AAG expands offerings to help consumers “retire better”

American Advisors Group, the nation’s largest reverse mortgage lender, announced Wednesday that it has rebranded as a provider of home equity solutions. While it will continue to originate reverse mortgage products, the company will also offer conventional and FHA refinance loans and real estate services in a bid to help older Americans achieve better financial outcomes in retirement.

Mortgage lender HomeStreet shuts offices, lays off more than 100 full-timers

“Given the persistent shortage of new and retail housing and increased interest rates, reducing demand for both purchase and refinanced mortgages, along with recent decrease in our composite margins, we took additional steps in the quarter to streamline our mortgage banking operations,” CEO Mark Mason explained.

Ocwen reports ‘higher-than-hoped’ $30 million loss

Ocwen Financial continues to lose money, posting yet another loss, however the company pointed out that the losses continue to grow smaller. Much of the company’s losses can be contributed to ongoing court fees and legal battles, which it continues to face in states across the U.S., and an ongoing restructuring effort.

Freddie Mac: Mortgage rates hit highest level this year

Mortgage rates inched forward this week, finally reaching its highest level since June 2017, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater says although the economy is healthy, affordability is still a concern for the housing market.

Why loan officers need to pay attention to Facebook’s bleak forecast

Facebook made history Thursday with the largest one-day loss of any publicly traded company, ever. And, with fewer and fewer consumers logging on every day, its days as the best method for free self-promotion among loan officers and real estate agents may be numbered.

Compliance hot topic: Am I required to perform an annual MERS audit?

It depends on your MERS membership type. Depending on the size of your servicing portfolio, the review may be conducted by an internal department or you may need to engage an outside independent third party to perform the review. 

New-Home Sales May Be in Trouble

Recent reports show the market for new homes is slowing at an unusual time of year. Builders are blaming the summer slowdown on tariff strife.

Foreign Buyers Lessen Their Investments in U.S. Real Estate

Ongoing housing shortages and rising home prices are prompting international buyers to pause in their recent homebuying sprees in the United States.

 

‘Fair’ vs. ‘Very Good’ Credit: The Impact on Mortgages

Consumers who make efforts to raise their credit scores from “fair� to “very good� could see significant savings when they apply for mortgages. Here’s how much.

CoreLogic acquisition spree pushes earnings higher in Q2

Recently, CoreLogic, a property information, analytics and data-enabled services provider, has been on a roll when it comes to acquisitions; for this reason, it comes as no surprise the company reported an increase in earnings in the second quarter of 2018.