U.S. Housing Market Improved in August
August was a good month for the U.S. housing market: new and existing-home sales increased, housing starts jumped, the unemployment rate dropped...
Quicken Loans Mortgage Services Promotes Paul Yatooma to VP of Sales
Paul Yatooma has been promoted to the newly created position of vice president of sales at Quicken Loans Mortgage Services (QLMS).
Rising Home Prices Have Significantly Impacted Affordability For African Americans
Fewer than one in 10 homes for sale last year were affordable to African American households in San Francisco, Los Angeles, Seattle,...
Mortgage Software Firm Black Knight Awarded Two Patents
Black Knight has been awarded two patents for technology developments related to its Data Hub and asynchronous sensors.The...
SLK Global Hires Anthony Galiano as VP of Mortgage Sales
Mortgage industry veteran Anthony Galiano has joined BPO and technology firm SLK Global as vice president of mortgage sales and business development.
CFPB Launches Task Force to ‘Harmonize’ and ‘Modernize’ Consumer Financial Laws
The Consumer Financial Protection Bureau (CFPB) is establishing a task force that will look for ways to improve and strengthen consumer financial...
Maren Kasper Resigns from Post at Ginnie Mae
Maren Kasper is stepping down from her post as executive vice president and chief operations officer for Ginnie Mae effective Oct. 18.
Lender Price Introduces Loan Pricing Tool for Non-QM Loans
Mortgage software provider Lender Price has released FLEX Pricer, a new pricing platform designed for non-QM lenders. The new...
Tedd Smith: How Going All-Digital Can Help Lenders Boost HELOC Volume
PERSON OF THE WEEK: Home equity loans are becoming an increasingly profitable source of business for mortgage lenders. By the end of...
Fannie Mae Announces Winners of Most Recent NPL Auction
Igloo Series IV Trust (Balbec Capital, LP), LSRMF Mortgage Holdings II (Lone Star) and MTGLQ Investors LP (Goldman Sachs) are the winning...
Average Rate For 30-Year Mortgage Fell Eight Basis Points
Mortgage rates fell yet again this week, as the average rate for a 30-year fixed rate mortgage decreased to 3.57%, down eight...
Fannie Mae Auctioning Portfolio of Reperforming Loans with UPB of $3.1B
Fannie Mae is auctioning a portfolio of approximately 20,900 reperforming loans with unpaid principal balance (UPB) of approximately $3.1 billion.
Clear Capital’s ClearAVM Now Integrated with LenderClose
In a move that will help mortgage lenders close loans faster, LenderClose, a provider of mortgage origination software, has integrated Clear Capital’s...
Freddie Mac Auctioning $400 Million in NPLs
Freddie Mac is auctioning approximately $400 million in non-performing loans (NPLs).The loans, which are currently serviced by Specialized...
Promontory Fulfillment Services Endorsed by Community Bank Services
Community Bank Services (CBS), a wholly-owned subsidiary of the North Carolina Bankers Association (NCBA), has officially endorsed Promontory Fulfillment Services’ (PFS) mortgage...
Cloudvirga, Envoy Mortgage Team to Improve the Originator and Borrower Experiences
Envoy Mortgage, an independently owned national mortgage lender serving retail originators, is partnering with Cloudvirga, a provider of digital mortgage software, to...
Veros Hires Brian Fluhr as VP of Marketing
Brian Fluhr has joined Veros Real Estate Solutions as vice president of marketing.Fluhr has deep expertise in data...
Applications For Refinances Jumped as Purchase Activity Remained Muted
Mortgage application volume increased 5.2% on an adjusted basis during the week ended Oct. 4, as the average rate for a 30-year,...
Mortgage Credit Increased in September, Driven by Jumbo Loans
Mortgage credit availability increased 0.9% in September to reach a score of 183.4 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability...
Brian Montgomery Nominated to Serve as HUD Deputy Secretary
The Trump Administration has announced its intention to nominate Federal Housing Agency (FHA) Commissioner Brian Montgomery to serve as deputy secretary of...
