First Federal Bank, based in Twin Falls, Idaho, has engaged Calque, a company that enables traditional lenders to offer buy-before-you-sell programs, to launch The Trade-In Mortgage in Idaho. With The Trade-In Mortgage, First Federal Bank will give individuals the opportunity to leverage the equity in their home to purchase a new one, prior to selling their current home.
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MISMO, the real estate finance industry’s standards organization, published the updated MISMO Engineering Guideline (MEG) 7.
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Rutledge Claims Management, Inc. (RCM), a provider of hazard insurance claims management for the mortgage industry, announced Aubrey Gilmore has been promoted from chief operations officer to president. In her new role, Gilmore will oversee RCM’s core services and drive strategic decisions, ensuring client satisfaction and the company’s reputation for excellence in the hazard insurance claims sector.
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Mortgage applications decreased 7.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 26, 2024. Last week’s results included an adjustment to account for the MLK holiday.
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MBA SVP and Chief Economist Mike Fratantoni’s reaction to the U.S. Commerce Department report on Q4 GDP bodes well for mortgage lending. He said:
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S&P Dow Jones Indices (S&P DJI) released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released for November 2023 show that 12 out of the 20 major metro markets reported month-over-month price decreases.
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MISMO, the real estate finance industry’s standards organization, issued a call for industry professionals to join a new development workgroup (DWG) focused on creating an enhanced replacement for the existing EDI (Electronic Data Interchange) 260 Application for Mortgage Insurance Benefits.
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Down Payment Resource (DPR) released its Q4 2023 Homeownership Program Index (HPI) report. During a year when home affordability hit a nearly four-decade low, housing agencies introduced 135 homebuyer assistance programs and expanded eligible inventory to make homeownership more accessible.
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Mortgage applications increased 3.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 19, 2024. The results include an adjustment to account for the MLK holiday.
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AryMing Asset Management, a forward-thinking minority-owned fund manager with a focus on non-performing distressed mortgages, proudly welcomes Ari Zweig as its Managing Director, bolstering its executive team with over 20 years of financial industry expertise. Ari’s extensive background in analyzing distressed mortgage credit, honed during his tenure at MBIA Insurance Corporation, positions him as a key player in AryMing’s strategic growth.
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