This week, mortgage rates trended up while applications declined as the Federal Reserve sent out large signals that a rate hike is imminent in June, but Friday's employment report could completely derail those plans.
Read More »Lenders Approve More Jumbo Loans, But Not to Minorities
Data shows that jumbo loan success and diversity lending do not necessarily go hand-in-hand. Editor's note: The inaugural Five Star Diversity Symposium will be June 16, 2016, at the Belo Mansion in Dallas, Texas. The Five Star Institute is the parent company of The MReport and TheMReport.com.
Read More »FDIC Reaches RMBS Settlement with Eight Institutions
The FDIC has filed a total of 19 RMBS lawsuits on behalf of eight institutions seeking damages for violations to federal and state securities laws.
Read More »Top 10 Millennial Purchase Markets
Millennials are able to become homeowners in these 10 affordable metro areas that boast steady job growth and lower income qualifications needed to purchase a home.
Read More »Housing Demand Slips in the Midst of Low Supply
With fewer homes for sale on the market over the past year, housing demand had no choice but to follow suit and take a tumble as well, according to Redfin's Housing Demand Index.
Read More »ClosingCorp Names New VP of Sales, Strategic Relationships
ClosingCorp, a provider of residential real estate closing cost data and technology for the mortgage and real estate services industries, announced that Matthew Lichtner has joined the company as VP of Sales, Strategic Relationships.
Read More »How Lenders Should Approach VA Loans
Joe Murin, who is on the Board of Advisors at NewDay USA, sat down with MReport to discuss how lenders can attract veterans to VA loans and ensure their financial stability in the process.
Read More »Housing Advocates to FHFA: GSEs Need to Rebuild Capital
Housing finance reform is once again taking center stage as several industry stakeholders have sounded off on the topic, stressing the importance of protecting taxpayers and the mortgage industry in general.
Read More »First Mortgage Settles SEC RMBS Fraud Charges
California-based First Mortgage Corporation, a lender that issued Ginnie Mae RMBS backed by loans it originated, has agreed to pay $12.7 million to settle fraud charges brought on by the SEC.
Read More »Are Current Home Prices Sustainable?
Home prices have entered into peak levels not witnessed since 2006, causing a growing concern in the industry about the long-term sustainability of current home prices.
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