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.
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By LoanLogics | Feb. 7
LoanLogics Chief Information Officer Terrell Cassada thinks it’s “very cool” how AI, machine learning, and process automation are being applied to point-of-sale systems and eClosing solutions. But he says the real value of these innovations lies elsewhere.
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.
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.
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