1+ day, 17+ hour ago   (804+ words) Jumbo lending credit retreated last month, pulling down overall availability of a leading home loan product index, according to the newest report from the Mortgage Bankers Association. On the ground, though, some lenders find certain large-balance transactions proceeding as usual,…...

2+ day, 10+ hour ago   (932+ words) The annual large independent mortgage banker race to raise their internal conforming loan limit ahead of the formal announcement in November has begun. Rocket became the first of the group of five to announce this year's change, on Sept. 10. For…...

3+ day, 12+ hour ago   (985+ words) When the third quarter is over at the end of the month, it is likely agency mortgage-backed securities issuance volume will not reach either BTIG and consensus expectations, a new report said. As borrowers shift toward home equity products, originators…...

4+ day, 9+ hour ago   (181+ words) Mortgage Capital Trading, a mortgage capital markets technology provider, announced the addition of Tom Piercy as director of mortgage servicing rights advisory. Piercy brings nearly 40 years of capital markets experience in the valuation, trading and hedging of mortgage servicing rights....

5+ day, 14+ hour ago   (586+ words) The mortgage community has always been driven by innovation, resilience, and the people behind every successful organization. That's why National Mortgage News is proud to celebrate its partnership with Best Companies Group to launch 2027's Best Mortgage Companies to Work…...

5+ day, 19+ hour ago   (580+ words) Fannie Mae has updated its "highest and best use requirements" for the Uniform Appraisal Dataset 3.6 standard currently being implemented. These changes also involve reporting rental income via this standard. The switchover, which is being phased in, requires all appraisals submitted…...

6+ day, 1+ hour ago   (720+ words) To run its start-up mortgage wholesale production channel, Evergreen Moneysource turned to an executive who has a broad swath of experience in third-party originations, as well as including reverse mortgages and depositories. Bob Marseilles most recently was vice president, third…...

1+ week, 1+ day ago   (1175+ words) The Uniform Appraisal Dataset 3.6 is set to create massive changes to the appraisal industry when it becomes mandatory on Nov. 2, a transition some appraisers don't want to deal with. With some of an already shrinking appraiser workforce expected to take…...

1+ week, 2+ day ago   (564+ words) California mortgage firm Truss Financial Group announced a pivot into direct lending, making it the latest company this year to make changes in the current business environment that supports operational expansion. A specialist in non-qualified mortgages and debt-service coverage ratio…...

1+ week, 3+ day ago   (421+ words) Chicago-based Rate is opening a profit and loss branch in the city's Elmhurst suburb, bringing in two former Fairway Independent Mortgage originators to helm the operation. The new office "advances Rate's broader expansion of its profit-and-loss platform," the company's press…...