Tag Archives: Lenders & Servicers

Freddie Mac's Primary Mortgage Market Survey indicated little to no movement in fixed rates for the week ending March 7. According to Freddie Mac's readings, the 30-year fixed-rate mortgage (FRM) averaged 3.52 percent (0.7 point) this week, up slightly from the previous 3.51 percent average. Last year at this time, the 30-year FRM averaged 3.88 percent. Meanwhile, Bankrate.com reported no movement in any of its three major metrics, with all of them reading the same as last week.

Initial unemployment insurance claims fell 7,000 for the week ending March 2, closing the week at an advance estimate of 340,000, the Labor Department reported Thursday. The decline represents the fourth drop in the last five weeks, indicating a downward trend in layoffs.

The Policy Advisory Board of Harvard├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós Joint Center for Housing Studies convened its first meeting of 2013 under the leadership of recently appointed chairman Michael H. Thaman.

Zillow saw a 16.6 percent decline in its overall number of listed homes in February, indicating an inventory crunch as buyers start to feel more comfortable getting into the market.

Following an industry report on immigrants in the American housing market, Residential Finance Corporation announced a new program for foreign and immigrant homebuyers.

In Tennessee, Quality Mortgage Services, LLC announced the opening of QMiS Systems, a provider of knowledge processing outsourcing (KPO) and business processing outsourcing (BPO) designed to serve the financial services and banking industries.

February's increase in mortgage interest rates took some of the heat out of the refinancing boom, Capital Economics says in its latest US Housing Data Response. Capital Economics' report, which compiles application data from the Mortgage Bankers Association (MBA), shows application volume fell 0.3 percent month-over-month in February. That decline, however, is still an improvement over January, which saw a 2.5 percent drop in applications from December.

Fairway Independent Mortgage Corporation, one of the nation's largest mortgage banks, announced the hiring of Phyllis Cheong and Pattie Wainright-Hosti as senior loan officers serving Georgia's greater Savannah area.

Global DMS and MortgageFlex announced that Global DMS' eTrac Enterprise platform is now integrated with MortgageFlex's LoanQuest loan origination system (LOS).

Bill Armstrong, founder and chairman of Colorado-based Blueberry Systems, LLC, was named by the Leadership Program of the Rockies (LPR) as the recipient of its 2013 Legacy Award.