House votes to revamp Qualified Mortgage rules

The House of Representatives voted Wednesday to change the definition of “Qualified Mortgage,” opening the door to a potentially seismic change in the mortgage lending landscape. But will the President play along? News feed  More...

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By admin On Friday, November 20th, 2015
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CoesterVMS names Kevin Klosterman director of valuations

In this role, Klosterman will be responsible for training CoesterVMS’ national network of appraisers regarding the company’s existing and new valuation products. He also will be instrumental in the More...

By admin On Friday, November 20th, 2015
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The industry is in dire need of appraisers

Sixty-two percent of appraisers are 51 and older, and as more retire over the next few years, it could mean longer waits, higher fees and even lower-quality appraisals. Will there be enough appraisers in More...

By admin On Friday, November 20th, 2015
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Freddie Mac: Mortgage rates barely move

Mortgage rates barely wavered after a recent upward trend. Freddie Mac’s chief economist explained that this week the market shrugged off economic data and world events and turned its attention to the More...

By admin On Friday, November 20th, 2015
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Goldman Sachs: Residential investment on pace for solid growth [Chart]

Goldman Sachs sent an email to clients advising that growth in residential investments through 2016 will be solid, though not as strong as they originally hoped. Plus, this growth will likely curtail in More...

By admin On Monday, November 16th, 2015
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Sources: loanDepot withdraws Initial Public Offering

The delay comes as unfavorable market conditions have caused several IPOs to discount or delay their offerings amid the volatility that has plagued the market since August. News feed  More...

By admin On Monday, November 16th, 2015
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Mortgage lenders need to act now or miss the Millennial market

The opportunity to reach the Millennial surge of buyers is not years away, and it won’t happen automatically. They are not happy with the way most providers in today’s environment are reaching them, More...

By admin On Monday, November 16th, 2015
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MBA: New home purchases drop in October

Turns out the impact of TRID runs deeper than just a volatile month for mortgage applications. A new report from the Mortgage Bankers Association shows that mortgage applications for new home purchases More...

By admin On Monday, November 16th, 2015
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Someone is stealing For Sale signs in Phoenix and no one knows why

Luckily, the market hasn’t given itself to full panic mode, yet. These signs are expensive, real estate agents pony up the money for them. So, someone needs to pay. News feed  More...

By admin On Monday, November 16th, 2015
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[Chart] MBA: Demand for VA loans continues to trend higher

In honor of Veteran’s Day, the Mortgage Bankers Association’s chart of the week shows the Veterans Administration’s share of all purchase loan applications during 2015. News feed  More...

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