Housing Starts Continue to Disappoint
Housing starts continued to disappoint in March, reaching an annual rate of 1.139 million units, a decrease of 0.3% compared with February...
Fannie Mae: Purchase Volume Will Rise Moderately in 2019
Purchase mortgage origination volume is projected to rise moderately in 2019 compared with 2018, amid flat home sales and slower home price...
Fannie Mae, Freddie Mac Give RoundPoint Mortgage Servicing Green Light to Service E-Notes
RoundPoint Mortgage Servicing Corp. reports that it has been approved by Fannie Mae and Freddie Mac to service and purchase electronic promissory...
Mortgage Rates Increased For a Third Consecutive Week
Mortgage rates edged upward for a third straight week, as the average rate for a 30-year fixed-rate mortgage reached 4.17%, up from...
LoanLogics Appoints Bill Neville as CEO
Bill Neville has been appointed CEO of LoanLogics, a provider of loan quality technology for mortgage manufacturing and loan acquisition.
Refinance Share Regained Some Ground in March
Due to a significant drop in mortgage rates, the refinance share of mortgage origination volume increased to 35% in March, up from...
Thoma Bravo Closes its Acquisition of Ellie Mae
Private equity investment firm Thoma Bravo has completed its acquisition of mortgage origination software firm Ellie Mae for approximately $3.7 billion.
Mortgage Bankers Saw Origination Volume, Profits Drop in 2018
Ask any mortgage banker how well they did in terms of origination volume in 2018 and they will likely say it was...
Visionet Systems Hires Martin Foster as SVP of Consumer Lending
Martin Foster recently joined Visionet Systems Inc., a global technology and services provider to several industries including the U.S. mortgage industry, as...
Rising Rates Cause Mortgage Applications to Fall For a Second Straight Week
Mortgage application volume fell for a second straight week during the week ended April 12, but the decrease was due mainly to...
Calyx Now Integrated with Land Gorilla
Calyx, a provider of mortgage loan origination software, recently announced that its Path loan origination system is now integrated with Land Gorilla’s...
Fannie Mae Auctioning $3.3 Billion Pool of RPLs
Fannie Mae recently announced its 11th sale of reperforming loans - a portfolio of approximately 21,400 loans with unpaid principal balance of...
Home Point Financial Acquires Platinum Mortgage’s Wholesale Division
Home Point Financial, a national mortgage originator and servicer, has acquired the wholesale division of Platinum Mortgage Inc., including Platinum’s sales team and...
Calabria Takes the Reins as Director of FHFA
Mark Calabria is now officially the director of the Federal Housing Finance Agency (FHFA), following a swearing-in ceremony held Monday, and will...
Jeff Leinan: Wholesale Lenders Facing Intense Competition
PERSON OF THE WEEK: The wholesale mortgage market has always been competitive, but now that refinances are down and purchase loans represent...
Churchill Mortgage Taps Tim Broadhurst as SVP of Loan Officer Development
Industry veteran Tim Broadhurst recently joined Churchill Mortgage as senior vice president of loan officer development and senior home loan specialist.
LRES Hires Scott Spencer as Chief Technology Officer
Scott Spencer recently joined LRES, offering valuations, REO asset management, and HOA solutions for the mortgage and real estate industry, as chief...
ATTOM: Foreclosure Starts Jumped in Q1 But Remain Below Pre-Crisis Levels
Foreclosure starts were up 7% in the first quarter compared with the fourth quarter but were down 3% compared with the first...
Reliant Bank Selects RoundPoint for Mortgage Subservicing
Reliant Bank, a subsidiary of Reliant Bancorp Inc., is now using RoundPoint Mortgage Servicing Corp. as a subservicing partner.
Anow Announces Integrations with Veros
Anow, a developer of appraisal management software, has integrated Veros PATHWAY, VeroSELECT and VeroSCORE QC from Veros Real Estate Solutions with its...
