Tuesday, June 18, 2019
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Residential Mortgage

Housing Starts Dipped in May, Permits Up Slightly

Housing starts in May came in weaker than forecast at an annual rate of 1.269 million, a decrease of 0.9% compared with...

Freddie Mac: Low Mortgage Rates, Strong Labor Market to Boost Home Sales

Low mortgage rates along with a strong labor market will help boost home sales and origination volume over the next year and...

LenderClose Grows From Four to 25 Employees in Under 15 Months

Matthew Brown, Phyllis Nelson and Jessica Wilson recently joined fast-growing mortgage technology firm LenderClose as software engineers.In addition,...

Mortgage Rates Mostly Flat

Mortgage rates held steady during the week ended June 13, with the average rate for a 30-year fixed rate mortgage holding at...

Hometown Lenders Using ReverseVision For Launch of HECM Lending Division

Hometown Lenders, a Huntsville, Alabama-based, multi-channel mortgage lender with more than 80 branches across 38 states, is using ReverseVision’s RV Exchange (RVX) loan origination...

MBA: Applications for New Home Purchases Jumped 20% in May

Applications for mortgages for new home purchases increased 20.1% in May compared with April and were up 0.1% compared with May 2018,...

First American Hires Paul Bandiera as VP of Information Technology Strategy

Paul Bandiera recently joined First American Title Insurance Co. as vice president of information technology strategy.Bandiera previously served...

Report Shows Where Closing Costs Are Highest

Where were closing costs highest in 2018?According to ClosingCorp, which collects and analyzes such data, states with the...

Falling Mortgage Rates Lead to Surge in Refinance Activity

Thanks to a huge jump in refinance volume, driven by falling rates, total mortgage application volume increased an impressive 26.8% on an...

Waterstone Mortgage Promotes Stephanie Ziebell to SVP and General Counsel

Stephanie Ziebell has been promoted to senior vice president and general counsel at national mortgage lender Waterstone Mortgage Corp.

Volly Launches New Mobile POS, Revamps its Mobile CRM Application

Volly, a provider of CRM, marketing automation, marketing store and POS solutions for banks and mortgage companies, has launched a new mobile...

Tedd Smith: Mortgage Lenders Can Be Confident in Technology ROI

PERSON OF THE WEEK: As the cost to originate loans continues to increase, mortgage lenders are struggling to turn a profit. According...

Waterstone Mortgage Hires Eric Debelack as Area Manager

Eric Debelack recently joined national mortgage lender Waterstone Mortgage Corp. as an area manager based in the firm’s Pewaukee, Wisc., branch.

Homebridge Begins Acquisition of HomeStreet’s Retail Mortgage Operations

Homebridge Financial Services reports that it has completed the first phase of its acquisition of the retail mortgage operations of HomeStreet Bank.

Average Rate For 30-Year Mortgage Falls to Lowest Level in Nearly Two Years

The average rate for a 30-year fixed rate mortgage fell to 3.82% this week, down from an average of 3.99% last week...

MBA: Despite Shrinking Volume, Mortgage Bankers Back in Black in Q1

After seeing profits fall into the red in the fourth quarter, mortgage bankers saw profits inch back into the black in the...

Stewart Title Hires Kristi Marino as VP of Lender Solutions

Kristi Marino recently joined Stewart Title, a provider of residential and commercial title insurance and closing and settlement services, among other offerings,...

Jonathan Willen: Automation Now a Critical Aspect of Property Tax Services

PERSON OF THE WEEK: Property tax services remains an important outsourced function for the mortgage industry and, like all the other parts...

Mortgage Applications Increased Slightly as Rates Continued to Fall

After falling 3.3% the previous week, mortgage application volume increased 1.5% on an adjusted basis during the week ended May 31, according...

Mortgage Startup Board Gives Home Buyers an All-Cash Option

Mortgage startup BoardRE Inc. (Board) seeks to disrupt the lending market by enabling home buyers to pay cash for their home, thus...

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