Garris Horn Adds David G. Ross as Litigation Partner
David G. Ross has joined Garris Horn LLP, a boutique, virtual law firm focused on federal financial regulation, including TILA/RESPA/TRID, as litigation partner.
Ross has...
Case-Shiller: Home Price Growth Decelerated in May
Although the rate of growth is slowing, U.S. home prices continued to rise in May, increasing 1.0% on an adjusted basis compared with April...
Freddie Mac Reports Slight Change in Fixed-Rate Mortgage Averages
Freddie Mac’s Primary Mortgage Market Survey (PMMS) results show that the 30-year fixed-rate mortgage (FRM) averaged 5.3% as of July 28.
A week earlier, it...
Three Mortgage Companies Partner with Figure on HELOC Products
Three mortgage companies are signing on as white label partners for home equity line of credit (HELOC) offerings with Figure, a provider of home...
Xactus Acquires MassiveCert
Xactus, a provider of verification solutions to the mortgage industry, has acquired MassiveCert, offering residential national flood data and technology.
Terms of the deal were...
Pamela Stahl: Mortgage Lenders Must Prioritize the Protection of Personal Financial Data
PERSON OF THE WEEK: Mortgage lenders are increasingly using technology to streamline the lending process - however, as adoption grows, security issues remain a...
Renaissance Home Loans Taps Darren Russell as VP of Business Development
Mortgage industry veteran Darren Russell has joined Renaissance Home Loans, a South Florida-based mortgage originator, as vice president of business development.
Russell was most recently...
MBA Finds Homebuyer Affordability, Application Payments Remained Steady in June
The Mortgage Bankers Association's (MBA) Purchase Applications Payment Index (PAPI) shows homebuyer affordability was mostly unchanged in June, with the national median payment applied...
New Home Sales Plunged in June on Higher Mortgage Rates and Lack of Affordability
New home sales plunged in June as higher mortgage rates and lack of affordability dampened buyer demand. In addition, production slowed on lower builder...
House Passes Secure Notarization Act
The U.S. House of Representatives has passed the Secure Notarization Act (H.R.3962), which would authorize the use of remote online notarization (RON) and create...
Homebuying Hotspots with Sharp Price Escalation Vulnerable to Housing Downturn
Popular migration destinations where home prices soared during the pandemic are most likely to see the effects of a housing downturn amplified and home...
Pending Home Sales Dropped Nearly Nine Percent in June
The National Association of Realtors (NAR) reports pending home sales decreased in June, following a slight increase in May. All four major regions posted...
MBA: Housing Market Experiences Continued Decrease in Mortgage Applications
The Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey shows a decrease of 1.8% in mortgage applications on a seasonally adjusted basis from one...
OSB Community Bank Adds Nexus Closing by SimpleNexus to Support Hybrid Closings
OSB Community Bank, an Illinois-chartered commercial bank with loan officers operating out of branches in Ottawa, Marseilles and Morris, Ill., is now using Nexus...
Non-QM Wholesale Lender Emporium TPO Using OptifNow for CRM, Marketing Automation
Emporium TPO, a non-QM wholesale lender headed by mortgage banking veterans Steve Nadon and Daniel Goodwin, is now using OptifiNow as its marketing automation...
Empowering Buyers to Succeed in Today’s Market
BLOG VIEW: Homebuyers have been dealing with a difficult market for some time. Until recently, the mortgage industry has been satisfied to leave the...
Guild Mortgage Launches Loan Program That Uses Alternative Credit Data
Guild Mortgage has launched a new loan program that evaluates borrower eligibility using residual income analysis and rent payment history.
Guild’s Complete Rate program, powered...
June Numbers Show Slight Delinquency, Foreclosure Increase
Black Knight Inc.’s report on June 2022 month-end mortgage performance statistics shows the total U.S. loan delinquency rate (loans 30 or more days past...
Fannie Mae Executes Two CIRT Transactions of Single-Family Loans
Fannie Mae has executed its seventh and eighth Credit Insurance Risk Transfer (CIRT) transactions of 2022. As part of Fannie Mae's ongoing effort to...
First American: Rising Mortgage Rates, Stagnant Incomes Create Home Affordability Crisis
First American Financial Corp.’s May 2022 First American Real House Price Index (RHPI) shows real house prices increased 50.8% year over year but median...