ATTOM: Share of ‘Equity Rich’ Properties Hit a ‘Tipping Point’ in Q1
Roughly 5.2 million U.S. residential properties were “seriously underwater” as of the end of the first quarter, a decrease of about 291,000 properties compared...
Freddie Mac: Mortgage Rates Dipped For First Time in Weeks
Mortgage rates dipped slightly this week, with the average rate for a 30-year fixed rate mortgage (FRM) falling three basis points to 4.55%, down...
Dispelling Reverse Mortgage Barriers to Entry
Extending this unique product to existing borrowers as they age is a fantastic way to retain them for life while growing one’s business.
Angel Oak Home Loans Hires Wellborn Price as Loan Mortgage Advisor
Wellborn Price recently joined Angel Oak Home Loans as a loan mortgage advisor.
He will work out of Angel Oak Home Loan's Buckhead, Atlanta branch,...
Freddie Mac Launches New 3% Down Program
Freddie Mac recently launched HomeOne mortgage, a new conventional 3% down payment option for qualified first-time homebuyers.
HomeOne mortgage broadly serves borrowers without geographic or...
LenderClose Adds Brad Bach as Vice President of Sales
Brad Bach has joined fintech startup LenderClose as vice president of sales.
Bach has more than 15 years of marketing, sales and financial services experience....
CoreLogic: Home Prices Rising Faster than Incomes in Half of the Top 50 Markets
U.S. home prices increased 1.4% in March compared with February and were up 7% compared with March 2017, according to CoreLogic’s home price index.
Currently,...
NAR: Pending Home Sales Barely Increased in March
Pending home sales inched up 0.4% in March compared with February to reach a score of 107.6 on the National Association of Realtors’ (NAR)...
Joe Langner: To Deliver a True All-Digital Mortgage, LOS Providers Must Re-Invent
PERSON OF THE WEEK: The loan origination system (LOS) is the central “workhorse” of any mortgage operation. It is the “system of record,” or...
Castle & Cooke Mortgage Opens Fourth Location in Arizona
Castle & Cooke Mortgage recently opened a new retail location in Glendale, Ariz., that is being managed by area local Andie L. Esquivel.
The new location...
Mortgage Application Defect Risk Decreased in March
The overall risk of defects in mortgage applications decreased 1.2% in March compared with February but was up 3.8% compared with March 2017, according...
IDS Adds Hybrid E-Closing Capabilities to its Mortgage Doc Prep Platform
Mortgage document preparation vendor International Document Services Inc. (IDS) reports that its platform now supports hybrid electronic mortgage closings - meaning that lenders can...
Planet Home Lending Names Michael J. Kula Chief Operating Officer
Michael J. Kula recently joined Planet Financial Group, a privately held mortgage lender and servicer, as chief operating officer.
Kula has three decades of mortgage...
Waterstone Mortgage Names Nathan Vlazny Vice President of Underwriting
Nathan Vlazny has joined national mortgage lender Waterstone Mortgage Corp. as vice president of underwriting.
Vlazny was previously underwriting manager for the South Atlantic Region...
Freddie Mac: Mortgage Rates Hit Highest Level Since August 2013
Mortgage rates continued their upward climb this week, with the average rate for a 30-year fixed-rate mortgage rising 11 basis points to 4.58%, up...
Mortgage Fintech Firm LenderClose Receives Funding to Bolster its Ranks
Fintech startup LenderClose recently secured the funding it needs to add 25 employees to its ranks.
The two-year-old Des Moines, Iowa-based startup launched in 2016 when lending technology...
USFN Publishes Digital Successor in Interest Reference Guide
USFN, a national not-for-profit association of select law firms, trustee companies and affiliated businesses providing comprehensive default services to the mortgage banking industry, recently...
United Wholesale Mortgage Hires Alex Elezaj as Chief Strategy Officer
Alex Elezaj has joined United Wholesale Mortgage (UWM) as chief strategy officer.
Elezaj most recently served as CEO of Troy, Mich.-based Class Appraisal, a residential...
New Home Sales Jumped 4.0% in March
New home sales in March were at an annual rate of 694,000, an increase of 4.0% compared with a revised rate of 667,000 in...
MBA: Mortgage Applications Increased Slightly as Rates Continued to Rise
Mortgage application volume fell slightly during the week ended April 20, as the average contract interest rate for a 30-year fixed-rate mortgage climbed to...