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Fixed mortgage rates this week hit their highest point this year, with the average rate for a 30-year fixed rate mortgage (FRM) reaching 4.13%, up from 4.08% the previous week, according to Freddie Mac’s Primary Mortgage Market Survey. A year [Read More]

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A single security for government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac moved one step closer to reality this week, now that Freddie Mac has implemented the Common Securitization Platform (CSP), which is basically the technology infrastructure that facilitates the [Read More]

Regional retail mortgage lender Sagamore Home Mortgage is using Comergence‘s risk management, due diligence and surveillance service to aid in its launch of a new wholesale channel. Sagamore’s retail business currently services markets across the East, South and Midwest regions, [Read More]

Joseph A. Iacovino Jr. has joined Mortgage Network Inc. as a loan officer in the company’s Conshohocken, Pa., branch. Iacovino has five years of mortgage banking experience in the Philadelphia area. Prior to joining Mortgage Network, he served in the [Read More]

The Consumer Financial Protection Bureau (CFPB) is fining three reverse mortgage lenders – American Advisors Group, Reverse Mortgage Solutions and Aegean Financial – for allegedly using deceptive advertising to promote their reverse mortgage offerings. In addition to paying fines, the [Read More]

After falling a whopping 9.4% during the week of Thanksgiving, due, in part, to rising mortgage interest rates, mortgage application volume decreased 0.7% on an adjusted basis during the week ended Dec. 2, according to the Mortgage Bankers Association’s (MBA) [Read More]

About 1.63% of all loan files included “critical” defects in the second quarter – down from a peak of 1.92% in the first quarter, according to ARMCO’s QC Trends report, which analyzes loan data passing through the firm’s ACES Analytics [Read More]

Remember the good old days, when fixed mortgage rates were below 4.0% and the refinance segment was booming? Man, what a difference three months can make. ATTOM Data Solutions’ quarterly origination volume report shows that approximately 1.9 million loans were [Read More]

IncomeGenius, a tax return analysis platform developed by Indecomm Global Services, is now integrated with LendingQB‘s loan origination system (LOS). That means users of LendingQB’s LOS now have seamless access to IncomeGenius from within the LendingQB platform. This will enhance [Read More]

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From The Orb

BLOG VIEW: As a mortgage professional, it is likely that you know the ins and outs of the appraisal process like the back of your hand. To others, however, the appraisal process can seem highly complicated and confusing, and borrowers [Read More]

PERSON OF THE WEEK: Barry Hays is co-founder and senior vice president of TeleVoice, a provider of contact center technology to the mortgage servicing industry. MortgageOrb recently interviewed Hays to learn more about what the innovations in contact center technology [Read More]

BLOG VIEW: Homeowners associations (HOAs) and condo owners associations (COAs) are different breeds altogether. Many servicers incorrectly assume they can service these properties much like traditional properties, but there are far too many complexities behind HOA/COA super liens that servicers [Read More]

BLOG VIEW: The home appraisal has been requested … and the waiting begins. As a lender, many questions race through your mind: “Will the property condition be acceptable? Will repairs be needed? Will the appraiser give credit for all the [Read More]

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