Plaza Home Mortgage Promotes Michael Fontaine and Michelle Richardson to New Leadership Roles
Michael Fontaine has been promoted to co-president of Plaza Home Mortgage, where he will also continue as chief operating officer.
In addition, Michelle Richardson has...
Home Prices Continued to Rise in February But Slowdown is Expected
U.S. home prices increased 1.2% in February compared with January and were up 10.4% compared with February 2020, according to CoreLogic.
That’s the highest level...
Embrace Home Loans Taps Jason Will as SVP of Market Growth
Jason Will has joined Embrace Home Loans as senior vice president of market growth, a newly-created role at the company.
Will has more than 20...
Mortgage Applications Fall as Rates Continue to Rise
Mortgage application volume decreased 5.1% during the week ended April 2, as mortgage rates continued their upward trend, according to the Mortgage Bankers Association's...
Jim Leath: Advancements in Data and Technology Continue to Change the Mortgage Industry
PERSON OF THE WEEK: Without question, technology has been a huge game changer for the mortgage industry. As the pandemic has demonstrated, borrowers today...
Homespire Mortgage Opens Atlanta Branch
National residential mortgage lender Homespire Mortgage has opened a new branch office in Atlanta that will be led by mortgage industry veteran Ryan Jacobs, formerly of...
What Does Your Recruiting Marketing Say About Your Company
BLOG VIEW: Mortgage companies spend millions of dollars every year selling their services to consumers via modern digital marketing. And the industry is using...
CFPB Trying to Get Ahead of Huge Numbers of Borrowers Exiting Forbearance
The Consumer Financial Protection Bureau (CFPB) has issued a notice of proposed rule-making that is intended to help prevent avoidable foreclosures as the emergency...
U.S. Economy Added 916K Jobs in March
The U.S. economy added 916,000 jobs in March and the unemployment rate edged down to 6.0%, according to the U.S. Bureau of Labor Statistics.
Job...
Mortgage Rates Flat as Affordability Concerns Grow
Mortgage rates were basically flat this week, with the average rate for a 30-year fixed-rate mortgage at 3.18%, up slightly from 3.17% last week,...
NAR: Pending Home Sales Down a Bit, But Demand Remains High
Pending home sales were down for a second straight month in February, with the National Association of Realtors’ Pending Home Sales Index (PHSI) dropping...
Home Prices in January Saw Largest Annual Gain Since 2006
U.S. home prices increased 1.2% on an adjusted basis in January compared with December and were up 11.2% compared with January 2020, according to...
Mortgage Applications Fall for a Fourth Consecutive Week
Mortgage application volume decreased for a fourth straight week during the week ended March 26, dropping 2.2% compared with the previous week, according to...
NewRez Taps Michael Iorio as Joint Venture Senior Division Manager
Michael Iorio recently joined NewRez, a national mortgage lending and servicing organization, as senior division manager within the joint venture lending division.
Iorio has a...
Tina Johnson: How the Mortgage Industry Can Better Serve Low-to-Moderate Income Communities
PERSON OF THE WEEK: Mortgage lenders must make it their mission to actively reach out to underserved markets, including low-to-moderate income communities. Lenders have...
MBA: Share of Mortgages in Forbearance Finally Drops Below 5 Percent
The most recent Mortgage Bankers Association (MBA) Forbearance and Call Volume Survey shows that the number of loans now in forbearance decreased by 9...
PHH Taps New SVP to Run Correspondent Lending Channel
PHH Mortgage, a non-bank mortgage servicer and originator and subsidiary of Ocwen Financial Corp., has hired Andy Peach as senior vice president, correspondent lending.
In this...
ClosingCorp: Average Closing Costs Accounted for Less Than One Percent of Loan Amount in...
The average closing costs for a single-family residential property refinance in 2020 were $3,398 including taxes - $2,287 excluding taxes - according to ClosingCorp,...
STRATMOR Group: Lenders Face Major Staffing, Productivity and Compensation Challenges
Mortgage operations executives are encountering challenges not only with maintaining productivity but measuring it as well, according to STRATMOR Group's March 2021 Insights Report....
Rate of Defects in Mortgage Applications Jumped in Q3 Due to Surging Purchases
Due to increasing purchase volume, the rate of critical defects in mortgage applications increased 25% in the third quarter of 2020 compared with the...