Publication: Mortgage Orb

First reported Apr 17 2014 - Updated Apr 18 2014 - 1 reports

Freddie Mac: Mortgage Rates Tick Down For Second Straight Week

Fixed mortgage rates ticked down for a second week in a row during the week ending April 17, according to Freddie Mac’s Primary Mortgage Market Survey .And it’s a good thing, since the spring home buying season has now begun.According to the survey, the ... [Published Mortgage Orb - Apr 17 2014]
Entities: Mortgages, Freddie Mac, Tick
First reported Apr 18 2014 - Updated Apr 18 2014 - 1 reports

FNC: Home Prices Up 0.5%, On Average, In February

U.S. home prices increased about 0.5%, on average, in February compared to January, according to FNC’s Residential Price Index (RPI) .The report is based on recorded sales of non-distressed properties (existing and new homes) in the 100 largest metropolitan ... [Published Mortgage Orb - Apr 18 2014]
First reported Apr 17 2014 - Updated Apr 17 2014 - 1 reports

Mortgage Credit Tightened Slightly In March As Shift To Purchase Market Continues

Mortgage credit tightened slightly during March, with the average FICO score for closed loans rising to 725 from 724 in February, according to Ellie Mae’s Origination Insight report .The report also shows that purchase volume increased during the month, ... [Published Mortgage Orb - Apr 17 2014]
First reported Apr 16 2014 - Updated Apr 17 2014 - 1 reports

MBA: Mortgage Application Volume Up 4.3% Last Week

There are signs of new life in the housing market, as mortgage application volume increased 4.3% for the week ending April 11, on an adjusted basis, compared to the week prior, according to the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications ... [Published Mortgage Orb - Apr 16 2014]
First reported Apr 17 2014 - Updated Apr 17 2014 - 1 reports

Mixed Feelings About Reverse Mortgages

BLOG VIEW: I have mixed feelings about reverse mortgages. I think it was around 2010 that I first heard about the reverse mortgage by way of a TV commercial starring Henry Winkler, a.k.a. "The Fonz." At first, I was so appalled by the idea that I swore ... [Published Mortgage Orb - Apr 17 2014]
First reported Apr 16 2014 - Updated Apr 16 2014 - 1 reports

March Housing Starts Up Slightly; Permits Below Estimates

Housing starts reached a seasonally adjusted annual rate of 946,000 in March - about 2.8% above the revised February estimate of 920,000 - but were 5.9% below the March 2013 estimate of 1,005,000, according to figures released by the U.S. Census Bureau ... [Published Mortgage Orb - Apr 16 2014]
First reported Apr 16 2014 - Updated Apr 16 2014 - 1 reports

Wells Fargo Funding Expanding Acceptance Of E-Signatures, DocuSign Reports

DocuSign Inc. reports that its client, Wells Fargo Funding , is expanding its acceptance of e-signatures on mortgage documents.The news follows the Federal Housing Administration’s (FHA) announcement in January that it would accept e-signatures on all ... [Published Mortgage Orb - Apr 16 2014]
First reported Apr 15 2014 - Updated Apr 16 2014 - 1 reports

MBA: Mortgage Applications For New Homes Increased 15% In March

Mortgage applications for new home purchases increased by 15% in March compared to February, on an unadjusted basis, according to the Mortgage Bankers Association’s (MBA) Builder Application Survey (BAS) .Using data from the BAS as well as other sources, ... [Published Mortgage Orb - Apr 15 2014]
First reported Apr 15 2014 - Updated Apr 16 2014 - 1 reports

Home Builder Confidence Flat In April Despite Arrival Of Spring Buying Season

Despite the fact that the spring home buying season has arrived, builder confidence in the market for newly built, single-family homes was relatively flat in April compared to March, according to the National Association of Home Builders (NAHB)/Wells ... [Published Mortgage Orb - Apr 15 2014]
First reported Apr 15 2014 - Updated Apr 15 2014 - 1 reports

J.P. Kelly: Most 'Web-Based' LOS Systems Are Not Truly SaaS

PERSON OF THE WEEK: J.P. Kelly is president of loan origination system (LOS) and pricing engine provider OpenClose . MortgageOrb recently interviewed Kelly to learn more about the changes and challenges currently facing LOS providers.Q: The LOS space ... [Published Mortgage Orb - Apr 15 2014]
First reported Apr 14 2014 - Updated Apr 14 2014 - 1 reports

HOPE NOW: Foreclosure Sales And Starts Fall To Lowest Levels Since 2007

Mortgage servicers processed about 42,000 loan modifications in February - a 5% decrease compared to the 44,000 processed in January, according to HOPE NOW, a voluntary, private-sector alliance of mortgage servicers, investors, mortgage insurers and nonprofit ... [Published Mortgage Orb - Apr 14 2014]
First reported Apr 14 2014 - Updated Apr 14 2014 - 1 reports

