Home Sales Defy Expectations, Crushing Another 14 Year Record

The hot home sales market continued unabated in October. The National Association of RealtorsĀ® (NAR) reports that existing home sales grew for the fifth consecutive month and 72 percent of homes that sold were on the market for less than a month.Single-family houses, townhouses, condos, and cooperative apartments sold in October at a seasonally adj...
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Average Loan Taking Almost 2 Months to Close, But With Record Low Rates

 Ellie Mae said the interest rate across all closed loans dropped below 3 percent for the first time in the nine years the company has been tracking the data. Ellie Mae is now a part of ICE Mortgage Technology, a division of Intercontinental Exchange, Inc., a NYSE listed firm.The company's Origination Insight Report shows that the 30-year note...
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Product Mgt., MLO, Ops Jobs Across the Country; VA IRRRL, Training Events; Mortgage Servicing News

Many years ago I was hanging out with George Clooney and made the mistake of telling him, "Look, you'll never amount to much as an actor. You'd be much better off sending out a free daily commentary." He thought differently and it led to a rift between us, and we haven't spoken since. Looking back, it was probably a mistake on my part, especially w...
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35 Hits