MBA: Purchase Applications Fell 3% Heading Into Peak Home Buying Season
Despite the fact that mortgage rates had, on average, decreased for a third straight week, mortgage application volume dipped 1.8% on an adjusted basis...
Supreme Lending Opens New Branch In Exeter, N.H.
Fast-growing mortgage lender Supreme Lending has opened a new branch in Exeter, N.H.
Industry veterans Mike Behan and David Cote have been selected to co-manage...
Ellie Mae Helping Mortgage Lenders Prepare For New HMDA Rules
Loan origination system (LOS) provider Ellie Mae says it has updated its Encompass LOS for the new reporting requirements under the Home Mortgage Disclosure...
Housing Starts Fell 6.8% In March; Single-Family Production Down 6.2%
Housing starts in March were at a seasonally adjusted annual rate of 1.215 million, a decrease of 6.8% compared with a revised 1.303 million...
E-Mortgage, Compliance Solutions Provider DocMagic Saw 42% Growth In 2016
As mortgage lenders increasingly adopt e-mortgage and compliance solutions, DocMagic Inc., a provider of loan document preparation, regulatory compliance and comprehensive e-mortgage services, says...
Nine More Credit Unions Sign Up For myCUmortgage
myCUmortgage, a leading credit union service organization wholly owned by Wright-Patt Credit Union, reports that it is partnering with nine new credit unions to...
StoneHill Group Hires Kirk Bockoven As Director Of Outsourcing
Former Fannie Mae manager and loan quality and fraud expert Kirk Bockoven has joined The StoneHill Group, a provider of quality control (QC), due...
CFPB Clarifies HMDA Rule, Seeks Feedback
The Consumer Financial Protection Bureau (CFPB) has issued a set of clarifications to its 2015 Home Mortgage Disclosure Act (HMDA) rule and is requesting...
MBA: Applications For Mortgages For New Homes Jumped 23% In March
Applications for mortgages for new home purchases increased 23% in March compared with February and increased 6.7% compared with March 2016, according to the...
Freddie Mac: 30-Year Fixed-Rate Mortgage Average Hit New Low For 2017
Mortgage rates dipped down for a fourth straight week, with the average rate for a 30-year, fixed-rate mortgage (FRM) falling to 4.08%, down from...
MBA: Mortgage Revenues Increased In 2016, But So Did The Cost To Originate
The average profit per mortgage originated increased to $1,346 in 2016 - up from $1,189 in 2015, according to the Mortgage Bankers Association's Annual...
United States Appraisals Adds David Wegmann And John Powell To Sales Team
Valuations industry veterans David Wegmann and John Powell have joined United States Appraisals (USA) as business development managers.
Wegmann, based in the Chicago area, has...
LRES Hires Mark R. Johnson As Chief Strategy Officer
Mortgage industry veteran Mark R. Johnson has joined LRES as chief strategy officer.
Johnson has more than 20 years of executive experience working for various...
NAR: Vacation Home Sales Fell 21.6% In 2016
A lack of affordability and tight supply resulted in a significant decrease in vacation home sales in 2016, a report from the National Association...
Accenture Acquires ClosingBridge Platform From BeesPath
Accenture has acquired BeesPath’s ClosingBridge platform, which facilitates simple, secure communications and file exchange for real estate finance transactions.
This will extend Mortgage Cadence’s loan...
MBA: Mortgage Applications Increased 1.5%, Driven By Purchases
Mortgage application volume increased 1.5% on an adjusted basis during the week ended April 7, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage...
Luther Burbank Savings Targets First-Time Home Buyers With ‘Grow’ And ‘Daisy’
California mortgage lender Luther Burbank Savings has pledged to loan $50 million to first-time homebuyers via its popular "Grow" mortgage product and "Daisy" down...
Mortgage Wholesaler United Shore To Pay $1.4M For Overcharging Interest
Michigan-based wholesale mortgage lender United Shore Financial Services will pay $1.4 million to settle allegations brought by the California Department of Business Oversight (DBO)...
Parkside Lending Rolls Out VA Loan Programs
Parkside Lending, a national wholesale and correspondent lender, is now offering Veterans Affairs (VA) home loan programs.
“We’re excited that we can now partner with...
Mortgage Lender PrimeLending Opens New Location In Missouri
National mortgage lender PrimeLending recently opened a new branch in Camdenton, Mo.
Ron Yarbrough will head up the new location as branch manager. He will...