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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
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Mid America Buys E-Note From First Fully Electronic Closing In North Carolina

Posted by Patrick Barnard on May 26, 2017

Mid America Mortgage Inc. reports that it has purchased the e-note from North Carolina’s first e-mortgage transaction, which took place earlier this month. It was the first paperless, all-electronic closing in the state. What’s more, it was only the fifth [Read More]

Black Knight: U.S. Home Prices Increased 1.3% In March

Posted by Patrick Barnard on May 26, 2017

U.S. home prices hit another new peak in March, rising 1.3% compared with February and 5.8% compared with April 2016, according to Black Knight Financial Services’ home price index report. The average price for a home hit $272,000, up from [Read More]

Arch MI Promotes Valerie Ausband To SVP, Field Sales

Posted by Patrick Barnard on May 26, 2017

Valerie Ausband has been promoted to senior vice president for field sales for Arch Mortgage Insurance Co. (Arch MI). Ausband, who has more than 20 years of experience in the industry, joined United Guaranty Corp. (UGC) as senior account executive [Read More]

S&P/Experian: Default Rate For First Mortgages Fell To Four-Month Low In April

Posted by Patrick Barnard on May 25, 2017

The default rate on first mortgages dropped to a four-month low in April, falling to just 0.69% of loans, which is down from 0.75% in March, according to the S&P/Experian Consumer Credit Default Indices. The default rate on second mortgages [Read More]

Indecomm’s IncomeGenius Now Integrated With Advanced Data’s Income Tax Verification Service

Posted by Patrick Barnard on May 25, 2017

In case you didn’t notice, integrations among software platforms of all types are running rampant through the mortgage industry. And, in many cases, these integrations are creating opportunities to automate processes, reduce errors and gain new operational efficiencies. Such is [Read More]

Guild Mortgage Launches Conventional Loan Program Requiring Only 1% Down

Posted by Patrick Barnard on May 25, 2017

Guild Mortgage has launched a new conventional loan program that requires only a 1% down payment from the borrower. The new program combines a borrower’s 1% down payment with a 2% grant from Guild, thus resulting in a loan with [Read More]

MBA: Applications For Refinances Jumped 11% On Slightly Lower Mortgage Rates

Posted by Patrick Barnard on May 24, 2017

Mortgage application volume jumped 4.4% during the week ended May 19, with most of the increase stemming from an 11% week-over-week spike in applications for refinances, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. It was the [Read More]

FHFA, Fannie Mae Cease Selling REOs To Rent-To-Own Companies

Written by Patrick Barnard on May 24, 2017

Apparently, there is a problem with leasing REOs “as is” and shifting responsibility for repairs and maintenance to the renter in certain “rent-to-own” models.

NAR: Existing-Home Sales ‘Stymied’ By Low Inventory In April

Posted by Patrick Barnard on May 24, 2017

Existing-home sales were at a seasonally adjusted annual rate of about 5.57 million in April – down 2.3% from a downwardly revised estimate of 5.70 million in March, according to the National Association of Realtors (NAR). Despite the month-over-month decrease, [Read More]

Black Knight: Mortgage Delinquencies Hit Eight-Year High In April

Written by Patrick Barnard on May 24, 2017

The delinquency rate on first-lien mortgages (30 days or more past due) stood at 4.08% as of the end of April – an increase of 12.93% compared with March but a decrease of 3.58% in April 2016, according to Black [Read More]

Flagstar: Integration Of Stearns Delegated Correspondent Business Going Smoothly

Written by Patrick Barnard on May 24, 2017

Through the acquisition, Flagstar gains a significant number of correspondent relationships accounting for more than $7 billion in agency and government loans in 2016.

Damon Paxson: When It Comes To The HOA/COA Lien Process, Misconceptions Abound

Written by Patrick Barnard on May 24, 2017

Servicers must fully understand the complexities behind working with HOA/COA properties so they can protect themselves from having to pay unnecessary fees.

Michael Wojcik: Appraisers Concerned About Growing Use Of Data And Analytics

Written by Patrick Barnard on May 23, 2017

Appraisers are concerned about the technology movement, including the use of big data and analytics, and how that might impact their careers in the future.

FormFree Hires Ann Fulmer As Chief Strategy And Industry Relations Officer

Posted by Patrick Barnard on May 23, 2017

Loan quality subject matter expert and analyst Ann Fulmer has joined asset verification solutions provider FormFree as chief strategy and industry relations officer. A nationally recognized strategist, thought leader, speaker and author specializing in data integrity, fraud and federal/Consumer Financial [Read More]

New Home Sales Dropped 11.4% In April

Posted by Patrick Barnard on May 23, 2017

As of the end of April, there were about 268,000 new homes available for sale nationwide – about a 5.7-month supply at the current sales rate.

Refining Property Preservation Is Doable With Technology

Written by Bill Colby on May 22, 2017

Pre-foreclosure management of properties can be greatly improved with technology.

Supreme Lending Expands Southwest Territory With New Branch In Denver

Posted by Patrick Barnard on May 22, 2017

Supreme Lending has opened a new branch in the Denver market that will be managed by 25-year industry veteran Carlos Ruiz. Ruiz has been in the mortgage industry for 25 years and has strong knowledge of the full range of [Read More]

Embrace Home Loans Opens New Location In Washington, D.C.

Posted by Patrick Barnard on May 22, 2017

Fast-growing Embrace Home Loans has opened another location in Washington, D.C. The new branch is located at 1001 Connecticut Ave. N.W., Ste. 405, and will be managed by mortgage professional Margie Hennessey. Hennessey has more than 13 years of mortgage [Read More]

USFN To Publish 50-State Successor In Interest Guide

Posted by Patrick Barnard on May 22, 2017

USFN–America’s Mortgage Banking Attorneys and its member firms from across all 50 states will soon be publishing a comprehensive guide and matrix in order to provide mortgage servicers with assistance in navigating the Consumer Financial Protection Bureau’s (CFPB) new successor [Read More]

IDS Receives Certification From Fannie Mae, Freddie Mac For Its UCD XML File

Posted by Patrick Barnard on May 19, 2017

Mortgage document preparation vendor International Document Services Inc. (IDS) reports that its Uniform Closing Dataset (UCD) XML file has been certified to meet all UCD requirements by government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac – ahead of the GSEs’ [Read More]