Publication: Mortgage Orb

First reported 14 hours ago - Updated 4 hours ago - 1 reports

Freddie Mac: Fixed Mortgage Rates Edge Up Again

After dropping for two consecutive weeks, fixed mortgage rates edged up again during the week ending April 24, according to Freddie Mac’s Primary Mortgage Market Survey .The average rate for a 30-year fixed-rate mortgage (FRM) was 4.33%, up from 4.27% ... [Published Mortgage Orb - 14 hours ago]
First reported 14 hours ago - Updated 5 hours ago - 2 reports

MIAC Facilitating Sale Of MSR Portfolio With $180.9M UPB

Mortgage Industry Advisory Corporation (MIAC) is facilitating the sale of a Fannie Mae/Freddie Mac/Ginnie Mae mortgage servicing rights (MSR) portfolio with unpaid principal balance (UPB) of $180.9 million.The seller, which originates loans across the ... [Published Mortgage Orb - 5 hours ago]
First reported 5 hours ago - Updated 5 hours ago - 1 reports

When It Comes To Condo Sales, Cash Is King

A recent post on the CoreLogic Insights Blog shows that since the recession began in 2008 more than 80% of condo sales in Florida and Nevada were financed with cash.However, that doesn’t necessarily mean all these cash purchases were by investors and ... [Published Mortgage Orb - 5 hours ago]
First reported Apr 24 2014 - Updated Apr 24 2014 - 1 reports

DataQuick: California Mortgage Default Rate Up 6% In Q1

About 19,215 notices of default (NoDs) were recorded by California servicers during the first quarter, up 6% from 18,120 NoDs in the fourth quarter of 2013 and up 3.5% from 18,568 NoDs in the first quarter of 2013, DataQuick, now owned by CoreLogic, ... [Published Mortgage Orb - Apr 24 2014]
First reported Apr 23 2014 - Updated Apr 23 2014 - 1 reports

MBA: Homeownership Rate Keeps Dropping

With homeownership now out of reach for more Americans - due to a lackluster job market, stagnant wage growth, rising home prices, rising interest rates, tighter lending standards and rising inflation - the single-family rental market is on fire.According ... [Published Mortgage Orb - Apr 23 2014]
First reported Apr 23 2014 - Updated Apr 23 2014 - 1 reports

MBA: Average Mortgage Size Now At Highest In Survey History

Mortgage application volume decreased 3.3% during the week ending April 18, compared to the previous week, on an adjusted basis, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey .On an unadjusted basis, volume ... [Published Mortgage Orb - Apr 23 2014]
First reported Apr 22 2014 - Updated Apr 23 2014 - 1 reports

NAR: Existing Home Sales Stagnant In March

Existing-home sales were basically stagnant in March, dropping 0.2% to a seasonally adjusted annual rate of 4.59 million - just slightly below the February rate of 4.60 million - according to the National Association of Realtors (NAR).This was 7.5% below ... [Published Mortgage Orb - Apr 22 2014]
First reported Apr 22 2014 - Updated Apr 23 2014 - 1 reports

MGIC Sees Revenue Rise Despite Mortgage Market Slowdown

Despite the fact that mortgage origination volume is way down compared to a year ago, things are on the up and up for mortgage insurer MGIC Investment Corp. , which this week reported net income of $60 million for the first quarter, compared to a net ... [Published Mortgage Orb - Apr 22 2014]
First reported Apr 22 2014 - Updated Apr 23 2014 - 1 reports

Black Knight: Delinquencies, Foreclosures Drop To 2007, 2008 Levels

Mortgage delinquencies and foreclosures continued to decline in March, dropping to levels not seen since 2007 and 2008, respectively, according to Black Knight Financial Services' "First Look" Mortgage Report.Mortgage delinquencies (loans 30 or more days ... [Published Mortgage Orb - Apr 22 2014]
First reported Apr 23 2014 - Updated Apr 23 2014 - 1 reports

FHFA: Home Prices Up 0.6% In February

U.S. home prices rose 0.6% in February, compared to January, on an adjusted basis, according to the Federal Housing Finance Agency’s (FHFA) monthly House Price Index, which is based on price information from mortgages either sold to or guaranteed by Fannie ... [Published Mortgage Orb - Apr 23 2014]
First reported Apr 22 2014 - Updated Apr 22 2014 - 1 reports

Assurant Buys StreetLinks

Assurant Specialty Property , a provider of mortgage insurance and other specialty insurance products and services, has acquired StreetLinks , a provider real estate appraisal and valuation solutions, from Novation Companies Inc. and other shareholders ... [Published Mortgage Orb - Apr 22 2014]
First reported Apr 22 2014 - Updated Apr 22 2014 - 1 reports

Dennis Hardiman: Community Lenders Facing Mortgage Conundrum

PERSON OF THE WEEK: Dennis Hardiman is CEO and founder of Embrace Home Loans , a nationwide lender that grew from humble beginnings. MortgageOrb recently interviewed Hardiman to get his perspective on what community lenders can do to survive and flourish ... [Published Mortgage Orb - Apr 22 2014]

Quotes

...edged up following the uptick in the 10-year Treasury note late last week," says Frank Nothaft, vice president and chief economist, Freddie Mac. " Existing-home sales were essentially flat with a 0.2 percent decline in March to a seasonally adjusted annual rate of 4.59 million. However, new home sales fell nearly 15 percent in March to an annual rate of 384,000, well below consensus."
...investment banks, private equity funds and new investors to this space will provide liquidity for both large and small portfolios," adds Roth. "Aggressive pricing will continue as buyers continue to compete for performing and non-performing residential assets."
...distress as much as they reflect a steady state of workload capacity on the part of the servicers," says John Karevoll, analyst at DataQuick. "They may well be just working their way through a backlog, stacks of paper piled high on desks."
"I feel the company is in an excellent position to take advantage of the housing recovery" Culver adds

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MIAC Facilitating Sale Of MSR Portfolio With $1... [Published Mortgage Orb - 5 hours ago]
When It Comes To Condo Sales, Cash Is King [Published Mortgage Orb - 5 hours ago]
Freddie Mac: Fixed Mortgage Rates Edge Up Again [Published Mortgage Orb - 14 hours ago]
MountainView Closes Sale Of MSR Portfolio With ... [Published Mortgage Orb - 14 hours ago]
DataQuick: California Mortgage Default Rate Up ... [Published Mortgage Orb - Apr 24 2014]
MBA: Homeownership Rate Keeps Dropping [Published Mortgage Orb - Apr 23 2014]
MBA: Average Mortgage Size Now At Highest In Su... [Published Mortgage Orb - Apr 23 2014]
FHFA: Home Prices Up 0.6% In February [Published Mortgage Orb - Apr 23 2014]
MGIC Sees Revenue Rise Despite Mortgage Market ... [Published Mortgage Orb - Apr 22 2014]
Assurant Buys StreetLinks [Published Mortgage Orb - Apr 22 2014]
NAR: Existing Home Sales Stagnant In March [Published Mortgage Orb - Apr 22 2014]
Black Knight: Delinquencies, Foreclosures Drop ... [Published Mortgage Orb - Apr 22 2014]
Dennis Hardiman: Community Lenders Facing Mortg... [Published Mortgage Orb - Apr 22 2014]
Housing Sector To Help Spur Slowed Economy, Say... [Published Mortgage Orb - Apr 21 2014]
Fannie Mae Multifamily Provides Consistent MBS ... [Published Mortgage Orb - Apr 21 2014]
Trepp: CMBS Loan Disposal Volume Tops $76B In P... [Published Mortgage Orb - Apr 21 2014]
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]
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