PRMI Hires Jack Ellison as Senior Loan Officer for Guilford Branch
Jack Ellison has joined independent mortgage lender Primary Residential Mortgage Inc. (PRMI) as a senior loan officer in its Guilford, Conn. location.
Ellison has more than 18...
Paladin Advisory Services Hires John Gray as Loan Quality Expert
John Gray has joined Paladin Advisory Services as a mortgage loan quality subject matter expert.
Gray previously worked as senior vice president of repurchases at...
American Bankers Association Endorses Promontory Fulfillment Services
Promontory Fulfillment Services’ (PFS) white-label mortgage fulfillment services are now endorsed by the American Bankers Association (ABA).
“With the increasing complexity and cost of mortgage...
Mortgage Rates Edged Upward For Second Consecutive Week
Mortgage rates moved upward for a second consecutive week, with the average rate for a 30-year fixed-rate mortgage at 4.54%, up from 4.52% the...
Brenda B. Clem Named EVP of Capital Markets at Pavaso
Mortgage industry veteran Brenda B. Clem has been named executive vice president of capital markets for digital closing platform provider Pavaso.
Clem, who joined Pavaso...
Marcos Sanchez Again Makes NAHREP’s Top 250 Latino Mortgage Originators
For the third consecutive year, Marcos Sanchez, who works for Embrace Home Loans as manager of the mortgage lender’s Sandy Spring, Md., branch, has...
Mortgage Companies Must Embrace a ‘Paperless’ Future
Now is the time for mortgage professionals to "go green."
Verus Mortgage Capital Announces Largest Non-QM RMBS Transaction in a Decade
Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-QM and investor lending solutions, reports that it has completed its sixth rated RMBS...
After Falling For Weeks, Mortgage Application Volume Flattens
After falling 1.7% the previous week, mortgage application volume flattened during the week ended Aug. 30, decreasing just 0.1%, according to the Mortgage Bankers Association’s (MBA)...
CoreLogic: Home Prices Continued to Rise in July
U.S. home prices continued to rise in July, inching up 0.3% compared with June and jumping 6.2% compared with July 2017, according to CoreLogic’s...
FHFA: Mortgage Rates Basically Flat in July
Mortgage rates were more or less flat in July, rising just one basis point compared with June, according to data from the Federal Housing...
After Three Weeks of Declines, Mortgage Rates Back on the Rise
After dropping slightly for three weeks in a row, mortgage rates were back on the rise this week, with the average rate for a...
Pending Home Sales Fell For Seventh Consecutive Month in July
Pending home sales decreased for a seventh consecutive month in July, falling 0.7% to a score of 106.2 on the National Association of Realtors’...
Guild Mortgage Launches 3% Down Program with Perks For First-Time Buyers
Guild Mortgage is offering rewards to first-time homebuyers who sign up for its latest 3% down program.
The lender’s new 3-2-1 Home Program is designed...
Borrowers Increasingly Initiating Contact with Mortgage Lenders Online
Borrower online activity has accelerated over the last decade, becoming common in every phase of the mortgage process.
Despite Growing U.S. Economy, Home Sales Forecast to Slow This Fall
Lack of inventory will continue to drive up home prices this fall, exacerbating ongoing affordability constraints and suppressing home sales, according to Freddie Mac’s...
MBA: Mortgage Application Volume Fell in Six of Seven Past Weeks
After increasing slightly the previous week, mortgage applications fell 1.7% during the week ended August 24, according to data from the Mortgage Bankers Association’s...
Verus Mortgage Capital Announces Five New Hires
Ketan Parekh, Joseph Kohout, Michael Constas, Chana (Hanna) Gottlieb and Xiaoxiao (Sherry) Overton recently joined Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-QM and investor...
MBA: Average Profit Per Mortgage Back in the Black in Q2
After seeing a net loss of $118 per loan originated in the first quarter, mortgage lenders cut their operating costs and reported a net...
Why Giving Back is Good for Business
BLOG VIEW: The Community Reinvestment Act (CRA), which was enacted in 1977, is more critical than ever.
Mortgage lenders must ask themselves what they are...