Archive for mortgage

Loan Vision Hires Dallas Davidson As Consultant

Posted by Patrick Barnard on July 27, 2017

Dallas Davidson has joined Bestborn Business Solutions, developer of the mortgage accounting platform Loan Vision, as a consultant. Davidson has prior experience with Microsoft Dynamics solutions that she gained in her former position with a respected accounting and consulting firm [Read More]

DIMONT Announces Two New Hires, Two Promotions, As It Focuses On Client Development

Posted by Patrick Barnard on July 27, 2017

Holly Baya and Anthony Di Staulo have joined DIMONT, a provider of insurance claims adjusting and collateral loss mitigation services to the mortgage industry, as directors of client development. In addition, Dwight Kline has been promoted to director of client [Read More]

Steve Thomas: 20 Years Strong, MPF Program Continues to Build on Its Success

Written by Patrick Barnard on July 27, 2017

The Mortgage Partnership Finance program, originally formed as a business line of the Federal Home Loan Bank of Chicago, has increased dramatically in the post-recession era.

Fed To Begin Quantitative Tightening ‘Relatively Soon’

Posted by Patrick Barnard on July 26, 2017

The Federal Open Market Committee in June voted to maintain the current Federal Funds rate at 1.0%-1.25%, raising renewed questions regarding how many more times the Fed will hike this year. Some economists say the Fed will likely be more [Read More]

New Home Sales Increased In June, But Lack Of Inventory Is Still A Concern

Posted by Patrick Barnard on July 26, 2017

New home sales were at a seasonally adjusted annual rate of about 610,000 in June, an increase of 0.8% compared with a revised rate of about 605,000 in May and an increase of 9.1% compared with about 559,000 in June [Read More]

Castle & Cooke Mortgage Has Opened 14 New Branches So Far In 2017

Posted by Patrick Barnard on July 26, 2017

Retail lender Castle & Cooke Mortgage reports that it has added 14 new branches across the U.S. so far in 2017, representing a 33% growth rate compared with the end of 2016. The company has not only exceeded its original [Read More]

Safeguard Promotes Two On Its Technology Management Team

Posted by Patrick Barnard on July 26, 2017

Mortgage field services company Safeguard Properties recently promoted two executives on its technology management team. Steve Machovina has been promoted to assistant vice president of technology infrastructure and cloud services. Machovina joined Safeguard in November 2013 as director of information [Read More]

MBA: Applications For Purchases Decreased 2%

Posted by Patrick Barnard on July 26, 2017

Mortgage application volume increased 0.4% on an adjusted basis during the week ended July 21, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. Applications for refinances increased 3%, as rates dipped slightly, while applications for purchases decreased [Read More]

Guild Mortgage Reports Record Volume For First Half

Posted by Patrick Barnard on July 25, 2017

Guild Mortgage reports that it originated $7.3 billion in mortgage loans – about $5.9 billion of which was purchase loans – during the first half of this year, setting a new record for the lender. That’s up 7.1% when compared [Read More]

Case-Shiller: U.S. Home Prices Continued To Rise In May, But There Is No Bubble

Posted by Patrick Barnard on July 25, 2017

U.S. home prices continued their upward climb in May, rising 0.2% on an adjusted basis compared with April and increasing 5.6% compared with May 2016, according to the S&P CoreLogic Case-Shiller home price index. The 10-city composite was flat compared [Read More]

Bay Equity Home Loans Hires Chris Carbonaro As Area Sales Manager

Posted by Patrick Barnard on July 24, 2017

Chris Carbonaro recently joined Sausalito, Calif.-based Bay Equity Home Loans as an area sales manager for the Danville, Calif., branch. Specifically, Carbonaro will focus on growing more business for Bay Equity in the Livermore Valley area southeast of Danville. During [Read More]

Waterstone Mortgage Hires Industry Veteran Pete Salamone As Regional Manager

Posted by Patrick Barnard on July 24, 2017

Mortgage industry veteran Pete Salamone recently joined Waterstone Mortgage as a regional manager overseeing the company’s growth and recruiting efforts in the southeastern Wisconsin area. A Wisconsin native, Salamone began his mortgage banking career in 1994 and has worked for [Read More]

KeyStoneB2B Debuts Platform for Facilitating Title and Docs

Posted by Michael Bates on July 21, 2017

KeyStoneB2B says it has developed a new title product that will facilitate the title order, title close, and borrower and seller closing disclosures during the mortgage lending process. KeyStoneB2B offers a network of title companies that have been vetted according [Read More]

Purchase, Refi Origination Volumes Held Steady in June

Posted by Michael Bates on July 19, 2017

According to the June “Origination Insight Report” from Ellie Mae, the percentage of purchase home loans relative to refinances remained steady at 68% of all closed loans, while refinances remained at 32% for the second straight month. Specifically, the percentage [Read More]

Americans View Homeownership as a Good Investment But Affordability as a Concern

Posted by Amanda Fava on July 14, 2017

Concerns over housing affordability show clear demographic divides, especially among unmarried and non-white Americans, according to the National Association of Realtors (NAR) 2017 Nation Housing Pulse Survey. The survey found that more than five out of 10 unmarried and non-white [Read More] Integrates POS Solution with LOS

Posted by Amanda Fava on July 14, 2017, a provider of a secure and compliant cloud-based digital mortgage platform, has partnered with LendingQB to integrate its digital point-of-sale solution into LendingQB’s loan origination system (LOS). The integration provides clients with the ability to extend their LOS [Read More]

Black Knight’s Empower LOS Verified by GSEs

Posted by Amanda Fava on July 07, 2017

Black Knight Financial Services Inc. has announced that its LoanSphere Empower loan origination system (LOS) has been verified by government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to generate Uniform Closing Dataset (UCD) files. The company says Empower is a [Read More]

Fannie Mae’s HPSI Shows Record-High Housing Sentiment

Posted by Amanda Fava on July 07, 2017

Fannie Mae’s Home Purchase Sentiment Index (HPSI) increased 2.1 percentage points in June to 88.3, matching the all-time high from February of this year, according to the government-sponsored enterprise (GSE). The GSE says the rise can be attributed to increases [Read More]

Mortgage Rates Make Biggest Weekly Jump Since March

Posted by Amanda Fava on July 06, 2017

The 30-year, fixed-rate mortgage (FRM) made its largest week-over-week leap since March, according to Freddie Mac’s Primary Mortgage Market Survey. The 30-year FRM averaged 3.96%, with an average 0.6 point for the week ending July 6 – up from last [Read More]

MBA: Mortgage Applications Increase Week Over Week

Posted by Amanda Fava on July 06, 2017

Mortgage applications increased 1.4% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending June 30. The Market Composite Index, a measure of mortgage loan application volume, increased 1.4% on [Read More]