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CFPB Alleges Village Capital Misled Veterans

CFPB Alleges Village Capital Misled Veterans

Thursday, 06 December 2018
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The Bureau of Consumer Financial Protection filed a complaint in federal court that alleges Village Capital & Investment LLC, a non-bank mortgage company headquartered in Henderson, Nev., misled veterans by overstating the benefits of refinancing their mortgages. The case was filed in the United States District Court District of Nevada on Dec. 4. Village Capital… Read more...
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FinTech Firm Acquires North American Title

FinTech Firm Acquires North American Title

Friday, 07 December 2018
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States Title Inc. is acquiring the underwriting operations and retail title business of North American Title Group. The deal, which is expected to close in January, assuming regulatory approval in California and Arizona is obtained by year end, calls for States Title to acquire NATG's underwriter, North American Title Insurance Co., and a majority position… Read more...
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Credit Availability Loosening (Slightly)

Credit Availability Loosening (Slightly)

Thursday, 06 December 2018
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  The Mortgage Credit Availability Index increased 1.1 percent to 188.8 in November, signaling that credit was loosened last month. “The supply of credit continues to drift higher, driven once again by growth in the conventional credit space, while credit supply in government loans was essentially unchanged from the previous month,” said Joel Kan, associate… Read more...
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Flipped Homes Hit Lowest Level Since 2015

Flipped Homes Hit Lowest Level Since 2015

Thursday, 06 December 2018
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The number of single-family homes and condos that were flipped fell to 45,901 in the third quarter of 2018, down 12 percent compared with a year ago, and the lowest level since the first quarter of 2015. Homes that were flipped in third quarter represented 5.0 percent of all single-family home and condo sales during… Read more...
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Homebuyers Moving South

Homebuyers Moving South

Wednesday, 05 December 2018
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Of the homebuyers across the country who change states, most plan to head to the Sun Belt. According to the State Migration Study from LendingTree, most of the 12.1 percent of homebuyers who move from one state to another—will head south. More than two million new purchase mortgage loan requests for primary residences in all… Read more...
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Mortgage Applications Increase, Including Refis

Mortgage Applications Increase, Including Refis

Wednesday, 05 December 2018
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Mortgage applications increased 2.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Nov. 30, 2018. The results for the week ending November 23, 2018, included an adjustment for the Thanksgiving holiday. “Application activity increased over the week for both purchase and refinance… Read more...
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TD Bank Digitizes the Mortgage Experience

TD Bank Digitizes the Mortgage Experience

Monday, 03 December 2018
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  TD Bank has deployed Roostify's technology to provide customers with a digital mortgage offering. The digital experience combines lending technology licensed from Roostify with an originator that gives TD Bank’s customers an accelerated, low-stress path to home ownership. Access to an originator that can answer questions or resolve issues is an important factor in… Read more...
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CoreLogic: Home Price up 5.4%; Sees Increase over Next 12 Months

CoreLogic: Home Price up 5.4%; Sees Increase over Next 12 Months

Tuesday, 04 December 2018
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Home prices have increased in the U.S. by 5.4 percent year over year since October 2017. On a month-over-month basis, prices increased by 0.5 percent in October 2018, from 0.4 percent in September, according to the CoreLogic Home Price Index. Home prices will increase by 4.8 percent on a year-over-year basis from October 2018 to… Read more...
Renters In California Eye Homeownership

Renters In California Eye Homeownership

Monday, 03 December 2018
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California renters aspire to purchase a home eventually, despite how expensive it is. In fact, 50 percent of California renters rated homeownership as very important or extremely important, and 80 percent of renters want to own a home someday, according to a consumer survey released by the California Association of Realtors. Renters see the advantages… Read more...
Credit Approvals Decrease, Rejection Rates Up

Credit Approvals Decrease, Rejection Rates Up

Monday, 03 December 2018
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There was a decline in consumer applications for credit over the past 12 months, and an increase in rejection rates in 2018, compared with 2017. That was expected given the decline in demand due to higher mortgage interest rates, the share of respondents who applied for a mortgage refinance during the past year was lower… Read more...
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