Featured Mortgage News


Mortgage rates dipped slightly this past week, with the average rate for a 30-year fixed-rate mortgage (FRM) falling to 3.92%, down from 3.96%, according to Freddie Mac’s Primary Mortgage Market Survey. The 10-year Treasury yield rose five basis points, according [Read More]

Recent Mortgage News

Laurie Souza recently joined Mortgage Network Inc. as a national business development manager. Souza has more than 25 years of retail and correspondent lending experience, in addition to a strong track record of building successful business relationships, developing innovative products [Read More]

Kimberly S. Morr recently joined Potestivo & Associates PC, as an associate attorney in the law firm’s St. Louis, Mo., office. In addition, Jeremy L. Marks has joined the firm as supervising bankruptcy attorney. He will work out of the [Read More]

Dallas Davidson has joined Bestborn Business Solutions, developer of the mortgage accounting platform Loan Vision, as a consultant. Davidson has prior experience with Microsoft Dynamics solutions that she gained in her former position with a respected accounting and consulting firm [Read More]

Holly Baya and Anthony Di Staulo have joined DIMONT, a provider of insurance claims adjusting and collateral loss mitigation services to the mortgage industry, as directors of client development. In addition, Dwight Kline has been promoted to director of client [Read More]

The Federal Open Market Committee in June voted to maintain the current Federal Funds rate at 1.0%-1.25%, raising renewed questions regarding how many more times the Fed will hike this year. Some economists say the Fed will likely be more [Read More]

Cade Holleman, formerly of American Legal & Financial Network (ALFN), has joined U.S. REO Partners Inc., a national trade association representing real estate-owned (REO) brokers, mortgage servicers, default services law firms, as well as other ancillary service providers in the [Read More]

New home sales were at a seasonally adjusted annual rate of about 610,000 in June, an increase of 0.8% compared with a revised rate of about 605,000 in May and an increase of 9.1% compared with about 559,000 in June [Read More]

Retail lender Castle & Cooke Mortgage reports that it has added 14 new branches across the U.S. so far in 2017, representing a 33% growth rate compared with the end of 2016. The company has not only exceeded its original [Read More]

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From The Orb

PERSON OF THE WEEK: Harry Gardner is executive vice president of e-strategies for Docutech, a provider of e-signature and e-document technology to the mortgage industry. MortgageOrb recently interviewed Gardner to learn more about the benefits that e-signatures bring to lenders [Read More]

PERSON OF THE WEEK: As federal regulators and the nation’s largest secondary market investors continue to seek out ways to make home financing available to more Americans, the traditional methods of evaluating consumer credit are being called into question. Increasingly, [Read More]

PERSON OF THE WEEK: Richard Yonis is senior vice president and national sales director for LERETA, which provides property tax data and flood hazard status information to mortgage lenders and servicers. MortgageOrb talked to Yonis to gather his thoughts about [Read More]

PERSON OF THE WEEK: Brian K. Fitzpatrick is president and CEO of LoanLogics Inc., which focuses on loan quality management and performance analytics technologies for the mortgage industry. We recently checked in with him to get a sense of how [Read More]

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