Ellie Mae: TRID May Have Added A Week To Average Closing Time
The average time to close a mortgage loan continued to hold at around 49 days in December - unchanged compared with November but up...
MBA: Applications For New Home Purchases Fell 5% In December
Applications for new home purchases decreased 5.0% in December compared with November, according to the Mortgage Bankers Association's (MBA) Builder Application Survey (BAS).
This change...
Sharon Matthews Gets Seat On MISMO Board
Sharon Matthews, president and CEO of mortgage compliance technology firm eLynx, has been appointed to the board of directors of the Mortgage Industry Standards...
LRES DirectConnect Now Integrated With Mercury Network
In order to provide faster automated appraisal data exchange for its lender customers, LRES has integrated its DirectConnect integration hub with Mercury Network, a...
MBA: Despite Market Turmoil, Mortgage Application Volume Jumped 9.0%
Apparently, the turmoil in the global markets isn't deterring consumers who are interested in buying homes from filling out mortgage applications.
According to the Mortgage...
Housing Starts Missed Target In December, Up 10.8% Compared With 2014
After jumping an impressive 10.5% in November, housing starts in December were at a seasonally adjusted annual rate of about 1.149 million - a...
HomeUnion Hires Geri Brewster As Chief Compliance And Risk Officer
Geri Brewster has joined online, real-estate investment management firm HomeUnion as chief compliance and risk officer.
Brewster has more than 30 years of leadership experience...
ClosingCorp Hires Dave Petro As Head Of Sales And Business Development
Dave Petro has joined ClosingCorp, a provider of residential real estate closing cost data and technology for the mortgage and real estate services industries,...
RealtyTrac: All-Cash Sales Spiked In November
All-cash sales increased to 38.1% of all single-family home sales in November - up from 28.9% in October and up from 30.9% in...
Mortgage Origination Volume, Profit Margins Expected To Shrink In 2016
Faced with increased compliance and other back-office costs, scale diseconomies, and more aggressive pricing in the face of a shrinking origination market, most...
Freddie Mac: Fixed Mortgage Rates Fell A Little More
Fixed mortgage rates fell slightly for a second week during the week ended Jan. 14, according to Freddie Mac's Primary Mortgage Market Survey....
Goldman Sachs To Pay About $5.1B To Settle Mortgage Bond Probe
In what is being called the final multibillion-dollar settlement in connection with the subprime meltdown that contributed to the Great Recession, Goldman Sachs...
Black Knight Hires Julian Grey To Head Data And Analytics Division
Julian Grey has joined the data and analytics division of Black Knight Financial Services Inc. as its mortgage market leader. Grey is a...
NAR: Existing-Home Sales To Moderate In 2016
Although official sales figures for December are yet to be released, the National Association of Realtors (NAR) is forecasting that total existing-homes sales...
Fannie Mae Selling First Batches Of NPLs In 2016
Fannie Mae is selling its first batches of nonperforming loans (NPLs) in 2016. Specifically, the government-sponsored enterprise is selling four pools of loans...
Mortgage Collaborative Adds 16 Members
The Mortgage Collaborative, an independent mortgage lending cooperative, has added 16 new lenders to its national network. Among the new member companies are...
FinCEN Orders Title Insurance Companies To Share Data On All-Cash Buyers
Although the share of all-cash buyers continues to fall, there has always been a nagging question as to how many all-cash transactions are tied...
MBA: Mortgage Application Volume Rebounded In First Week Of 2016
After falling 27% during the two weeks ended Jan. 1, mortgage application volume rebounded, increasing 21.3% during the week ended Jan. 8, according...
FHFA Issues Final Rule Regarding FHLB Membership
The Federal Housing Finance Agency (FHFA) has released its final rule amending its regulation on Federal Home Loan Bank (FHLBank) membership. Two provisions...
Rekon Technologies Announces Two Promotions
Jim Su has been promoted to vice president of sales and marketing at Rekon Technologies, a provider of lien release and assignment technology...