MBA: Applications For New Homes Fell 11% In April
Applications for new home purchases decreased 11% on an unadjusted basis in April compared with March, according to the Mortgage Bankers Association's (MBA) Builder Application...
Proposed Rule Would Prohibit Incentive-Based Bonuses At Covered Financial Institutions
Six regulatory bodies, including the Federal Housing Finance Agency (FHFA), are seeking comment on a proposal that would prohibit incentive-based bonuses for top executives...
Housing Starts Took Healthy Jump Of 6.6% In April
Housing starts in April were at a seasonally adjusted annual rate of 1.172 million, an increase of 6.6% compared with the revised March estimate...
MiMutual Mortgage Hires John G. Stevens As VP Of Business Development
John G. Stevens has joined MiMutual Mortgage, the national retail channel for Michigan Mutual Inc., as national vice president of business development.
Stevens has more...
FNC: Home Prices Climbed 1.0% In March
U.S. home prices took a significant jump in March, increasing 1.0% on a seasonally adjusted basis compared with February, according to FNC's Residential Price...
Black Knight Acquires eLynx
Black Knight Financial Services, a Fidelity National Financial company, is acquiring eLynx, a provider of document and data solutions for the mortgage industry, for...
Genworth MI Rolls Out New Underwriting Platform
Genworth Mortgage Insurance (Genworth MI) has rolled out a new enterprise underwriting platform called “GENie.”
The new platform is designed to streamline operations and enhance underwriter...
Resitrader Seeing Strong Adoption Of Its Whole Loan Trading Platform
Resitrader reports that its whole loan trading platform recently passed the $500 million mark in loans traded.
What’s more, the company now has more than...
First Guaranty Mortgage Appoints New Regional Sales Manager
First Guaranty Mortgage Corp. (FGMC), a provider of residential mortgage lending services, has added Van Evans as regional sales manager in the company’s correspondent...
M&T Bank Settles With HUD For $64 Million
M&T Bank will pay $64 million to settle allegations that hundreds of Federal Housing Administration (FHA)-backed mortgages which the bank originated from 2006 to...
NAR: Existing-Home Sales On Track For Best Year Since 2006
Existing-home sales were at a seasonally adjusted annual rate of 5.29 million as of the end of the first quarter - slightly higher than...
DocMagic Rolls Out New Automated Due Diligence Solution For TRID
DocMagic, which offers loan document preparation, compliance, e-sign and e-delivery solutions for the mortgage industry, has introduced a new automated due diligence solution for...
Freddie Mac: Mortgage Rates Hit New Low For The Year
Fixed mortgage rates hit yet another low for the year during the week ended May 12, according to Freddie Mac's Primary Mortgage Market Survey.
The...
The Mortgage Collaborative Adds 14 New Lender Members
Fourteen new lenders recently joined The Mortgage Collaborative, an independent mortgage lending cooperative founded in 2013 to empower mortgage lenders with better financial execution,...
AmeriSave Mortgage Now Using AccountChek For Auto-Verification
AmeriSave Mortgage Corp. is the latest lender to sign up for FormFree's AccountChek automated verification software.
FormFree reports that AmeriSave has integrated AccountChek into its...
MBA: Mortgage Application Volume Increased Slightly
Mortgage application volume increased a mere 0.4% on an adjusted basis during the week ended May 6, according to the Mortgage Bankers Association’s (MBA)...
Despite Lack Of Inventory, Job Creation And Low Rates Buoyed Home Sales In Q1
The national median existing single-family home price in the first quarter was $217,600, an increase of 6.3% compared with $204,700 in the first quarter...
Open Mortgage Implements Fully TRID-Compliant LOS In 50 Days
Mortgage lender Open Mortgage recently implemented a fully "TRID-compliant" loan origination system (LOS) in 50 days using software solutions from LendingQB and IDS.
The Consumer...
FGMC Buys goodmortgage.com
Mortgage lender First Guaranty Mortgage Corp. (FGMC) has acquired the assets of goodmortgage.com, an Internet-based mortgage lender headquartered in Charlotte, N.C.
Terms of the deal...
Ellie Mae Launches Millennial Tracker
Mortgage software company Ellie Mae has released Millennial Tracker, a new, monthly sub-report of its Origination Insight report that tracks the share of mortgage...