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...
LRES Acquires InsideValuation
Real estate owned and appraisal management company (AMC) LRES has acquired InsideValuation, a provider of commercial and residential evaluations, for an undisclosed sum.
The deal merges...
Parkside Lending Earns Ginnie Mae Issuer Status
National wholesale and correspondent lender Parkside Lending recently expanded its securitization program and is now issuing Ginnie Mae securities.
As a result, the lender can...
Consumer Outlook On Economy, Home Buying Weakened In March
Consumers' outlook on the direction of the economy got a little gloomier in March, according to Fannie Mae’s Home Purchase Sentiment Index (HPSI).
The index,...
reQuire Expands Offerings Through Acquisition Of Covius
reQuire, a provider of compliance and risk management solutions to the real estate settlement services industry, has acquired several business units of Covius, a...
MBA Promotes William Kooper To VP Of State Government Affairs, Industry Relations
William Kooper has been promoted to vice president of state government affairs and industry relations at the Mortgage Bankers Association (MBA), effective April 1.
Kooper,...
Mission Global Hires Former Clayton Exec As Compliance Officer
Aaron Scott Taylor has joined Mission Global, a mortgage services due diligence company and an affiliate of Mission Capital Advisors, as compliance officer.
Prior to...
New Mortgage Technology Firm Launched
There's a new "fintech" company on the block.
LendSmart is a new company that will provide cloud-based process automation for mortgage lenders. It is a...
Altisource Hires New Exec, Promotes Another
Michael Kuentz has joined Altisource as vice president of national sales for the Lenders One Mortgage Cooperative, while Justin Vedder has been promoted to...
Wells Fargo To Pay $1.2B In Settlement With HUD Over Faulty Mortgages
It is reportedly the largest settlement related to the faulty underwriting of mortgages ever reached with HUD.
‘Serial Refinancers’ Helped Boost Mortgage Origination Volume In 2015
How much of a role did the so-called “serial refinancers” - the borrowers who refinance their mortgages multiple times, typically each time interest rates...
MBA: Mortgage Credit Availability Decreased Slightly In March
Mortgage credit availability decreased slightly in March compared with February, according to the Mortgage Bankers Association's (MBA) Mortgage Credit Availability Index (MCAI).
The index decreased...
Survey: Delivering Better Customer Service Is Top Priority For Most Mortgage Lenders
Delivering better customer service and speeding the time to closing will be top priorities for most mortgage lenders this year, a survey of mortgage...
Equifax: 2015 Not A Bad Year For Mortgage Originations
Despite some major headwinds, 2015 was a fairly good year for mortgage lending, according to Equifax's National Consumer Credit Trends Report.
The report shows that...
Survey: 96% Of Credit Union Execs Say TRID Has Delayed Closings
In a recent survey of more than 200 credit union executives, 96.1% say the Consumer Financial Protection Bureau's new TILA-RESPA Integrated Disclosure (TRID) rules...
Freddie Mac: Mortgage Rates Hit New Lows For The Year
Mortgage rates hit the lowest level since February during the week ended April 7, according to Freddie Mac's Primary Mortgage Market Survey.
The average rate...
Freedom Mortgage To Acquire Correspondent Origination Assets Of JP Morgan Chase’s Rural Housing Business
The acquisition allows Freedom to expand its correspondent business at a time when Chase is simplifying its products.
Stonegate Mortgage Hires Michael Bender As East Regional Manager
Michael Bender has returned to Stonegate Mortgage Corp. to serve as east regional manager.
Bender has more than 10 years of mortgage industry experience. Most...
eLEND Introduces Loan Comparison Tool That Uses Loan Estimate Data
The main purpose behind the new loan estimate disclosure that lenders are now required to use under the Consumer Financial Protection Bureau's (CFPB) new...