Mortgage Industry News
Anchor Loans Debuts TPO Channel
“At Anchor Loans we are obsessed with delivering exceptional customer value,” said Tim Landwehr, co-chief revenue officer. Continue Reading Anchor Loans Debuts TPO Channel
FTC Returns $1.2 Million to Consumers from Loan Modification Scheme
The FTC is sending payments to 6,261 consumers who will each receive $201.34. Continue Reading FTC Returns $1.2 Million to Consumers from Loan Modification Scheme
Mortgage Rates Drop as a Result of Banking Turmoil, Demand Increases
According to a new report from Redfin, the technology-based real estate brokerage, some homebuyers are returning to the market as mortgage rates decline from the four-month high they reached last week. Daily average mortgage rates dropped from 7% to about 6.5%...
What is a government-sponsored enterprise (GSE)?
Source: Bankrate --- The U.S. economy is a complex system of interconnected components. To keep money flowing efficiently throughout these components, the federal government lends a helping hand in the form of government-sponsored enterprises, or GSEs. Over the years,...
Homeowners Look to Alternative Loans to Combat Rising Interest Rates
Mortgage rates ticked up again in February after a brief respite, showing once again just how rate-sensitive the market continues to be, according to the latest Originations Market Monitor report from Black Knight. "Conforming rates dipped below 6% early in...
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