Xactus Hires Ross Gloudeman as General Counsel and Chief Compliance Officer
Ross Gloudeman has joined Xactus, a provider of borrower verification solutions to the mortgage industry, as general counsel and chief compliance officer.
Gloudeman has expertise...
Market More Balanced with Recent Sellers Accepting Buyer-Friendly Terms
According to a new Realtor.com survey, 92% of people who sold their home within the last year accepted some buyer-friendly terms and 41% accepted...
Michael Hughes: The Importance of Lending Technology in the Recruiting Process
PERSON OF THE WEEK: As mortgage volume continues to contract, lenders are reducing staff and releasing excess capacity. However, they are still recruiting aggressively...
Ginnie Mae Mortgage-Backed Securities Portfolio Grows to $2.252 Trillion
Ginnie Mae’s outstanding mortgage-backed securities (MBS) portfolio grew for the 13th consecutive month in July, hitting $2.252 trillion, up from $2.229 trillion in June...
RHPI Increases Over 50 Percent Year Over Year, First American Reports
First American Financial Corp.’s June 2022 First American Real House Price Index (RHPI) shows that real house prices increased 53.3% between June 2021 and...
Zillow: ARM Borrowers Trend More Affluent, Place Larger Down Payments
Adjustable-rate mortgages (ARM) are becoming more common as home buyers hunt for ways to save money with today's higher mortgage rates. Rather than buyers...
ATTOM Report Shows Refinance Activity Dropped by Double Digits in Q2 2022
ATTOM’s Q2 2022 U.S. Residential Property Mortgage Origination Report shows that 2.39 million mortgages secured by residential property (1-4 units) were originated in the...
Blend Introduces Automated Instant Home Equity Solution
Blend, a cloud banking software provider, has debuted Instant Home Equity, an automated end-to-end digital home equity product for lenders. The comprehensive solution integrates...
RON Services Launched in Texas by Network Transaction Solutions
Network Transaction Solutions (NTS) recently introduced its RON (remote online notarization) services in Texas.
The multi-state provider of title support services reports that it has...
Pending Home Sales Continued to Slow in July
Pending home sales dipped 1.0% in July compared with June and were down 19.9% compared with July 2021, according to the National Association of...
NAR: Typical Mortgage Payments Increase by 54 Percent in One Year
In June, housing affordability plummeted to its lowest level since 1989, according to the National Association of REALTORS. Accounting for a 30-year fixed-rate mortgage...
Flagstar Continues Loan Servicing Contract with Black Knight
Flagstar Bank has signed a contract extension to continue using the Black Knight MSP loan servicing system, a comprehensive, end-to-end loan servicing system that...
SingleSource Property Solutions Launches New Standardized Attorney Opinion Letter
SingleSource Property Solutions, a provider of property services supporting the U.S. housing industry, has launched the SingleSource Attorney Conclusion of Title (ACT), a standardized...
Fannie Mae ESR Group Expects Large Decrease in Total Home Sales
Tightening monetary policy and elevated inflation remain the primary causes of a stagnating economy despite strong job growth, according to August 2022 commentary from...
Applications Dropped by Nearly 16 Percent Since June 2021, MBA Finds
Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for July 2022 shows mortgage applications for new home purchases decreased 16.1% compared from a...
Commercial, Multifamily Originations Increase 19 Percent from Q2 2021 to 2022
Commercial and multifamily mortgage loan originations increased 19% in the second quarter of 2022 compared to the same period last year, reports the Mortgage...
First American Debuts New AVM for Lenders
First American Data & Analytics, a division of First American Financial Corp., has debuted Procision, a new automated valuation model (AVM) suite that uses...
Housing Supply Reaches Balancing Point with Decreasing Listings, Buying
The housing market slowdown is starting to slow down, according to a new report from Redfin. Fewer homeowners are listing their homes due to...
Promontory MortgagePath Hires John Gust as Director of Product Management
John Gust has joined Promontory MortgagePath, a provider of digital mortgage and fulfillment solutions, as director of product management.
Gust has more than 18 years...
New Closing Fee Calculator From LodeStar Integrated With Encompass
LodeStar Software Solutions, a national provider of closing fee-related compliance tools for mortgage lenders, has launched LodeStar Connect, a closing fee calculator for mortgage...