Mortgage rates and housing demand: What you need to know
There are two basic categories of mortgages: the fixed-rate mortgage, and the adjustable-rate mortgage or ARM. In these categories, there are variations.
Mortgage applications increase as rates fall
Mortgage applications increase 0.1% as bonds rally The Mortgage Bankers Association (or MBA) Applications Index rose 0.1% after falling 3.5% the week before. Mortgage applications had been mired at lows……
Stonegate Mortgage Appoints R. Douglas Gilmore as Chief Information Officer
Stonegate Mortgage Corporation , a leading, publicly-traded mortgage company announced today that R. Douglas Gilmore has been appointed to the role of Chief Information Officer, to lead IT and technology efforts, including the development of Stonegate Connect.
Hunt Mortgage Group Refinances a Multifamily Property Located in Rochester, New York
Hunt Mortgage Group, a commercial real estate lender, announced today that it has provided a $2.0 million Fannie Mae loan facility to refinance 150 Park Avenue and Mount Hope Manor Apartments.
Builders Capital Mortgage Corp. Reports 2014 Fourth Quarter and Year-End Results
Builders Capital Mortgage Corp. today released financial results for the three and 12 months ended December 31, 2014. The three-month period represents the fourth quarter of the company's 2014 fiscal year, …
Ocwen Financial (OCN) Stock Climbing Today Following Mortgage Servicing Rights Sale
NEW YORK (TheStreet) — Shares of Ocwen Financial Corp. are climbing, higher by 3.75% to $9.96 in midday trading Monday, following the company's announcement from earlier today that it signed an agreement in principle to sell its mortgage servicing rights to non-bank residential mortgage servicer Nationstar Mortgage Holdings Inc. . Ocwen Loan Servicing will sell its $9.8 billion portfolio of …
Mortgage volume freezes, not the weather
Mortgage demand seems to be suffering from a lack of reason to refinance and a lack of homes for sale.
Mortgage volume falls on higher rates
Higher interest rates brought loan application volume down 9 percent last week, the Mortgage Bankers Association says.
Mortgage Rates Fall For First Time In Four Weeks, Freddie Mac Says
Mortgage rates fell for the first time in four weeks, mortgage buyer Freddie Mac said Thursday.
New mortgage crisis brewing: Bove
There's a new mortgage crisis brewing — only this one is completely different than the one in 2008, says bank analyst Dick Bove.