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Patrick Barnard
Patrick Barnard is a seasoned journalist with more than 20 years of experience in newspapers, magazines and online media. Prior to becoming editor for, as well as Secondary Marketing Executive and Servicing Management magazines, he worked as a regional editor for AOL's Patch Media, covering daily news in lower Fairfield County, Conn. He also held editor roles with Technology Marketing Corp. and Penton Media. He started his career in journalism as a reporter for The Darien Times, a weekly newspaper servicing Darien, Conn., eventually rising to the rank of editor. He has also done freelance work for a number of publications. He can be reached at

Franklin American Correspondent Lending Intros New Hybrid Mandatory Loan Sales

Posted by Patrick Barnard on April 28, 2017

Franklin American Mortgage Correspondent Lending has introduced what it claims is the industry’s first mini-bulk execution permitting assignment of trades (AOT). The new Hybrid Mandatory program employs Compass Analytics’ CompassBid and BidAOT services to streamline mini-bulk bids and AOT processing. [Read More]

Mid America Mortgage Acquires MSR Portfolio With About $2.7B In UPB

Posted by Patrick Barnard on April 28, 2017

Mid America Mortgage reports that it has acquired mortgage servicing rights (MSRs) on a portfolio of government loans with about $2.7 billion in unpaid principal balance. Terms of the deal were not divulged. A company press release does not say [Read More]

NAR: Pending Home Sales Dipped 0.8% In March

Posted by Patrick Barnard on April 28, 2017

After jumping 5.5% in February, pending home sales dipped 0.8% in March, according to the National Association of Realtors (NAR). Still, pending home sales were up 0.8% compared with March 2016. The month-over-month dip in March was not due to [Read More]

Trump Taps Pam Patenaude To Become Next HUD Deputy Secretrary

Posted by Patrick Barnard on April 28, 2017

“Pam is an exceptional choice for the position,” says David H. Stevens, president and CEO of the Mortgage Bankers Association

Freddie Mac: Mortgage Rates Back On The Rise

Posted by Patrick Barnard on April 27, 2017

After hitting a low for the year, mortgage rates were back on the rise this week, with the average rate for a 30-year, fixed-rate mortgage (FRM) rising to 4.03%, up from 3.97% the previous week, according to Freddie Mac’s Primary [Read More]

New Home Sales Took Nice Jump In March

Posted by Patrick Barnard on April 27, 2017

New home sales in March were at a seasonally adjusted annual rate of about 621,000, an increase of 5.8% compared with a revised rate of about 587,000 in February and an increase of 15.6% compared with about 537,000 in March [Read More]

Ocwen Vows To Fight Regulatory Actions Brought By CFPB, States

Posted by Patrick Barnard on April 26, 2017

Taking a page from the PHH Mortgage regulatory defense playbook, mortgage servicer Ocwen Financial Corp. is seeking to have a complaint from the Consumer Financial Protection Bureau (CFPB) tossed on the grounds that the CFPB’s leadership structure is unconstitutional. Ocwen [Read More]

HCL Technologies Buying Urban Fulfillment Services For About $30 Million

Posted by Patrick Barnard on April 26, 2017

In a move that will strengthen its capabilities in mortgage BPO services, loan fulfillment and debt servicing, HCL Technologies, a global IT services company, is acquiring Urban Fulfillment Services (UFS), a provider of mortgage business process and fulfillment services, for [Read More]

QuickInsured Now Integrated With Ellie Mae’s Encompass

Posted by Patrick Barnard on April 26, 2017

QuickInsured, an independent insurance agency specializing in the mortgage industry, reports that its homeowners insurance quote service is now available through Ellie Mae’s Encompass all-in-one mortgage management solution. The seamless integration allows lenders to order QuickInsured’s solutions directly through Encompass. [Read More]

Primary Residential Mortgage Opens New Location In Miami

Posted by Patrick Barnard on April 26, 2017

Primary Residential Mortgage Inc. (PRMI) reports that it has opened a new brick-and-mortar location in Miami. The new location at The Crossings is under the management of Cary Roque-Valdovinos. The team at the new branch has a combined 35 years [Read More]

LenderLive Adds New Management To Its Settlement Services Division

Posted by Patrick Barnard on April 26, 2017

Mortgage industry professionals David Tiberio and George Schultz have joined LenderLive, a national mortgage services provider, each as a vice president of national sales for the company’s settlement services line of business. Schultz has more than two decades of mortgage [Read More]

Mortgage Capital Trading Adds Cara Krause As Regional Sales Director

Posted by Patrick Barnard on April 26, 2017

Mortgage industry professional Cara Krause has joined Mortgage Capital Trading Inc. (MCT), a mortgage hedge advisory and secondary marketing technology firm, as regional sales director. Krause has more than 25 years of experience in mortgage banking. She possesses extensive knowledge [Read More]

MBA: Falling Mortgage Rates Caused Surge In Applications For Refinances

Posted by Patrick Barnard on April 26, 2017

A surge in applications for refinances linked to a recent drop in mortgage interest rates caused mortgage application volume to increase 2.7% on an adjusted basis during the week ended April 21, according to the Mortgage Bankers Association’s (MBA) Weekly [Read More]

Optimal Blue Now Integrated With Total Expert’s Marketing/CRM Platform

Posted by Patrick Barnard on April 26, 2017

Optimal Blue, which offers a “digital marketplace” of loan data and analytics, as well as loan pricing and mortgage hedging software solutions, is now integrated with Total Expert Inc., a developer of marketing software for the mortgage and real estate [Read More]

Is The MBA’s GSE Reform Proposal ‘The One’?

Written by Patrick Barnard on April 26, 2017

With the Trump administration in the White House and a Republican-controlled Congress, it could be argued that the time has never been so ripe for GSE reform to finally happen.

Survey: Mortgage Lenders Anticipate Increased Purchase Volume In 2017

Posted by Patrick Barnard on April 25, 2017

Despite a serious lack of inventory and increasing home prices, most mortgage lenders are predicting that mortgage purchase volume will increase in 2017 relative to 2016, according to a recent survey conducted by the Lenders One Cooperative, a national alliance of [Read More]

Case-Shiller: U.S. Home Prices Hit All-Time High In February

Posted by Patrick Barnard on April 25, 2017

U.S. home prices increased 0.4% on an adjusted basis in February compared with January and increased 5.8% compared with February 2016, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. Not only was it the fourth consecutive month [Read More]

Equifax Revamps InterConnect Platform

Posted by Patrick Barnard on April 24, 2017

Equifax Inc. reports that it recently redesigned its InterConnect platform, which mortgage lenders use for credit and risk decisioning. InterConnect is a suite of four tools, including Insight Gateway, which streamlines transactional access to diverse data sources and development of [Read More]

DIMONT Expands Collateral Loss Mitigation Department

Posted by Patrick Barnard on April 24, 2017

DIMONT, a provider of specialty insurance and loan administration services, has expanded its collateral loss mitigation department. Encompassing all of DIMONT’s services, including hazard claims adjustment, investor claims management, flood insurance valuation and loss draft management, the collateral loss mitigation [Read More]

Carlos Sa: Building Your Own Lending System Offers Many Benefits

Written by Patrick Barnard on April 24, 2017

PERSON OF THE WEEK: Although most mortgage lenders use “best of breed” or “out of the box” loan origination systems (LOS) from the top vendors, there are still plenty out there that have developed – and that continue to support [Read More]