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BSI adding jobs in coming weeks
"We're fast approaching the 30-year mark in the mortgage industry and we've always been in Titusville, and nationwide, our employment would be about 300 people." And, Johnson-Sheely added The company is one of the few independent special servicers

JPMorgan With Wells Fargo Lose Share to Small Rivals: Mortgages
The two largest U.S. home lenders are feeling the bite of competition from smaller firms as mortgage originations tumble at the fastest rate since 2011. New loans at Wells Fargo & Co. (WFC), the biggest, fell 38 percent to $50 billion in the fourth

Here's how to take some of the hassle out of buying a new home
Scott Davis, a senior loan officer at McLean Mortgage in Fairfax, Va., says buyers should never start searching for a home without speaking first with a lender. This will help you avoid falling in love with a home you can't afford. Plus, a lender can

Maryland foreclosures surged 117 percent in 2013
Maryland foreclosures surged 117 percent in 2013 Maryland foreclosures finished the year up 117 percent over 2012 as mortgage lenders worked through a tremendous backlog of judicial filings left over from the housing crisis. Online foreclosure clearinghouse RealtyTrac Inc. ranked Maryland fourth in

Commercial Mortgages Loans Maryland commercial loan or home commercial loan Maryland lenders provide financing and Hard money loans refinancing nationwide ...

US home loan originations drop to 4-year low

ATTOM Data Solutions , curator of the nation’s premier property database, today released its Q2 2018 U.S. Residential Property Loan Origination Report, which shows that more than 1.5 million (1,527,433) loans secured by residential property (1 to 4 units) were originated in Q2 2018, down 16 percent from the previous quarter and down 27 percent from a year ago to the lowest level since Q1 2014, a more than four-year low.

• 662,713 of the residential loans originated in Q2 2018 were purchase loans, down less than 1 percent from the previous quarter and down 28 percent from a year ago.

• 591,868 of the residential loans originated in Q2 2018 were refinance loans, down 26 percent from the previous quarter and down 27 percent from a year ago.

• 272,852 Home Equity Lines of Credit (HELOCs) were originated on residential properties in Q2 2018, down 22 percent from the previous quarter and down 23 percent from a year ago

The loan origination report is derived from publicly recorded mortgages and deeds of trust collected by ATTOM Data Solutions in more than 1,700 counties accounting for more than 87 percent of the U.S. population. Counts and dollar volumes for the two most recent quarters are projected based on available data at the time of the report (see full methodology below).

Originations dropped to 4-year low in Q2

However, on an annual basis, all three loan types saw double-digit declines: 28% for purchases, 27% for refinaces, and 23% for HELOCs.

"Rising mortgage rates are cooling mortgage demand across the board, with overall originations down to their lowest level since 2014 — the last time we saw more than six consecutive months with average 30-year fixed mortgage rates above 4%," said Daren Blomquist, senior vice president at ATTOM Data Solutions.

The median down payment on single family homes and condos purchased with financing in Q2 2018 was $19,900, a new record high going back to Q1 2000, the earliest data available.

The median down payment was up 19% from $16,750 in Q1 and up 18% from $16,925 in Q2 2017 and represented 7.6% of the median sales price of the homes purchased with financing during the quarter, up from 6.6% in both the previous quarter and Q2 2017. It was the highest level since Q3 2003, a nearly 15-year high.

More buyers getting help

I was wondering if anyone knew anything about USDA mortgage in Maryland? I'm looking for details if possible?

I'm a first time Home buyer ex Realtor and I understand a little bit about it. I did not have my Maryland License but I'm looking to get answers for my Mortgage lender who seems can't find any???

What kind of details do you need besides the following.