Risk of Defects in Mortgage Applications Flat For Fifth Consecutive Month
The overall risk of defects in mortgage applications in January was flat compared with December - however, the risk of fraud in applications for...
NAR: Pending Home Sales Tanked in January
After rising for three consecutive months, pending home sales in January fell 4.7% compared with December to reach the lowest level in more than...
Castle & Cooke Mortgage Opens New Hawaii Location
Castle & Cooke Mortgage continues its nationwide expansion with the opening of its first office on the Hawaiian island of Kauai.
The new branch is...
MBA: Applications For Purchases Jumped 6%
Mortgage application volume increased 2.7% on an adjusted basis during the week ended Feb. 23, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage...
Angel Oak: We Originated More Than $1.1 Billion in Non-QM Loans in 2017
Angel Oak Mortgage Solutions and its affiliates, Angel Oak Home Loans and Angel Oak Prime Bridge, together originated more than $1.1 billion in non-qualified...
Radian Promotes Derek Brummer to SVP, Mortgage Insurance and Risk Services
Derek Brummer has been promoted to the newly created position of senior executive vice president, mortgage insurance and risk services, at private mortgage insurance...
Black Knight: U.S. Home Prices Continued to Rise in December
U.S. home prices increased 0.1% in December compared with November and were up 6.62% for 2017, according to Black Knight’s home price index report.
December...
Primary Residential Mortgage Opens New Branch in Miami
Primary Residential Mortgage Inc. (PRMI) continues to expand its footprint in Florida with the opening of a new branch located near the Miami International...
Carrington Mortgage Rehires Rick Sharga as EVP
Rick Sharga has rejoined Carrington Mortgage Holdings as an executive vice president.
Sharga was previously with Ten-X for five years, first as executive vice president...
Margie Hennessey: It’s Still Uncertain How Rising Rates Will Impact Home Sales
PERSON OF THE WEEK: Margie Hennessey is a regional executive for Embrace Home Loans. MortgageOrb recently interviewed Hennessey to learn more about what mortgage...
New Home Sales Plummeted in January
New home sales in January were at a seasonally adjusted annual rate of 593,000, a decrease of 7.8% compared with a revised 643,000 in...
Calyx Launches Borrower Loan Interview Solution
Loan origination system provider Calyx Software has launched Zip, a Web-based “loan interview” platform that automatically guides borrowers through an online mortgage application process...
Mark Fleming: Gradually Rising Rates Won’t Impact Home Sales That Much
How much of an impact will gradually rising mortgage rates have on home sales in 2018?
Less than most people think, says Mark Fleming, chief...
Freddie Mac: Mortgage Rates Rise For Seventh Consecutive Week
Mortgage rates continued their upward climb this week, with the average rate for a 30-year fixed-rate mortgage (FRM) rising to 4.4%, up from 4.38%,...
National Title Underwriter Stewart Now Using Pavaso’s Technology to Deliver Digital Closings
National title underwriter Stewart and e-mortgage technology developer Pavaso Inc. are partnering to promote and deliver a fully digital mortgage closing process.
The partnership will...
Flagstar Bank to Acquire Mortgage Warehouse Loan Portfolio from Santander Bank
In a move that will strengthen its market position in warehouse lending, Flagstar Bank is acquiring a mortgage warehouse loan portfolio from Santander Bank.
Terms...
Refinance Share of Mortgage Activity Jumped in January
'Refinances will taper back off to industry-projected levels of 25 to 30 percent in the coming months.'
Pam Perdue: Unified Compliance Management Systems Will Transform Mortgage Operations
PERSON OF THE WEEK: New rules from the Consumer Financial Protection Bureau (CFPB) require that all mortgage lenders maintain compliance management systems (CMS) -...
Existing-Home Sales Fell 3.2% in January
Existing-home sales - including sales of single-family homes, condos and co-ops - were at a seasonally adjusted annual rate of 5.38 million in January,...
MBA: Mortgage Applications Fell 6.6% as Rates Continued to Rise
After decreasing 4.1% the previous week, mortgage application volume fell 6.6% on an adjusted basis during the week ended Feb. 16, as rates continued...