Quicken Loans Takes The E-Mortgage One Step Further
Quicken Loans has launched an online mortgage solution that lets users apply for a mortgage and get conditional approval in under 10 minutes....
MBA Adds 27 New Member Companies
The Mortgage Bankers Association (MBA) says that 27 new regular member companies joined its ranks in October. The association now boasts more than...
NewDay Financial Settles With NYDFS For $1 Million
Maryland-based non-bank mortgage lender NewDay Financial will pay $1 million to settle allegations brought by the New York State Department of Financial Services (NYDFS)...
Existing-Home Sales Fell 3.4% In October
Existing-home sales were at an annual rate of 5.36 million in October - a decrease of 3.4% compared with 5.55 million in September...
Laura Edwards To Lead Bay Equity’s New Branch In Wyoming
Laura Edwards has joined Bay Equity, a San Francisco-based wholesale and retail mortgage banker, as an area sales manager in the company's new...
Clayton Holdings Appoints Mark Hughes Head Of Sales, Marketing
Mark Hughes has joined Clayton Holdings LLC, a provider of loan due diligence, surveillance, real estate owned management and consulting services to the...
Prospect Mortgage Settles With Multi-State Mortgage Committee
Prospect Mortgage will pay a $7.4 million penalty and about $2.8 million in restitution to settle allegations brought by the Multi-State Mortgage Committee...
First Bancshares Acquiring The Mortgage Connection
The First Bancshares Inc., the holding company for The First, A National Banking Association, is acquiring The Mortgage Connection, a loan originator serving...
Delinquency Rate Fell To 4.77% In October; Foreclosure Starts Down 8.39%
The total U.S. mortgage delinquency rate was 4.77% in October - a decrease of 1.93% compared with September and a decrease of 11.91%...
Fairway Independent Mortgage Adds Two New Executives In Phoenix
Michael Freeman and Jeannie Bolger have joined Fairway Independent Mortgage Corp., a full-service mortgage company headquartered in both Madison, Wis., and Plano, Texas,...
Freddie Mac: Rates Hold Steady As Markets Process Fed Minutes
Fixed mortgage rates remained mostly unchanged for the week ending Nov. 19, as analyst expectation turned from world events to the Federal Open...
RealtyTrac: 65% Of Good School Districts ‘Unaffordable’ For Average Wage Earner
Want your kids in better public schools? Then be prepared to pony up for much higher home prices. A report from RealtyTrac shows...
Only 39% Of Renters Think Saving For Down Payment Is A Priority
There is more bad news for mortgage lenders: A recent survey conducted by Freddie Mac reveals that only 39% of renters in the...
The Mortgage Collaborative Approves 10 New Providers For Partner Network
The Mortgage Collaborative, an independent mortgage lending cooperative, has added 10 new preferred vendor partners to its network, according to Rich Swerbinsky, the...
Average FICO Score On Closed Mortgages Fell Again In October
The average FICO score on closed loans in October fell to its lowest level since August 2011, according to Ellie Mae's Origination Insight...
Housing Starts Dropped 11% In October; Multifamily Starts Down 25.5%
Housing starts in October were at a seasonally adjusted annual rate of about 1.06 million, a decrease of 11.0% compared with 1.19 million...
CoreLogic Enhances Its Home Equity Data Offerings
CoreLogic reports that its Loan Level Home Equity solution now includes new information on utilization trends, including timing of draws, draw repayment terms...
PrimeLending Hires Greg Kisiel In Tucson, Ariz., Branch
Greg Kisiel has joined PrimeLending, a Dallas-based residential mortgage originator and a PlainsCapital company, as a senior loan officer at the Tucson, Ariz.,...
Valuation Partners Expands Leadership To Prepare For Expected Growth
Mortgage industry veterans Jim Davis and David Raskin have joined the team at Valuation Partners, an appraisal management company based in Sugar Land,...
Stonegate Mortgage Appoints Steve Landes Director Of National Sales
Steve Landes, a 23-year industry veteran, has been named director of national sales at Stonegate Mortgage Corp., a publicly traded mortgage company focused...