Daniel Jacobs: Regulations Have Made Retail Mortgage Business ‘Far More Stable’
PERSON OF THE WEEK: Daniel Jacobs is executive vice president and managing director of retail for MiMutual Mortgage, a privately held retail and wholesale...
HARP Extended Again, This Time As A ‘Bridge’ To A New Program
This time around, the program is being extended in order to create a "bridge" to a new high loan-to-value streamlined refinance offering that will essentially replace HARP.
Fannie, Freddie Update Standard Mortgage Application Form
It is the first update for the form in more than 20 years.
CoreLogic: Mortgage Originations Increased 30% To Nearly $1.8 Trillion In 2015
Mortgage origination volume reached nearly $1.8 trillion in 2015 - an increase of about 30% compared with 2014, according to CoreLogic's MarketPulse report.
"Mortgage originations...
Making The Most Of EAD
BLOG VIEW: In recent years, change has been synonymous with challenge. Although many regulatory changes have created added burdens for lenders and other mortgage industry...
Black Knight: Delinquencies Up, Foreclosure Starts Down In July
Black Knight notes that prepayment activity fell in July despite overall growth in the number of refinance candidates and 30-year interest rates remaining at or below 3.45% for much of the month.
MBA: Q2 Mortgage Delinquency Rate Lowest In 10 Years
Delinquencies on mortgage loans (30 days or more past due but not in foreclosure) on one-to-four-unit residential properties were at a rate of about...
Housing Starts Rise For Third Consecutive Month
Housing starts were at a seasonally adjusted annual rate of about 1.211 million in July - an increase of 2.1% compared with about 1.186...
Bill Canfield: FHA Handbook Changes Require Servicers To Review QC Practices
PERSON OF THE WEEK: Bill Canfield is compliance consulting specialist with Wolters Kluwer, a firm that provides software solutions and expertise to help tax,...
Getting The Most Out Of Online Originations
BLOG VIEW: Increasingly, shopping is being done online these days - and shopping for a mortgage is no exception. Millennials, in particular, are likely...
TIAA Buys EverBank For $2.5 Billion
EverBank, offering a diverse range of consumer and commercial banking services, including residential mortgages, has been acquired by TIAA for $2.5 billion in a...
Jeffrey Brother: Finding Success Through Proper LO Support
PERSON OF THE WEEK: Jeffrey Brother is a Dallas-based branch manager for Embrace Home Loans, a direct lender for Fannie Mae and Freddie Mac,...
Keith Guenther: Mortgage Companies To Further Consolidate Their Technology And Services
PERSON OF THE WEEK: Keith Guenther is CEO and founder of USRES and RES.NET, offering real estate owned (REO) disposition, default valuations services and...
Mid America Mortgage Completes Its First E-Closing, E-Note
Mid America Mortgage reports that it has completed its first e-closing and e-note through its retail origination channel.
From here, the lender intends to expand...
Why Mortgage Rates Aren’t Going Up Anytime Soon
BLOG VIEW: Mortgage rates have been consistently below 4% since New Year's Eve, and there's no reason to think they will suddenly soar. If...
CFPB Outlines Proposed Changes To TRID Rule
In order to provide greater clarity and certainty for mortgage lenders, the Consumer Financial Protection Bureau (CFPB) is proposing updates to its Know Before...
New Home Sales Up 25.4% Compared With One Year Ago
New home sales were at a seasonally adjusted annual rate of about 592,000 as of the end of June - an increase of 3.5%...
Brent Chandler: Auto Verification Leads To Greater Purchase Certainty
PERSON OF THE WEEK: Brent Chandler is the founder and CEO of FormFree Holdings Inc., producer of AccountChek, an investor-accepted automated asset verification solution...
Homeowners: Are They Stingy?
BLOG VIEW: A highly reliable source indicates there are more people wanting to buy homes than there are willing to sell them. The National...
The Evolution And Expansion Of HECM Loans
If you think the Home Equity Conversion Mortgage, or reverse mortgage, is a relatively new product, you had better think again.