Mortgage Industry News
Mortgage Credit Availability Declined in December
“The December decrease reversed gains from the prior two months,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Declined in December
MBA Brings the Mortgage Banking Bound Program to Louisiana State University
LSU is the fourth school offering this course. Continue Reading MBA Brings the Mortgage Banking Bound Program to Louisiana State University
Experian Offers Free VantageScore 4.0 to Mortgage Lenders
“Experian is dedicated to fostering a more competitive mortgage landscape,” said CEO Brian Cassin. Continue Reading Experian Offers Free VantageScore 4.0 to Mortgage Lenders
PHH Mortgage Debuts FlexIQ Suite of Non-QM Products
FlexIQ will replace PHH’s previously offered Gold/Silver/Bronze non-QM programs. Continue Reading PHH Mortgage Debuts FlexIQ Suite of Non-QM Products
Non-QM Lender Angel Oak Mortgage Solutions Debuts 5- and 7-Year Adjustable-Rate Mortgages
“This launch underscores our commitment to supporting the non-QM ecosystem,” said Tom Hutchens, president of Angel Oak Mortgage Solutions. Continue Reading Non-QM Lender Angel Oak Mortgage Solutions Debuts 5- and 7-Year Adjustable-Rate Mortgages
‘Family Guy’ Takes Aim at Reverse Mortgages
A Tom Selleck parody convinced Peter Griffin to consider “Hey Alright Reverse Mortgages – or HARM.” Continue Reading ‘Family Guy’ Takes Aim at Reverse Mortgages
Lendesk Debuts Lender Spotlight AI Assistant
“This product is designed to be an indispensable tool for mortgage professionals,” said Carter Zimmerman, president of Lendesk. Continue Reading Lendesk Debuts Lender Spotlight AI Assistant
Hits and Misses for the Real Estate Week of Oct. 16-20
A Chinese agtech company is kicked out of Arkansas, a Fed officer feels your pain and a wild new building becomes a Las Vegas landmark. Continue Reading Hits and Misses for the Real Estate Week of Oct. 16-20
Ameris Bank in $9 Million Settlement Over Redlining Charges
“We strongly disagree with any suggestion that we have engaged in discriminatory conduct,” said Palmer Proctor, CEO of Ameris. Continue Reading Ameris Bank in $9 Million Settlement Over Redlining Charges
Mortgage Rates Surge Higher (Again)
“Mortgage rates continued to approach 8% this week, further impacting affordability,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates Surge Higher (Again)
ACI Worldwide in $20 Million Settlement Over Mortgage Payment Mishap
On April 23, 2021, ACI Payments erroneously used live customer data in a test of its Speedpay platform. Continue Reading ACI Worldwide in $20 Million Settlement Over Mortgage Payment Mishap
Mortgage Application Activity Sinks to 28-Year Low
“The ARM share was 9.3%, the highest share in 11 months,” said the MBA’s Joel Kan. Continue Reading Mortgage Application Activity Sinks to 28-Year Low
First National Bank of Long Island to Offer Home Loans Through Rocket Mortgage
“We are committed to providing innovative ways to best serve our clients,” said Chris Becker, the bank’s president and CEO. Continue Reading First National Bank of Long Island to Offer Home Loans Through Rocket Mortgage
MBA Predicts Increased Mortgage Origination, Mild Recession in 2024
The trade group also predicted purchase originations will increase 11% to $1.47 trillion next year. Continue Reading MBA Predicts Increased Mortgage Origination, Mild Recession in 2024
Philadelphia Fed Chief: ‘We Can Hold Rates Where They Are’
“I’m telling you something you already know: the rate of inflation in housing prices is similarly down from its peak levels,” he said. Continue Reading Philadelphia Fed Chief: ‘We Can Hold Rates Where They Are’
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