Rob Pajon: Mortgage Servicers Must Focus on Efficiency as Delinquencies Rise
PERSON OF THE WEEK: A lot has happened in the mortgage industry during the past 15 years - but perhaps nothing has been harder...
Ocwen Folding Texas Capital Bank Correspondent Business Into PHH Mortgage
Non-bank mortgage servicer and originator Ocwen Financial Corp. is acquiring the correspondent lending business of Texas Capital Bank - a unit that originated $2.4...
Mr. Cooper Working with Google to Digitize Core Mortgage Process
Mr. Cooper Group Inc. and Google Cloud have partnered to create a customer-centric digital mortgage servicing platform powered by advanced automation technologies such as artificial...
Mortgage Refinance Activity Back on the Rise Last Week as Rates Dropped
Mortgage application volume jumped 8.6% on a seasonally adjusted basis last week on lower rates and surging spring home sales, the Mortgage Bankers Association's...
Planet Home Lending Appoints Bosley President, Mortgage Lending
National lender and servicer Planet Home Lending has named John Bosley president, mortgage lending, tasked with leading the company's origination, fulfillment, correspondent and capital markets...
Fifth Third Names Jay Plum EVP and Head of Mortgage
Fifth Third Bank has hired Jay Plum in the role of executive vice president and head of mortgage, tasked with helping lead the bank’s...
Cherry Creek Mortgage Announces Two Hires and a Promotion
Dave Sale has been named vice president of vendor management at Cherry Creek Mortgage, a subsidiary of Cherry Creek Holdings and a nationwide, full-service...
Housing Starts Jumped in March, Helping to Address Nagging Inventory Issue
Housing starts jumped almost 20% in March compared with February, reaching a seasonally adjusted annual rate of 1.739 million, according to the U.S. Census...
LoanLogics Launches LoanLogics IDEA for MSR Transfer
LoanLogics, which offers loan quality technology for mortgage manufacturing and loan acquisition, has released LoanLogics IDEA for MSR Transfer, a new solution that automates...
Mortgage Rates Fall For Second Straight Week
Mortgage rates dropped for a second straight week, as the average rate for a 30-year, fixed-rate mortgage plummeted to 3.04%, down from 3.13% last...
Mortgage Applications Fell 3.7 Percent Despite Dip in Rates
Mortgage application volume decreased 3.7% on an adjusted basis during the week ended April 9, with applications for refinances falling 5% and applications for...
Freddie Mac Anticipates Mortgage Market to Be ‘Generally Favorable’ into 2022
According to Freddie Mac’s most recent quarterly forecast, conditions will remain generally favorable for the housing and mortgage market through 2022 as the economy...
Homepoint Taps Former Fannie Mae Pro to Lead Internal Audits
Mortgage originator and servicer Homepoint has appointed Noelle Lipscomb as the company's chief audit executive, overseeing the review, monitoring and evaluation of the company's financial, operational and compliance internal...
Paresh Deshpande: Mortgage Lenders Must Measure Engagement Across All Digital Channels
PERSON OF THE WEEK: The impact of the pandemic, coupled with a strong economy and low mortgage rates, propelled mortgage origination volume to new...
Mortgage Bankers Saw Margins Improve Dramatically in Banner 2020
Mortgage bankers made an average profit of $4,202 on each loan they originated in 2020, up significantly from $1,470 in 2019, according to the...
Sprout Mortgage Hires Laura C. LaRaia as EVP, General Counsel and Chief Compliance Officer
Laura C. LaRaia has joined non-QM mortgage lender Sprout Mortgage as executive vice president, general counsel and chief compliance officer.
LaRaia has more than two...
RoundPoint Mortgage Appoints Trio of New Executives
RoundPoint Mortgage, a company focused on mortgage origination, servicing and subservicing, has named Patrick McEnerney CEO, Joseph M. Gormley chief administrative officer, and Scott Bristol executive vice president...
Mortgage Rates Drop For First Time in Seven Weeks
Mortgage rates edged down this week, with the average rate for a 30-year fixed-rate mortgage falling to 3.13%, down from 3.18% last week, according...
Mortgage Credit Increased in March With Jumbo Availability Making Strong Rebound
Mortgage credit availability increased in March, rising 0.6% compared with February to reach a score of 125.4 on the Mortgage Bankers Association’s (MBA) Mortgage...
LERETA Announces Integration with Black Knight’s MSP
LERETA, a national provider of real estate tax and flood services for mortgage servicers, reports that its tax reporting technology is now integrated with...