Mortgage News

For consumers, Mortgage News Daily (MND) provides education via thousands of pages of information related to mortgage, real estate, and housing matters. Through the collaborative environment created by MND, professional members of our community have answered thousands of questions submitted by consumers, creating a vast knowledge base.

RSS Pipeline Press

  • Reverse Mortgage and USDA/Rural News; Economics and Rates
    Are you an LO interested in receiving a $5 Amazon Gift Card for your participation in a short survey? Tobe Agency, a digital marketing agency focused on the mortgage vertical is trying to understand the challenges that LOs face in their jobs through a 5-7 minute survey. “Ultimately we’d like to understand what content LOs […]
    Rob Chrisman
  • Training and Resources; Economy Continues to Move Rates Higher
    Jobs & housing drive the economy, and yesterday we learned that Existing Home Sales fell 3.2% in January, according to NAR. Lawrence Yun, NAR's Chief Economist said: “The utter lack of sufficient housing supply and its influence on higher home prices muted overall sales activity in much of the U.S. last month.” Buyer traffic is strong, […]
    Rob Chrisman
  • Flagstar's Expansion; News Regarding Freddie and Fannie
    Why couldn’t the sesame seed leave the gambling casino? Because he was on a roll. In an admittedly weak segue, rolls are made in kitchens, and LOs may want to pass this link along to their Realtor clients: here are the top trends this year in kitchens. top trends this year in kitchens. Some of […]
    Rob Chrisman
  • New Products, Expansion; Legal and Political Updates
    Welcome to Day 1 of the longest period in the United States without a federal holiday: President's Day to Memorial Day. Some will think, “That’s a drag,” while others will think, “That’s more days to fund loans!” Speaking of fundings, the precise HMDA information for 2017 won’t be out until September. But if you want […]
    Rob Chrisman
  • Subservicing Product; Tax Changes' Impact on Business
    Mortgage rates are greatly influenced by supply and demand. And if both the U.S. government and individuals need to borrow money, the government usually wins. Total U.S. household debt hit an all-time high of $13.15 trillion at the end of 2017. That’s up $193 billion from the previous quarter. Mortgage debt is at $8.88 trillion, […]
    Rob Chrisman
  • ARM and Jumbo Changes; Upcoming Events and Training
    If you claim that many areas of the nation have few houses for sale, no one will disagree. (“Rob, when are those big funds that own tens of thousands of rentals going to start selling?” With rents and values going up like they are, don’t hold your breath.) Arguably inventory is at an all-time low. […]
    Rob Chrisman
  • New Association in Business; Radian Changes; Flagstar's Ginnie Response
    Two men are sitting in a bar when Mark Zuckerberg walks in. One of the men says to his friend, “This is awesome! On average, everyone in this bar is worth $20 billion!” It’s important to remember the difference between “mean” and “average.” Now, apparently, in the most expensive housing markets in the country, a […]
    Rob Chrisman
  • Mr. Cooper Has a New Foster Parent; Why LO's Should Care About the Budget
    Every lender has seen rates move higher, and nearly every lender has seen the inventory of homes for sale decline. With rates moving higher, which should not be a big surprise to anyone, the press has latched on to the question of the impact of 5% mortgages on the industry. With the economy doing well, […]
    Rob Chrisman
  • Layoffs and Signing Bonuses, Productivity and Margins - Grim Times Ahead?
    People are usually surprised to learn there are more boating licenses issued in Wyoming then in Hawai’i. Arizona and flooding? CoreLogic research finds 23% of residential and commercial properties in the US are at a “High” or “Moderate” risk of flooding, but are outside of designated special flood hazard areas, based on its proprietary analysis. […]
    Rob Chrisman
  • Mortgage Cryptocurrency; Lender and Agency FHA, VA changes; Ginnie Names Names
    Here’s a riddle for tonight’s Happy Hour for snowed-in Chicagoans: What do New Day Financial, Nations Lending Corp., Freedom Mortgage Corp, LoanDepot.com LLC and Flagstar Bank have in common? Answer: they were singled out by Ginnie Mae as being "outliers" in terms of their prepayment speed profiles in multi-issuer pools, and not in a good […]
    Rob Chrisman