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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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Summit Valuations Selects Ron Ahlensdorf Jr. As President

Posted by Patrick Barnard on June 07, 2013

Ron Ahlensdorf Jr. has reportedly been tapped to serve as president of Summit Valuations. Ahlensdorf succeeds Dave Carlson, who was appointed interim president in January 2012. Ahlensdorf has more than 15 years of industry experience. He has a strong track [Read More]

Churchill Mortgage Hires 15 New Employees

Posted by Patrick Barnard on June 07, 2013

Along with the increase in activity in the housing market, the mortgage banking industry is growing again. Earlier this week, MortgageOrb reported that the mortgage and non-mortgage loan brokers segment added 19,317 jobs since 2011, representing 30% growth. Currently, about [Read More]

CFPB Consumer Complaint Database Now Searchable By State

Posted by Patrick Barnard on June 07, 2013

Mortgage lenders will be compelled to put a stronger emphasis on customer satisfaction now that the Consumer Financial Protection Bureau (CFPB) has expanded its Consumer Complaint Database to include state-by-state information. In addition, the CFPB has added complaints about money [Read More]

FHA Borrowers May Have To Pay Higher Insurance Premiums

Posted by Patrick Barnard on June 07, 2013

In order to compensate for a budget shortfall potentially reaching into the billions of dollars, the Federal Housing Administration (FHA) will require homeowners with FHA loans to pay increased monthly insurance premiums for a longer period. The measure means borrowers [Read More]

Mortgage Returns Enhances Its Marketing Solution

Posted by Patrick Barnard on June 07, 2013

Mortgage Returns, a provider of CRM technology and automated marketing solutions for the mortgage industry, has updated its platform with new features to help lenders increase purchase business by marketing to customers, prospects and referral partners. With the revamped platform, [Read More]

Foreclosure Sale Rate In Judicial States Increased 17% In April

Posted by Patrick Barnard on June 06, 2013

The foreclosure sale rate in judicial foreclosure states rose nearly 17% from March to April, reaching its highest point since the fall of 2010, according to Lender Processing Services' monthly Mortgage Monitor report. The foreclosure process in non-judicial states is [Read More]

Plans To Liquidate Fannie And Freddie Taking Shape

Posted by Patrick Barnard on June 06, 2013

Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac would be liquidated over a five-year period and replaced by an entity offering government reinsurance for mortgage-backed debt under a bill being drafted by a bipartisan group of senators led by Tennessee [Read More]

RoundPoint Using Fannie Mae SMDU In Mortgage Servicing Shop

Posted by Patrick Barnard on June 06, 2013

RoundPoint Mortgage Servicing Corp. says it has integrated Fannie Mae's Servicing Management Default Underwriter (SMDU) technology suite to support the company's loss mitigation work. SMDU is designed to help servicers pinpoint consistent, real-time decisions on mortgage loan modifications and enable [Read More]

Survey: 42% Of Renters Don’t Think They Can Get A Mortgage

Posted by Patrick Barnard on June 06, 2013

Of all the renters in the U.S., how many want to become homeowners, and how many are satisfied to remain renters? According to a survey conducted by Fannie Mae's Economic & Strategic Research Group, 90% of renters expect to purchase [Read More]

Homeowners In New FEMA Flood Zones Will Be Required To Buy Insurance

Posted by Patrick Barnard on June 06, 2013

Proposed revisions to the Federal Emergency Management Agency's (FEMA) flood maps are expected to bring about 35,000 homes and businesses on the Atlantic and Gulf coasts into FEMA-designated flood zones – and many of these property owners will be required [Read More]

Ellie Mae Encompass360 Users Now Have One-Stop Ordering For Radian MI

Posted by Patrick Barnard on June 06, 2013

Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group Inc., has integrated its technology platforms with the Ellie Mae Encompass360 mortgage origination system. Lenders that use Encompass360 can now order Radian MI products directly through one fluid ordering [Read More]

Rising Prices Put Real Estate Investors On Hold

Posted by Patrick Barnard on June 06, 2013

Now that property values are increasing, real estate investors plan to buy fewer properties in the next 12 months, according to a survey of 3,020 adults conducted in May by ORC International for MemphisInvest.com and Premier Property Management Group. What's [Read More]

Rebounding Housing Market Driving Job Growth, Study Finds

Posted by Patrick Barnard on June 06, 2013

The cause and effect relationship between the housing market and job creation is well established. Historically, when people have returned to work following a recession, it has bolstered the housing market (although it can be argued that household income is [Read More]

FHA Could Need Bailout Before Year-End

Posted by Patrick Barnard on June 05, 2013

Could the Federal Housing Administration (FHA) end up in the same boat as Fannie Mae and Freddie Mac? Despite efforts to shore up capital by raising fees, the cash-strapped agency may need a bailout totaling up to $1 billion before [Read More]

LPS’ Loan Quality Gateway Now Integrated With Global DMS’ eTrac Platform

Posted by Patrick Barnard on June 05, 2013

In order to help clients achieve efficient appraisal transaction processing in a fully compliant manner, Lender Processing Services Inc. (LPS) has integrated its Loan Quality Gateway, powered by RealEC, with the Global DMS eTrac Enterprise platform. The integration means LPS [Read More]

Valuation Vision Taps Diane Swanson As Senior Vice President Of National Sales

Posted by Patrick Barnard on June 05, 2013

Diane Swanson has joined Valuation Vision, a nationwide provider of alternative valuation products and technology solutions, as senior vice president of national sales. Swanson has nearly 30 years of real estate valuation and technology experience. Prior to joining Valuation Vision, [Read More]

Certified Home Inspections Now Inspecting Short Sales And Foreclosures

Posted by Patrick Barnard on June 05, 2013

Inspecting homes that have gone through foreclosure or which are being offered on a short sale basis is a tricky business. Very often, these homes have problems that are ‘hidden’ from the buyer, sometimes resulting from a malicious act on [Read More]

Stearns Lending Hires Vishnu Karra As SVP Of Production Applications

Posted by Patrick Barnard on June 05, 2013

Former Bank of America technology executive Vishnu Karra has joined mortgage lender Stearns Lending as senior vice president, production applications. In his new role, Karra will be responsible for the management, implementation and support of mortgage originations technology solutions and [Read More]

Cole Taylor Bank To Bring All Mortgage Servicing In-House

Posted by Patrick Barnard on June 04, 2013

Having recently completed the purchase of mortgage servicing rights to approximately 4,600 loans from Liberty Savings Bank, as well as related office space and equipment, Cole Taylor Bank, through its Cole Taylor Mortgage division, is now ready to establish its [Read More]

CoreLogic: Home Prices Rise For 14th Consecutive Month

Posted by Patrick Barnard on June 04, 2013

Home prices increased 12.1% nationwide from April 2012 to April 2013, the biggest year-over-year increase since February 2006, according to CoreLogic. As of April, home prices had increased for 14 consecutive months, according to the real estate data analytics firm's [Read More]