Mortgage Industry News Archives - Page 5 of 18 - BuyOrSellYourHome.com

Category: Mortgage Industry News

“Record Q4 Sales of Encompass Loan Origination System Bolster ICE Amid Market Challenges”

In the final quarter of 2023, ICE Mortgage Technology announced a significant advancement in their adjusted operating income, reaching a high of $193 million. This impressive increase was largely propelled by unparalleled sales of their promising product, Encompass.

“Revolutionizing Reverse Mortgage Prospects in Colorado Through Innovative Radio Outreach”

Bruce Simmons shares his insights on how adjusting the radio broadcasting focus has significantly improved his reverse mortgage business.

“Exploring NYCB’s Potential Mortgage Risk Transfer amidst Market Challenges”

The bank, under recent stress, is taking steps to sell off a portion of its assets as a means to enhance the strength of its capital position.

“Understanding Fannie Mae’s Clarifications on ARM Interest Rates and Cash-Out Refi Terms for Manufactured Homes”

The updates for the Selling Guide in February include revisions to the qualifying Adjustable Rate Mortgage (ARM) interest rate by the Government-Sponsored Enterprises (GSE). Additionally, an extra decade has been added to the term for cash-out refinancing when it comes to manufactured homes.

“Revamping the Housing Scene: New Recommendations for GSEs Duty-to-Serve Plans Unveiled by Housing Coalition”

Thirty-two organizations focused on housing have unveiled their “Blueprint 2024”, a document stipulating prospective strides that the agencies’ Duty to Serve strategies can undertake.

“Embrace Home Loans Welcomes New President: An Inside Look at the Leadership Change”

Embrace Home Loans, an autonomous mortgage lending institution, has elevated Ryan “Buddy” Hardiman to the role of president.

“Thomas Yoon Takes the Helm of Wholesale Lending: A New Era in Home Financing”

The past president of EQA Mortgage is now applying his proficiency to the specialized non-QM unit of Summit Funding.

“FOA Increases Blackstone’s Borrowing Limit to a Whopping $85 Million: A Deeper Look”

FOA, a foremost provider of reverse mortgages, expressed gratitude towards Blackstone for their sustained backing. It came as the industry sets its sights on forging a fresh trajectory in 2024.

“Deciphering Mortgage Rates: A Blend of Data and Insight for Couple Homebuyers”

Welcome to the recently launched Mortgage Rates Center, an invaluable tool for housing industry professionals. This platform provides access to current mortgage rate data and crucial insights to aid comprehension and facilitate informed decision-making.

“Understanding the New Era: Tightened Residential Mortgage Lending Standards According to the Federal Survey”

Anticipations are high within banking institutions for a surge in the demand for mortgages projected to span across the entire loan spectrum in 2024. This surge is largely attributed to predicted reductions in the rates.