How Tax Reform Has Impacted the Housing Market
When the Tax Cuts and Jobs Act was enacted in 2017, it reduced tax breaks for homeowners.
Mainly, it lowered the cap on the mortgage...
Mortgage Applications Dipped Slightly, Along with Rates
After increasing 2.7% the previous week, mortgage application volume fell 0.6% on an adjusted basis during the week ended May 10, as the average...
NAMB Teams Up With Lender Price to Deliver NAMB Marketplace
The National Association of Mortgage Brokers (NAMB) and Lender Price, a provider of digital origination solutions, have teamed up to launch the NAMB Marketplace,...
Guaranteed Rate Names John Stewart Western Divisional Manager
John Stewart recently joined mortgage lender Guaranteed Rate as western divisional manager.
Stewart has nearly 30 years of mortgage and finance industry experience. He began...
Ross Mortgage Opens First Location in Louisiana
Ross Mortgage Corp., a full-service residential mortgage lender headquartered in Troy, Michigan, reports that it has opened a new location in Lafayette, La. -...
CFPB Gearing Up to Further Relax HMDA and Possibly Other Rules
The Consumer Financial Protection Bureau (CFPB) plans to further relax its Home Mortgage Disclosure Act (HMDA) rules and may be making additional rule changes...
ComplianceAnalyzer Now Integrated with LendingPad
ComplianceEase, a provider of mortgage compliance software, recently announced that its ComplianceAnalyzer solution is now integrated with with LendingPad, a cloud-based loan origination system...
TRK Connection’s RDM Platform Now Integrated with Veri-Tax
TRK Connection (TRK), a provider of mortgage quality control (QC) and origination management solutions, reports that it has added 4506-T Income Verification from Veri-Tax,...
FHA Proposing Significant Changes to its Lender Certification Requirements
The Federal Housing Administration (FHA) is proposing several revisions to its lender certification requirements with the goal of providing lenders and servicers greater certainty...
Mortgage Credit Increased in April, Driven by Increase in Jumbo Category
Mortgage credit availability increased in April, rising 2.15% compared with March to a score of 186.0 on the Mortgage Bankers Association’s (MBA) Mortgage Credit...
What Millennials Fear Most About Homeownership: TCO
Mortgage lenders tend to be overly optimistic about the housing market - and who can blame them?
Typically, when economists working in the mortgage industry...
BlackFin Group Launches Mortgage Consulting Practice
A newly formed boutique consulting firm focused on mortgage banking and financial services promises a different approach to client engagements.
BlackFin Group has formally launched...
Mortgage Applications Post First Gain in a Month
After decreasing for four consecutive weeks, mortgage applications reversed course and increased 2.7% during the week ended May 3, as the average rate for...
IDS Now Using ZenDesk to Speed Customer Service
Mortgage document preparation vendor International Document Services Inc. (IDS) recently converted its customer service platform to ZenDesk.
The move is designed to better serve IDS customers...
Ellie Mae Launches New Multi-Tiered Consulting Program
Mortgage technology firm Ellie Mae recently launched a new consulting program that offers training, certification and deeper access to the firm’s resources.
The new Ellie...
Freddie Mac: Mortgage Rates Will Mostly Stay Flat for 2019
Freddie Mac is forecasting that mortgage rates will remain more or less flat for the remainder of 2019, possibly providing a much needed boost...
Stellar April Jobs Report Bodes Well For Housing Market
The U.S. economy added about 263,000 in April and the unemployment rate dropped to 3.6%, driven mainly by job gains occurred in professional and...
LoyaltyExpress Rebrands as Volly
Having acquired SoftVu, a provider of customer relationship management (CRM) software, and Lending Manager, a provider of mortgage point-of-sale (POS) solutions, last year, LoyaltyExpress,...
Brian Lynch: Lenders Must Also Focus on User Experience For Employees
PERSON OF THE WEEK: When it comes to the user experience, mortgage lenders and their software partners are almost entirely focused on the borrower...
TD Bank Hires Two Mortgage Industry Veterans To Lead New Jersey Sales Team
William Westdyk has joined the residential lending team at TD Bank as the regional sales manager for New Jersey.
In addition, Robert Nardone has joined...