Freddie Mac: Mortgage Rates Inched Up Slightly
Mortgage rates inched up slightly during the week ended Dec. 20, with the average rate for a 30-year fixed rate mortgage (FRM) rising to...
FHFA Wants Feedback on GSEs’ Use of Alternative Credit Scoring Models
The Federal Housing Finance Agency (FHFA) is seeking feedback regarding the operational and competition considerations of changing Fannie Mae and Freddie Mac’s current credit...
Average FICO Score on Closed Mortgages Fell For First Time in Five Months
The average FICO score on closed loans (all types) flowing through Ellie Mae’s Encompass origination platform decreased for the first time since May to...
NAR: Existing-Home Sales Jumped 5.6% in November
Existing-home sales were at a seasonally adjusted annual rate of 5.81 million in November, an increase of 5.6% compared with an upwardly revised 5.50...
MBA: Mortgage Applications Fell 4.9%
Total mortgage application volume fell 4.9% on an adjusted basis during the week ended Dec. 15, with applications for refinances dropping 3% and applications...
Waterstone Mortgage Hires New VP of Risk and Audit, VP of Retail Production
Jodi Johnson recently joined national mortgage lender Waterstone Mortgage Corp. as vice president, risk and audit.
In addition, Ed Vaccaro has joined the company as...
Tom Hutchens: Non-QM Market Set For Explosive Growth in 2018
The non-QM lending market is forecast to double in 2018, so what's driving the growth?
CoreLogic: Mortgage Credit Risk Increased in Q3
Mortgage credit risk increased in the third quarter to reach a score of 111.1 on the CoreLogic Housing Credit Index (HCI), up 18 points...
Housing Starts Increased 3.3% in November
Housing starts as of the end of November were at a seasonally adjusted annual rate of about 1.297 million, an increase of 3.3% compared...
Flagstar Bank Staying ‘Focused on the Originator’ with TPO Technology Initiatives
Brian Vieaux discusses Flagstar’s approach to technology as it relates to the bank's broker and correspondent lines of business.
Mortgage Network Hires Linda Murray as LO
Linda Murray recently joined Mortgage Network as a loan officer in the lender’s Portland, Maine, branch.
Murray, who grew up in Portland and now lives...
GSEs Publish Final Underserved Market Plans
As mandated by the Federal Housing Finance Agency (FHFA), government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac have published their final Duty to Serve...
Opus CMC’s Mortgage Solutions Tied Into mTrade’s Clean Room
Due diligence firm Opus Capital Markets Consultants reports that its mortgage solutions portfolio is now fully integrated with mTrade’s Clean Room, an online service...
Lender Opens New Branch in North Indianapolis
Independent mortgage lender Castle & Cooke Mortgage reports that it has opened a new branch in North Indianapolis, thus expanding its footprint in Indiana.
The...
Impac Mortgage Hires Rian Furey to Lead its Consumer Direct Retail Channel
Rian Furey has joined Impac Mortgage Holdings Inc. as president of direct lending.
Previously, Furey served as chief administrative officer for loanDepot.com. He has also...
Equity Prime Mortgage Opening Loan Assistance Center in Georgia
Equity Prime Mortgage, a residential mortgage lender, is opening a new loan assistance center in Lilburn, Ga.
The new facility is designed for borrowers to...
OpenClose Adds AFR’s Flood Services to its LOS
OpenClose, a multi-channel loan origination system (LOS) and mortgage software solutions provider, is partnering with AFR Services (AFR) to enable customers to access the...
Cloudvirga Hires Jim Portner as Chief Product Officer
Jim Portner has joined Cloudvirga, developer of intelligent mortgage point-of-sale (POS) platforms, as chief product officer.
Previously, Portner was senior vice president of products and strategy...
Freddie Mac: Mortgage Rates Flat; Rate Hike ‘Already Priced In’
The Fed's rate hike that was announced on Wednesday had no immediate impact on mortgage rates, which were basically flat during the week ended...
FormFree Partnering with Envestnet | Yodlee Risk Insight Solutions
In a move that will expand the capabilities of its AccountChek automated verification platform, FormFree has announced a partnership with Envestnet | Yodlee Risk...