Wednesday, August 15, 2018
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Mortgage Applications Fell For Fourth Straight Week

Mortgage application volume fell 2.0% on an adjusted basis during the week ended August 10, as mortgage rates dipped slightly, according to the Mortgage...

Angel Oak Opens New Retail Locations, Reports Record Growth

Angel Oak Home Loans, the retail arm of the Angel Oak Companies, which deal in non-qualified mortgage (non-QM) products, as well as traditional mortgages,...

Sierra Pacific Mortgage Hires Mike Cass as Regional Manager for Midwest

Mike Cass recently joined Sierra Pacific Mortgage Co., Inc., as a regional manager for the northern, midwestern states. Cass has been in the mortgage industry since 1987 and has held varying roles throughout the Midwest. Most...

California Wildfires Are Likely to Boost Mortgage Delinquencies

The California wildfires are expected to boost mortgage delinquencies in the months to come - this despite the fact that government-sponsored enterprises (GSEs) Fannie...

Citigroup Fined $8.6 Million For Improperly Handling Mortgage Documents

Citigroup has been fined $8.6 million by the Federal Reserve Board for improper execution of residential mortgage-related documents. The $8.6 million penalty addresses the deficient...

Grant McFarland: Mortgage Recruits Must Demonstrate ‘Genuine’ Connection with Borrowers

PERSON OF THE WEEK: Churchill Mortgage has seen impressive growth during the past few years, as evidenced by the many announcements the company has...

Planet Home Lending Boosts Correspondent Business 300% With LoanLogics

LoanLogics, offering loan quality technology for mortgage manufacturing and loan acquisition, reports that its software helped increase Planet Home Lending's correspondent division productivity by 300%. Planet Home Lending...

Street Solutions Now Integrated with Promontory MortgagePath

Users of Street Solutions Inc.’s Loan Management System (LMS) should be interested to know that the system is now integrated with Promontory Fulfillment Services’...

Mark Sweeney Joins IndiSoft as CTO

Mark Sweeney recently joined IndiSoft, a global provider of technology solutions for the financial services industry, as chief technology officer. Sweeney has more than 30...

Planet Home Lending Hires Kimberley Veeder-Caffrey as Regional Sales Manager

Kimberley Veeder-Caffrey has joined Planet Home Lending as regional sales manager for the Northwest. Veeder-Caffrey has more than two decades of real estate and mortgage...

Applications For New Home Sales Eked Out an Increase

After decreasing the previous two months, applications for mortgages for new home purchases increased 0.2% in July compared to June and were up 3.6%...

MortgageHippo’s POS Fitted with LendingQB’s LOS

MortgageHippo’s point-of-sale (POS) solution is now integrated LendingQB’s loan origination system (LOS). The combined solution enables lenders to deliver a seamless digital mortgage process to...

Freddie Mac: Mortgage Rates Edged Back Down Slightly

Mortgage rates edged down slightly during the week ended August 9, with the average rate for a 30-year fixed-rate mortgage at 4.59%, down from...

Old National Bank Signs Up For Black Knight’s Mortgage Servicing Platform

Old National Bank, a regional bank with more than 150 retail branches and headquartered in Evansville, Ind., recently migrated its mortgage portfolio to Black...

Cloudvirga Now Integrated with Radian

Cloudvirga is now integrated with Radian, thus enabling mortgage lenders using Cloudvirga’s point-of-sale solution to get instant and accurate mortgage insurance (MI) rate quotes...

Zillow to Acquire Mortgage Lenders of America

Zillow is getting into the mortgage business. On Monday, the online real estate giant announced that it is acquiring Mortgage Lenders of America, a national...

Soaring Prices, Lack of Supply, Hampered Existing-Home Sales in Q2

Rising home prices and lack of supply continued to push existing-home sales downward during the second quarter, according to the National Association of Realtors...

Applications for Refinances Fell to Lowest Level Since December 2000

Total mortgage application volume fell 3.0% on an adjusted basis during the week ended Aug. 3, with most of the decrease resulting from falling refinance...

Mortgage Technology Provider Roostify Taps Eric Amblard as New CFO

Eric Amblard recently joined Roostify, a digital lending platform provider, as chief financial officer. Amblard has more than a decade of broad operating experience scaling...

Stearns Lending Using ClosingCorp SmartFees

Stearns Lending, one of the nation’s top 10 mortgage lenders, has selected ClosingCorp’s SmartFees as its rate and fee data solution. SmartFees provides more than...