Deephaven Mortgage Hires Andy Spicer as Vice President of Client Development, Correspondent
Andrew “Andy” Spicer recently joined non-agency lender Deephaven as vice president of client development, correspondent.
Spicer has more than 30 years of correspondent and wholesale...
Existing-Home Sales Fell 2.7% in April Compared with March But Remain Up Year-Over-Year
Existing-home sales dropped 2.7% in April compared with March but were up 33.9% compared with April 2020, data from the National Association of Realtors...
New Jumbo AUS Program Introduced by Plaza Home Mortgage
Plaza Home Mortgage recently announced a new jumbo mortgage program—Jumbo AUS—that offers fixed rate mortgages up to $2 million using the new Qualified Mortgage...
New Mortgage Education and Training Program Launches
AXIS Lending Academy, a non-profit education program that offers free hybrid education training to people seeking a career in the mortgage industry, recently launched.
The...
Angel Oak Opens Four More Locations in Georgia, Maryland, Texas and North Carolina
Angel Oak Home Loans, which specializes in non-QM loans but also offers broad suite of other mortgage products, recently opened new branches in Waynesboro,...
Mortgage Rates Back on the Rise as Average Rate for 30-Year Hits 3 Percent
Mortgage rates increased slightly this week, bringing the average rate for a 30-year fixed-rate mortgage to 3.00%, up from 2.94% last week, according to...
Abhinav Asthana: The Pandemic Has Reshaped Homeownership, and Mortgage Lenders Must Adjust
PERSON OF THE WEEK: The pandemic has reshaped the housing market. Millennials who are financially positioned to buy a home are desperately searching among...
Fannie Mae: For Mortgage Finance, Inflation Is Cause for Concern Heading Into 2022
New analysis from Fannie Mae’s Economic and Strategic Research (ESR) Group suggests that home sales in 2021 will increase 6.3 percent as the industry...
Housing Starts Fell in April But Remain Up Compared to Last Year
Housing starts in April were at a seasonally adjusted annual rate of 1.569 million, a decrease of 9.5% compared with March but up 67.3%...
8 Red Flags Indicating Fair Lending Risk
Risk management is all about identifying, measuring, monitoring and controlling risk, and fair lending risk is no exception.
Here are eight red flags that may...
DataVerify Enhances Risk Mitigation Abilities with Dytrix Partnership
DataVerify, a provider of workflow solutions, data verification and risk mitigation services to the mortgage industry, has agreed to an association with Dytrix Inc....
Embrace Home Loans Hires Stephen Adamo as President of National Retail Production
Stephen Adamo has joined Embrace Home Loans as president, national retail production.
Prior to joining Embrace, Adamo served as executive vice president, head of U.S....
Homespire Mortgage Hires Dave Purdy as Regional Manager, Southwest
Dave Purdy has joined national residential mortgage lender Homespire Mortgage as Southwest Regional Manager.
Purdy has nearly three decades of mortgage industry experience. He is...
SimpleNexus eClose Now Supports Remote Online Notarization; Initially Partnering with Notarize
SimpleNexus eClose now supports remote online notarization (RON), enabling lenders to efficiently conduct fully-digital e-closings.
SimpleNexus eClose brings together borrowers, lenders, settlement agents and notaries...
Sales Boomerang Expands Integration with Insellerate
Sales Boomerang, an automated borrower intelligence and retention system, has expanded its integration with lmortgage customer experience platform Insellerate.
By combining loan opportunity alerts from...
Mortgage Applications Increased on Lower Rates During Week Ended May 7
Mortgage application volume increased 2.1% on a seasonally adjusted basis during the week ended May 7, as mortgage rates fell, according to the Mortgage...
Average Rate For 30-Year Mortgage Continues to Hold at Under 3 Percent
Mortgage rates fell for a third straight week, with the average rate for a 30-year fixed-rate mortgage dipping to 2.94%, down from 2.96% last...
Applications for New Home Purchases Dropped 9 Percent in April, Month Over Month
Applications for mortgages for new home purchases decreased 9% in April compared with March but were nonetheless up 30.8% compared with April 2020, according...
Quicken Loans Becoming Rocket Mortgage This Summer
Mortgage lender Quicken Loans says it will officially change its name to Rocket Mortgage on July 31.
The company says the change “will bring alignment to the overall...
Early-Stage Delinquencies Continue to Improve, But Serious Delinquencies Remain a Concern
Although the overall mortgage delinquency rate remains up from a year ago, due to the economic impact of the pandemic, it continues to improve...