LoanStream Mortgage logo.LoanStream Mortgage logo.
July 6, 2020

LoanStream Mortgage Opens Up Liquidity For Non-QM Market

LoanStream Mortgage expanded its product offerings to provide an alternative for non-QM borrowers.

Nice residential home.Nice residential home.
July 6, 2020

Number Of Borrowers In Forbearance Decline

The number of mortgages in forbearance increased in the second to last week of June. However, Black Knight reported a decline in the mortgage forbearances last week.

Millennial woman working from home.Millennial woman working from home.
July 2, 2020

Millennial Homeownership Surge On The Horizon

First American's sixth annual Homeownership Progress Index is pointing to a strong uptick in millennial homeownership in the near future.

Aerial view of Las Vegas.Aerial view of Las Vegas.
July 2, 2020

COVID-19 Slams Some State Economies, Pardons Others

Bankrate used its Housing Hardship Index to determine which state economies saw the largest and smallest impact from the COVID-19 pandemic.

CFPB building. Photo credit: Getty Images/JHVEPhotoCFPB building. Photo credit: Getty Images/JHVEPhoto
July 2, 2020

CFPB Issues Rule On Escrow Exemptions For High-Priced Mortgage Loans

The Consumer Financial Protection Bureau (CFPB) issued a notice of proposed rulemaking (NPRM) that would amend Regulation Z to provide a new exemption available to certain insured depository institutions and insured credit unions from the requirement to establish escrow accounts for certain higher-priced mortgage loans (HPMLs)

Men shaking hands. Image by Gerd Altmann from PixabayMen shaking hands. Image by Gerd Altmann from Pixabay
July 2, 2020

MVB Mortgage And Intercoastal Mortgage Company Merge

MVB Financial Corp. and MVB Bank's subsidiary Potomac Mortgage Group Inc. (d/b/a MVB Mortgage) merged with Intercoastal Mortgage Company to create one of the largest independent mortgage banking operations in the Mid-Atlantic region.

Facebook via mobile application.Facebook via mobile application.
July 2, 2020

Open Mortgage Pulls Advertising From Facebook

Open Mortgage, one of the top 10 reverse mortgage lenders in the country, will pull its advertising from Facebook during the month of July to protest what it says is the "social media company’s failure to address the proliferation of hate and misinformation."

Mortgage rates going down. Photo Credit: YalanskyiMortgage rates going down. Photo Credit: Yalanskyi
July 2, 2020

Mortgage Rates Creep Closer To 3% Mark

Freddie Mac's Primary Mortgage Market Survey (PMMS) revealed that the 30-year fixed-rate mortgage has hit an average of 3.07% heading into the holiday weekend, the lowest rate in the history of the data series which dates back to 1971.

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