Mortgage delinquency decline reflects ‘continued resiliency’ of borrowers

Delinquencies improved in January, highlighting the resiliency of U.S. mortgage holders.The national delinquency rate fell to 3.38% in January, down from 3.57% in December, according to the Intercontinental Exchange (ICE) First Look Mortgage Performance report. The rate remained flat on a year-over-
Read MoreCrossCountry Mortgage unveils cash-offer loan product

As demand for homes continues to outpace new listings, CrossCountry Mortgage (CCM) is introducing a new cash-offer product, the company announced Thursday.The Cleveland-based retail mortgage lender unveiled CCM CashPlus to help buyers gain an edge in the bidding process by turning preapprovals into
Read MoreReverse mortgage professional’s action helps lead to suspected fraudster’s arrest

A suspected fraudster nearly brought financial ruin to an elderly resident of London, Ontario in Canada, but an area reverse mortgage professional’s quick thinking is credited with leading to the suspect’s arrest, according to a news release from the London Police Service.Stemming from suspected fra
Read More‘Worst possible outcome’: Industry experts weigh in on DOJ’s desire to decouple commissions

When the Department of Justice (DOJ) revealed last week the changes it would like to see in how real estate agents and brokers are compensated through its statement of interest filed in the MLS Property Information Network commission lawsuit, few in the real estate industry were surprised by the age
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