2nd Consecutive Record Low for COFI

Author:  //  Category: Mortgage

Just one month after descending to a new all-time low, the Cost of Funds Index did it again.

For the month of July, COFI — which is used as an index on some adjustable-rate mortgages — came in two basis points lower than in June.

A Mortgage Daily analysis of historical COFI data going back to July 1981 indicates that the latest index was the lowest on record.


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2nd Consecutive Record Low for COFI

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Freddie Lifts 2015 Origination Outlook by $100 Bil

Author:  //  Category: Mortgage

Expected home lending activity this year has been raised $100 billion by Freddie Mac, and refinances were the biggest beneficiary.

During the three months ended Sept. 30, reddie predicts that mortgage originations by all U.S. lenders will total $380 billion.

Activity is expected to tumble to $285 billion in the fourth quarter and $260 billion during the first-three months of next year.


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Freddie Lifts 2015 Origination Outlook by $100 Bil

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SimySkin Inc. Beauty Award

Author:  //  Category: Mortgage

Targeted Skin Care Solutions For Every Phase of Your Life

WEST PALM BEACH, FLORIDA, USA, August 31, 2015 /EINPresswire.com/ — Georges Benarroch, CEO of SimySkin Inc. is pleased to announce that Jones Magazine, a well-known beauty and lifestyle …

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SimySkin Inc. Beauty Award

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Several Home Lending Conferences On the Calendar

Author:  //  Category: Mortgage

Upcoming mortgage-related conferences and events include one on government lending, one focused on a single technology platform and several targeted at financial institutions.

The 2015 National Fair Housing Training & Policy Conference hosted by the Department of Housing and Urban Development kicks off on Tuesday at HUD’s headquarters in Washington.

HUD Secretary Juilan Cástro will speak at the opening session. Among featured guests are U.S. Attorney General Loretta E. Lynch; Walter Mondale, who served as vice president in the Carter administration; and Sen. Tim Kaine (D-Virginia).


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Several Home Lending Conferences On the Calendar

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Up Tick in CMBS Delinquency

Author:  //  Category: Mortgage

The see-saw activity in delinquency on securitized commercial real estate loans continued this month, with the latest gyration being on the up cycle.

During August, the rate of 30-day delinquency on loans included in commercial mortgage-backed securities was three basis points higher than a month earlier.

In July, the rate moved down three BPS, while CMBS delinquency declined on a month-over-month basis during June.


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Up Tick in CMBS Delinquency

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Tenon back to paying dividend

Author:  //  Category: Mortgage

… after being hit by the sub-prime mortgage crisis and subsequent global financial …

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Tenon back to paying dividend

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Stonegate Chief Out

Author:  //  Category: Mortgage

The founder and chief executive officer of one of the 20-largest home lenders in the country is resigning his post.

Jim Cutillo founded Stonegate Mortgage Corp. in 2005. He shepherded the company as it grew from a startup to a national lender.

Cutillo led the Indianapolis-based firm through an initial public offering in late 2013 and oversaw the subsequent acquisition of several businesses.


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Stonegate Chief Out

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Study: Racial Disparity Persists in Mortgages

Author:  //  Category: Mortgage

… traditional variables are controlled – similar mortgage product, similar income level, similar … the most vulnerable to subprime lending and higher mortgage rates,” Cheng … Between What Borrowers Pay for Mortgages,” Florida Atlantic University (Aug. 19 …

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Study: Racial Disparity Persists in Mortgages

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Subprime Borrowers Should Apply for That Credit Card Now

Author:  //  Category: Mortgage

… risk to credit card companies, mortgage lenders and other creditors, and … customers, the company states.
Subprime consumers continue to gain access … approaching subprime originations cautiously.”
If you're a subprime borrower …

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Subprime Borrowers Should Apply for That Credit Card Now

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Dynasty Lords Releases Its Latest Version; Social Integrations Now Available

Author:  //  Category: Mortgage

Social integration will now play a power-packed role in Dynasty Lords, as war game fanatics play out their act of aggression and strategic planning.

IRVINE, CA, USA, August 28, 2015 /EINPresswire.com/ — Dynasty Lords' updated version now offers a …

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Dynasty Lords Releases Its Latest Version; Social Integrations Now Available

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