Profile cover photo
Profile photo
NTXAMP
18 followers -
The ONLY Nationally associated Mortgage Association in North Texas
The ONLY Nationally associated Mortgage Association in North Texas

18 followers
About
Communities and Collections
Posts

Post has attachment
Public
Merry Christmas!
Photo
Add a comment...

Post has attachment
Public
Quarter-Over-Quarter Mortgage Gains at Fifth Third - The volume of home-lending activity at Fifth Third Bancorp ascended from the previous quarter, as did mortgage income and the size of the servicing portfolio. Earnings before income taxes were $494 million in the three months ended June 30, growing from $427 million in the same three-month period last year. Those metrics, as well as other financial and other operational results, were presented in the Cincinnati-based bank-holding company’...
Add a comment...

Post has attachment
Public
Q3 Mortgage Origination Forecast Lifted - Mortgage banking economists have improved their outlook for loan originations during the current quarter. Full-year expectations have risen for three months in a row. From July 1, 2017, through Oct. 31, home-lending volume is expected to reach $455 billion. In the final quarter of this year, production is projected at just $348 billion. The trough will occur in the first quarter of next year, when mortgage originations are expected to come in at onl...
Add a comment...

Post has attachment
Public
Foreclosure Decline Offsets Rise in Mortgage Lates - A slight drop in the foreclosure rate was more than enough to offset a modest bump in mortgage delinquency. Serious delinquency has improved for six consecutive months. The number of residential loans that were either delinquent at least 30 days or in the foreclosure inventory came to 2.342 million as of the midpoint of this year. Included in the June 30 total were 1.932 million mortgages that were at least 30 days delinquent but not in f...
Add a comment...

Post has attachment
Public
Mortgage Credit Tightens, FHA Loses Share to VA - Over the past year, there has been a shift in mortgage market share among government programs. Meanwhile, credit conditions contracted from the previous month. Conventional residential loans accounted for 64 percent of all mortgages that were closed during June 2017, unchanged from the same month last year. Another 22 percent of loans funded last month were insured by the Federal Housing Administration, and a 10th were guaranteed by the Depa...
Add a comment...

Post has attachment
Public
CMBS Lates Soar, Further Deterioration Likely - Delinquency on securitized commercial real estate loans soared more than 20 basis points last month and is expected jump at least 50 BPS more by year-end. Delinquency of at least 60 days on loans that are included in commercial mortgage-backed securities was 3.72 percent as of mid-year 2017. The past-due CMBS rate surged 22 basis points when compared to May 31, 2017. That was the biggest month-over-month spike since July 2011, when the rate pe...
Add a comment...

Post has attachment
Public
Quicken Loans Loses Class Action Appraisal Lawsuit - Quicken Loans Inc. has lost a class action in which it was accused of suggesting values to appraisals. But the mortgage giant expects to be vindicated on appeal. An attorney representing the plaintiffs claims that appraised values on loans made by the Detroit-based lender were in excess of the homes actual value. Such a situation leaves borrowers in a negative-equity position, according to the attorney, which could be disastrous when the ...
Add a comment...

Post has attachment
Public
Wells Fargo Sued Over Rate Lock Extension Fees - A former employee of Wells Fargo & Co. has filed a federal lawsuit alleging the lender wrongfully charged customers for rate-lock extension fees. Mauricio Alaniz previously worked in Beverly Hills, California, for the San Francisco-based bank-holding company in the mortgage department. According to his lawsuit, Wells Fargo charged fees to extend rate locks even though it was the financial institution’s fault that the rate locks expired. Sourc...
Add a comment...

Post has attachment
Public
Weekly Mortgage Business Leaps, ARMs Soar - New residential lending activity made a healthy gain following the holiday week. Even more impressive was skyrocketing adjustable-rate mortgage activity. A barometer of upcoming loan originations, the Mortgage Market Index from Mortgage Daily, was 172 in the week ended July 14. The index is based on rate-lock volume at OpenClose. The index, which was not adjusted to account for seasonal factors, soared 61 percent from the previous week that includ...
Add a comment...

Post has attachment
Public
Strong Mortgage Originations at First Republic - A nice quarter-over-quarter and year-over-year gain was made in home-lending activity at First Republic Bank. The servicing portfolio was trimmed, and mortgage assets grew. During the three months ended June 30, income before the provision for income taxes worked out to $220 million. Earnings ascended from $201 million in the year-earlier period. The San Francisco-based financial institution revealed the details, in addition to other financia...
Add a comment...
Wait while more posts are being loaded