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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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ARMCO’s ACES Platform Now Supports Upcoming HMDA Changes

Posted by Patrick Barnard on May 08, 2017

ARMCO says it has added 15 new enhancements to its ACES Risk Management quality control (QC) and compliance software, including support for the new reporting requirements under the Home Mortgage Disclosure Act (HMDA), taking effect Jan. 1, 2018. Other improvements [Read More]

GSEs Release ‘Duty To Serve’ Plans For Public Comment

Posted by Patrick Barnard on May 08, 2017

Each plan aims to address the needs of America’s three most underserved markets: manufactured housing, affordable housing preservation and rural housing.

Assurant Adds Kevin Raney And Jerry Rowell To Its Management Team

Posted by Patrick Barnard on May 05, 2017

Assurant Inc., a provider of risk management solutions, recently named Kevin Raney managing director of Assurant Valuations and Mortgage Technology, under the company’s Mortgage Solutions group. Separately, the company recently named Jerry Rowell managing director of Assurant Field Services, also [Read More]

Black Knight: 19% Of Active HELOCs Scheduled To Reset This Year

Posted by Patrick Barnard on May 05, 2017

Since 2014, people in the mortgage servicing industry have been trying to forecast whether there will be a surge of defaults on the many home equity lines of credit (HELOCs) that are scheduled to reset over the next year or [Read More]

Mortgage Network Opens New Location In Pennsylvania

Posted by Patrick Barnard on May 05, 2017

Mortgage Network reports that it has relocated its West Chester, Pa., branch office to Exton, Pa., in the heart of Chester County, and further that the location will be led by Chris Blanchard, district sales manager. Prior to Mortgage Network, [Read More]

‘Seriously Underwater’ Rate Increased In Q1

Posted by Patrick Barnard on May 05, 2017

Despite the fact that the average U.S. home price increased during the first quarter, the number of homeowners who were “seriously underwater” on their mortgages jumped, due mainly to the many depressed pockets across the country where home appreciation has [Read More]

Financial CHOICE Act Passes In Committee, Moves To House Next

Posted by Patrick Barnard on May 04, 2017

The House Financial Services Committee on Thursday passed the Financial CHOICE Act, a sweeping piece of GOP-backed legislation that would, if approved, gut major portions of the Dodd-Frank Act and significantly limit the power of the Consumer Financial Protection Bureau [Read More]

Investors Unite: MBA’s GSE Reform Proposal Is Too Complex

Posted by Patrick Barnard on May 04, 2017

Investors Unite, a coalition of investors in government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac that is pushing for the GSEs to be re-capitalized and re-privatized so that investors can recoup on their losses, recently released a statement in response [Read More]

MBA: Mortgage Credit Availability Decreased Slightly In April

Posted by Patrick Barnard on May 04, 2017

After increasing 3.2% in March, mortgage credit availability decreased 0.2% in April, falling to a score of 183.0 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI). The March index score was 183.4, and the February score was [Read More]

Barclays Fined $15.5M After Two Traders Allegedly Charged ‘Excessive Markups’ On Certain RMBS Deals

Posted by Patrick Barnard on May 04, 2017

Barclays PLC will pay more than $15.5 million in remediation, plus a $1 million penalty, to settle allegations brought by the U.S. Securities and Exchange Commission (SEC) that it failed to supervise two traders who charged undisclosed, excessive markups on [Read More]

CoreLogic Introduces New Mortgage Portfolio Valuation Tool

Posted by Patrick Barnard on May 04, 2017

CoreLogic has introduced a new tool to help lenders and investors evaluate and understand the collateral value of their mortgage portfolios on a periodic basis. The new, self-service, on-demand, fixed-cost solution, dubbed Total Home Value for Portfolio Monitoring, leverages CoreLogic’s [Read More]

Clayton Holdings Now Offering Enhanced Internal Audit Services Program

Posted by Patrick Barnard on May 04, 2017

Clayton Holdings says it has developed an enhanced internal audit services program designed to help bank and lender clients develop, manage and enhance their internal risks and controls programs, as well as comply with new government-sponsored enterprise (GSE) and Consumer [Read More]

Massachusetts Jurisdictions Can Now Electronically Record Land Court Documents

Posted by Patrick Barnard on May 04, 2017

Simplifile, a provider of real estate document collaboration and recording technologies for lenders, settlement agents and counties, reports that it is now electronically recording Land Court documents in the commonwealth of Massachusetts for the first time. In Massachusetts, about 80% [Read More]

Fannie Mae Introduces New Solutions For Borrowers Struggling With Student Debt

Posted by Patrick Barnard on May 03, 2017

In case you haven’t noticed, college tuition costs have skyrocketed in recent years. As a result, an increasing number of homeowners have become saddled with student loan debt. This, in turn, is putting a drag on the housing market. But [Read More]

Freddie Mac Completes Its Second Seasoned Credit Risk Transfer Offering

Posted by Patrick Barnard on May 03, 2017

As part of its ongoing effort to transfer mortgage credit risk away from taxpayers and into the private market, Freddie Mac recently completed its second Seasoned Credit Risk Transfer offering – a rated securitization of approximately $1.12 billion of both [Read More]

Keith Noreika To Serve As Acting Comptroller Of The Currency, Replaces Thomas Curry

Posted by Patrick Barnard on May 03, 2017

Keith A. Noreika will serve as acting comptroller of the currency, filling in for departing Comptroller of the Currency Thomas J. Curry, who will be leaving the position on May 5. “Serving as comptroller of the currency has been the [Read More]

MBA’s Stevens: ‘Recap And Release’ Of GSEs Would Be A Big Mistake

Written by Patrick Barnard on May 03, 2017

One thing that David Stevens, president and CEO of the Mortgage Bankers Association (MBA), made perfectly clear during his opening remarks on Monday during the MBA’s National Secondary Market Conference and Expo in New York City was that recapitalizing government-sponsored [Read More]

Freddie Mac Uses Big Data To Power Loan Advisor Suite

Written by Patrick Barnard on May 03, 2017

Freddie Mac continues to add new features and capabilities to its Loan Advisor Suite based on feedback from users.

MBA: Applications For Mortgage Purchases Jumped 4%; Refis Fell 5%

Posted by Patrick Barnard on May 03, 2017

Mortgage application volume fell 0.1% on an adjusted basis during the week ended April 28, as a dip in applications for refinances offset a healthy increase in applications for purchases, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications [Read More]

Can The Mortgage Interest Deduction Really End?

Written by Peter G. Miller on May 03, 2017

Is the mortgage interest deduction safe from extinction? Like much in Washington, D.C., one must read between the lines.