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Banks Cut as Mortgage Boom Ends
Banks Cut as Mortgage Boom Ends The Mortgage Bankers Association next week plans to cut its 2014 forecast for loan originations, which include loans for home purchases and refinancing. The current forecast of $1.2 trillion would represent the lowest level in 14 years. The trade group 

US Mortgage Applications Volume Grew 12% Last Week, MBA Says
US Mortgage Applications Volume Grew 12% Last Week, MBA Says The average number of mortgage applications jumped 12% on a seasonally adjusted basis as interest rates fell from the previous week, the Mortgage Bankers Association said Wednesday. The prior week's results included an adjustment to account for the 

New mortgage rules tough enough: Opposing view
New mortgage rules tough enough: Opposing view This rule, which reflects the Dodd-Frank Act's mandate that banks retain a portion of the risk for some mortgages they originate, could have been much worse than it is now. When the regulators first proposed it three years ago, it included requirements

As mortgage banking industry dwindles, bidding wars over quality housing ...
Estimates by the Mortgage Bankers Association, an industry trade group whose annual projections are used by lenders in staffing decisions, are a driving force in banks' recent behavior, Kate Berry, a reporter at American Banker, a top banking industry 

Mortgage Bankers Association

mortgage-bankers-association.c om Your investment in your home represents security to you and your family, especially during troubled economic ...

Mortgage rates rise on expectation of Fed’s possible cut in short-term interest rates

Mortgage rates rose this week spurred largely by rising optimism about the Federal Reserve’s possible move at the end of the month to cut short-term interest rates.

According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average jumped to 3.81 percent with an average 0.6 point. (Points are fees paid to a lender equal to 1 percent of the loan amount and are in addition to the interest rate.) It was 3.75 percent a week ago and 4.52 percent a year ago.

The 15-year fixed-rate average rose to 3.23 percent with an average 0.5 point. It was 3.22 percent a week ago and 4.0 percent a year ago. The five-year adjustable rate average climbed to 3.48 percent with an average 0.4 point. It was 3.46 percent a week ago and 3.87 percent a year ago.

“This is a very small change in mortgage rates this week, which is the equivalent of an additional $10 per month on a $300,000 loan,” Lawrence Yun, chief economist of the National Association of Realtors, said in an interview.

Tavant Presents Mortgage Mavericks on the Midway During California Mortgage Banker Association's Premiere Mortgage Innovators Conference

To blockchain, the event will include presentations from industry insiders and will showcase demonstrations of leading technology solutions and platforms.

Chuck Iverson, board member and conference chair for California MBA, said, “Tavant is the first name I think of when it comes to innovation and thought leadership in our industry. They are leading by example and have been instrumental in pushing the industry forward in this digital era. I am so pleased that we are partnering with them to share their unique industry perspective and insights regarding the critical role of innovation to the industry’s future success.”

Iverson along with Tavant’s CEO, Sarvesh Mahesh, will kick-off the three-day event with an interactive discussion regarding what lenders need from their technology providers, as well as examining best practices from other industries and discussing how those principles can be applied within the lending market. Atul Varshneya, vice president, Tavant, is also hosting a “tech-talk” discussing how machine learning and artificial intelligence (AI) will shape the lending industry.

One in seven mortgage is in now past due. This will only increase. What makes people think we are recovoring?

The Mortgage Bankers Association said in early November that one in every seven mortgages was now past due.
Greg DC is the Big Turd in the Financial pipes.
0bama being the biggest.

Obama has a another typical Obama IDEA............................provide Government assistance to help the people who went belly up, "revise" their mortgages, to help them get back into their house...............right.....

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