NAR: Existing-Home Sales Increased 2.0% In July
Existing-home sales increased in July to a seasonally adjusted annual rate of 5.59 million, an increase of 2.0% compared with a downwardly revised...
Ocwen Teams With Community Organizations To Aid Distressed Homeowners
Home retention agents from Ocwen Financial Corp. will be on hand to help educate distressed borrowers about alternatives that can help them stay...
Ginnie Mae Reports Record-Breaking Volume In July
Ginnie Mae reports that it guaranteed $47.06 billion in mortgage-backed securities (MBS) in July, surpassing the record set in July 2009 of $46.1...
DocMagic Names Gavin T. Ales Chief Compliance Officer
DocMagic Inc., a provider of loan document preparation, compliance, e-sign and e-delivery solutions to the mortgage industry, has added Gavin T. Ales to...
New Tool Will Help Lenders More Effectively Market To Prospects
One of the challenges for mortgage lenders in this current environment is that many consumers don't think they qualify for mortgage or home...
Ellie Mae: Purchase Volume Climbed To 63% Of All Loans In July
Lenders' share of purchase loan volume increased in July to 63%, up from 61% in June and up from 48% in January, as...
MBA: Mortgage Application Volume Up 3.6%
After rising just 0.1% the previous week, mortgage application volume increased 3.6% on an adjusted basis during the week ended Aug. 14, according...
Single-Family Housing Starts Jumped Almost 13% In July
Housing starts in July reached a seasonally adjusted annual rate of about 1.2 million, a 0.2% increase compared to the revised June estimate...
MCS Valuations Consolidates Operations
MCS Valuations (MCSV), a nationwide provider of appraisals, broker price opinions and other valuation-related products, will be moving its operations into the Plano,...
First American Updates PredProtect For TRID
First American Financial Corp.'s Mortgage Solutions group has updated its PredProtect compliance engine for compliance with the Consumer Financial Protection Bureau's TILA-RESPA Integrated...
FNC: U.S. Home Prices Increased 1.2% In June
U.S. home prices continued to increase during the three-month period ended in June, according to FNC's residential price index. According to the firm,...
Newly Created MC Home Loans Opens Manhattan Office
MC Home Loans, a New York City-based mortgage bank spearheaded by 30-year industry veteran Melissa Cohn, recently opened its flagship office in midtown...
Lenders Need Specific QC Audits For Niche Products
A top executive from a well-known mortgage software company is advising lenders to develop unique quality control (QC) audits for each of the...
MBA: Applications For New Home Purchases Fell In July
There's plenty of demand for new, single-family homes; however, there aren't that many around to buy because developers still think it's too risky...
Valuation Partners Introduces New Appraisal Process For Purchase Transactions
Valuation Partners, an appraisal management company based in Sugar Land, Texas, has developed a new purchase appraisal process in order to provide fast,...
Carrington Mortgage Adds Dennis Hueman In New Senior Vice President Role
Industry veteran Dennis Hueman has joined Carrington Mortgage Services, a residential retail and wholesale lending subsidiary of Carrington Holding Co., to serve as...
DocMagic: SmartCLOSE Set For Launch In August
DocMagic reports that the company's new SmartCLOSE collaborative closing portal solution has undergone extensive testing by lenders, settlement providers and other parties involved...
Freddie Mac: Fixed Mortgage Rates Inched Back Up
Fixed mortgage rates reversed course and inched higher for the first time in four weeks during the week ended Aug. 13, according to...
Mortgage Network Hires Industry Veterans Edward Wilson And Stan Reinford
Edward Wilson and Stan Reinford have joined Danvers, Mass.-based Mortgage Network Inc., one of the largest independent mortgage lenders in the eastern U.S.,...
LoanDepot Introducing Home Equity Loans
Non-bank lender LoanDepot, headquartered in both California and Texas, says it will now provide home equity products in addition to its current offerings....