Federal Home Loan Bank Hires New President and CEO
FHLBank San Francisco has named Teresa Bryce Bazemore as the bank’s president and CEO, effective March 15. She brings more than 25 years of...
Mortgage Applications Dropped as Rates Jumped
Mortgage application volume nosedived 11.4% during the week ended Feb. 19, due mainly to higher rates, according to the Mortgage Bankers Association’s (MBA) Weekly...
Spring EQ Hires Saket Nigam as SVP, Capital Markets
Saket Nigam has joined Spring EQ, a nationwide first and second mortgage lender, as senior vice president, capital markets.
Nigam has more than a decade...
Existing-Home Sales Up Nearly 24 Percent in January Compared With a Year Earlier
Existing-home sales in January were at a seasonally adjusted annual rate of 6.69 million: an increase of 0.6% compared with December and up 23.7%...
Radian: ‘Home Prices Continue To Be a Shining Star’
Home prices nationally rose at an annualized rate of 7.5 percent from the end of December 2020 to the end of January 2021, according...
Lenders Gain Intel with OptifiNow/MMI Integration
OptifiNow says it has completed an integration with Mobility Market Intelligence (MMI) that allows its users to access MMI’s database of real estate agent and...
SLK Global Solutions Taps Shane Jones as VP for Tax Outsourcing Operations
Shane Jones has joined SLK Global Solutions, a provider of digital platforms and business process management solutions to the banking, mortgage and financial services...
Applications for New Home Purchases Jumped 17 Percent in January
Applications for mortgages for new home purchases increased 17% in January compared with December and were up 18.9% compared with January 2020, according to...
Mortgage Rates Move Up But Are Forecast to Remain Low in 2021
Mortgage rates edged up this week, with the average rate for a 30-year, fixed rate mortgage rising to 2.81%, up from an average of...
Housing Starts Dipped in January as Builders Face Supply-Side Headwinds
Housing starts were at a seasonally adjusted annual rate of 1.58 million in January - a decrease of 6.0% compared with December and down...
HUD Extends Forbearance For FHA Borrowers Impacted by COVID-19
The U.S. Department of Housing and Urban Development (HUD) has extended its relief to homeowners and renters who are experiencing economic impacts related to...
Western Alliance Acquiring AmeriHome Mortgage
Western Alliance Bancorporation has inked an agreement to acquire Aris Mortgage Holding Co. LLC, the parent company of AmeriHome Mortgage Co. LLC, for an...
Michele Moore-Grady: Continuous Improvement in a Constantly Changing Environment
PERSON OF THE WEEK: What does “agility” mean for mortgage lenders and servicers today, more than a year out since the COVID-19 crisis began...
Homespire Mortgage Promotes Listy Limon to Vice President of National Production
Listy Limon has been promoted to vice president of national production at Homespire Mortgage.
Limon was previously regional manager for the Southwest Region.
Limon joined Homespire...
Promontory MortgagePath Hires Savita Ilango as Chief Financial Officer
Savita Ilango has joined Promontory MortgagePath, a provider of comprehensive digital mortgage and tech-driven fulfillment solutions, as chief financial officer.
A financial industry veteran, Ilango...
First Community Mortgage Hires Retail Transition Account Manager
First Community Mortgage (FCM), a Fannie Mae, Freddie Mac and Ginnie Mae seller/servicer with wholesale, correspondent and retail divisions, has named Brendan Cundiff retail transition...
Mortgage Rates Hold at Record Lows as U.S. Economy Bifurcates Along Sectors
Mortgage rates were basically flat this week, as the average rate for a 30-year fixed-rate mortgage remained pinned at 2.73%, according to Freddie Mac’s...
Mortgage Applications Fell 4.1 Percent as Rates Edged Up
Mortgage application volume decreased 4.1% during the week ended February 5, as the average rate for a 30-year fixed rate mortgage increased to 2.96%,...
How to Gain Efficiencies in Title Production in These Challenging Times
BLOG VIEW: For years now, residential mortgage borrowers have been assured on the title front, as it has been managed superlatively by expert title...
Enhance Retention, Minimize Fallout with Differentiated Loan-Level Competitive Intelligence
BLOG VIEW: With the increasing competitiveness from both established players in mortgage lending as well as newcomers threatening to disrupt the industry, lenders are...