CoreLogic: U.S. Home Prices Continued to Climb in October
U.S. home prices increased 0.9% in October compared with September and were up 7% compared with October 2016, according to CoreLogic’s home price index...
Alex Kolodner: Compliance Needs Will Continue to Drive the Mortgage Industry
PERSON OF THE WEEK: Alex Kolodner is client operations manager for IndiSoft, a provider of compliance software to the mortgage industry.
MortgageOrb recently interviewed Kolodner...
First Interstate Bank Renews Subscription for Black Knight’s LoanSphere MSP
First Interstate Bank, a $12 billion community bank with more than 120 banking offices across Idaho, Montana, Oregon, South Dakota, Washington and Wyoming, has...
Senate Passes Tax Reform Bill that Keeps MID Threshold Intact, Addresses MSRs
The U.S. Senate on early Saturday morning narrowly passed the Tax Cuts and Jobs Act, a sweeping $1.5 trillion tax reform bill that could...
Craig Riddell Promoted to EVP, Chief Business Officer, at LoanLogics
Craig Riddell has been promoted to executive vice president and chief business officer for LoanLogics, a provider of loan quality management software and performance...
Mortgage Banker Profits Down in Q3 as Production Costs Continued to Rise
It continued to get less profitable to originate mortgage loans in the third quarter, with the average net gain falling to $929 per loan,...
Black Knight Adds New Robotics Capabilities to its Empower LOS
To help mortgage lenders maximize operational efficiencies, Black Knight has added new robotics capabilities to its LoanSphere Empower loan origination system (LOS).
The company claims...
First American: Risk of Application Defects Up in Storm-Ravaged Areas
The risk of defects in mortgage applications increased 22.1% on a year-over-year basis in October, due mainly to an increase in the risk of...
Freddie Mac: Mortgage Rates Dipped But it Won’t Last
Mortgage rates moved lower during the week ended Nov. 30, with the average rate for a 30-year fixed-rate mortgage (FRM) falling to 3.9%, down...
Federal Judge Rules Mulvaney Can Lead CFPB For Now
A federal judge on Tuesday denied a request for a restraining order from Leandra English - Richard Cordray’s pick to serve as acting director...
Flagstar Bank Now Accepting E-Notes for E-Warehouse Lending
E-note adoption is often seen as a final hurdle in achieving a true end-to-end e-mortgage.
In a move that will enable mortgage bankers to operate...
MBA: Mortgage Applications Fell 3.1% Thanksgiving Week
Mortgage application volume decreased 3.1% on an adjusted basis during the week ended Nov. 24, according to the Mortgage Bankers Association's (MBA) Weekly Mortgage...
Pending Home Sales Rebounded in October, But Still Down Year-Over-Year
After three straight months of diminishing activity, pending home sales rebounded in October, rising 3.5% compared with September to a score of 109.3 on...
‘Older’ Millennials Comparable to GenXers in Terms of Credit Profile, Research Shows
Mortgage lenders are finding that it is tough to generalize about the millennial generation - and research is showing us some reasons why.
To Address Affordability, Fannie Mae Gets Creative
In the past year, the GSE has rolled out a series of innovative pilot programs geared to address affordability issues from DTI to down payments.
RoundPoint Launches Retail Mortgage Lending Division
RoundPoint Mortgage Servicing Corp. has launched a retail mortgage lending division.
The new division, which is licensed in 42 states, is run out of RoundPoint’s corporate...
KeysStoneB2B Teams With DataVerify to Simplify Complex Mortgage Risk Issues
Fintech firm KeyStoneB2B has teamed up with DataVerify, a provider of mortgage risk assessment and fraud prevention systems, to simplify complex mortgage risk issues.
Using...
Waterstone Mortgage Using Continuity for Compliance Management
Waterstone Mortgage, a wholly owned subsidiary of WaterStone Bank, with assets of more than $1.8 billion, has selected Continuity for its compliance management needs.
More...
The Mortgage Collaborative Adds Loan Vision
Loan Vision, a division of Bestborn Business Solutions offering mortgage accounting software, is now a member of The Mortgage Collaborative, a network of mortgage...
Sen. Warren, PCCC and Allies to Protest Outside CFPB Headquarters
Sen. Elizabeth Warren, D-Mass. - who helped establish the Consumer Financial Protection Bureau (CFPB) in the wake of the financial crisis that started in...