Housing Starts, Building Permits Lackluster In March
Housing starts in March were at a seasonally adjusted annual rate of 1.089 million, a decrease of 8.8% compared with the revised February estimate...
Stonegate Mortgage Appoints New Company CEO
Stonegate Mortgage Corp., a publicly traded mortgage company focused on originating, financing and servicing U.S. residential mortgage loans, has announced that James V. Smith,...
OpenClose Taps Michael Falce To Handle Increasing Demand For Multi-Channel LOS
Industry veteran Michael Falce has joined the team at West Palm Beach, Fla.-based OpenClose, an enterprise-class, multi-channel, end-to-end loan origination system (LOS) provider, as...
Freedom Mortgage Settles With HUD For $113 Million
The company was accused of knowingly originating and underwriting Federal Housing Administration (FHA)-backed mortgages that did not meet FHA guidelines.
Comergence Appoints Chaeli Walker New Marketing Director
Chaeli K. Walker, an industry veteran with 15 years of senior-level sales and marketing experience, has joined Comergence, a provider of third-party vendor and...
Collateral Analytics Appoints Robert Walker SVP Of Customer Retention And Acquisition Technologies
Robert Walker has been appointed senior vice president of customer retention and acquisition technologies at valuation technology firm Collateral Analytics.
Walker is a veteran of...
CoreLogic’s LoanSafe Appraisal Manager Now Integrated With Ellie Mae’s Encompass
CoreLogic's LoanSafe Appraisal Manager is now integrated with Ellie Mae's Encompass loan origination system, thus allowing lenders using Encompass to more quickly and easily...
FHFA Moves Forward With Principal Reduction Modification Program
The Federal Housing Finance Agency (FHFA) is moving ahead with a controversial plan to write-down the mortgages of about 33,000 severely delinquent, "underwater" borrowers...
ComplianceEase Hires Former MBA Chairman As SVP
David Kittle, former chairman of the Mortgage Bankers Association (MBA), has joined mortgage compliance technology firm ComplianceEase as senior vice president of government and...
CFPB Promotes Five, Hires One For Executive Roles
The Consumer Financial Protection Bureau (CFPB) recently promoted five of its executives and hired another.
First, the CFPB hired Grady Hedgespeth as assistant director for...
loanDepot Opens New Retail Location In Upstate New York
loanDepot reports that it has opened a new brick-and-mortar retail location in New City, N.Y.
The opening of the new location is part of the...
Visionet Systems Now Integrated With LendingQB
Visionet Systems' automated document classification, indexing and data extraction technology is now fully compatible with LendingQB's loan origination system, thanks to an integration announced...
MBA: Applications For New Home Purchases Jumped 17% In March
Applications for new home purchases increased 17% on an unadjusted basis in March compared with February, according to the Mortgage Bankers Association's (MBA) Builder...
Freddie Mac: Mortgage Interest Rates Hit New Low For 2016
Mortgage rates reached a new low for the year during the week ended April 14, according to Freddie Mac's Primary Mortgage Market Survey.
The average...
Report Shows Just How Much The Private-Label RMBS Market Has Shrunk
A recent report from Moody's shows how U.S. private-label securitization ebbs and flows with the amount of debt outstanding.
The report suggests that when the...
SIGNiX Partners With U&OB Notary Services
Video is seeing increased application in the mortgage process. One area where that has already happened in a big way is the e-notary process....
Back To The Drawing Board: Five Banks Must Re-Submit Resolution Plans
The most recent resolution plans, or "living wills," of five of the eight largest U.S. banks have been rejected by the Federal Deposit Insurance Corp. (FDIC) and the Federal Reserve Board.
Financial Funding Solutions Signs Up For PathSoftware’s LOS
Financial Funding Solutions Inc., a brokerage and correspondent lender that operates in Arizona, Colorado, Illinois, Iowa, Kansas, Nebraska, Texas, Utah and Wyoming, is now...
MBA: Mortgage Application Volume Jumped 10%
Mortgage application volume increased 10% during the week ended April 8, according to the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey.
Applications for refinances...
MBA: Despite Higher Costs, Average Profit Per Mortgage Increased In 2015
Despite increased operating costs, due mainly to new regulations, 2015 wasn't a bad year for mortgage bankers - at least volume-wise.
According to the Mortgage...