Featured Mortgage News

According to ATTOM Data Solutions’ Midyear 2017 U.S. Foreclosure Market Report, there were a total of 428,400 U.S. properties with foreclosure filings (default notices, scheduled auctions or bank repossessions) in the first six months of 2017, down 20% from the [Read More]

Recent Mortgage News

First American’s proprietary Potential Home Sales model for the month of June 2017 shows that a supply and demand imbalance continues to put upward pressure on house prices and is squeezing affordability. In June, potential existing-home sales increased to a [Read More]

According to the June Zillow Real Estate Market Reports, the national median home value is now $200,400, up about 7.5% since this time last year and representing the first time that the typical U.S. home is worth over $200,000. “Even [Read More]

KeyStoneB2B says it has developed a new title product that will facilitate the title order, title close, and borrower and seller closing disclosures during the mortgage lending process. KeyStoneB2B offers a network of title companies that have been vetted according [Read More]

Online loan marketplace LendingTree says Sam Mischner has been promoted to chief sales officer and head of mortgage after previously serving as senior vice president, sales, and general manager, mortgage. In the new role, Mischner will lead the company’s sales [Read More]

According to the June “Origination Insight Report” from Ellie Mae, the percentage of purchase home loans relative to refinances remained steady at 68% of all closed loans, while refinances remained at 32% for the second straight month. Specifically, the percentage [Read More]

Chase Home Lending and Google recently announced a partnership whereby the organizations are collaborating to see how and what people are searching to find more information about homeownership. The “Search for Home Snapshot,” available here, offers insights that show consumers [Read More]

Independent mortgage cooperative The Mortgage Collaborative has partnered with national correspondent investor and mortgage loan servicer The Money Source. The Money Source specializes in direct-to-agency loan securitization. The company says its approach is to provide robust product offerings for sellers [Read More]

According to the July 2017 RE/MAX National Housing Report, June 2017 home sales were 1.4% higher than in June 2016, which was previously the month with the most home sales in the nine-year history of the report. Additionally, four of [Read More]

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From The Orb

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]

PERSON OF THE WEEK: Barry Malone is senior vice president of sales for Financial Industry Computer Systems Inc., a provider of mortgage loan origination and mortgage servicing software. MortgageOrb recently interviewed Malone to learn more about the challenges of in-house [Read More]

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