United Wholesale Mortgage Launches Non-QM Program For Jumbos

United Wholesale Mortgage (UWM) has launched a new program designed for non-qualified mortgage (non-QM) jumbo loans called "Big & Easy Plus.""There are a lot of borrowers that currently do not fit into the QM category," says Mat Ishbia, CEO and president ... [Published Mortgage Orb - Apr 14 2014]

Quotes

"Mortgage rates continued to ease this week as housing starts rose 2.8 percent in March but not as much asas expected,” says Frank Nothaft, vice president and chief economist for Freddie Mac. “Also, permits fell 2.4 percent in March to a seasonally adjusted annual rate of 990,000, which followed a slight downward revision of 4,000 permits in February."
"Average time to close in March 2014 fell to 40 days for all loans - five days faster than January 2014," he adds. "The average purchase loan closed six days faster (41 days) in March than it did in January (47 days)."
...on behalf of its vast ecosystem of brokers to accelerate transactions and keep business digital," says Ken Moyle, chief legal officer, DocuSign. "We believe it’s inevitable that financial institutions will follow the lead of visionary organizations like Wells Fargo Funding and adopt electronic signature for every transaction that formerly required a pen-and-paper signature."
"Builder confidence has been in a holding pattern the past three months," says Kevin Kelly, chairman of NAHB, in a release. "Looking ahead, as the spring home buying season gets into full swing and demand increases, builders are expecting sales prospects to improve in the months ahead."

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FNC: Home Prices Up 0.5%, On Average, In February [Published Mortgage Orb - Apr 18 2014]
Freddie Mac: Mortgage Rates Tick Down For Secon... [Published Mortgage Orb - Apr 17 2014]
Mortgage Credit Tightened Slightly In March As ... [Published Mortgage Orb - Apr 17 2014]
Mixed Feelings About Reverse Mortgages [Published Mortgage Orb - Apr 17 2014]
March Housing Starts Up Slightly; Permits Below... [Published Mortgage Orb - Apr 16 2014]
MBA: Mortgage Application Volume Up 4.3% Last Week [Published Mortgage Orb - Apr 16 2014]
Wells Fargo Funding Expanding Acceptance Of E-S... [Published Mortgage Orb - Apr 16 2014]
Home Builder Confidence Flat In April Despite A... [Published Mortgage Orb - Apr 15 2014]
MBA: Mortgage Applications For New Homes Increa... [Published Mortgage Orb - Apr 15 2014]
J.P. Kelly: Most 'Web-Based' LOS Systems Are No... [Published Mortgage Orb - Apr 15 2014]
HOPE NOW: Foreclosure Sales And Starts Fall To ... [Published Mortgage Orb - Apr 14 2014]
United Wholesale Mortgage Launches Non-QM Progr... [Published Mortgage Orb - Apr 14 2014]
NRMLA: Seniors Saw Home Equity Increase 12.5% I... [Published Mortgage Orb - Apr 14 2014]
CBRE: It Was A Good Quarter For Commercial Real... [Published Mortgage Orb - Apr 12 2014]
Two Real Estate Firms To Provide Services For M... [Published Mortgage Orb - Apr 12 2014]
Mortgage Rates Fall Back A Bit This Week [Published Mortgage Orb - Apr 11 2014]
Zillow: How Sellers Should Prioritize Home Impr... [Published Mortgage Orb - Apr 10 2014]
Freddie Mac Extends Relief To Washington Borrow... [Published Mortgage Orb - Apr 10 2014]
Woodward Asset Capital Launches Seller-Focused ... [Published Mortgage Orb - Apr 09 2014]
Jim Silva: Regression Analysis Now Vital To The... [Published Mortgage Orb - Apr 09 2014]
MBA: Mortgage Application Volume Down For Fifth... [Published Mortgage Orb - Apr 09 2014]
MBA: Commercial And Multifamily Loan Originatio... [Published Mortgage Orb - Apr 08 2014]
AMCs Generally Receptive To Proposed 'Minimum R... [Published Mortgage Orb - Apr 08 2014]
CoreLogic, Equifax Team Up For Mortgage Applica... [Published Mortgage Orb - Apr 08 2014]
Citi Agrees To Pay $1.13 Billion To Settle Inve... [Published Mortgage Orb - Apr 08 2014]
MBA: Mortgage Credit Availability Increased Sli... [Published Mortgage Orb - Apr 08 2014]
Foreclosure, Shadow Inventories Show Impressive... [Published Mortgage Orb - Apr 08 2014]
March Housing Scorecard Gives Good News And Bad [Published Mortgage Orb - Apr 08 2014]
Black Knight: Pending Loan Mod Resets Could Lea... [Published Mortgage Orb - Apr 07 2014]
Freddie Mac Chooses Clear Capital For Appraisal... [Published Mortgage Orb - Apr 07 2014]
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