2nd Consecutive Monthly Rise in COFI

Author:  //  Category: Mortgage

For the second month in a row, an increase has been recorded for the Cost of Funds Index. A more widely used index, however, was down.

COFI, which is utilized to determine rate and payment changes on some adjustable-rate mortgages, was down one basis point in January.

It was the second consecutive monthly rise for COFI, which now stands at its highest level since May 2015, based on historical data.


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2nd Consecutive Monthly Rise in COFI

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2016 Mortgage Refi Forecast Lifted, Purchase Cut

Author:  //  Category: Mortgage

This year’s outlook for mortgage refinance production has been raised, though it was to the detriment of anticipated home purchase financing volume.

Overall originations, including refinances and purchases, are expected to increase from $320 billion during the first quarter to $460 billion three months later.

Residential lending activity by all U.S. mortgage originators is then forecasted to decline to $420 billion during the third quarter of this year.


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2016 Mortgage Refi Forecast Lifted, Purchase Cut

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Dollar Auction Game of The 1950s, New Useful Improvement

Author:  //  Category: Mortgage

Exhibía ® is the first bidding fee auction app officially approved by Facebook. Viva la “competitive social shopping” Watch your back eBay, here comes Exhibía

MIAMI, FLORIDA, USA, February 29, 2016 /EINPresswire.com/ — All the hype is around …

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Analysis: Trump Mortgage failed; what that says about Donald Trump

Author:  //  Category: Mortgage

… the residential market, Trump Mortgage offered residential mortgages with promises of quick … loans, many of them “sub-prime,” meaning the borrowers had … . Because Trump Mortgage served as a broker rather than a mortgage lender …

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Analysis: Trump Mortgage failed; what that says about Donald Trump

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Trump Mortgage couldn’t make crashing housing market great again

Author:  //  Category: Mortgage

… great time to start a mortgage company,” Donald Trump told CNBC … a new company called Trump Mortgage. Trump Mortgage also was mentioned in … commercial mortgages, for purchases and for refinancings, for prime and subprime borrowers …

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Trump Mortgage couldn’t make crashing housing market great again

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Walter Investment 2015 Lending Up Despite Lower Q4

Author:  //  Category: Mortgage

Quarterly originations and earnings fell short of prior-period numbers at Walter Investment Management Corp. Still, full-year home lending activity fared better than 2014.

From Oct. 1 to Dec. 31 of last year, Walter closed 20 percent less in residential loans than it did during the previous three month period.

This amount and other financial information were gleaned from the Tampa, Florida-based mortgage lender’s annual and fourth-quarter earnings report.


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Plans to Drive the US Workforce Forward During National Graduation Week

Author:  //  Category: Mortgage

Every year, communities across the country send out the brightest and their future hopes. NJ MED, wants to challenge them as they prepare for the US Workforce

CAMDEN, NEW JERSEY, USA, February 29, 2016 /EINPresswire.com/ — NJ MED knows the difficult …

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Plans to Drive the US Workforce Forward During National Graduation Week

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Radian Improves Pricing for Higher FICO Borrower

Author:  //  Category: Mortgage

On loans backed by Fannie Mae and Freddie Mac, Radian Guaranty Inc. is cutting its rates for some borrowers with higher credit scores.

The mortgage insurance company is expanding the number of categories for FICO score ranges to eight from just four that are currently in place.

The move is being made to more closely align with new private mortgage insurance eligibility requirements from the Federal Housing Finance Agency.


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Radian Improves Pricing for Higher FICO Borrower

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Mortgage Business Contracts at Ocwen

Author:  //  Category: Mortgage

Quarterly lending at Ocwen Financial Corp. slowed to the lowest level in three years, while the servicing portfolio diminished and losses continued.

During the final three months of last year, Ocwen originated 25 percent less in residential loans than in the previous three-month period.

The operational results were delivered as part of the Atlanta-based mortgage banking firm’s fourth-quarter 2015 earnings report released on Monday.


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Mortgage Business Contracts at Ocwen

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U.S. employment dives at General Electric

Author:  //  Category: Mortgage

… to mortgage loans handled by WMC, an originator of subprime residential mortgages GE …

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