Title insurers produced approximately 15% more premiums year-over-year in the first quarter, benefitting from the over 40% increase in loan production. Processing Content But a fair share of the volume growth came from refinancings as mortgage rates sank and actually fell below 6% for a brief period at the end of February. Title policies for […]

Confidence among US homebuilders slipped in June, dragged down by rising mortgage rates and materials costs, as well as a sharp drop in sentiment across the South.  Processing Content An index of overall market conditions from the National Association of Home Builders and Wells Fargo fell 2 points to 35 this month, according to data

Freddie Mac has published a new amendment servicers can opt to add to modification agreements when the mortgages involved have temporary interest-rate buydowns. Processing Content The recently authorized change adds a required borrower acknowledgment to modification agreements when servicers use temporary interest rate buydown funds. The acknowledgment explains that those funds may be used to