Statistics Update Dec. 30
SOFR, LIBOR, and Treasury Yield rates have been updated for the week ended December 28.
Statistics Update Dec. 27
Fixed rate MBS issuance has been updated for Fannie Mae, Freddie Mac, and Ginnie Mae.
Statistics Update Dec. 20
SOFR, LIBOR, and Treasury Yield rates have been updated.
Statistics Update Dec. 20
Non-bank mortgage jobs have been updated.
Statistics Update Dec. 20
The percentage of seriously delinquent mortgage loans, as well as the subprime share of originations has been updated for Q4 2018.
|
|
By MIKE HARDWICK Churchill Mortgage | Dec. 20
The mortgage industry has fundamentally changed over the previous 10 years, particularly as we’ve shifted from a refinance-driven environment, to focus more on purchase originations. A number of lenders have built successful businesses around the last two decade’s historically low interest rates, and while rates will likely not increase dramatically in the coming year, the Fed’s steady pace is projected to continue well into 2019 and beyond. This will put pressure on lenders to explore new opportunities and approaches to working with borrowers.
Press Release Dec. 18
Although there was little week-over-week change in the U.S. Mortgage Market Index from Mortgage Daily, rate-term refinance share was wider than it's been in nearly a year, and FHA share was was at an eight-month high.
By CHRISTINA PARLAPIANO and ADAM WEISS Day Pitney LLP | Dec. 17
The New York Appellate Division, Second Department, recently decided an issue of first impression concerning the evidence necessary to prove the de-acceleration of mortgage debt in a residential foreclosure action.1 The borrower commenced an action to cancel and discharge the mortgage and note pursuant to RPAPL 1501(4) on the basis that the statute of limitations for commencement of a foreclosure action had expired after a prior foreclosure action was dismissed. The bank moved to dismiss, arguing that a de-acceleration letter sent, prior to the expiration of the six-year statute of limitations period, revoked the prior acceleration of the debt. The Second Department reversed the trial court’s order granting the bank’s motion to dismiss.
By ART CASTNER National General Lender Services | Dec. 14
Creating an optimal customer experience has become increasingly critical for mortgage servicers as each customer’s business becomes harder to earn and retain. Most servicers outsource the complex process of homeowner insurance tracking and must ensure their insurance tracking and lender-placed insurance provider ("provider") represents them well. Servicers can evaluate how effective a provider will be invdelivering a positive customer experience by confirming that the provider’s offerings contain certain key attributes.
Press Release Dec. 11
Cherry Hill, New Jersey -- (Dec. 11, 2018) Kevin Crichton, President and Chief Operating Officer of E Mortgage Management, LLC (EMM) recently presented as guest speaker during a "Coffee with an Entrepreneur" event held at Rowan University to over 35 students.
|
