Lighthouse Over The Horizon
Recent technological advancements in mortgage have allowed for offerings that seemed unbelievable, or, at least, very distant, just a few short years ago.
MBA: Mortgage Applications Regain Some Lost Ground
After decreasing sharply over the holidays, as it usually does, mortgage application volume bounced back during the week ended Jan. 6.
According to the Mortgage...
ComplianceEase Promotes Dan Smith To SVP Of Sales
Dan Smith has been promoted to senior vice president of sales at ComplianceEase, a provider of automated compliance solutions for the mortgage industry.
Previously, Smith...
Industry Consultant Rene Rodriguez Joins Alterra Home Loans
Highly sought-after industry consultant Rene Rodriguez has joined Alterra Home Loans as chief learning officer.
Rodriguez has more than 20 years of experience helping organizations...
Rick Sharga: Multiple Trends Reshaped Mortgage Market In 2016
Whether it was dealing with complex new regulations, such as the TILA-RESPA Integrated Disclosures rule, or preparing for upcoming rules, including new reporting requirements...
Phil McCall: Automation Was Key Technology Theme For 2016
Oh, what a year 2016 was for the mortgage lending industry. Interestingly, two of the most disruptive events for the industry - the results...
The Mortgage Collaborative Releases Year-End Report On Growth
The Mortgage Collaborative (TMC), the industry’s only independent mortgage lending cooperative dedicated to helping lenders improve execution, reduce costs, enhance expertise and meet compliance,...
First American’s FraudGuard Now Integrated With LoanLogics’ LoanHD Platform
First American Mortgage Solutions, which offers a suite of mortgage solutions covering practically the entire mortgage lifecycle, has announced that its FraudGuard solution has...
Churchill Mortgage Added 24 New Hires In Q4
To better serve the needs of borrowers and meet the growing industry demand for housing, Churchill Mortgage added 24 new employees across eight states...
FHA Cuts Mortgage Insurance Premiums By 0.25%
The reduction will save FHA-insured homeowners about $500 this year.
NAR Seeking Replacement For Longtime CEO Dale Stinton
Dale Stinton, CEO of the National Association of Realtors (NAR), will retire after 36 years of service, the organization recently announced.
Stinton will continue to...
Mortgage Credit Availability Increased In December
Mortgage credit availability increased 0.6% in December compared with November to reach a score of 175.2 on the Mortgage Bankers Association's (MBA) Mortgage Credit...
Freddie Mac: Mortgage Rates Start 2017 On A Downswing
Following nine consecutive weeks of increases, mortgage rates began 2017 by dipping down, with the average rate for a 30-year, fixed-rate mortgage (FRM) falling...
Arch Completes Acquisition Of United Guaranty Corp.
Arch Capital Group reports that it has completed its previously announced acquisition of United Guaranty Corp. (UGC) from American International Group Inc.
The acquisition expands...
MBA: Mortgage Applications Took Steep Dive During Last Two Weeks Of 2016
As typically happens every holiday season, mortgage application volume took a steep dive during the last two weeks of 2016.
According to the Mortgage Bankers...
TransUnion, Equifax Fined By CFPB For Misleading Consumers
Two of the largest credit reporting agencies, TransUnion and Equifax, are being fined by the Consumer Financial Protection Bureau (CFPB) for allegedly deceiving consumers...
CoreLogic: Average Home Price Should Surpass 2006 Peak By End Of 2017
U.S. home prices increased 1.1% in November compared with October and increased 7.1% compared with November 2015, according to CoreLogic's home price index report, which...
United Shore To Pay $48M For Alleged Faulty Underwriting Of FHA Loans
Wholesale mortgage lender United Shore Financial Services will pay $48 million to settle claims brought by the U.S. Department of Justice (DOJ) that, from...
Rising Home Prices, Slow Wage Growth Hurt Home Affordability In Q4
Due mainly to the fact that wage growth did not keep up with rising home prices, it was less affordable to buy a home...
New Residential Acquiring PHH’s Entire MSR Portfolio
New Residential Investment Corp. is acquiring PHH Mortgage Corp.'s entire mortgage servicing rights (MSR) portfolio for about $612 million.
The portfolio, which has about $72...