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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 MortgageOrb.com, 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 pbarnard@zackin.com.
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Specialized Loan Servicing Now Offers Subservicing For Prime Loans

Posted by Patrick Barnard on March 01, 2017

Mortgage servicer Specialized Loan Servicing (SLS) reports that it is now offering subservicing for both prime and nonperforming loans. The firm’s new prime servicing offering for mortgage lenders includes a private-label option, direct call transfers for refinance opportunities, friendly customer [Read More]

Capsilon Hires Dmitri Daveynis As SVP Of Engineering

Posted by Patrick Barnard on March 01, 2017

Dmitri Daveynis has joined the Capsilon Corp., a provider of cloud-based enterprise digital mortgage solutions, as senior vice president of engineering. Daveynis has more than two decades of software engineering and technology operations leadership. Prior to joining Capsilon, he served [Read More]

Flagstar Closes Purchase Of Stearns’ Delegated Correspondent Platform

Posted by Patrick Barnard on March 01, 2017

Flagstar Bancorp Inc. reports that it has closed its deal to acquire the residential mortgage delegated correspondent lending platform of Stearns Lending LLC, (Stearns), along with certain related assets. Terms of the transaction, which was announced in early February, were [Read More]

MBA: Mortgage Application Volume Jumped 5.8%

Posted by Patrick Barnard on March 01, 2017

Mortgage application volume increased 5.8% on an adjusted basis during the week ended Feb. 24, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. The estimate includes an adjustment for the Presidents’ Day holiday on Feb. 20. Applications [Read More]

Michael Vitali: Now Is Not The Time To Relax On QC

Written by Patrick Barnard on March 01, 2017

PERSON OF THE WEEK: When it comes to the potential for regulatory rollback under the Trump administration, there are myriad possibilities. But, should the administration succeed in rolling back some or all of the onerous mortgage regulations put in place [Read More]

CFPB: Consumer Complaints Help Us Decide Where To Send Examiners

Written by Patrick Barnard on March 01, 2017

A bureau official says complaints are weighted “more substantially when considering how to prioritize our examination resources.”

Gateway Mortgage Hires Rob Hunt As Chief Administrative Officer

Posted by Patrick Barnard on February 28, 2017

Rob Hunt has joined Gateway Mortgage Group, a privately held mortgage company offering originations, servicing and correspondent lending, as chief administrative officer. Hunt has previously held management roles at both large and start-up-sized companies, including Capital One and Heritage Union, [Read More]

Case-Shiller: U.S. Home Prices Increased 0.7% In December

Posted by Patrick Barnard on February 28, 2017

Home prices increased 0.7% on an adjusted basis in December compared with November and increased 5.8% compared with December 2015, according to the S&P CoreLogic Case-Shiller U.S. National Home Price index. The index’s 10-city and 20-city composites each saw home prices [Read More]

New Tool Helps Whole Loan Traders, Servicers Fill Information Gaps

Posted by Patrick Barnard on February 27, 2017

CoreLogic recently introduced a new data and analytics platform for whole loan traders and servicers. The new CoreLogic Lien Equity Analytics Radar (CLEAR) platform provides streamlined, integrated analysis on lien, equity, property and owner status to support critical decisions, the [Read More]

Mortgage Network Hires Pamela Parker As Senior Loan Officer

Posted by Patrick Barnard on February 27, 2017

Pamela Steele Parker has joined Mortgage Network Inc. as a senior loan officer in the company’s Wellesley, Mass., office. Parker has more than 15 years of mortgage banking experience, having closed more than 2,800 loans in her career. Most recently, [Read More]

Lack Of Inventory Pushes Pending Home Sales To Lowest Level In A Year

Posted by Patrick Barnard on February 27, 2017

Pending home sales fell 2.8% in January to a score of 106.4 in the National Association of Realtors (NAR) Pending Home Sales Index. That’s down from an upwardly revised score of 109.5 in December and the lowest since January 2016. [Read More]

Black Knight: New York Continues To Lead In Home Price Appreciation

Posted by Patrick Barnard on February 27, 2017

U.S. home prices increased 0.1% in December compared with November and increased 5.7% compared with December 2015, according to Black Knight Financial Services’ Home Price Index (HPI) Report. The average price for a single-family home in the U.S. was $267,000. States [Read More]

New Home Sales Jumped 3.7% In January, But Inventory Remains Tight

Posted by Patrick Barnard on February 27, 2017

New home sales in January were at a seasonally adjusted annual rate of about 555,000, an increase of 3.7% compared with a revised rate of about 535,000 in December and an increase of 5.5% compared with about 526,000 in January [Read More]

Mortgage Application Defect Risk Increasing As Refinance Volume Drops

Posted by Patrick Barnard on February 24, 2017

However, First American’s mortgage application defect index is down 28.4% compared with the high point of risk in October 2013.

ClosingCorp Hires Craig Austin As SVP Of Sales And Business Development

Posted by Patrick Barnard on February 24, 2017

Craig Austin is now working for ClosingCorp, a provider of residential real estate closing cost data and technology, as senior vice president of sales and business development. Previously, Austin held sales and account management positions at RealEC Technologies/Black Knight Financial [Read More]

ARMCO Adds New Capabilities For Mortgage Servicers

Posted by Patrick Barnard on February 24, 2017

ACES Risk Management (ARMCO), a provider of financial quality control (QC) and compliance software, has improved the functionality to its ACES Audit Technology by allowing mortgage servicers to customize and internally standardize their customer questionnaires based on how they interpret [Read More]

Black Knight: Prepayment Speeds Down Nearly 30% In January

Posted by Patrick Barnard on February 23, 2017

Mortgage delinquencies (30 days or more past due but not in foreclosure) were at a rate of about 4.25% in January – a decrease of 3.85% compared with December and a decrease of 16.57% compared with January 2016, according to [Read More]

Parkside Lending Now Offering Fannie Mae’s HomeReady Mortgage

Posted by Patrick Barnard on February 23, 2017

Parkside Lending, a national wholesale and correspondent lender, is now offering Fannie Mae’s HomeReady Mortgage, an affordable lending option for low- to moderate-income borrowers who otherwise may not qualify for a conventional Fannie Mae loan. The loan underwriting guidelines include [Read More]

Mortgage Network Hires Christina Taraborelli As Loan Officer

Posted by Patrick Barnard on February 23, 2017

Christina Taraborelli has joined Mortgage Network Inc., one of the largest mortgage bankers in the Eastern U.S., as a loan officer in the company’s Conshohocken, Pa., branch office. Taraborelli, who is licensed to do business in Pennsylvania and New Jersey, [Read More]

What Is The CFPB’s Ultimate Fate?

Written by Patrick Barnard on February 22, 2017

MORNING COMMUTE: I was at the Mortgage Bankers Association’s National Mortgage Servicing Conference & Expo 2017 in Dallas this past week, and, somewhat embarrassingly, I am just now getting caught up. But first, the music this morning was Jethro Tull’s [Read More]