Mortgage Bankers Predict 3 Quarters of Declines

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After peaking in the second quarter, the nation’s mortgage bankers predict that loan originations will decline each of the following three quarters.

Industry-wide mortgage production is expected to fall from $463 billion in the second quarter to $455 billion in the current three-month period.

Home lending is then projected to continue dropping, to $348 billion in the final quarter of this year and $345 billion in the first-three months of next year.


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US Bank Adding 100s of St. Louis Mortgage Jobs

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After recently adding more than a hundred jobs in its mortgage division in St. Louis, U.S. Bank, N.A., plans to add hundreds more.

While U.S. Bank Home Mortgage is based in Minneapolis, it operates offices in the St. Louis area, where its president, Tom Wind, is based.

Thanks to 6.1 percent year-over-year growth in residential mortgages, the division has added more than 150 St. Louis-area jobs over the past year.


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PPEs Enhanced Through Integrations

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A number of offerings from various mortgage service providers have recently been integrated into multiple product-and-pricing engines. One lender is making its proprietary PPE available directly to consumers.

Garden State Home Loans Inc. has made its internal pricing engine available to prospective borrowers, an Aug. 17 announcement indicated.

Users of the Cherry Hill, New Jersey-based company’s PPE can confidentially shop Garden State’s mortgage rates without having to worry about phone calls and emails as a result of their inquiries.


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Radian Improves M.I. Premiums

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Rate changes being made by Radian Guaranty Inc. will improve mortgage insurance premiums for higher loan amounts, refinances and borrowers with high credit scores.

The Philadelphia-based company is expanding the number of credit-score categories for borrower-paid single rates from four FICO buckets to eight buckets.

The lowest FICO bucket is for credit scores that range from 620 to 639, while the highest FICO bucket is for scores of at least 760.


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High-LTV Guidance Issued for Banks

Author:  //  Category: Mortgage

The nation’s primary regulator of national banks has clarified lending practices for financial institutions that make residential loans with high loan-to-value ratios in struggling areas.

In some distressed communities, there is concern that depressed housing values are inhibiting mortgage lending and limiting the speed of recovery.

But banks are in a position to support revitalization in communities targeted by governmental entities by offering high-LTV products on owner-occupied single-family properties.


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Hard Money Made Easy in Expanding Markets

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Leading Lenders Continue to Serve More States

LAS VEGAS, NV, USA, August 22, 2017 /EINPresswire.com/ — Hard money lending (and borrowing), the oldest source of financing known to mankind, is growing at an exponential rate. According to such …

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LEORON Institute and LSBF Executive Education sign agreement for professional development courses in the Middle East

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Joint programmes in strategy, management, leadership, and HR pave way for new corporate training opportunities

DUBAI, UNITED ARAB EMIRATES, August 22, 2017 /EINPresswire.com/ — London School of Business and Finance (LSBF) and LEORON Institute …

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New art you Never get Tired of

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Carolin Israel exhibits 11 paintings at RPR ART

KOENIGSTEIN, HESSEN, GERMANY, August 22, 2017 /EINPresswire.com/ — Young artist Carolin Israel, a former student of Katharina Grosse, shows 11 of her latest paintings online at RPR ART until …

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Mortgage Production Reports Vary Widely

Author:  //  Category: Mortgage

Reports of mortgage production continue to roll in — with some home lenders achieving new milestones, ranking at the top of their local markets or giving up on the business.

During the 12 months ended June 30, there were 1.5 million purchase-money mortgages closed where the borrower made a less than 10 percent down payment.

The share of low-down-payment loans was the highest in seven years. The widening of the share followed four consecutive years of diminishing high-loan-to-value share.


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TITANIUM REAL ESTATE NETWORK Celebrates Being Ranked as one of 2017 America’s Fastest Growing Companies by INC Magazine

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Rudy L. Kusuma Home Selling Team Ranked No. 22 Top Real Estate Companies

LOS ANGELES, CA, UNITED STATES, August 21, 2017 /EINPresswire.com/ — Inc. magazine today ranked TITANIUM REAL ESTATE NETWORK (Rudy L Kusuma Home Selling Team) no. 660 on …

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