Mortgage Coach Adds Debt Consolidation Strategies
Mortgage Coach has added debt consolidation strategies in the Total Cost Analysis (TCA) presentation, allowing loan originators to educate consumers on lower interest debt...
Maxwell Launches New Offering That Combines Due Diligence and Quality Control Services
Maxwell, which offers a blend of digital mortgage software and services, has released MaxDiligence, a new offering that provides due diligence and quality control...
Ross Mortgage Hires Sheri Crump as VP of Mortgage Lending Operations
Sheri Crump recently joined Ross Mortgage Corp., a full-service residential mortgage lender, as vice president of mortgage lending operations.
Crump has 28 years of mortgage industry...
Paul Gigliotti: Mortgage Industry Needs to Get More Diversity Into Recruiting Pipelines
PERSON OF THE WEEK: Mortgage lenders and servicers have made great strides during the past 10 years or so in terms of fostering diversity,...
Matt Hansen, Founder of SimpleNexus, Steps Down as CEO
Matt Hansen, founder and CEO of SimpleNexus, a mortgage origination platform for loan officers, borrowers, real estate agents and settlement agents, is stepping down...
Mortgage Bankers Saw Average Profit Per Loan Dip in Q1
Mortgage bankers earned a net gain of $3,361 on each loan they originated in the first quarter, down from $3,738 in the fourth quarter...
Unemployment Rate Fell to 5.8 Percent in May
The U.S. economy added 559,000 jobs in May, a majority of them in the leisure and hospitality category, as the unemployment rate dropped to...
Average Rate For 30-Year Mortgage Continues to Hover Around 3 Percent
The average rate for a 30-year, fixed-rate mortgage inched up slightly this week but remains below 3% at 2.99%, according to Freddie Mac’s Primary...
Ncontracts Hires Rafael DeLeon, Formerly with OCC, as SVP of Industry Engagement
Office of the Comptroller of the Currency (OCC) veteran Rafael (Ralph) DeLeon has joined Ncontracts, a provider of integrated risk management and lending compliance solutions...
Eleventh Circuit Decision in Hunstein Places Debt Collection Business Models at Risk
BLOG VIEW: On April 21, 2021, the U.S. Court of Appeals for the Eleventh Circuit issued an opinion in Hunstein vs. Preferred Collection and...
Pending Home Sales Fell in April Compared with March
Pending home sales fell 4.4% in April compared with March but were up 51.7% compared with April 2020, according to the National Association of...
Cherry Creek Mortgage Promotes David Arnett to CMO
David Arnett has been promoted to chief marketing officer at Cherry Creek Mortgage, where he will continue to oversee the company’s brand while expanding...
Freddie Mac Taps Industry Veteran Michael J. DeVito as its New CEO
Michael J. DeVito is the new CEO of Freddie Mac, effective June 1.
Interim CEO Mark B. Grier will resume his duties as a full-time...
Guaranteed Rate Hires Paul Concannon as an SVP of Mortgage Lending
Paul Concannon has joined Guaranteed Rate, one of America’s top 5 retail mortgage lenders, as a senior vice president of mortgage lending in Baltimore and...
Average Rate for 30-Year Mortgage Dips Below 3 Percent – Yet Again
Mortgage rates continued to seesaw this past week, with the average rate for a 30-year, fixed-rate mortgage dipping just below 3%, Freddie Mac’s Primary...
Sandra Jarish: The Challenges of Opening a New Mortgage Servicing Center During a Pandemic
PERSON OF THE WEEK: What’s it like opening a new mortgage servicing center during a pandemic?
To find out, MortgageOrb recently interviewed Sandra Jarish, president,...
Mortgage Applications Tumble on Slightly Higher Rates
Mortgage application volume plummeted 4.2% on an adjusted basis during the week ended May 21, as mortgage rates edged up slightly, according to the...
Home Prices Saw Largest Annual Gain Since 2005 as Affordability Concerns Rise
U.S. home prices continued to surge in March, rising 1.5% on an adjusted basis compared with February and jumping a whopping 13.2% compared with...
Stewart Information Services Acquires Cloudvirga
Stewart Information Services Corp. has acquired Cloudvirga, a fintech company focused on digital mortgage solutions.
“Combined with our newly acquired capabilities such as RON, a...
Genworth Mortgage Holdings Becomes Enact Holdings
Private mortgage insurance provider Genworth Mortgage Holdings Inc. (Genworth MI) has rebranded as Enact Holdings Inc., operating as a subsidiary of Genworth Financial Inc.
"This...