President Donald Trump’s Executive Order to establish the White House Council on Eliminating Barriers to Affordable Housing has been met with positive reviews by several industry leaders. “The ...
Read More »The Week Ahead; Studying Millennials in the Housing Market
Ellie Mae will release its millennial tracker on Wednesday, July 3. Last month’s report revealed that millennials were taking advantage of falling mortgages rates, as 30-year notes for ...
Read More »Florida-Based Bank to be Acquired
Rushmore Loan Management Services, LLC, a residential mortgage servicer, announced that it has signed an Asset Purchase Agreement to acquire the correspondent lending channel of FirstBank, a Florida-based ...
Read More »New CEO Announced for Private Lender
RCN Capital, a nationwide direct private lender, announced that Don Vaccaro will be stepping down as CEO. Vaccaro will be leaving his current role effective June 30, 2019. ...
Read More »New Law Could Impact Lenders in New York
A new bill passed by the state of New York could impact reverse mortgage originators and servicers, as it will prohibit lenders from engaging in “unfair or deceptive” ...
Read More »Analyzing Defect Risk Across the Nation
First American Financial Corporation reports that May saw a decline of 5.5% in the frequency of defects, fraud, and misrepresentation of information included in mortgage loan applications in ...
Read More »Eye on the Industry: Updates on Tech, New Hires
McMichael Taylor Gray, LLC (MTG) has hired J. Pamela Price as Managing Attorney of South Carolina. She brings with her nearly 30 years of experience representing creditors, mortgage ...
Read More »Best Practices to Combat Cybersecurity
Editor’s note: This piece originally appeared in the June edition of MReport. Who knew that 2019 would start with mortgage data breaches? We owe it to Bob Diachenko, the independent security ...
Read More »Are Home Costs Weighing Heavily on Americans?
A new study by Bankrate found that almost 80% of Americans are losing sleep at night due to financial issues, with housing costs being one of them. According ...
Read More »May Yields Mixed Results for Housing Market
New home sales fell 7.8% in May to an adjusted rate of 626,000, but are 4% higher than they were in May 2018, according to data by the ...
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