Mid America Mortgage Completes Its First E-Closing, E-Note
Mid America Mortgage reports that it has completed its first e-closing and e-note through its retail origination channel.
From here, the lender intends to expand...
GuardianDocs Integration With Calyx Fruitful For Lenders
Portland, Ore.-based Premier Mortgage Resources and Iowa-based Gateway State Bank are both benefiting from the seamless integration between LenderLive's GuardianDocs document preparation service and...
CoreLogic: Home Prices Increased 1.1% In June
U.S. home prices increased 1.1% in June compared with May and increased 5.7% compared with June 2015, according to CoreLogic's home price index report, which...
Freddie Mac Auctions Pool Of ‘High Risk’ Loans
Chimera Investment Corp. is the winning bidder on a pool of 846 high-risk loans with an unpaid principle balance of about $198.9 million recently...
MiMutual Mortgage Expands In Utah
MiMutual Mortgage, the national retail channel for Michigan Mutual Inc., recently opened a branch in South Jordan, Utah, which is a suburb about 20...
CFPB Promotes Three To Leadership Roles
The Consumer Financial Protection Bureau (CFPB) recently announced three promotions within its upper ranks.
Chris D’Angelo, previously the bureau’s chief of staff, will now serve...
Jet Direct Mortgage Using Comergence For Its New Wholesale Channel
New York-based Jet Direct Mortgage is using Comergence's risk management and due diligence services for its recently launched wholesale channel.
Jet Direct’s new Florida location...
CFPB Outlines Proposed Changes To TRID Rule
In order to provide greater clarity and certainty for mortgage lenders, the Consumer Financial Protection Bureau (CFPB) is proposing updates to its Know Before...
U.S. Homeownership Rate Falls To Same Level Seen In 1965
The U.S. homeownership rate fell to 62.9% in the second quarter - a decrease of 0.5 percentage points compared with the second quarter of...
Chronos Solutions Acquires UPF Services
Chronos Solutions, a national real estate financial services provider based in Coppell, Texas, has acquired UPF Services, a Spokane Valley, Wash.-based provider of process-driven...
Freddie Mac: Mortgage Rates Inched Up Slightly
Mortgage rates increased slightly for a second week in a row during the week ended July 28, with the average rate for a 30-year,...
H. Burton Embry To Head New Organization For Mortgage Compliance Professionals
H. Burton Embry, executive vice president and chief compliance officer for Primary Residential Mortgage Inc., has been named president of the Mortgage Compliance Professionals...
FinCEN Expands Investigation Into All-Cash Buyers
“By expanding the GTOs to other major cities, we will learn even more about the money laundering risks in the national real estate markets..."
NAR: Pending Home Sales Basically Flat In June
Pending home sales were basically flat in June, rising just 0.2% compared with May, according to the National Association of Realtors' (NAR) Pending Home...
Republic First Bancorp Acquires Oak Mortgage
Republic First Bancorp Inc., the parent company of Republic Bank, has entered into an agreement to acquire Oak Mortgage Co., a residential mortgage company...
Colony American Finance Now Using OpenClose’s LOS
Colony American Finance (CAF), a specialty finance company that provides loan products to residential real estate investors, is now using OpenClose's loan origination system...
G. Irwin Gordon Named EVP, Chief Revenue Officer At Invitation Homes
G. Irwin Gordon has been promoted to executive vice president and chief revenue officer at Invitation Homes, a provider of single-family rental homes.
Gordon joined...
MBA: Mortgage Application Volume Fell 11.2%
After surging in early July, mortgage application volume tumbled 11.2% during the week ended July 22 due mainly to increasing mortgage interest rates, according...
U.S. Home Prices Kept Rising In May
U.S. home prices increased 0.2% on an adjusted basis in May compared with April and increased about 5.0% compared with May 2015, according to...
New Home Sales Up 25.4% Compared With One Year Ago
New home sales were at a seasonally adjusted annual rate of about 592,000 as of the end of June - an increase of 3.5%...