HARP's Image Problem
BLOG VIEW: I couldn't help but chuckle when I watched a video of Mel Watt, director of the Federal Housing Finance Agency (FHFA), saying in  [read more]
Thu, 28 Aug 2014 18:49:33 -0400
Freddie Mac: Mortgage Rates Basically Flat Heading Into Labor Day
Mortgage rates were largely unchanged during the week ending Aug. 28, Freddie Mac reports. According to the firm's Primary Mortgage Market Survey, the average rate  [read more]
Thu, 28 Aug 2014 14:45:37 -0400
DebtX: CMBS Loan Prices Dipped Slightly In July
DebtX, which provides third-party loan valuation services for both public and private clients, reports that prices of loans underlying the commercial mortgage-backed securities (CMBS) universe  [read more]
Thu, 28 Aug 2014 14:43:47 -0400
Freddie Mac: Housing Market Continued To Be 'Weak' In June
Despite some signs of improvement, the U.S. housing market continued to be "weak" in June, according to Freddie Mac's Multi-Indicator Market Index (MiMi). The index  [read more]
Thu, 28 Aug 2014 14:39:25 -0400
NAR: Pending Homes Sales Up 3.3% In July
Pending home sales increased 3.3% in July compared to June, but were still 2.1% below July 2013, the National Association of Realtors (NAR) reports. Pending  [read more]
Thu, 28 Aug 2014 11:48:52 -0400
Churchill Mortgage Hires Jay McCarthy As Chief Marketing Officer
Jay McCarthy has joined Churchill Mortgage as chief marketing officer. McCarthy has more than 20 years of experience in specialized marketing, advertising, communication and brand  [read more]
Thu, 28 Aug 2014 00:00:00 -0400
OIG Report Says TBW Fraud Scheme Could Have Been Avoided
The elaborate mortgage fraud scheme perpetrated by lender Taylor, Bean and Whitaker (TBW) and its warehouse lender, Colonial Bank, which resulted in billions of dollars  [read more]
Wed, 27 Aug 2014 17:16:49 -0400
Platinum Data Adds Platinum Comps To Its RealView Solution
Platinum Data Solutions reports that it has enhanced its RealView appraisal quality control solution with Platinum Comps, a new feature that analyzes, scores and ranks  [read more]
Wed, 27 Aug 2014 16:03:02 -0400
Veros Integrates With Calyx To Give Users Fast Access To AVMs
Lenders using Calyx Software's Point loan origination system (LOS) can now instantly access Veros Real Estate Solutions' VeroVALUE and other automated valuation models (AVMs) right  [read more]
Wed, 27 Aug 2014 15:03:55 -0400
CoreLogic: Completed Foreclosures Fell 8.5% In July
About 45,000 foreclosures were completed across the U.S. in July - down 8.5% from about 49,000 in June and down 21.2% compared to the approximately  [read more]
Wed, 27 Aug 2014 12:34:52 -0400
MBA: Mortgage Application Volume Up 2.8%
Mortgage applications increased 2.8%, on an adjusted basis, during the week ending Aug. 22, compared to the previous week, according to the Mortgage Bankers Association's  [read more]
Wed, 27 Aug 2014 00:00:00 -0400
Back In Black: Average Profit Per Loan Jumped To $954 In Q2
An increase in mortgage originations that made many lenders more operationally efficient helped boost the average net profit made on each loan closed in the  [read more]
Wed, 27 Aug 2014 00:00:00 -0400
Scott Bruns To Manage Supreme Lending's New Branch In Sacramento
Supreme Lending, a Dallas-based nationwide mortgage banker, has hired industry veteran Scott Bruns to head up its new branch in Sacramento, Calif. As per a  [read more]
Tue, 26 Aug 2014 18:26:25 -0400
METIS Teams With ARCSys To Help Lenders Transition To CECL Model
METIS Financial Network, a provider of enterprise management solutions, has formed a strategic alliance with Norfolk, Va.-based ARCSys to help banks and credit unions better  [read more]
Tue, 26 Aug 2014 18:13:08 -0400
Black Knight: Foreclosure Starts Up For Third Month Straight
The total U.S. foreclosure presale inventory rate fell to 1.85% of all homes with a mortgage in July - a decrease of 1.65% compared to  [read more]
Tue, 26 Aug 2014 14:54:31 -0400