For the fifth consecutive month, the S&P Dow Jones Indices reported declining home prices in the U.S., as potential buyers took a bigger step back from the market.
Read More »Ellie Mae Releases New Update to Mortgage Management Solution
The main updates for 17.4 Ellie Mae’s all-in-one mortgage management software can be found inside.
Read More »Texas Capital Bank’s President of Mortgage Finance To Retire
Texas Capital Bank announced that Gary Ort, who has played an integral role in the bank for the past decade and currently serves as President of the Mortgage Finance Division, will retire in June. Jack Nunnery, currently serving as Director of Correspondent Lending, will take over as President of the Mortgage Finance Division.
Read More »The Low Down on the CFPB’s Marketing Service Agreements Bulletin: The Agency Gave the Industry What it Wanted…No Surprises Here
Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. In this blog post, Kerri Panchuk, executive director, Membership Groups at The Five Star Institute discusses how all firms in the mortgage finance space–from lenders, servicers, title companies and appraisers–are officially ‘on notice’, with the Consumer Financial Protection Bureau issuing a bulletin Thursday, providing guidance on what constitutes a mortgage kickback or referral fee when setting up marketing services agreements.
Read More »