Lima One Capital Taps Jeff Tennyson as CEO
Jeff Tennyson has joined Lima One Capital, an institutionally backed, specialty finance company that focuses on investment property lending, as CEO.
Tennyson has more than...
Newfi Lending Hires John Boyles as SVP of Capital Markets
John Boyles has joined Newfi Lending, a technology-enabled residential mortgage lender and portfolio company of Warburg Pincus, as senior vice president of capital markets.
Boyles...
Black Knight: Home Prices Up 6.44% Year Over Year
Home prices increased 0.27% in November compared with October and were up 6.44% compared with November 2016, according to Black Knight's home price index...
HUD to Conduct ‘Top-to-Bottom’ Review of Manufactured Housing Rules
The U.S. Department of Housing and Urban Development (HUD) is undertaking a "top-to-bottom review of its manufactured housing rules as part of a broader...
New Home Sales Fell 9.3% in December But Were Up 14.1% For 2017
New home sales in December were at a seasonally adjusted annual rate of about 625,000, a decrease of 9.3% compared with about 689,000 in...
Freddie Mac: Mortgage Rates Took Significant Jump
Mortgage rates increased significantly during the week ended Jan. 25, with the average rate for a 30-yer fixed-rate mortgage (FRM) jumping to 4.15%, up...
More than 1,700 Jurisdictions Now Using Simplifile’s E-Recording Software
Twenty-three more recording jurisdictions throughout the Northeast, Mid-Atlantic and Southeast regions recently adopted Simplifile’s e-recording platform, according to the company.
The new additions bring the...
MBA: Mortgage Application Volume Increased 4.5%
After increasing 4.1% the previous week, mortgage application volume increased 4.5% on an adjusted basis during the week ended Jan. 19, according to the...
NAR: Lack of Inventory Held Housing Market Back in 2017
Existing-home sales reached an adjusted annual pace of about 5.51 million as of the end of December 2017, a decrease of 3.6% compared with...
DocMagic Reaches Milestone: 300 Million Mortgage E-Signings
DocMagic Inc., a provider of loan document preparation, regulatory compliance and e-mortgage services, recently hit a significant milestone: more than 300 million mortgage-related electronic...
Where Will Interest Rates Take Us in 2018?
BLOG VIEW: Interest rates could be the biggest hurdle facing real estate in 2018. There’s no other force that can so quickly or universally...
Matt Clarke: 2018 Should be an ‘Exciting Year’ for Mortgage Lenders
"There might be regulatory relief coming - but that still involves the cost of unwinding the systems you have in place," the CFO of Churchill Mortgage tells MortgageOrb.
Freddie Mac: Another Recession Could Be on the Horizon
Home sales will reach 6.35 million, housing starts will reach 1.3 million and home prices will increase 5.7% in 2018, Freddie Mac forecasts in...
Mortgage Network Hires Four LOs for its Waltham, Mass., Branch
Jay Hughes, Ron Gardiner, Steve Mix and Erin Sadlier recently joined Mortgage Network Inc. as loan officers.
All four work out of the lender’s Waltham,...
Bill Neville Joins LoanLogics as President and Chief Operating Officer
Financial services veteran Bill Neville is the new president and chief operating officer at LoanLogics, which offers loan quality management and performance analytics to...
Improving Mortgage Sales and Operations Through Data
BLOG VIEW: Although there has been a great deal of progress made in modernizing the mortgage industry, the fundamental idea of a mortgage and...
Home Savings and Loan Co. of Kenton, Ohio, Selects Fiserv For ‘Transformation’
Seeking to transform itself from a mortgage-based thrift to a growing full-service commercial bank, the Home Savings and Loan Company of Kenton, Ohio, (HSLC)...
CoreLogic: Amazon’s Top Cities For Second HQ Are Mostly ‘Hot’ Housing Markets
There’s no doubt that whichever city ends up hosting Amazon’s second headquarters will benefit from increased home values.
But a recent analysis from CoreLogic shows...
Freddie Mac: 30-Year Fixed Rises Above 4% For First Time Since May
Mortgage rates moved higher during the week ended January 18, with the average rate for a 30-year, fixed-rate mortgage (FRM) increasing to 4.04%, up...
Housing Starts Dropped 8.2% in December but Increased 2.4% for 2017
Housing starts in December were at a seasonally adjusted annual rate of about 1.192 million - a decrease of 8.2% compared with a revised...