NAR: September Existing-Home Sales Dragged Down by Rising Mortgage Rates
Existing-home sales fell again in September to a seasonally adjusted annual rate of 5.15 million, down 3.4% compared with August and down 4.1% compared...
Secure Insight Launches Mortgage E-Closing Training Program Using DocMagic
Secure Insight, a New Jersey-based data intelligence and vendor management firm, has teamed up with DocMagic Inc., a provider of loan document preparation, regulatory...
ReverseVision Partners with STRATMOR Group
ReverseVision, a provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, is partnering with mortgage industry advisory firm STRATMOR Group...
ComplianceEase Can Now Be Used to Audit HELOCs
ComplianceEase, a provider of automated compliance solutions to the financial services industry, reports that its flagship platform, ComplianceAnalyzer, is now able to audit home...
New Penn Expands LoanScorecard to its Correspondent Division’s SMART Products
New Penn Financial has expanded its partnership with LoanScorecard and is now using LoanScorecard's automated underwriting system (AUS) for its correspondent division’s SMART series...
Mortgage Rates Dip Slightly as Housing Market Softens
Mortgage rates dipped slightly this week, as the average rate for a 30-year fixed-rate mortgage fell to 4.85%, down from 4.90%, according to Freddie...
FormFree is Now a Freddie Mac Designated Partner
Freddie Mac has named FormFree a designated third-party service provider for automated income and asset assessment capabilities.
The news coincides with the revealing of new...
Waterstone Mortgage Opens New Location in Tulsa
National mortgage lender Waterstone Mortgage Corp. reports that it has opened a new retail branch in Tulsa, Okla., that will be led by branch...
Planet Home Lending Taps Fobby Naghmi as SVP, Eastern Division
Mortgage industry veteran Fobby Naghmi recently joined Planet Home Lending, a national lender and servicer, as senior vice president of the Eastern division.
Naghmi has...
Ellie Mae: Refinance Share Fell to 29% in September
After increasing to 32% in August, the refinance share of mortgage originations fell back to 29% in September - which is where it was...
Housing Starts Fell in September, Hurricane Recovery Won’t Help
The recovery from hurricanes Michael and Florence will likely slow housing starts in the months to come.
MBA: Mortgage Application Volume Fell 7.1% as Rates Continued to Rise
Mortgage application volume fell 7.1% on an adjusted basis during the week ended Oct. 12, as the average rate for a 30-year fixed-rate mortgage...
Ross Mortgage Adds Five to its Ranks
Theresa Sprague recently joined Ross Mortgage Corp., a full-service residential mortgage lender headquartered in Troy, Mich., as vice president of branch growth and retention.
In addition, Jason Sprague and...
MBA: Mortgage Purchase Volume to Jump 4.2% in 2019
Total mortgage originations will dip to $1.63 trillion in 2019, down from $1.64 trillion this year, according to the latest forecast from the Mortgage...
FHFA, GSEs Launch Online Resource to Help Mortgage Lenders Serve LEP Borrowers
Recognizing that limited English proficient (LEP) borrowers make up a growing share of today’s mortgage market, the Federal Housing Finance Agency (FHFA), along with...
Capsilon Helps Home Point Financial Find New Efficiencies
Home Point Financial Corp., a multi-channel national mortgage originator and servicer, has expanded its partnership with Capsilon, a provider of mortgage automation software.
Home Point...
Knowing is Half the Battle: Selecting a New Retail Branch Home
BLOG VIEW: The retail mortgage industry has changed drastically since the early 2000s, with brokers and originators bearing the blame for the industry implosion...
Lender Downsizing Boosts Risk of Mortgage Defects
The risk of defects in closed mortgages increased in the first quarter, and, interestingly, staff downsizing at mortgage companies could be partly to blame,...
LoanBeam’s Self-Employment Income Solution Now Integrated with Freddie Mac
Freddie Mac has integrated LoanBeam’s self-employment income assessment solution with its Loan Product Advisor automated underwriting system (AUS).
The integration will improve speed-to-close, file quality...
Ainsworth Advisors Assembles Team of Mortgage Professionals with Deep Expertise
Ainsworth Advisors, an advisory firm launched by mortgage industry stalwarts David Lykken and Gary Ort in 2017, offers strategic and tactical advice to mortgage...