FGMC Hires Brian Daily As Managing Director For Distributed Retail
Mortgage industry veteran Brian Daily has joined First Guaranty Mortgage Corp. (FGMC) as managing director for the firm's distributed retail lending division.
Daily previously worked...
Altavera Mortgage Services Seeing Strong Adoption By Credit Unions
Altavera Mortgage Services reports that it saw a 30% increase in demand for its outsourced mortgage services from credit union customers in the third...
Simplifile Hires Brian Boike As Director Of Product Strategy
Brian Boike, who has more than 16 years of experience bringing mortgage banking technologies to the market, has joined Simplifile, which offers electronic document...
Alterra Home Loans Relocates Headquarters, Expands To New States
Alterra Home Loans has relocated to a new headquarters in Las Vegas.
In addition, the mortgage lender says it has expanded into several new states.
The...
Freddie Mac: Mortgage Rates Hit Highest Point This Year
Fixed mortgage rates this week hit their highest point this year, with the average rate for a 30-year, fixed-rate mortgage (FRM) reaching 4.13%, up...
MBA: Average Profit Per Loan Increased Again In Q3
"An increase in production volume and slight decrease in expenses in the third quarter kept production profits relatively stable," MBA's Marina Walsh reports.
Freddie Mac Now Live On Common Securitization Platform
A single security for government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac moved one step closer to reality this week, now that Freddie Mac...
Comergence To Aid Sagamore Home Mortgage In Launching New Wholesale Channel
Regional retail mortgage lender Sagamore Home Mortgage is using Comergence's risk management, due diligence and surveillance service to aid in its launch of a...
Mortgage Network Hires Joseph A. Iacovino Jr. As A Loan Officer
Joseph A. Iacovino Jr. has joined Mortgage Network Inc. as a loan officer in the company’s Conshohocken, Pa., branch.
Iacovino has five years of mortgage...
CFPB Fines Three Reverse Mortgage Lenders For Alleged False Advertising
The Consumer Financial Protection Bureau (CFPB) is fining three reverse mortgage lenders - American Advisors Group, Reverse Mortgage Solutions and Aegean Financial - for...
MBA: Mortgage Applications Down Slightly After Big Drop Last Week
After falling a whopping 9.4% during the week of Thanksgiving, due, in part, to rising mortgage interest rates, mortgage application volume decreased 0.7% on...
ARMCO: Loan Defect Rate Dropped In Second Quarter
About 1.63% of all loan files included "critical" defects in the second quarter - down from a peak of 1.92% in the first quarter,...
Low Rates Drove Refinance Boomlet During Third Quarter
Remember the good old days, when fixed mortgage rates were below 4.0% and the refinance segment was booming?
Man, what a difference three months can...
Indecomm’s IncomeGenius Now Integrated With LendingQB
IncomeGenius, a tax return analysis platform developed by Indecomm Global Services, is now integrated with LendingQB's loan origination system (LOS).
That means users of LendingQB’s...
CoreLogic: U.S. Home Prices Increased 1.1% In October
U.S. home prices increased 1.1% in October compared with September and increased 6.7% compared with October 2015, according to CoreLogic's home price index report, which...
It’s Official: Ben Carson Is Trump’s Pick For HUD Secretary
Retired neurosurgeon and GOP presidential candidate Ben Carson has reportedly accepted President-elect Donald Trump’s offer to become the next secretary of the U.S. Department...
Survey: Fewer Mortgage Lenders Think Credit Box Is Too Tight
About half of mortgage professionals said mortgage credit continues to be too tight and that it is hurting homeownership opportunities for U.S. home buyers,...
MBA: Mortgage Credit Availability Increased In November
Mortgage credit availability increased 1.6% in November to reach a score of 174.1 on the Mortgage Bankers Association's (MBA) Mortgage Credit Availability Index (MCAI).
A...
AccountChek Now Integrated With Rate Reset
Rate Reset, offering automated loan retention and acquisition software for lenders, has selected AccountChek by FormFree as its technology provider for automated asset verification.
Rate...
First American: Risk Of Defects In Mortgage Applications Fell Again In October
The risk of defects in mortgage applications decreased 1.4% in October compared with September and was down 13.9% compared with October 2015, according to...