Applications For New Home Purchases Plummet By 9%
The number of applications for new home purchases went down in August by 9% compared to July, the Mortgage Bankers Association (MBA) reports....
Altisource Launches New Cooperative For Wholesale Mortgage Industry
Altisource Portfolio Solutions SA, a marketplace and transaction solutions provider for the real estate and mortgage industries, has introduced a new cooperative called...
NTC Hits Industry Milestone For Electronic Recordation
Nationwide Title Clearing Inc. (NTC), a research and document-processing provider for the mortgage and financial industry, says it has hit an important milestone...
Assure360 Acquired By Holding Company
Mortgage technology provider assure360 has been acquired by investment group ARMA Acquisition. In addition, assure360 is expanding its service offerings to law firms...
Morgan Stanley To Pay $95 Million To Settle Faulty RMBS Claims
Morgan Stanley will pay $95 million to settle claims brought by investors that the bank sold them faulty residential mortgage-backed securities (RMBS) in...
‘Access To Affordable Mortgages Act’ Introduced In The House
Hey, look, it's another bill with the word 'affordable' in its title. Rep. Blaine Luetkemeyer, R-Mo., recently introduced the Access to Affordable Mortgages...
Rule Change Eliminates ‘Prepayment Penalty’ On FHA-Backed Mortgages
Borrowers who prepay their Federal Housing Administration (FHA)-insured mortgages will not have to make interest payments beyond the date their mortgage is paid...
Richey May: Independents Saw Production Increase 50% In Q2
Loan production among independent mortgage bankers increased 50% in the second quarter, compared to the first quarter, according to Richey May & Co.'s...
MBA Promotes Two To COO, SVP Roles
The Mortgage Bankers Association (MBA) announced some staffing changes this week, including the promotion of Marcia M. Davies to chief operating officer (COO)...
Freddie Mac: Mortgage Rates Holding Steady
Mortgage rates continued to hold steady during the week ending Sept. 4, according to Freddie Mac's Primary Mortgage Market Survey. In fact, mortgage...
MortgageFlex Partners With Lenders Compliance Group
MortgageFlex Systems Inc., offering loan origination and servicing technology, is partnering with Lenders Compliance Group Inc., a national mortgage risk management firm, to...
FHFA Wants To Change The Rules For FHLB Membership
The Federal Housing Finance Agency (FHFA) is requesting comments on a proposal to change the requirements for financial institutions in applying for, and...
Mortgage Credit Availability Decreased Slightly In August
Mortgage credit availability decreased slightly in August; however, there was some loosening in certain segments of the purchase market, according to the Mortgage...
DeMarco Takes New Job As Senior Fellow At The Milken Institute
Edward J. DeMarco, who stepped down from his post as deputy director of the Federal Housing Finance Agency (FHFA) in April, has reportedly...
DocMagic Facilitates One Of The First E-Closings Of A VA-Backed Mortgage
DocMagic Inc. continues to drive the development of the e-mortgage, having recently facilitated a paperless loan closing of a mortgage backed by the...
New Penn Financial Expands Footprint With Acquisition Of Shelter Mortgage
In a move that will significantly expand its share of the mortgage market and double the size of its retail channel, New Penn...
Urban Financial Of America Intros New Jumbo Reverse Mortgage Product
With an aim of helping struggling American seniors to 'age in place,' Urban Financial of America (UFA) has introduced a new jumbo reverse...
MBA: Refinance Applications Up Last Week On Lower Rates
Applications for refinances increased 1%, on an adjusted basis, during the week ending Aug. 29, while applications for purchases fell 2%, according to...
CoreLogic: U.S. Home Prices Up 1.7% In July
U.S. home prices increased 1.7% in July compared to June, including distressed sales; however, they are forecast to increase only 0.6% from July...
CFPB Names New Senior Leaders, Advisory Board And Council Members
The Consumer Financial Protection Bureau (CFPB) has appointed several new leaders within the bureau, as well as new consumer finance experts from outside...