Mortgage Subservicer Dovenmuehle Taps Patricia McCarthy as VP of Insurance Administration
Patricia McCarthy has joined Dovenmuehle Mortgage, a mortgage subservicing company, as vice president of insurance administration.
An industry veteran, McCarthy has worked with every aspect...
Capitalizing on Home Equity Trends Amid an Economic Downturn
BLOG VIEW: As the mortgage market contracts in the face of inflation and high interest rates, lenders are increasingly competing for a smaller number...
Freddie Mac Multifamily AIMI Rises in First Quarter
In the first quarter, the Freddie Mac Multifamily Apartment Investment Market Index (AIMI) rose by 5.3%, but it decreased year over year, with the...
Nordicus Partners Agrees to Sizable Stake in Mag Mile Capital
Nordicus Partners Corp., a financial consulting concern that specializes in helping Nordic companies establish themselves in the United States market, has entered a stock...
OrangeGrid, BankruptcyWatch Integration Eases Workflow
OrangeGrid, a provider of mortgage servicing software, has fully integrated with BankruptcyWatch’s bankruptcy automation tools. This will allow an automated, single-source solution for managing...
VyStar Partners to Aid Mortgage Professionals, Homebuyers
VyStar Credit Union and TransUnion are collaborating to promote more financial inclusion in the mortgage sector. Through its latest product, Dream2Own, VyStar will leverage...
Housing Starts Boomed in May as Homebuyer Demand and Builder Sentiment Continued to Rise
Housing starts in May were at a seasonally adjusted annual rate of 1.631 million, an increase of 21.7% compared with April and an increase...
Figure Unveils New HELOC Wholesale Model
Figure Technologies Inc., a blockchain-powered financial services company, has launched a new wholesale lending platform that allows originators to easily access Figure's home equity...
Ginnie Mae Issuers Can Use RON for POA Mortgage Documents
Ginnie Mae is extending the use of electronic signatures in conjunction with Remote Online Notarization (RON) to include power of attorney (POA) mortgage documents.
All...
First Federal Buys BNC National Bank Mortgage Division
First Federal Bank, a provider of consumer and commercial banking solutions, services and loans, has acquired the assets and employees of BNC National Bank's...
Guild Mortgage Names Lamont Watson Vice President of Diverse Talent Development
Lamont Watson is the new vice president of diverse talent development at Guild Mortgage.
Lamont has 19 years of mortgage industry experience. Since 2004, he...
Veros AVM Unaffected by Historical Redlining Says Study
Veros Real Estate Solutions, a California-based company specializing in enterprise risk management and collateral valuation services, recently conducted research to examine the potential for...
Redfin: Homes on the Market 40% Less than Before Pandemic
According to a new report from Redfin, the total number of U.S. homes for sale dropped 6% from a year earlier during the four...
Mortgage Rates Fell For a Second Week as Fed Indicates a Pause
Mortgage rates dipped for a second week, as the average rate for a 30-year fixed-rate mortgage was 6.69%, down from 6.71% last week, according...
Latest MBA Weekly Survey: Mortgage Applications Up
According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 9, 2023, mortgage applications increased 7.2%...
Rate of Critical Defects in Mortgage Loans Fell in Q4 – Along With Volume
The rate of defects in mortgage loans post-closing fell in the fourth quarter of 2022 as mortgage origination volume slowed to a trickle, according...
FHA Translates Documents to Transcend Language Barriers
The Federal Housing Administration (FHA) has translated and is making available more than 30 single-family mortgage documents and related resources used in the origination...
Vesta Adds The Work Number from Equifax to LOS Tools
Vesta, a provider of loan origination system (LOS) software, has joined forces with The Work Number from Equifax. Lenders using Vesta's LOS can now...
Change Closes Seventh Securitization, Earns First AAA Rating
Change Lending LLC, a subsidiary of The Change Company CDFI LLC, has closed its seventh securitization of its proprietary Community Mortgages, the first such...
Mortgage Credit Availability Dropped 3.1 Percent in April as Lenders Trimmed Offerings
Mortgage credit availability decreased 3.1% in May compared with April as lenders pulled back on offerings, according to the Mortgage Bankers Association’s (MBA) Mortgage...