A recent study of U.S. home lenders conducted by J.D. Power and Associates concluded that Quicken Loans Inc., which is the largest online lender in the U.S., as well as being one of the top five retail mortgage lenders in the U.S., was the best home lender in the U.S. in terms of customer satisfaction. [...]
The mortgage giant Freddie Mac recently issued a statement regarding the maximum conforming loan limits for next year, stating that these limits will remain unchanged from current figures until the end of September 2011 with respect to high cost areas across the United States, and also stating that they will remain unchanged from current rates [...]
The latest Weekly Mortgage Rate Pulse from the LendingTree.com indicates that average mortgage rates have dropped following the recent decision made by the Federal Reserve, as was predicted by many experts. The average rates currently being offered by lenders within the LendingTree network of lenders are 4.34% for 30-year fixed mortgages, which works out to [...]
The latest figures from the weekly national survey conducted by Bankrate.com indicate that mortgage rates edged marginally higher this week, with the average rate on 30-year fixed mortgages currently being recorded at 4.46% and the average rate for 15-year fixed mortgages being recorded at 3.84%. Rates for Adjustable Rate Mortgages (ARMs) were also marginally higher [...]
Mortgage Daily recently released their Mortgage Lender Rankings for the third quarter of this year, ranking mortgage lenders across the United States in terms of both the number of mortgage loans originated and the number of mortgage loans serviced. According to the latest Mortgage Lender Rankings, the biggest mortgage lender in the United States in [...]
Data contained in the latest September Mortgage Monitor report published by Lender Processing Services, Inc. indicate that although the number of delinquencies recorded during the month of September decreased by a very significant 7.8 percent when compared with the number of delinquencies recorded during the same month last year, the delinquency rate remains at an [...]
Lender Processing Services, Inc., which is a provider of integrated technology, data and analytics to the mortgage and real estate industry, recently released its “first look” mortgage report for the month of September. The report indicates that the total U.S. delinquency rate as well as the total U.S. foreclosure pre-sale inventory rate had increased since [...]
The Speaker of the United States House of Representatives, Nancy Pelosi, recently issued a statement regarding the extension of single family loan limits applicable to the Federal Housing Administration (FHA), Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC), which was recently passed by Congress and signed by President Obama. The extension, which is valid up until [...]
Due to the current housing market crisis, the practice of short selling, which involves the homeowner selling their property for a lower amount than the outstanding balance on the mortgage, in order to avoid foreclosure and as a means of ensuring that the lender receives some return on investment, has become quite common. The number [...]
The Atlantic Bank and Trust, which is based in Charleston, South Carolina, has recently begun to expand its residential mortgage lending activities, as a result of increased customer interest. The bank has also enlisted the support of Kislak Lending Solutions for this expansion, and it is understood that the mortgages will be originated by the [...]
