MBA’s Michael Fratantoni Promoted To Chief Economist
Michael Fratantoni, currently vice president, single-family research and policy development at the Mortgage Bankers Association (MBA), has been promoted to chief economist and...
MISMO Reference Model Version 3.3 Released For Public Comment
The Mortgage Industry Standards Maintenance Organization (MISMO), the voluntary standards development body for the mortgage industry, this week introduced version 3.3 of the...
Gilster Named Chair Of MISMO’s Residential Standards Governance Committee
Randy Gilster, senior vice president of business capability development at Wells Fargo Home Mortgage, has been selected to serve as chairman of the...
One In Five Mortgages Would Not Meet Safe Harbor, Test Shows
One in five mortgages issued today would not qualify for safe harbor under Dodd-Frank, according to a new report from ComplianceEase, which offers...
MBA Hires New VP Of Membership
Tricia Migliazzo, formerly director of business development/capital markets/AFO for Lenders One/Altisource Portfolio Solutions, has joined the Mortgage Bankers Association (MBA) as vice president...
Fannie Mae To Increase Down Payment Requirement To 5%
Fannie Mae is scheduled to implement changes to its Desktop Underwriter (DU) system on Nov. 16 that will make it harder for some...
Ellie Mae: Lenders Eased Standards In September
Banks and other lending institutions continued to relax their lending standards in September, as evidenced by data collected in Ellie Mae's Origination Insight...
MBA: Shutdown Impacted Pending Mortgage Application Volume
Mortgage application volume increased 0.3% for the week ending Oct. 11, on an adjusted basis, compared to the week prior, according to the...
MIC To Lay Off 500 Workers And Stop Issuing VA Loans
Mortgage Investors Corp. (MIC), one of the largest refinancers of home loans for veterans, has reportedly laid off nearly 500 workers, including 256...
SunTrust Settles Mortgage Claims For More Than $1 Billion
SunTrust Banks Inc. said Thursday that it had agreed to settle claims by the U.S. Justice Department and the U.S. Department of Housing...
Embrace Home Loans Launches Correspondent Lending
Middletown, R.I.-based Embrace Home Loans, a direct lender for Fannie Mae and Freddie Mac, an approved Federal Housing Administration and Veterans Affairs lender,...
QuestSoft To Supply Compliance Products For Calyx Customers
QuestSoft, a provider of automated mortgage lending compliance software, has entered into an agreement with Calyx Software to provide QuestSoft's line of compliance...
Data-Vision To Release Electronic Signing Solution
Data-Vision Inc., a provider of Internet lending technologies, will release RemoteSigned, a new electronic signing solution. According to Data-Vision, RemoteSigned will allow documents...
Cherry Hill Mortgage IPO Completed
Freedom Mortgage Corp. recently closed its initial public offering (IPO) of 6.5 million shares of common stock of its strategic alliance partner, Cherry...
Stonegate Mortgage Raises $180.6 Million Through IPO
Indianapolis-based Stonegate Mortgage Corp. reportedly raised about $180.6 million through its initial public offering on the New York Stock Exchange on Thursday. Fast-growing...
NAR: Without Debt Limit Raise, Disaster May Strike
Defaulting on the nation's federal debt could be disastrous for the U.S. economy and catastrophic for the housing recovery, according to the National...
Yellen’s Nomination Had Little Effect On Mortgage Rates
What effect did President Obama's nomination of Janet Yellen as the next Federal Reserve chairman on Wednesday have on mortgage interest rates? Not...
Fannie Finalizes Credit Risk Deal With National MI
Fannie Mae reports that it has finalized an agreement with National Mortgage Insurance Corp. (National MI) on a transaction to provide credit risk...
Obama Nominates Yellen To Succeed Bernanke
It's official: President Barack Obama has nominated Federal Reserve Vice Chair Janet Yellen to replace Chairman Ben Bernanke, whose second term ends on...
CFPB Fines Mortgage Master, Washington Federal For HMDA Violations
The Consumer Financial Protection Bureau (CFPB) has ordered two lenders to pay civil penalties over alleged violations of the Home Mortgage Disclosure Act...