With Volume Up, LOs Saw Increased Commissions in Q1, Despite Decrease in BPS Paid...
Increases in year-over-year refinance and purchase loan volume contributed to higher overall commissions for loan originators (LOs) and loan processors in the first quarter,...
Mortgage Market Saw ‘Mixed Bag of Action’ Last Week
Mortgage application volume dipped 0.9% on an adjusted basis during the week ended April 30, as the average rate for a 30-year, fixed-rate mortgage...
Credit Plus Integration With Cirrus Helps Lenders Close Loans Faster, Builds Borrower Trust
Credit Plus, a provider of mortgage verifications and business credit reports, is now integrated with Cirrus, a provider of cloud-based document management software.
The integration...
Mortgage Rates Hold Steady With 30-Year at Just Under 3 Percent
The average rate for a 30-year fixed rate mortgage held steady this week at 2.98%, up slightly from 2.97% last week, according to Freddie...
Plaza Home Mortgage Hires Erik Knight as SVP, Risk Management and Compliance
Erik Knight has joined Plaza Home Mortgage, a wholesale and correspondent mortgage lender, as senior vice president, risk management and compliance.
Knight has more than...
Mortgage Applications Decreased Despite Dip in Rates
Mortgage application volume fell 2.5% on an adjusted basis during the week ended April 23, despite a slight drop in mortgage interest rates, according...
A Different Kind of Spring Homebuying Season
BLOG VIEW: Spring is typically peak season for homebuyers, but last spring was like no other. COVID-19 presented significant challenges for the home buying...
Flagstar and NYCB to Merge in All-Stock Deal
New York Community Bancorp and Flagstar Bancorp, Inc. have entered into a definitive merger agreement under which the two companies will combine in an...
Existing-Home Sales Dipped in March as Inventory Issues Persist
Existing-home sales were at a seasonally-adjusted annual rate of 6.01 million in March, down 3.7% compared with February but up 12.3% compared with March...
Chris Flynn: Why Data-as-a-Service Will See Strong Adoption in the Mortgage Industry
PERSON OF THE WEEK: Now that a majority of mortgage transactions are all-digital - or at least mostly digital - due to the pandemic,...
Top of Mind Taps Mortgage Industry Veteran Rick Webster as VP of Client Strategy
Rick Webster has joined Top of Mind Networks, which offers customer relationship management (CRM) and marketing automation software to the mortgage lending industry, as...
Nomis Solutions Promotes Joe Zeibert to VP, Head of Mortgage Product and Strategy
Fintech expert Joe Zeibert has been promoted to vice president, head of mortgage product and strategy at Nomis Solutions, a global pricing and profitability...
New Home Sales Jumped More Than 20 Percent in March
New home sales continued to rise in March, jumping 20.7% compared with February and 66.8% compared with March 2020, according to the U.S. Census...
Opportunity Returns: Average Rate for 30-Year Mortgage Falls Below 3 Percent
Mortgage rates dropped for a third consecutive week, with the average rate for a 30-year, fixed-rate mortgage falling to 2.97%, down from 3.04% last...
Rob Pajon: Mortgage Servicers Must Focus on Efficiency as Delinquencies Rise
PERSON OF THE WEEK: A lot has happened in the mortgage industry during the past 15 years - but perhaps nothing has been harder...
Ocwen Folding Texas Capital Bank Correspondent Business Into PHH Mortgage
Non-bank mortgage servicer and originator Ocwen Financial Corp. is acquiring the correspondent lending business of Texas Capital Bank - a unit that originated $2.4...
Mr. Cooper Working with Google to Digitize Core Mortgage Process
Mr. Cooper Group Inc. and Google Cloud have partnered to create a customer-centric digital mortgage servicing platform powered by advanced automation technologies such as artificial...
Mortgage Refinance Activity Back on the Rise Last Week as Rates Dropped
Mortgage application volume jumped 8.6% on a seasonally adjusted basis last week on lower rates and surging spring home sales, the Mortgage Bankers Association's...
Planet Home Lending Appoints Bosley President, Mortgage Lending
National lender and servicer Planet Home Lending has named John Bosley president, mortgage lending, tasked with leading the company's origination, fulfillment, correspondent and capital markets...
Fifth Third Names Jay Plum EVP and Head of Mortgage
Fifth Third Bank has hired Jay Plum in the role of executive vice president and head of mortgage, tasked with helping lead the bank’s...