Mortgage News

Fannie Mae Forgoes Issuing Benchmark Notes on June 11, 2019 Announcement Date

2019-06-11T13:38:00-04:00

Fannie Mae (FNMA/OTCQB) today announced that it will not utilize its June 11, 2019 Benchmark Notes® announcement date. As announced in our 2019 Benchmark Securities Issuance Calendar, the company may forgo any scheduled Benchmark Notes issuance.

This press release does

Fannie Mae Forgoes Issuing Benchmark Notes on June 11, 2019 Announcement Date2019-06-11T13:38:00-04:00

Mortgage Credit Availability Increased in May

2019-06-11T13:35:31-04:00

Mortgage credit availability increased in May according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from Ellie Mae’s AllRegs® Market Clarity® business information tool.

The MCAI rose 1.9 percent to 189.5 in May.

Mortgage Credit Availability Increased in May2019-06-11T13:35:31-04:00

MBA Releases Lender Disclosure Template for Adjustable-Rate Mortgage Borrowers in Preparation for LIBOR Sunset

2019-06-11T13:24:49-04:00

With the discontinuation of the London Interbank Offered Rate (LIBOR) likely on the horizon, the Mortgage Bankers Association (MBA) released today a disclosure template for residential mortgage lenders to share with consumers interested in applying for an adjustable-rate mortgage (ARM).

“As

MBA Releases Lender Disclosure Template for Adjustable-Rate Mortgage Borrowers in Preparation for LIBOR Sunset2019-06-11T13:24:49-04:00

Wells Fargo to Donate 1 Billion to Address Housing Affordability Crisis

2019-06-05T11:11:45-04:00

New philanthropic strategy to benefit under-served communities through housing, financial health and small business programs; $20 million challenge grant aims to accelerate solutions for U.S. housing needs

Industry veteran Brandee McHale joins Company to lead philanthropy

Wells

Wells Fargo to Donate 1 Billion to Address Housing Affordability Crisis2019-06-05T11:11:45-04:00

Pierce Bainbridge Is Investigating First American’s Exposure of Your Personal and Real Estate Information

2019-06-05T11:04:18-04:00

Have you bought or sold a home or other property using First American Financial Corporation or First American Title Company for title insurance or other services?  If so, your personal information may have been stolen and used by hackers.

Pierce

Pierce Bainbridge Is Investigating First American’s Exposure of Your Personal and Real Estate Information2019-06-05T11:04:18-04:00

SunTrust Doubles Community Investment in Atlanta to $300 Million Over Next Three Years

2019-06-05T10:52:11-04:00

SunTrust Banks, Inc. (NYSE: STI) announced that it will invest $100 million a year for the next three years in the Atlanta community. The investment will be made through a range of community and not-for-profit organizations.

“The success of SunTrust and Atlanta has

SunTrust Doubles Community Investment in Atlanta to $300 Million Over Next Three Years2019-06-05T10:52:11-04:00

Ellie Mae, Millennials Handle Home-ownership by Taking Advantage of Refinance Opportunities

2019-06-05T10:30:29-04:00

Average interest rates on all 30-year notes to Millennial borrowers declined in April 2019, spurring an increase in refinance loans from members of the generation looking to take advantage of lower rates. According to the latest Ellie Mae Millennial Tracker,

Ellie Mae, Millennials Handle Home-ownership by Taking Advantage of Refinance Opportunities2019-06-05T10:30:29-04:00

NewDay USA Awards 4 New Scholarships to Children of Georgia National Guard Soldiers

2019-06-05T10:48:49-04:00

Veteran-focused mortgage lender has awarded over $21,000 in annual scholarships for four students to attend Georgia Military College Preparatory School

 NewDay USA, a nationwide VA mortgage lender, announced the four newest recipients of its

NewDay USA Awards 4 New Scholarships to Children of Georgia National Guard Soldiers2019-06-05T10:48:49-04:00