Brian Lynch: Accounting Software For Mortgage Has Come A Long Way
PERSON OF THE WEEK: Brian Lynch is founder and president of Advantage Systems, a provider of accounting software to the mortgage banking industry. MortgageOrb recently  [read more]
Fri, 24 Oct 2014 19:01:07 -0400
Wingspan Founder And CEO Transitions To New Role
Steve Horne has apparently stepped down from his role as CEO and president of Wingspan Portfolio Advisors, the special servicer that he founded in 2008.  [read more]
Fri, 24 Oct 2014 16:29:05 -0400
Black Knight: Delinquencies Fell But Foreclosure Starts Rose In September
The total U.S. mortgage delinquency rate (loans that are 30-plus days past due, but not in foreclosure) fell 3.90% in September, compared to August, according  [read more]
Fri, 24 Oct 2014 12:39:49 -0400
New Home Sales Flat In September
New home sales reached a seasonally adjusted annual rate of about 467,000 in September, an increase of 0.2% compared to the revised August rate of  [read more]
Fri, 24 Oct 2014 00:00:00 -0400
Freddie Mac: Lack Of Wage Growth Holding Housing Back
Although the U.S. economy is improving, fears over the state of the global economy and the related impact on the financial markets, as well as  [read more]
Thu, 23 Oct 2014 13:56:42 -0400
Freddie Mac: Fixed 30-Year Mortgage Rates Drop Below 4%
The average rate for a 30-year fixed-rate mortgage (FRM) hit 3.92% this week, down from 4.13% the previous week to reach its lowest level since  [read more]
Thu, 23 Oct 2014 13:12:51 -0400
NAR: Existing-Home Sales Up 2.4% In September
Existing home sales - including sales of condominiums and town houses - increased from a seasonally adjusted annual rate of 5.17 million in September, up  [read more]
Thu, 23 Oct 2014 12:16:44 -0400
Moody's Downgrades Ocwen After Lawsky Alleges Letters Were Backdated
In light of accusations brought by the New York Department of Financial Services (DFS) that Ocwen Loan Servicing backdated of an unknown number of letters  [read more]
Thu, 23 Oct 2014 00:00:00 -0400
Regulators Approve Final QRM Rule
Federal regulators on Tuesday approved a final, softened version of the Qualified Residential Mortgage (QRM) rule that requires lenders to retain a 5% stake in  [read more]
Wed, 22 Oct 2014 16:55:59 -0400
MBA: Applications For Refinances Jump 23% On Lower Rates
Mortgage application volume increased 11.6% during the week ended Oct. 17, with most of that growth coming from a sharp rise in applications for refinances,  [read more]
Wed, 22 Oct 2014 16:21:57 -0400
Williams & Williams Expands Foreclosure Auction Options
Williams & Williams Real Estate Auction says it has expanded its foreclosure auction program for lenders and servicers in the U.S. Following a successful pilot  [read more]
Wed, 22 Oct 2014 13:37:57 -0400
Fiserv Adds Document-to-Document Comparisons To LoanComplete
Financial services technology solutions provider Fiserv Inc. says the Comparalytics module within its LoanComplete suite now compares documents to any and all other documents associated  [read more]
Wed, 22 Oct 2014 00:00:00 -0400
Castro To Lenders: 'Let's Work Together'
In his third major speech since becoming secretary of the U.S. Department of Housing and Urban Development (HUD) in July, Julian Castro told attendees of  [read more]
Wed, 22 Oct 2014 00:00:00 -0400
MBA Forecasts What Next Year Holds For Originations
The Mortgage Bankers Association (MBA) says it is expecting to see $1.19 trillion in mortgage originations during 2015 - a spike of 7% from the  [read more]
Tue, 21 Oct 2014 17:09:04 -0400
Fannie Mae Rolling Out New Appraisal Tool For Lenders
Government-sponsored enterprise (GSE) Fannie Mae has announced a new appraisal analysis application for lenders, Collateral Underwriter, which will be available early next year. Fannie Mae  [read more]
Tue, 21 Oct 2014 15:52:10 -0400