After nine years, the market is moving to the other side of the cycle. The foreclosure crisis is winding down, and with it, fewer homeowners will be forced into renting.
Mortgage lender First Guaranty Mortgage Corp. (FGMC) reports that Mark Mayhook has been promoted to senior director of TPO (third-party originated) production. Mayhook has been with FGMC since 2011. Prior to his appointment, he was responsible for the firm’s capital [Read More]
Ken P. Wilson, past president and former chair of the policymaking board of directors of the Appraisal Institute (AI), has joined real estate appraisal services firm Joseph J. Blake & Associates Inc. as managing director of client relations and business [Read More]
Don Griffin has joined Waterstone Mortgage as a senior loan officer (LO) in the firm’s Madison, Wisc., Branch. Griffin has more than 20 years of industry experience. He has the skills and knowledge to help a wide range of clients [Read More]
Continuing with the expansion of its national platform, Kensington Vanguard National Land Services, one of the largest independent full-service title insurance and settlement agencies in the U.S., has acquired a controlling interest in New Jersey-based title insurance provider Property Title [Read More]
In yet another sign that the U.S. housing market is now almost fully healed from the effects of the Great Recession, foreclosure starts were down 12% in 2015 compared with 2014, and completed foreclosures were down 17% for the year, [Read More]
The Super Bowl is over, but mortgage quality control (QC) experts can still compete in the mortgage “QC Bowl.” Becky Walzak, president and owner of mortgage consultancy rjbWalzak Consulting and executive vice president for mortgage compliance and risk management solutions [Read More]
There were about 32,000 completed foreclosures nationwide in December – a decrease of 5.6% compared with 34,000 in November and a decrease of 23.8% compared with 41,000 in December 2014, according to CoreLogic. It was a decrease of 72.8% from [Read More]
ValuAmerica, a national title agency, appraisal management company (AMC) and technology provider, is now integrated with the Federal Housing Administration’s (FHA) Electronic Appraisal Delivery (EAD) portal, which allows FHA-approved lenders and their designated third-party service providers to electronically transmit appraisal [Read More]
PERSON OF THE WEEK: Chris Backe is director of financial services for Velocify, a provider of customer relationship management, lead generation and sales automation solutions to the mortgage industry. MortgageOrb recently interviewed Backe to learn more about how mortgage lenders [Read More]
PERSON OF THE WEEK: Lionel Urban is CEO, founding partner and chairman of the board for PCLender, a provider of loan origination technology to the mortgage industry. During his nearly 30 years in the mortgage banking industry, Urban has acquired [Read More]
Millions of people are leaving college and technical or trade schools with a lot of debt – and that debt is interfering with family formations and homeownership levels.