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New Home Purchase Apps Decline. Blame the School Year?

by devteam June 11th, 2015

Applications for the purchase of newly constructed homes fell in May, a decline which the Mortgage Bankers Association (MBA) attributed at least in part to seasonal factors. Data from MBA's Builder Application Survey shows a decrease of 9 percent in applications

Third California Lender Fined for LOC Violations

by devteam June 11th, 2015

For the third time this month a mortgage company, this one in the process of dissolution , has been charged with violating the Loan Originator Compensation (LOC) Rule. The Consumer Financial Protection Bureau (CFPB) said it has ordered Guarantee Mortgage

Mortgage Apps Enjoy Post Holiday Bounce

by devteam June 10th, 2015

Americans got back to work during the week ended June 5 and mortgage applications rebounded significantly . Volume made up the ground lost during the previous holiday shortened week but only recovered a small part of the declines suffered in the five

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