s never had a good experience with Bank of America. Here's why.
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  • The struggle in locking condominiums in the mortgage industry

    When you have an investment residence condo, it's important to pay close attention before locking the loan
    Your loan application has been processed and the loan is ready for clear to close but then an underwriter points out that everything is clear except the condominium project. There is a high delinquency rate, specifically, 26% of the total unit owners in the project are 60 days or more late paying their HOA dues! What do you do next?
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  • Real-time immersion in your company will save you millions of dollars

    3 tips to succeed in any lending environment
    [Expert commentary] The housing market is prone to fluctuations. This is far from earth-shattering news, and yet mortgage companies are still losing millions – and, in some cases, the entire company. Stay ahead of the ups and downs of the market, and create an operations and leadership approach where real-time immersion keeps your business moving forward. Here are three tips to succeed in any lending environment.
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  • Churchill Mortgage launches certified homebuyer program

    Enables borrowers to get ahead of other buyers
    “Churchill’s Certified Homebuyer Program was designed to help our borrowers get a head start on securing funding so they are positioned to present offers that are already pre-approved and pre-underwritten – increasing their odds of having their offer selected," Churchill Mortgage President Mike Hardwick said.
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  • Sounding the alarm: Mortgage wire fraud is a much bigger threat than you realize

    If you think mortgage wire fraud is a problem only for vendors, think again
    Fraud is an issue that we don’t like to think about in the mortgage industry. Yet it always seems to be there, lingering on the fringe of our focus. From time to time, the topic bubbles up in the news or at a convention. We talk about it, give it the proverbial “15 minutes of fame", but rarely are we forced to alter the way we do business or invest large amounts into protecting ourselves from it.
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