MISMO Seeks Participants to Help Standardize Pre-Closing Title Document Datasets
MISMO, the real estate finance industry's standards organization, is seeking participants for a new initiative focused on standardizing pre-closing title document datasets in order...
Housing Starts Fell Flat in October as Builders Faced Supply-Side Headwinds
Housing starts were at an annual rate of 1.52 million in October, down 0.7% compared with September but up 0.4% compared with October 2020,...
The Importance of Company Culture in 2022
BLOG VIEW: Company culture has always been important – both for employees and employers. It’s possible that it is even more important now in...
Health of FHA MMI Fund Has Improved Dramatically, Driven by Rising Home Prices
The health of the Federal Housing Administration (FHA) Mutual Mortgage Insurance Fund (MMI) continued to improve in 2021, according to the U.S. Department of...
LoanNEX Now Integrated With Encompass TPO Connect
LoanNEX, a provider of pricing and eligibility technology specializing in non-agency products, is now integrated with ICE Mortgage Technology’s Encompass TPO Connect.
The integration gives...
Cherry Creek Mortgage Promotes Watters to VP of Sales at Blue Spot Home Loans
Jody Watters has been promoted to vice president of sales and branch manager at Blue Spot Home Loans, Cherry Creek Mortgage’s consumer direct division.
Watters,...
How the Mortgage Industry Can Help Marginalized Communities Achieve Homeownership
BLOG VIEW: It is no secret that homeownership is a large part of the American dream, as it is the primary contributor to successful...
FHA Report to Congress Shows Capital Ratio Remains Above Statutory Minimum
The U.S. Department of Housing and Urban Development (HUD) has released its fiscal year 2021 report to Congress on the financial health of the...
NMI Holdings Promotes Multiple Executives and Announces COO Retirement
NMI Holdings Inc. has appointed Norm Fitzgerald, currently the company’s senior vice president and chief sales officer, as executive vice president and chief sales...
New Mortgage Consultancy Launched by Industry Veteran Brian Hale
Brian Hale, a seasoned mortgage industry executive with over 40 years of experience, has launched a new consultancy business, Mortgage Advisory Partners (MAP).
MAP’s focus...
Average Rate for a 30-Year Fixed-Rate Mortgage Dipped Back Below 3 Percent
The average rate for a 30-year fixed-rate mortgage (FRM) fell below 3% for the first time in weeks.
According to Freddie Mac’s Primary Mortgage Market...
CFPB to Closely Scrutinize How Mortgage Servicers Handle Borrowers Exiting Forbearance
As the COVID-19 related foreclosure moratoriums wind to a close and mortgage servicers brace for a potential wave of defaults, the Consumer Financial Protection...
Sourcepoint Acquires The StoneHill Group to Enhance Mortgage Portfolio
Sourcepoint, a Firstsource company, has entered into a definitive agreement to acquire The StoneHill Group. The acquisition enhances Sourcepoint's mortgage offerings with domain expertise...
Can Crypto Transform the MBS Market?
BLOG VIEW: Can a mortgage-backed security chain (MBSChain) combined with MBS crypto currency (MBSCoin) transform the MBS market for the better?
Absolutely. MBSChain is the...
Amrock Promotes Nicole Beattie to Replace Retiring CEO Brian Hughes
Amrock, a part of Rocket Companies, has announced the upcoming retirement of Brian Hughes, the company's CEO. Nicole Beattie, who currently serves as executive...
LO Compensation Dropped in Q3 as Refinance Volume Waned
Waning refinance volume in the third quarter resulted in a 17% year-over-year decrease in average compensation earned per LO, SimpleNexus’ Q3 2021 Mortgage Loan...
SimpleNexus Now Allows LOs to Gather Loan Information in Spanish
SimpleNexus, a homeownership platform designed for loan officers, borrowers, real estate agents and settlement agents, now allows users to gather initial loan information in...
Cherry Creek Mortgage Hires Ty Kern as Executive Managing Director
Ty Kern has joined Cherry Creek Mortgage, a nationwide, full-service mortgage lender, as executive managing director.
Kern has 30 years of mortgage industry experience. Previously,...
Unemployment Rate Fell to 4.6 Percent in October
The U.S. economy added 531,000 jobs in October - stronger than expectations - and the unemployment rate dropped to 4.6%, according to the U.S....
Guild Mortgage Launches Loan Program For Medical Professionals
Lender and servicer Guild Mortgage has introduced a new mortgage option designed to make it easier for medical professionals to buy their first home.
Under...