Auction.com Hires Amit Aggarwal as SVP, Product and Technology
Amit Aggarwal has joined Auction.com, an online real estate transaction marketplace focused exclusively on the sale of bank-owned and foreclosure properties, as the company’s...
Black Knight: Home Price Appreciation Has Been Slowing For Past Six Months
Home price appreciation continued to slow in September, falling by one-third compared with August, according to the latest home price index report from Black...
NewDay USA Hires New SVP of Mortgage Servicing, Chief Digital Officer
Michael Greenwood recently joined Veterans Affairs mortgage lender NewDay USA as senior vice president of mortgage servicing.
Greenwood has 30 years of mortgage industry experience,...
New Home Sales Jumped 6.2% in October
After increasing a healthy 8.9% the previous month, new home sales in October reached an annual rate of about 685,000, an increase of 6.2%...
MBA: Jump in Purchase Applications Offset by Drop in Refinance Applications
Mortgage application volume increased 0.1% on an adjusted basis during the week ended Nov. 17, according to the Mortgage Bankers Association's (MBA) Weekly Mortgage...
Mid America Mortgage Buying Assets from Two Oklahoma Lenders
Mid America Mortgage Inc. is acquiring the assets of Oklahoma City-based American Southwest Mortgage Corp. and an affiliated firm, American Southwest Mortgage Funding Corp.,...
Guild Mortgage Opens First Branches in North Dakota
Guild Mortgage, one of the largest independent mortgage lenders in the U.S., recently entered the North Dakota market, with the opening three new branches...
Compass Analytics Enhances its Product and Pricing Engine
Technology firm Compass Analytics reports that it has enhanced its product and pricing engine, CompassPPE, with expanded re-lock policies, historical originator performance data and...
Housing Starts Took Nice Jump in October
Housing starts in October were at a seasonally adjusted annual rate of 1.29 million, an increase of 13.7% compared with a revised 1.135 million...
Houses Passes Republican-Backed Tax Plan That Slashes Mortgage Interest Deduction
The House of Representatives on Thursday approved the Tax Cuts and Jobs Act, a Republican tax reform package that some housing trade groups warn could...
ShelterZoom Launches Real Estate Offer Platform Powered by Blockchain
Privately held technology startup ShelterZoom recently launched a new, blockchain-based real estate online offer platform, appropriately named ShelterZoom.
The firm claims that this new platform,...
Freddie Mac: Mortgage Rates Back on the Rise
Mortgage rates increased during the week ended Nov. 16, with the average rate for a 30-year fixed-rate mortgage (FRM) rising to 3.95%, up from...
Mortgage POS Solutions Provider Cloudvirga Announces Key Contract Wins
Cloudvirga, a developer of mortgage point-of-sale (POS) platforms, reports that it has signed five of the nation’s top 30 non-bank lenders in the last...
South Street Securities Adopts Optimal Blue’s Comergence Platform
In a move that further demonstrates its position as a premier broker-dealer in a niche market, South Street Securities, a Tier 1 member of...
Ellie Mae: Refinances Regained Some Share in October
The refinance share of total mortgage origination volume regained some ground in October, increasing to 39% of all mortgages, up from 38% in September,...
MBA: Mortgage Applications Up; Average Rate For 15-Year, ARM Rises Significantly
Mortgage application volume increased 3.1% on an adjusted basis during the week ended Nov. 10, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage...
Richard Cordray Stepping Down as Director of the CFPB
Richard Cordray is reportedly stepping down as director of the Consumer Financial Protection Bureau (CFPB), effective at the end of this month.
According to a...
The Closing Exchange Rolls Out Signing Services For the Reverse Mortgage Market
The Closing Exchange, which offers signing and support services to the mortgage industry via a trusted notary network, has rolled out an enhanced signing...
Mortgage Network Hires Sean Doucette As Loan Officer Serving Central Maine
Sean Doucette recently joined the Mortgage Network Inc., one of the country's largest independent mortgage lenders, as a loan officer serving the central Maine...
The Mortgage Collaborative Announces First Reverse Mortgage Lender Member
FirstBank Mortgage is the first reverse mortgage lender to join The Mortgage Collaborative’s preferred partner network.
“FirstBank has a fantastic track record in this unique...