Ncontracts Acquires Mortgage Compliance Software Firm QuestSoft
QuestSoft Corp., which makes mortgage compliance software, has been acquired by Ncontracts, which provides integrated risk management and compliance software to banks, credit unions,...
Mortgage Rates Start 2021 by Hitting a New Record Low
Mortgage rates hit new record lows as 2021 commenced, with the average rate for a 30-year, fixed-rate mortgage dropping to 2.65%, down from 2.67%...
Jemma Pachiano Promoted to COO at Mid America Mortgage
Jemma Pachiano has been promoted to chief operating officer at Mid America Mortgage Inc., a multi-state, full-service mortgage lender serving consumers and mortgage originators through...
Total Expert Extends Platform to Wholesale Mortgage
Total Expert, which offers an enterprise-grade marketing and customer engagement platform purpose-built for financial services, recently launched Total Expert for Wholesale, a solution geared...
Chetan Patel: Navigating the Coming Loss Mitigation Wave
PERSON OF THE WEEK: As the first rounds of forbearance periods come to an end, servicers will be met with rising numbers of borrowers...
November Home Prices Saw Largest Annual Increase Since March 2014
U.S. home prices increased 1.1% in November compared with October and were up 8.2% compared with November 2019, according to CoreLogic’s home price index...
Guaranteed Rate to Buy Stearns Holdings
Retail mortgage lender Guaranteed Rate is acquiring Texas-based Stearns Holdings LLC, a national top-25 lender with more than $20 billion in origination volume in 2020.Stearns was founded...
FHFA Seeks Feedback on How to Modernize the GSEs’ Appraisal-Related Policies
The Federal Housing Finance Agency (FHFA) is seeking feedback on how best to modernize Fannie Mae and Freddie Mac’s appraisal-related policies.
The pandemic and social...
Pending Home Sales Dipped in November But Remain Up Year-Over-Year
Pending home sales fell 2.6% in November compared with October to a score of 125.7 on the National Association of Realtors’ (NAR) Pending Home...
Mortgage Applications Increase as 2020 Draws to a Close
Mortgage application volume increased 0.8% on an adjusted basis during the week ended Dec. 18, as mortgage rates remained flat at historic lows, according...
Home Prices Up 1.7 Percent in October as Pandemic Continued to Fuel Demand
U.S. home prices increased 1.7% on an adjusted basis in October compared with September, as demand increased and supply of available homes continued to...
For Mortgage Servicers, COVID-19 Crisis Has Made Investor Reporting Even More Complex
BLOG VIEW: 2020 was a year of profound changes for everyone, mortgage professionals included. Many borrowers and mortgage servicers have felt the impact of...
Cherry Creek Mortgage Announces New Ownership Structure
Cherry Creek Mortgage has undergone a reorganization of its corporate structure to better support its continued growth.
The company is now owned by Cherry Creek...
Rick Holcomb: How the Pandemic Has Affected Client Engagement
PERSON OF THE WEEK: The COVID-19 crisis has brought about significant change in the way that mortgage servicers operate - not just in terms...
New Home Sales Dropped in November Due Mainly to Lack of Supply
New home sales were at an adjusted annual rate of of 841,000 in November, down 11.0% compared with October but up 20.8% compared with...
Mortgage Rates Continue to Hover at Record Lows
Mortgage rates continued to hover at record lows this week, with the average rate for a 30-year fixed-rate mortgage (FRM) at 2.66%, down slightly...
Mortgage Applications Up Slightly as Rates Hold at Record Lows
Mortgage application volume increased 0.8% on an adjusted basis during the week ended December 18, as mortgage rates held steady, according to the Mortgage...
Existing-Home Sales Dipped 2.5% in November
After increasing for five straight months, existing-home sales fell in November, dropping 2.5% compared with October to a seasonally adjusted annual rate of 6.69...
Mortgage Bankers Association Taps Charmaine Brown as New Director of D&I
Mortgage industry veteran Charmaine Brown is the new director of diversity and inclusion for the Mortgage Bankers Association (MBA).
Brown has an extensive background in...
Evolve Mortgage Services Buys Appraisal Technology Platform
Evolve Mortgage Services, a provider of outsourced mortgage solutions, has acquired the appraisal platform assets of Veptas Technology Solutions Inc., for an undisclosed sum.
The...