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...
JPMorgan To Pay $55 Million To Settle Allegations Of Discrimination
JPMorgan Chase has reportedly agreed to pay $55 million to settle a U.S. Department of Justice (DOJ) lawsuit accusing it of discriminating against minority...
Freedom Mortgage Wholesale Division Now Using Simplifile’s Collaboration Service
Freedom Mortgage's wholesale division is now using Simplifile's collaboration service to exchange data with its settlement partners, the companies report.
Simplifile, a provider of real...
Ellie Mae: 50 Days To Close A Mortgage In December
Purchase volume increased to 54% of all closed loans in December - up from 53% in November - as refinances fell to 46% of...
Mortgage Software Firm Calyx Taps Patrice Power As Director Of Marketing
Patrice Power has joined mortgage software solutions provider CalyxSoftware as director of marketing.
Power has more than 30 years of brand marketing and management experience....
MBA: FHA Rate Cut Boosted Applications For Refinances
A surge in applications for refinances spurred by the Federal Housing Administration's (FHA) recent rate cut resulted in total mortgage application volume increasing 0.8%...
Credit Plus Now Offers Lost Sales Analysis
Credit Plus, which offers market data used by mortgage professionals, is now offering a Lost Sales Analysis service powered by Equifax.
This new product will...
Fannie Mae: Housing Sentiment Dampened By Rising Rates
The degree of confidence consumers have in the housing market dipped for a fifth consecutive month in December, according to Fannie Mae's Home Purchase...
PCLender Hires Former Ellie Mae Exec Joe Langner As President
Joe Langner, a veteran of the financial services and mortgage industries with more than 25 years of senior level sales, marketing and general management...
InSellerate Hires Raj Parekh As Head Of Business Development
Raj Parekh has joined InSellerate, a provider of lead management and sales acceleration solutions to the mortgage lending industry, as vice president of business...
LendingQB Announces More Integrations To Make Mortgage Lending Faster
LendingQB, a provider of loan origination software, is now integrated with Radian's mortgage insurance (MI) platform, as well as ValuAmerica's online appraisal ordering service.
The integration...
Mortgage Network Hires Jayme Chandler As LO For Lanscaster, Pa., Office
Jayme Chandler has joined Mortgage Network Inc., one of the largest independent mortgage lenders in the Eastern U.S., as a mortgage loan officer in...
Chris Backe: Technology-Based Lenders Will Dominate Industry In 2017
What a wild ride 2016 was for the mortgage lending industry. First, there was the TILA-RESPA Integrated Disclosures (TRID) rule, which, although it actually...
Tian Liu: Lenders Should Expect Purchase Volume To Increase In 2017
Tian Liu, chief economist for Genworth Mortgage Insurance, says as long as lenders succeed in targeting first-time home buyers, 2017 should be a good year for purchases.
Data Trace Adds New Title Plants In Texas
Data Trace Information Services reports that it has opened new geographically indexed, P-12 compliant thick title plants in Texas.
The new plants cover Dallas, Denton,...
Equifax: Use Of Trended Credit Data Could Increase Mortgage Volume By 4%
Just how much could the use of trended credit data in the underwriting of mortgage loans benefit lenders and consumers?
According to a report from...
PathSoftware Integrates First American’s FraudGuard Tool With Its LOS
PathSoftware reports that it has integrated First American Mortgage Solutions’ FraudGuard with its cloud-based mortgage loan origination system (LOS), which is made by Calyx...
MBA: Applications For New Home Purchases Tanked In December
In keeping with the seasonal cycle, applications for mortgages for new home purchases decreased 14% in December compared with November but increased 2% relative...
Freddie Mac: Mortgage Rates Fell For A Second Week, But It Likely Won’t Last
Although most analysts fully expect mortgage rates to increase through 2017, the year kicked off with rates moving lower during the first two weeks...