Archive for residential mortgage

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.

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]

Freddie Mac: Mortgage Rates Shift Upward

Posted by Lauren Tyler on November 10, 2016

Mortgage interest rates increased this week, with the average rate for a 30-year, fixed-rate mortgage (FRM) hitting 3.57%, up from 3.54%, according to Freddie Mac’s Primary Mortgage Market Survey. A year ago at this time, the 30-year FRM averaged 3.98%. During [Read More]

LRES Offers Commercial Evals Through InsideValuation

Posted by Patrick Barnard on July 25, 2016

National residential and commercial real estate services company LRES is now offering commercial evaluations through its recent acquisition of InsideValuation. According to LRES, these evaluation products contain thorough data and analysis to procure accurate and timely valuations for commercial properties. These [Read More]

Homes Selling Fast Amid Low Supply

Posted by Patrick Barnard on July 25, 2016

On average, homes are selling a week faster than they did a year ago, meaning home buyers should be prepared to move quickly in a competitive housing market, according to Zillow’s June Real Estate Market Report. The report states that tight inventory continues to [Read More]

First Guaranty Mortgage Appoints New Regional Sales Manager

Posted by Patrick Barnard on May 16, 2016

First Guaranty Mortgage Corp. (FGMC), a provider of residential mortgage lending services, has added Van Evans as regional sales manager in the company’s correspondent division. According to FGMC, Evans has 17 years of industry experience. Prior to joining the company, [Read More]