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PHH Corp. has reportedly lost another major mortgage servicing rights (MSR) contract. According to an article in the Philadelphia Business Journal, HSBC has decided to sell about 139,000 mortgages currently serviced by PHH to a buyer that does not intend [Read More]

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Karla Abbott has been promoted to loan officer at Bay Equity Home Loans, a full-service retail mortgage lender founded in the heart of San Francisco’s financial district in 2007. Abbott, who previously worked as a loan coordinator, works in the [Read More]

E-recording software provider Simplifile reports that it has added nine county recording offices and 14 county recording offices to its e-recording network – all in the Midwest and Southeast. The new counties are located in Georgia, Florida, Illinois, Michigan, Missouri, [Read More]

Tom Rice has been named vice president, national account representative, at ClosingCorp, a provider of residential real estate closing cost data and technology for the mortgage and real estate services industries. Prior to joining ClosingCorp, Rice was business development manager [Read More]

Veteran mortgage professional Tina Nuss has joined Mortgage Network Inc., one of the largest independent mortgage lenders in the eastern U.S., as loan officer in the company’s Lancaster, Pa., branch. Nuss has more than 13 years of mortgage banking experience. [Read More]

U.S. home prices increased 0.8% in June compared with May and increased 5.3% compared with June 2015, according to Black Knight Financial Services’ home price index report. The average price for a home, based on closings, was about $265,000. Home [Read More]

The Federal Housing Administration (FHA) is proposing significant changes to the requirements mortgage servicers must adhere to when servicing FHA-backed mortgages that have gone into default. The FHA says it is streamlining its loss mitigation processes by reducing the number [Read More]

Mortgage rates stayed more or less flat during the week ended Aug. 25, according to Freddie Mac’s Primary Mortgage Market Survey. The average rate for a 30-year, fixed-rate mortgage (FRM) was 3.43%, unchanged from the previous week. A year ago [Read More]

Mercury Network, a valuation vendor management platform used by more than 700 lenders and appraisal management companies (AMCs), is acquiring Platinum Data Solutions, which offers valuation data and analytics solutions, for an undisclosed sum. The two companies have offered an [Read More]

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From The Orb

PERSON OF THE WEEK: Daniel Jacobs is executive vice president and managing director of retail for MiMutual Mortgage, a privately held retail and wholesale non-depository mortgage lender headquartered in Port Huron, Mich. The company is licensed in 30-plus states and [Read More]

PERSON OF THE WEEK: Sanjeev Malaney is founder and CEO of Capsilon Corp., a provider of document and data management solutions that enable mortgage lenders, investors and servicers to increase productivity and lower costs while ensuring compliance. MortgageOrb recently interviewed [Read More]

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 participants, it’s important to acknowledge the changes simplifying mandatory processes. Consider, for instance, the Federal Housing [Read More]

PERSON OF THE WEEK: Bill Canfield is compliance consulting specialist with Wolters Kluwer, a firm that provides software solutions and expertise to help tax, accounting and audit professionals research and navigate complex regulations, comply with legislation, manage their businesses, and [Read More]

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