Financing

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Mortgage rates moved higher this past week and month. It has been more than six years since rates on hybrid adjustable-rate mortgages have been as high as they were this week.The regulator of Fannie Mae and Freddie Mac, the Federal Housing Finance Agency, reported that conforming 30-year fixed rates on [...]
Thu, Dec 28, 2017
Source: Financing
An investment firm with a major stake in Nationstar Mortgage LLC has been acquired by a Japanese firm with investments in giant global organizations.On Thursday, Tokyo-based SoftBank Group Corp. announced that it has completed the acquisition of Fortress Investment Group LLC.New York-based Fortress will operate within SoftBank as an independent [...]
Thu, Dec 28, 2017
Source: Financing
Defects in single-family loan applications remain substantially higher than one year ago. But defects have more recently stabilized and are likely to remain stable.An estimate of the frequency of defects, fraud and misrepresentation in mortgage application information, the Loan Application Defect Index, was 83 in November.That turned out to [...]
Thu, Dec 28, 2017
Source: Financing
New quarterly business was slightly better at Churchill Mortgage Corp. But the number of people on the payroll and the balance of loans serviced diminished.Two single-family loans with a combined unpaid principal balance of less than $0.001 billion were serviced by the Brentwood, Tennessee-based company as of Sept. 30.The mortgage [...]
Thu, Dec 28, 2017
Source: Financing
Three new tools that are part of the online platform for reporting data required by the Home Mortgage Disclosure Act are now available.Beginning on Jan. 1, 2018, home lenders will be able to utilize a new HMDA Platform to submit data collected last year as required by the law.This [...]
Wed, Dec 27, 2017
Source: Financing