FundLoans.com Using Comergence For Wholesale Originator Oversight
FundLoans.com, a mortgage lender focused on jumbo and non-qualified mortgage (non-QM) loans, is now using Comergence for oversight of its newly created wholesale channel.
The...
Concord Mortgage, Blend Introduce Digital Mortgage App
Ohio-based mortgage banker Concord Mortgage Group, a division of NOIC Inc., in partnership with Blend, a Silicon Valley, Calif.-based technology firm, has released the...
NAR: Pending Home Sales Rebounded In December
Solid increases in the South and West offset weakening activity in the Northeast and Midwest, as pending home sales increased 1.6% to an index...
Citizens Community Federal Bank Now Using Mortgage Cadence
Citizens Community Federal Bank (CCFBank) is now using Mortgage Cadence, an Accenture company, to streamline its loan origination processes and drive borrower engagement.
Specifically, the...
Black Knight: U.S. Home Prices Increased 0.2% In November
U.S. home prices increased 0.2% in November compared with October and increased 5.7% compared with November 2015, according to Black Knight Financial Services' home...
Home Point Financial Acquiring Stonegate Mortgage
Through the acquisition, Home Point, which is based in Ann Arbor, Mich., will gain full national coverage across all channels of mortgage origination, as well as vertical integration across the mortgage value chain.
Flagstar Bank Hires Heather Slapak For Warehouse Lending Division
Heather Slapak has joined Flagstar Bank, a $14.1 billion savings and loan holding company based in Troy, Mich., as a first vice president in...
Fannie Mae: Growth In Purchases Won’t Be Enough To Offset Drop In Refis In...
Applications for refinances could fall as much as 45%, Fannie Mae's economist team forecasts.
Freddie Mac: Mortgage Rates Rise For First Time This Year
Mortgage rates rose for the first time in 2017 during the week ended Jan. 26, with the average rate for a 30-year, fixed-rate mortgage (FRM)...
FHFA: Mortgage Rates Increased In December
Nationally, interest rates on conventional purchase-money mortgages increased from November to December, according to the Federal Housing Finance Agency (FHFA).
The National Average Contract Mortgage...
Black Knight Enhances LoanSphere Empower LOS With PitchPoint
Black Knight Financial Services Inc., a provider of integrated technology, data and analytics to the mortgage and real estate industries, says that its LoanSphere Empower...
MBA: Mortgage Application Volume Increased 4.0%
Including an adjustment for the Martin Luther King Jr. holiday, mortgage applications increased 4.0% from one week earlier during the week ended Jan. 20,...
Mortgage Guaranty Insurance Corp. Announces Slew Of Promotions
Mortgage Guaranty Insurance Corp. (MGIC), the principal subsidiary of MGIC Investment Corp., has announced the promotion of James Hughes to executive vice president in...
FHFA: U.S. Home Prices Inched Up In November
U.S. home prices rose in November - up 0.5% on a seasonally adjusted basis from the previous month and up 6.1% compared with November 2015, according to...
NAR: Existing-Home Sales In 2016 Reached Highest Rate In A Decade
Still, rising interest rates and a lack of inventory will continue to create headwinds in 2017, NAR warns.
Mortgage Network Hires Joni Miller As LO For Longmeadow, Mass., Location
Joni Miller has joined Mortgage Network Inc., one of the largest independent mortgage lenders in the Eastern U.S., as a loan officer in the...
Rick Glass: Expect Some Consolidation In The Mortgage Industry In 2017
What will 2017 bring for mortgage lenders? Based on the blazing speed with which the Trump administration seeks to bring about change - a...
Trump Administration Cancels Recently Announced FHA Rate Cut
"It is important that any new policy be implemented in a way that minimizes disruption for borrowers and lenders."
Housing Starts Increased 4.9% In 2016 Compared With 2015
One of the biggest problems facing the housing and mortgage industries in 2016 was a lack of inventory – in particular, suitable "starter" homes...
Freddie Mac: Mortgage Rates Fell For Third Consecutive Week
Mortgage rates moved lower for a third straight week during the week ended Jan. 19, with the average rate for a 30-year, fixed-rate mortgage...