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Finding Your Dream Home: A Guide to a Successful Home Search with a Pre-Approval
Anyone planning to buy a home is anticipating the home-hunting process. Finding your home's budget comes first after receiving a pre-approval. This can help you determine what kind of home you can seek and what you can afford. After receiving a...
Record Non-QM Originations at Angel Oak
Growth in non-QM home lending has driven quarterly mortgage production at Angel Oak Companies to an all-time high. The origination of loans that didn't meet Qualified Mortgage requirements came to $0.664 billion during the three months that...
Large Non-Performing GSE Portfolio Sells
A significant portfolio of non-performing government-sponsored enterprise single-family loans that hit the market last month has found a buyer. In September, the Federal National Mortgage Association offered a portfolio of 10,780 non-performing...
Mortgage Rates Soar, Could Sink in Next Report
An expected surge in mortgage rates came to fruition this week. The latest forecast has fixed rates tumbling in next week's report. A new index for adjustable-rate mortgages moved lower. A stunning 19-basis-point surge from the preceding week left...
California Pummeled by Mortgage Layoffs
A Mortgage Daily analysis of individual states' employment data has uncovered thousands of previously unreported mortgage-related layoffs this year. California employees suffered the most, while banks took a beating. Stearns Lending LLC advised the...
Flagstar Hires Former PrimeLending President
The former president of PrimeLending has been hired by Flagstar Bank to work in its retail production division. His career spans several major home lenders. PrimeLending announced in October 2017 that it had replaced its president of five years,...
Man Murdered While Appraising Property
DETROIT -- A Harrison Township man is facing murder and other charges after prosecutors say he shot two men attempting to secure his former business that had been foreclosed on. David Erwin Unger, 55, shot and killed 56-year-old Mark Siecinski of...
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Record Non-QM Originations at Angel Oak
Growth in non-QM home lending has driven quarterly mortgage production at Angel Oak Companies to an all-time high. The origination of loans that didn't meet Qualified Mortgage requirements came to $0.664 billion during the three months that...
Large Non-Performing GSE Portfolio Sells
A significant portfolio of non-performing government-sponsored enterprise single-family loans that hit the market last month has found a buyer. In September, the Federal National Mortgage Association offered a portfolio of 10,780 non-performing...
Mortgage Rates Soar, Could Sink in Next Report
An expected surge in mortgage rates came to fruition this week. The latest forecast has fixed rates tumbling in next week's report. A new index for adjustable-rate mortgages moved lower. A stunning 19-basis-point surge from the preceding week left...
California Pummeled by Mortgage Layoffs
A Mortgage Daily analysis of individual states' employment data has uncovered thousands of previously unreported mortgage-related layoffs this year. California employees suffered the most, while banks took a beating. Stearns Lending LLC advised the...
Flagstar Hires Former PrimeLending President
The former president of PrimeLending has been hired by Flagstar Bank to work in its retail production division. His career spans several major home lenders. PrimeLending announced in October 2017 that it had replaced its president of five years,...
Man Murdered While Appraising Property
DETROIT -- A Harrison Township man is facing murder and other charges after prosecutors say he shot two men attempting to secure his former business that had been foreclosed on. David Erwin Unger, 55, shot and killed 56-year-old Mark Siecinski of...
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