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In response to pressure from the Mortgage Bankers Association (MBA) and the mortgage industry at large, the Consumer Financial Protection Bureau will be providing additional clarification for its TILA-RESPA Integrated Disclosures (TRID) rule – also known as the “Know Before [Read More]

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Although “labor market conditions have improved,” real household income “has risen at a solid rate,” and “the housing sector has improved” since its previous meeting, the Federal Open Market Committee (FOMC) voted in March to “maintain the target range for [Read More]

Brian Benson has reportedly stepped down from his role as CEO of ClosingCorp, a provider of residential real estate closing cost data and technology for the mortgage and real estate services industries. As per a company statement, ClosingCorp has seen [Read More]

The nation’s housing markets continued to improve in March, with one more state, Michigan, returning to its historical benchmark level of housing activity, according to Freddie Mac’s Multi-Indicator Market Index (MiMi). The index, which was introduced last year, measures the [Read More]

Fannie Mae plans to start securitizing reperforming loans held on the company’s balance sheet in the second half of this year. The government-sponsored enterprise says it may eventually decide to sell these mortgage-backed securities to investors, as it continues to [Read More]

According to Pro Teck Valuation Services’ Home Value Forecast, which provides insight into the current and future state of the U.S. housing market, job creation in San Francisco continues to increase while housing supply remains limited, causing a significant economic [Read More]

After increasing 1.3% the previous week and 10% the week before that, mortgage application volume decreased 4.1% on an adjusted basis during the week ended April 22, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. Applications for [Read More]

After increasing 3.5% in February, pending home sales increased a weaker 1.4% in March to reach a score of 110.5 on the National Association of Realtors’ (NAR) Pending Home Sales Index. Not only is that the second consecutive month that [Read More]

Black Knight Financial Services Inc., a provider of integrated technology, data and analytics to the mortgage and real estate industries, says PNC Bank, a member of The PNC Financial Services Group Inc., will utilize the following solutions from Black Knight: [Read More]

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From The Orb

PERSON OF THE WEEK: Larry Alston is senior vice president and general manager for Mortgage Builder Inc., an Altisource business unit that combines best practices, a broad partner network and an end-to-end loan origination platform to help lenders close more [Read More]

PERSON OF THE WEEK: Katharine Loveland is executive vice president (EVP) for software delivery and professional services at Accenture Mortgage Cadence, a provider of technology and data solutions to the mortgage industry. Loveland and her team are responsible for overseeing [Read More]

CLOSING TIME: By most accounts, 2016 should be a solid year for mortgage lending. The Mortgage Bankers Association is predicting the best year for purchase loans since the Great Recession, with volume projected at nearly $1 trillion. And yet, I [Read More]

PERSON OF THE WEEK: Jeff Birdsell is vice president of professional services for ReverseVision Inc., a provider of reverse mortgage technology. MortgageOrb recently interviewed Birdsell to get his views on how the reverse mortgage segment has transformed over the past [Read More]

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