Sierra Pacific Mortgage Taps John Goulding as East Coast Sales Leader
Industry veteran John Goulding has joined Sierra Pacific Mortgage Co., Inc., as the divisional sales leader for the East Coast.
Goulding has more than 34-years...
Mortgage Credit Availability Hit Highest Level in Three Months
Mortgage credit availability increased 1.5% in May to a score of 180.6 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI).
Credit availability...
FHFA Seeks Feedback on Proposed Capital Reserve Structure For Fannie, Freddie
How much capital should government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac have in their reserves in order to adequately protect taxpayers from a...
OpenClose Adds Joseph Wade to its Software Development Team
Joseph Wade has joined the development team at mortgage software firm OpenClose.
A mortgage software development expert, Wade was previously with Finastra (formerly D+H), where...
Finastra’s Fusion Mortgagebot POS Now Integrated with Optimal Blue’s PPE
Finastra’s point of sale solution is now integrated with Optimal Blue’s product and pricing engine.
This will enable banks and credit unions using Finastra’s Fusion MortgagebotPOS...
LendingQB’s LOS Now Supports MCT’s BAM
LendingQB’s loan origination platform now supports the new Bid Auction Manager (BAM) technology within Mortgage Capital Trading’s (MCT) MCTlive! secondary marketing software platform.
This new integration...
Freddie Mac Prices Second SCRT Offering For 2018
Freddie Mac reports that it has priced its second Seasoned Credit Risk Transfer Trust (SCRT) offering of this year - a rated securitization of...
Guild Mortgage Now Offering Loans Via Fannie Mae’s MH Advantage Initiative
Guild Mortgage reports that it is now offering 30-year loans for manufactured homes via Fannie Mae’s MH Advantage initiative.
The new mortgage program is for manufactured homes...
Share of Mortgages Going to Millennials Continued to Climb in April
About 89% of mortgage loans made to millennial borrowers during the month of April were for new home purchases, up one percentage point from...
Mortgage Network Opens New Location in Charlotte, NC
Mortgage Network has opened a new branch in Charlotte, N.C., that will be managed by Ray Patterson.
Patterson comes to Mortgage Network from Wells Fargo...
David Colwell: ‘Modular’ Approach to LOS Development Brings Advantages For Lenders
PERSON OF THE WEEK: Flexibility, configurability and scalability continue to be key attributes of the software and systems that mortgage lenders rely on to...
CoreLogic: Home Equity Gains Topped $1 Trillion in Q1
About 84,000 residential properties regained equity in the first quarter, reducing the total number of properties in negative equity by about 3%, according CoreLogic’s...
Rising Home Prices Creating Divergence in Consumer Attitudes Toward Buying/Selling
The rapid rise in home prices is resulting in a divergence in consumer attitudes toward buying and selling a home, Fannie Mae’s Home Purchase...
Mortgage Bankers Association Taps Robert Broeksmit as its Next President and CEO
Robert D. Broeksmit, CMB, has been selected president and CEO of the Mortgage Bankers Association (MBA), replacing David H. Stevens, CMB, who announced last...
Freddie Mac: Average Rate For 30-Year Mortgage Fell Two Basis Points
Mortgage rates fell slightly during the week ended June 7, with the average rate for a 30-year fixed-rate mortgage falling two basis points to...
ARMCO Hires Industry Veteran Nick Volpe as Chief Strategy Officer
Mortgage industry veteran Nick Volpe has joined ACES Risk Management (ARMCO), a provider of enterprise financial risk mitigation software solutions, as chief strategy officer.
Volpe has more...
Celebrity Financial Acquiring Midwest Equity Mortgage
Celebrity Financial Inc., a U.S. Virgin Islands-based diversified financial services holding company, is acquiring Midwest Equity Mortgage, an Illinois-based independent mortgage lender, for an undisclosed...
Flagstar Acquiring 52 Wells Fargo Bank Branches in the Midwest
Flagstar Bancorp, a full service retail bank and one of the largest mortgage lenders in the U.S. by volume, has signed a definitive agreement...
TRK Connection Hires Jeremy Burcham as EVP of Sales
Jeremy Burcham recently joined TRK Connection (TRK), a provider of mortgage quality control and origination management solutions, as executive vice president of sales.
Burcham has...
Mortech Launches Predictive Listing Analytics Platform
Mortech, a Zillow Group business providing mortgage technology solutions for mortgage bankers and secondary market teams, has launched Mortech Protection, a customer retention solution that monitors and identifies addresses...