Mortgage Leads Target Reverse, Hard Money Prospects (May 20)
Recent mortgage lead rankings rate both and mortgage lead providers and the mortgage firms that buy the leads. Several services are focusing on the reverse mortgage sector, while one is targeting hard money loans and another is zeroing in on Home Affordable Refinance Program prospects.
2013 Refinance Outlook Improves (May 20)
Just a month after it was lowered, the forecast for residential refinance originations was lifted for this year. Mortgages outstanding are on track to exceed $10 trillion again.
Production Jobs Dominate Mortgage Hirings (May 19)
Two years ago, it was mortgage servicers that were doing most of the recruiting in real estate finance. Today, however, it is increased mortgage originations that are driving mortgage recruiting efforts.
Purchase Financing Defies Overall Weekly Slump (May 17)
Although overall new mortgage activity was slower this week, purchase financing was up, albeit only slightly. Adjustable-rate mortgage activity also ticked higher.
RESPA Violations Prove Costly for Bank, Builder (May 17)
A Texas bank has been fined, and a Texas builder has agreed to a settlement over alleged violations of the Real Estate Settlement Procedures Act tied to joint ventures.