Existing-Home Sales Fell in June Despite Low Mortgage Rates
Despite low mortgage rates and a strong job market, existing-home sales fell to a seasonally adjusted annual rate of 5.27 million in June, down...
Equifax to Pay $700 Million in Connection with 2017 Data Breach
Consumer credit reporting agency Equifax will pay $700 million in monetary relief and penalties to settle allegations that it engaged in unfair and deceptive...
ReverseVision Hires Sunny Mahdii as Vice President of Operations
Sunny Mahdii has joined ReverseVision, a provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, as vice president of operations.
Previously,...
New Capital Partners Invests in ARMCO
Private equity firm New Capital Partners has invested in ACES Risk Management Corp. (ARMCO), a provider of risk management solutions geared for the mortgage...
Insellerate Adds AI Expert Neil Sahota to its Board of Advisors
IBM master inventor, United Nations artificial intelligence (AI) subject matter expert and noted author Neil Sahota is now serving on the board of advisors...
FinLocker Taps Brian Vieaux as President
Brian Vieaux has joined financial data and analytics company FinLocker as president.
Vieaux has more than two decades of experience with bank-owned lending institutions. He...
Mortgage Rates Move Upward But Remain Well Below Year-Ago Levels
After three weeks of holding steady, mortgage rates were back on the rise this week, as the average rate for a 30-year fixed-rate mortgage...
Average FICO Score For Closed Mortgages Jumped to 731 in June
The average FICO score for all closed mortgages increased to 731 in June, up from 728 in May and up from 726 in June...
Mortgage Application Volume Fell For a Third Straight Week
Mortgage application volume fell for a third straight week during the week ended July 12, as the average rate for a 30-year fixed rate...
NewFi Wholesale Using LoanScorecard to Power its Non-QM Pricing and Scenario Tool
NewFi Wholesale, a wholesale mortgage lender with expertise in government, jumbo and non-qualified mortgage (non-QM) lending, has implemented LoanScorecard’s product and pricing engine, Pricer1,...
Waterstone Mortgage Promotes Chris Fleming to SVP, National Sales
Chris Fleming has been promoted to senior vice president, national sales, at national mortgage lender Waterstone Mortgage Corp.
Fleming has more than 20 years of...
New ‘Send to Lender’ Feature Added to NAMB Marketplace Digital Origination Tool
Lender Price, a provider of digital mortgage technology solutions, and the National Association of Mortgage Brokers (NAMB) have added a new “send to lender”...
Rate of Critical Defects in Mortgage Loans Continued to Rise in Q4
The rate of critical defects in mortgages reviewed post-closing increased 2% in the fourth quarter compared with the third quarter of 2018, according to...
Mortgage Software Firm Calyx Hires Robert Shumake as National Sales Consultant
Robert Shumake recently joined Calyx, a provider of mortgage origination software, as national sales consultant.
Shumake has nearly 20 years sales experience in the banking,...
Interest-Only Product Introduced by Carrington Mortgage
Carrington Mortgage Services has introduced a new interest-only product that will be offered through all loan origination channels, including wholesale, retail and correspondent.
“Carrington’s Interest-Only...
LodeStar’s Loan Estimate Calculator Now Integrated with LendingQB
LodeStar Software Solutions’ loan estimate calculator is now available through Lending QB’s loan origination system.
The integration allows lenders to access LodeStar’s products directly through...
FormFree Partners with FundingShield For Enhanced Wire Fraud Protection
FormFree, a provider of loan verification services to the mortgage industry, reports that it is partnering with FundingShield to deliver enhanced wire fraud protection.
The...
Applications For New Home Purchases Jumped in June
After increasing 20% in May, applications for mortgages for new home purchases surged again in June, rising 17.9% month-over-month and 14% compared with June...
Mortgage Rates Continue to Hold at Near Three-Year Lows
Mortgage rates continued to hold steady this week, with the average rate for a 30-year fixed rate mortgage flat at 3.75%, according to Freddie...
Mortgage Applications Fell Slightly During Fourth of July Week
Mortgage application volume dipped 2.4% on an adjusted basis during the week ended July 5, as the average rate for a 30-year fixed rate...