Waterstone Mortgage Closes First TRID-Based Loan
National mortgage lender Waterstone Mortgage Corp. says it has successfully closed its first mortgage loan that was initiated and processed entirely under the...
Stearns Lending Hires Former Wells Fargo Head Of Capital Markets As CIO
Thomas W. Neary has joined Stearns Lending Inc., a correspondent, wholesale and retail mortgage lender, as chief investment officer (CIO) to manage and...
Pending Home Sales Dropped 2.3% In September
Pending home sales decreased 2.3% in September compared with August but were 3.0% higher compared with September 2014, according to the National Association...
MBA: Mortgage Application Volume Fell 3.5%
After increasing 11.8% the previous week, mortgage application volume decreased 3.5% on an adjusted basis during the week ended Oct. 23, according to...
LRES Adds Damon Paxson As Vice President Of HOA Services
Damon Paxson has joined Orange County, Calif.-based LRES, a provider of appraisal and real estate owned management solutions, as vice president of homeowners...
Homeownership Rate Increased Slightly In Q3
The U.S. homeownership rate reached 63.7% in the third quarter - an increase of 0.4% compared with the second quarter, when it was...
loanDepot Hires Former Fannie Mae Exec To Oversee IT Initiatives
Dan Lader has joined non-bank mortgage lender loanDepot Inc. as senior vice president of technology portfolio delivery. Lader, who has more than 20...
FHFA: U.S. Home Prices Inched Up Again In August
U.S. home prices increased 0.3% on a seasonally adjusted basis compared with July and increased 5.5% compared with August 2014, according to the...
First Guaranty Mortgage Appoints TPO National Underwriting Director
Kathleen Alvarez, an industry veteran with more than 25 years of underwriting knowledge and management experience in residential mortgage lending, has joined First...
First American: Mortgage Application Defect Risk Decreased In September
The risk of 'defects' found in loan applications decreased by 1.2% in September compared with August and decreased 9.0% compared with September 2014,...
S&P/Case-Shiller: Home Prices Increased Slightly In August
U.S. home prices increased 0.3% nationally on an unadjusted basis in August compared with July and increased 4.6% compared with August 2014, according...
Freddie Mac, Quicken Loans Partner To Achieve Greater Homeownership Goals
Freddie Mac and Quicken Loans have formed a partnership to launch several new initiatives designed to give more Americans the opportunity to achieve...
New Home Sales Dropped 11.5% In September
Sales of new single-family homes in September reached an annual rate of about 468,000, a decrease of 11.5% compared with the revised August...
Black Knight: Home Price Appreciation Slowed More In August
U.S. home prices increased 0.3% in August compared with July and increased 5.5% compared with August 2014, according to Black Knight Financial Services'...
Ellie Mae: Average FICO Score On Closed Mortgages Falls To 723
The average credit score for loans closed in September fell to 723, down from 724 in August and down from 726 in September...
Veros: Home Prices To Increase 3.6% On Average Over Next 12 Months
Home prices are forecast to rise 3.6% from current values over the next 12 months, according to Veros Real Estate Solutions' third quarter...
Former White House IT Exec, MarketWise Founder Form RedWolf Cybersecurity Group
Former White House Cybersecurity Lead Auzzie Brown and MarketWise founder Jordan Brown have launched a new cybersecurity company, RedWolf Cybersecurity Group LLC, to...
HomeUnion Now Offering SFR Investment Properties In Tampa
HomeUnion, an online real estate investment management firm specializing in single-family rental (SFR) properties, now offers SFR investment properties in Tampa, Fla., and...
First Guaranty Mortgage Names Jane Gershman National Servicing Director
Jane Gershman has joined First Guaranty Mortgage Corp. (FGMC), a national mortgage lending firm that offers retail, correspondent and wholesale solutions, as its...
Mel Watt: New Single Security Platform To Go Live Next Year
Although he could not provide an exact date, Mel Watt, director of the Federal Housing Finance Agency (FHFA), said the new single security...