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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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Gagan Sharma: As Rates Rise, Servicers Must Stand Ready To Mitigate Foreclosure Risk

Written by Patrick Barnard on May 03, 2017

From a servicer perspective, the most important strategy to mitigating risk is to reach out to the borrower as early as possible.

CoreLogic: U.S. Home Prices Continued To Climb In March

Posted by Patrick Barnard on May 02, 2017

U.S. home prices increased 1.6% in March compared with February and increased 7.1% compared with March 2016, according to CoreLogic’s home price index report. The firm notes that it revised its estimates for February. As of the end of March, U.S. [Read More]

Dave Hurt Joins Black Knight’s Data And Analytics Division

Posted by Patrick Barnard on May 02, 2017

Mortgage industry veteran Dave Hurt has joined the data and analytics division of Black Knight Financial Services, where he will lead the division’s business development activities in the capital markets and government sectors. With a career spanning four decades, Hurt [Read More]

Rida Sharaf: Evolution Of REO Asset Management Drives Need For Deep Expertise

Written by Patrick Barnard on May 01, 2017

PERSON OF THE WEEK: Although it is true that the inventory of real estate owned (REO) properties has dropped nearly to pre-recession levels – and that mortgage delinquencies and defaults have fallen to pre-crisis lows – by no means is [Read More]

Blockchain Technology Provider Factom Completes $8 Million Series A Funding Round

Posted by Patrick Barnard on May 01, 2017

Factom, an Austin, Texas-based start-up offering “blockchain as a service,” recently completed its $8 million Series A funding round. The company had previously raised $5.3 million of the round, including investment from Tim Draper, an early investor in Skype and [Read More]

Matthew T. Orlando Is New VP Of National Programs For Lenders One

Posted by Patrick Barnard on May 01, 2017

Matthew T. Orlando has joined the Lenders One Cooperative, a national alliance of independent mortgage bankers, as vice president of national programs. Orlando has more than 10 years of mortgage experience, having served various leadership roles at Equifax. With his [Read More]

Embrace Home Loans Opens New Location In Viera, Fla.

Posted by Patrick Barnard on May 01, 2017

Embrace Home Loans has opened its ninth branch in Florida. The new branch in Viera, Fla., will serve all of Brevard County and will be led by Greg Peele, along with industry veterans Stephen Thaggard as sales manager, Karen Thaggard [Read More]

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 Secretary

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]