Cherry Creek Mortgage Adds Rick Hogle as Chief Revenue Officer
Rick Hogle has joined Cherry Creek Mortgage, a nationwide, full-service mortgage lender, as chief revenue officer.
Hogle brings a breadth of experience, proven leadership and...
Mortgage Applications Decrease 11 Percent in One Week
Mortgage applications decreased 11% on a seasonally adjusted basis from one week earlier, according to Market Composite Index data from the Mortgage Bankers Association’s...
Reducing Disparity in the Minority Homeownership Rate
Driven mainly by the pandemic and subsequent demand for detached single-family homes, the U.S. homeownership rate jumped to 65.5% in 2020, an increase of...
Fiserv, BeSmartee Launch Digital Mortgage Lending Platform
Fiserv Inc., a global provider of payments and financial services technology solutions, has debuted an intuitive digital mortgage lending platform. Digital Mortgage Center from...
Biden Administration Releases Federal Plan to Ease Housing Costs, Boost Market
President Biden has released a Housing Supply Action Plan to ease the burden of housing costs over time by boosting the supply of quality...
Guild Mortgage CashPass Program Enables Homebuyers to Make Cash Offers
Guild Mortgage has introduced CashPass, a new program to help homebuyers compete with all-cash offers in this competitive housing market. The program allows homebuyers...
Panorama Mortgage Integrates Vision Mortgage into Brand Group
Vision Mortgage Group has joined Panorama Mortgage Group (PMG), a multi-brand national mortgage company headquartered in Nevada. Mark Charlton will lead the company as...
Julia Gordon Confirmed as FHA Commissioner
After significant delays, Julia Gordon has been confirmed Assistant Secretary for Housing, Federal Housing Commissioner, Department of Housing and Urban Development.
Gordon was originally nominated...
Fannie Mae Releases Latest Sale of Non-Performing Loans
Fannie Mae’s latest sale of non-performing loans has been declared as part of the company's ongoing effort to reduce the size of its retained...
ATTOM: Nearly 45 Percent of Mortgaged Properties Were Equity-Rich in Q1 2022
The Q1 2022 U.S. Home Equity & Underwater Report from ATTOM shows that 44.9% of mortgaged residential properties in the United States were considered...
Otmane Laassel: How Mortgage Lenders Can Serve the Underserved
PERSON OF THE WEEK: As the mortgage industry and its regulators strive to bring homeownership to more borrowers throughout the country, many lenders are...
MBA: Mortgage Application Rate Grew by 2 Percent in One Week
Mortgage applications increased 2% on a seasonally adjusted basis from one week earlier, according to Market Composite Index data from the Mortgage Bankers Association’s...
Strong Job Gains in April, Unemployment Rate Flat at 3.6 Percent
The U.S. economy added 428,000 jobs in April, exceeding expectations, while the unemployment rate remained flat at 3.6%, according to the U.S. Bureau of...
Renovation: A Path to Fair Lending
Think the Community Reinvestment Act’s (CRA’s) focus on measuring how many loans are made to underserved, largely low- and moderate-income communities does not apply...
April Figures Show a 3.2 Percent Drop in Mortgage Credit Availability
Mortgage credit availability decreased in April according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes...
Xactus Taps James Owens as Chief Technology Officer
James Owens has joined Xactus, a provider of borrower verification solutions to the mortgage industry, as chief technology officer.
A seasoned IT professional with almost...
CoreLogic: Refinance Closing Costs Fell to Less Than 1 Percent of Loan Amount in...
CoreLogic’s ClosingCorp has released its second annual Refinance Closing Cost report for 2021. One of the key takeaways shows that the national average closing...
Intercontinental Exchange to Acquire Black Knight in Cash/Stock Deal Valued at $13.1 Billion
Less than two years after it acquired mortgage origination software firm Ellie Mae for $11 billion, Intercontinental Exchange (ICE), a global provider of data,...
Housing Market Sees Decrease in Mortgage Delinquencies in Q1 2022
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 4.11% of all loans outstanding at the...
Fixed-Rate Mortgage Jumps to 5.27 Percent Average
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage averaged 5.27% with an average...