Cenlar Adds Thomas Donatacci as SVP and Investor Relations Officer
Former EVP of Business Development for The Money Source joins mortgage loan subservicer to strengthen relationships with Cenlar’s agency investors, shareholders, clients, and rating agencies. Source: DS News
Western, Upscale Markets Bearing Brunt of Market Slowdown
Oregon, Washington State, and higher-priced areas of the country are absorbing a larger share of recent market declines based on data from Q1 2023 as other lower-priced areas show less [...]
Ginnie Mae Updates Electronic Signature, RON Policy
Ginnie has extended the use of electronic signatures in conjunction with Remote Online Notarization to include power of attorney mortgage documents. Click through to read the details. Source: DS News
Tracing Steps Through the Great Mortgage Maze of 2023
The Five Star Institute, in partnership with SWBC, recently presented a webinar discussing a number of factors facing the U.S. economy and the current mortgage marketplace, and what’s in store [...]
Homeowners Hanging Onto Mortgage Rates Below 6%
According to a new report from Redfin, over 92% of homeowners with mortgages have rates below the current weekly average of 6.71%, which is near the highest level in over [...]
Fed Decides to Hold Interest Rates Steady at June Meeting
For the first time in 15 months, the Federal Reserve's Federal Open Market Committee moved to hold the nominal interest rate steady at a range of 5.00% to 5.25%. Source: [...]
FHA Offers New Multi-Language Resources
Multi-language translations of single-family mortgage documents in Chinese, Korean, Spanish, Tagalog, and Vietnamese are now available for lenders and servicers when working with borrowers with limited English proficiency. Source: DS [...]
Examining Risk Adjustment and Cross-Subsidization Among Markets
A new analysis from industry veteran Don Layton details the controversy surrounding how the Federal Housing Finance Agency has changed the specific amounts by which Fannie Mae and Freddie Mac [...]
How Homebuyers Can Save by Negotiating a Lower APR, Home Prices
According to a new survey from LendingTree, some 63% of homebuyers have negotiated their purchase price in hopes of saving money, while just 39% negotiated the mortgage or refinance rate [...]