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First American's November Real House Price Index Rises

First American's November Real House Price Index Rises

Monday, 28 January 2019
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Real house prices increased 0.8 percent between November and October 2018, according to the First American Real House Price Index. Real house prices increased 15.3 percent year over year. Consumer house-buying power, how much one can buy based on changes in income and interest rates, decreased 0.04 percent between October 2018 and November 2018, and… Read more...
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Five Critical Factors to Consider When Developing a Digital Mortgage Strategy

Five Critical Factors to Consider When Developing a Digital Mortgage Strategy

Friday, 25 January 2019
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By Mikhail Cook We are now a few years removed from the Super Bowl commercial that shook the slow to change mortgage industry to its core. But, frankly, it was needed. Having worked in mortgage technology for the past 17 years, it has always been amazing to me how slow the industry has been to… Read more...
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Bucking the Trend, SB Financial Increased Originations in ‘18

Bucking the Trend, SB Financial Increased Originations in ‘18

Friday, 25 January 2019
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SB Financial Group Inc. increased mortgage origination volume in 2018, though the business environment was challenging for lenders. The bank originated mortgage origination volume of $342.1 million, an increase of $26.3 million, or 8.3 percent, compared with 2017. [caption id="attachment_9395" align="alignleft" width="223"] Mark A. Klein[/caption] "Despite rising rates and inventory pressure, we increased our mortgage… Read more...
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Mortgage Apps Dipped 2.7%

Mortgage Apps Dipped 2.7%

Wednesday, 23 January 2019
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Mortgage applications decreased 2.7 percent from one week earlier, according to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending Jan. 18, 2019. The Market Composite Index measures mortgage loan application volume on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the index decreased 0.3 percent compared with… Read more...
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Dodge: New Construction Starts Dropped 10% in December

Dodge: New Construction Starts Dropped 10% in December

Thursday, 24 January 2019
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New construction starts in December fell 10 percent to a seasonally adjusted annual rate of $708.9 billion. They declined 7 percent in the prior month. The December downturn reflects decreases in the three construction sectors, according to Dodge Data & Analytics. For instance: Residential building decreased 8 percent, due to reduced activity in December for… Read more...
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Brown Criticizes Kraninger (One Day Too Late)

Brown Criticizes Kraninger (One Day Too Late)

Tuesday, 22 January 2019
Lending
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The ranking minority member of the Senate Committee on Banking, Housing, and Urban Affairs, Sen. Sherrod Brown, D-OH, has criticized the Consumer Financial Protection Bureau’s failure to monitor financial services institutions for violations of the Military Lending Act. The MLA was passed in 2006 with broad bipartisan support and prevents predatory lenders from taking advantage… Read more...
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Black Knight: Delinquencies Hit Lowest Level Since 2000

Black Knight: Delinquencies Hit Lowest Level Since 2000

Wednesday, 23 January 2019
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Despite rising seasonally in recent months, only 3.9 percent of mortgages were delinquent as of December month-end, the lowest year-end total since Black Knight began reporting the figure in 2000. The national foreclosure rate, while also edging seasonally upward in December, posted the lowest year-end figure since 2005, with just 0.52 percent of mortgages in… Read more...
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NAR: Existing Home Sales Declined in December

NAR: Existing Home Sales Declined in December

Tuesday, 22 January 2019
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Existing-home sales declined in the month of December, after two consecutive months of increases. None of the four major U.S. regions saw a gain in sales activity last month. Total existing-home sales, or completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased 6.4 percent from November to a seasonally adjusted rate of 4.99… Read more...
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Ex-Fannie CEO, Mayopoulos, Joins Blend as President

Ex-Fannie CEO, Mayopoulos, Joins Blend as President

Tuesday, 22 January 2019
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Blend has hired Tim Mayopoulos, former CEO of Fannie Mae, as president of the company. Mayopoulos will lead Blend's go to market and corporate support functions, take a seat on the board and report to Nima Ghamsari, CEO of Blend. "I've collaborated closely with Tim for over four years, and he believes strongly in technology's… Read more...
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Ellie Mae: Lack of Inventory Forced Millennials to Buy Larger FHA Loans

Ellie Mae: Lack of Inventory Forced Millennials to Buy Larger FHA Loans

Monday, 21 January 2019
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Millennial homebuyers took out larger FHA-backed mortgage loans in November, compared with the same period one year ago. Twenty-six percent of closed loans to Millennials in November were for FHA loans, with an average loan size of $186,454, up from $178,862 in November 2017, and $170,167 in November 2016, according to the Ellie Mae Millennial… Read more...
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