Tag Archives: mortgages

Residential Mortgage Loans Now Trading Online

Twelve Financial Institutions Completed $100 Million in Trades By Jeff Sorg, OnlineEd Blog (March 15, 2016) –   Resitrader, Inc., a Calabasas, California-based provider of whole loan mortgage trade management software, announced that over $100 million of mortgage loans were traded on the company’s whole loan platform in February, the first month of live trading.  And trading in […]

Mortgage Applications Increased 21.3 %

Mortgage applications increase in latest weekly survey By Jeff Sorg, OnlineEd Blog (January 14, 2016) –  According to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey, mortgage applications increased 21.3 percent for the week ending January 8, 2016 when compared to one week earlier. The Market Composite Index, a measure of mortgage loan application volume, increased […]

Credit Unions Taking Bigger Market Share of Mortgage Originations

 The appetite for credit unions to provide mortgage loans appears to be greater than other financial institutions, according to TransUnion research By Jeff Sorg, OnlineEd Blog (TransUnion) –  The appetite for credit unions to provide mortgage loans appears to be greater than other financial institutions, according to TransUnion (NYSE: TRU) research. Credit unions’ share of all […]

Consumer Advice About Shopping for a Mortgage

Shopping for a mortgage can be overwhelming! Here’s some basic advice and a free source to help you understand the process. (Jeff Sorg, OnlineEd) – Shopping around for a mortgage takes time and energy, but it can save you thousands of dollars. The Consumer Financial Protection Bureau, also known as the CFPB, recommends that you compare […]

Residential Loan Originations Increase 17 % In Q1 From A Year Ago Despite 6 % Drop From Previous Quarter

IRVINE, Calif. – May 14, 2015 — RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, today released its Q1 2015 U.S. Residential Loan Origination Report, which shows that 1,551,865 loans were originated on single family homes and condos in the first quarter, down 6 percent from the previous quarter but up 17 percent from a […]

Up to $79 Billion in HELOCs May Be at Elevated Risk of Default

 (Jeff Sorg, OnlineEd) – According to a study by TransUnion, nearly 16 million consumers held approximately $474 billion in balances on home equity lines of credit (HELOCs) as of December 2013.  In the next few years, $50 billion to $79 billion of the $474 billion could be at elevated risk for default. “Home equity lines […]