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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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HUD Charges Jackson, Minn., Landlord With Housing Discrimination

Posted by Patrick Barnard on July 05, 2013

A Jackson, Minn., landlord has been charged with violating the Fair Housing Act for allegedly refusing to rent an apartment to a woman and her young daughter. According to the U.S. Department of Housing and Urban Development (HUD), the owner [Read More]

RealtyTrac Lists Best Retirement Communities To Invest In

Posted by Patrick Barnard on July 05, 2013

Dunnellon, Fla., tops RealtyTrac's list of the 15 best retirement communities to invest in for 2013, based on price appreciation and capitalization rates. The list only considers communities where at least one-third of the population is retirement age or older. [Read More]

Freddie Mac: Mortgage Rates Dip After Historic Spike Last Week

Posted by Patrick Barnard on July 03, 2013

Following last week's historic jump in mortgage rates – prompted by the Federal Reserve's June 19 announcement that it would begin winding down its stimulus program starting in the fourth quarter, providing economic data is favorable – the average fixed [Read More]

MBA: Mortgage Application Volume Plummeted 11.7% Last Week

Posted by Patrick Barnard on July 03, 2013

Who said rising interest rates won't slow the housing recovery? The Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending June 28 shows that mortgage application volume decreased 11.7%, seasonally adjusted, from the week prior. On an [Read More]

Fed Approves New Rules Requiring Banks To Set Aside More Capital

Posted by Patrick Barnard on July 03, 2013

The Federal Reserve Board on Tuesday approved new rules requiring banks to set aside more capital to help protect against losses in the event of another major economic downturn. The Fed's approval of the Basel III banking rules brings the [Read More]

First National Property Data Service, Housefax.com, Launched

Posted by Patrick Barnard on July 03, 2013

Uncovering the true condition of a house is no easy task. To help borrowers get the lowdown on house condition before making a purchase, Housefax.com has launched the first national property data service that delivers comprehensive, consolidated home reports. The [Read More]

RealtyTrac Intros New Renovation Loan Center

Posted by Patrick Barnard on July 02, 2013

To spur buyers and homeowners to take advantage of the Federal Housing Administration's 203k renovation loan program, RealtyTrac has introduced a new Renovation Loan Center powered by REbuildUSA. Using this Web-based resource, buyers and homeowners can gain access to a [Read More]

MBA Launches First Index Measuring Available Mortgage Credit

Posted by Patrick Barnard on July 02, 2013

The Mortgage Bankers Association (MBA) has introduced what it claims is the only standardized quantitative index solely focused on mortgage credit. The Mortgage Credit Availability Index (MCAI) measures how much overall mortgage credit is available from month to month. The [Read More]

Three Landlords Sued For Discrimination In Washington State

Posted by Patrick Barnard on July 02, 2013

Three people who own and manage rental homes in and near Kelso and Longview, Wash., are being sued for violating the federal Fair Housing Act by discriminating against persons with disabilities. The lawsuit, filed in the U.S. District Court for [Read More]

CoreLogic: Home Prices Up 12.2% From May 2012 To May 2013

Posted by Patrick Barnard on July 02, 2013

CoreLogic's Home Price Index (HPI) report, based on its Multiple Listing Service data, shows that home prices nationwide, including distressed sales, increased 12.2% on a year-over-year basis in May, the biggest year-over-year increase since February 2006 and the 15th consecutive [Read More]

Veros: California Markets To See Strongest Appreciation In 2013

Posted by Patrick Barnard on July 02, 2013

Nearly 90% of the residential U.S. real estate market is expected to see appreciation over the next 12 months, according to Veros Real Estate Solutions' quarterly VeroFORECAST report. This is a significant trend, considering that the July 2012 VeroFORECAST predicted [Read More]

Stonegate Mortgage Files For IPO

Posted by Patrick Barnard on July 02, 2013

Indianapolis-based Stonegate Mortgage Corp. has reportedly filed with the Securities and Exchange Commission for an initial public offering (IPO), however, the company is yet to announce how much it intends to raise or on which exchange its shares will trade. [Read More]

Churchill Mortgage Named A ‘Top Workplace’

Posted by Patrick Barnard on July 01, 2013

Churchill Mortgage, offering conventional, FHA, VA and USDA residential mortgages in 26 states, has been recognized as a ‘Top Workplace’ by The Tennessean. In addition, Mike Hardwick, Churchill's founder and president, received the ‘Leadership Award’ for the lender's respective category. [Read More]

Stonegate Mortgage Corp. Hires Erik Sorensen As SVP

Posted by Patrick Barnard on July 01, 2013

Erik Sorensen has joined Stonegate Mortgage Corp. as senior vice president of capital markets. Sorensen joins the company from Sorensen Consulting, where he has focused on helping lenders improve their secondary marketing functions. Prior to establishing his consultancy, Sorensen worked [Read More]

CoreLogic To Buy DataQuick, MSB For $661 Million

Posted by Patrick Barnard on July 01, 2013

To expand its coverage of the property and casualty insurance industries, CoreLogic has agreed to buy DataQuick Information Systems, DataQuick Lender Solutions and Marshall & Swift/Boeckh (MSB) from parent company TPG Capital Decision Insight Information Group for $661 million. DataQuick [Read More]

Citigroup To Pay Fannie Mae Nearly $1B To Settle Mortgage Claims

Posted by Patrick Barnard on July 01, 2013

Citigroup Inc. has reportedly agreed to pay government-sponsored enterprise (GSE) Fannie Mae $968 million to settle potential future repurchase claims on 3.7 million residential first mortgage loans originated between 2000 and 2012. The agreement covers potential future origination-related representation and [Read More]

Fannie, Freddie Have Kept 2.3 Million Americans Out Of Foreclosure

Posted by Patrick Barnard on July 01, 2013

Using a mix of prevention strategies, government-sponsored enterprises Fannie Mae and Freddie Mac managed to keep more than 130,000 borrowers out of foreclosure in the first quarter, the Federal Housing Finance Agency (FHFA) reported Monday. Since the two firms were [Read More]

Mortgage Network Opens New Office In Charlotte

Posted by Patrick Barnard on July 01, 2013

Mortgage Network Inc., one of the largest independent mortgage lenders in the eastern U.S., has opened a branch office in Charlotte, N.C. – the fifth new location for the company so far this year. The new office at 2015 Ayrsley [Read More]

Barrier Advisors Brokers Wingspan’s Acquisition Of Dimont & Associates

Posted by Patrick Barnard on June 28, 2013

Dallas-based investment banking firm Barrier Advisors reports that it served as the exclusive financial advisor to Wingspan Portfolio Holdings Inc. during the firm's acquisition of Dimont & Associates, which closed May 21. Barrier Advisors played a dual role in brokering [Read More]

Mat Ishbia: Regulatory Changes ‘Positive … For The Most Part’

Posted by Patrick Barnard on June 28, 2013

PERSON OF THE WEEK: Mat Ishbia is president of United Wholesale Mortgage (UWM) and CEO of United Shore Financial Services (USFS). A veteran of the mortgage industry, Ishbia was named one of the Most Influential Mortgage Professionals under 40 by [Read More]