Monday Morning Cup of Coffee: Number of borrowers with refi incentive plummets

Date: 5 Nov 2018 / Posted By: admin

Monday Morning Cup of Coffee: Number of borrowers with refi incentive plummets Amid rising interest rates, the latest data from Black Knight shows more than half of homeowners who entered the year with an incentive to refinance their mortgage have since lost it. And do you know what your candidate

Synergy One announces first big move under new management

Date: 2 Nov 2018 / Posted By: admin

Synergy One announces first big move under new management Synergy One Lending is set to acquire certain assets of BBMC Mortgage, significantly expanding its footprint in the Midwest. Synergy One CEO Terry Connealy said the company is excited to expand and serve more customers in the traditional and

Cash-out refis haven’t been this prevalent since the financial crisis

Date: 2 Nov 2018 / Posted By: admin

Cash-out refis haven’t been this prevalent since the financial crisis The volume of cash-out refinance loans hasn’t been this high since 2008, but experts at the Urban Institute say that when put into context, there’s no cause for alarm. “In an environment of home price appreciation, people

Federal Reserve proposes easing regulations for larger banks

Date: 2 Nov 2018 / Posted By: Leo

The Federal Reserve this week proposed the idea of easing regulations on larger financial institutions and announced it is seeking public comment on the issue. The Fed recently proposed four new tiers of regulation for banks with more than $100 billion in assets to ease compliance requirements for b

EquiFi to launch shared equity solution for homeowners looking for cash

Date: 2 Nov 2018 / Posted By: admin

EquiFi to launch shared equity solution for homeowners looking for cash Americans now have an unprecedented $6 trillion-plus in home equity, spurring the creation of products designed to help homeowners leverage this tremendous source of wealth. EquiFi plans to do just that, launching a shared e

Renters more financially stressed than homeowners

Date: 2 Nov 2018 / Posted By: admin

Renters more financially stressed than homeowners Almost half of renters say they have trouble paying for basic needs, according to a recent report by Washington think tank The Urban Institute. The study drilled down on past survey results to better assess the divide between renters and owners, rev

Bloomberg article targets one of Fannie and Freddie's biggest naysayers

Date: 2 Nov 2018 / Posted By: admin

Bloomberg article targets one of Fannie and Freddie's biggest naysayers According to Robert Schmidt, reporting for Bloomberg, vocal GSE critic Josh Rosner, who successfully runs a financial services business, is claiming financial disability is responsible for him not filing taxes accordingly.

Federal Reserve proposes easing regulations for larger banks

Date: 1 Nov 2018 / Posted By: admin

Federal Reserve proposes easing regulations for larger banks The Federal Reserve this week proposed the idea of easing regulations on larger financial institutions and announced it is seeking public comment on the issue. The Fed recently proposed four new tiers of regulation for banks with more t

Realtor.com works to increase agent visibility

Date: 1 Nov 2018 / Posted By: admin

Realtor.com works to increase agent visibility Realtor dot com recently announced plans to launch a new product, that will allow agents to place customized, branded ads on its website and social media. The website's senior vice president, Deepak Thakral, said Local Expert helps real estate professi

Zillow is now officially in the mortgage business

Date: 1 Nov 2018 / Posted By: admin

Zillow is now officially in the mortgage business It’s official – one of the biggest names in real estate just joined the mortgage industry. Zillow announced Thursday that it completed its acquisition of Mortgage Lenders of America, marking its official first step into the mortgage industry. Co