U.S. banks' can expect their long-term business strategies to continue to be affected by the "lower-for-longer" interest rate environment that Fed officials have placed the industry in.
Read More »Home Builders Remain Optimistic Despite Market Stumbles
New home sales declines and a weak jobs report in September may have some a bit skeptical about the future of the housing market, but despite September's stumbles, home builders maintain their market confidence.
Read More »Mortgage Loan Application Defects Lower in September
First American released their Loan Application Defect Index for September 2015 on Wednesday, which reflects estimated mortgage loan defect rates over time, by geography and by loan type, and estimates the frequency of defects in the information submitted in mortgage loan applications. According to the Index, loan defects in mortgage applications declined 1.2 percent from August to September. The Index is now down 20.6 percent from the high point of risk in October 2013.
Read More »Interest Rates Unchanged as Fed Holds on Increase Until Further Economic Improvement
As the Federal Open Market Committee reconvened Wednesday, results from their October 27th and 28th meeting placed yet another hold on the rate hike, leaving the federal funds rate at the current 0 to 1/4 percent target range.
Read More »Home Prices Inch Higher in August
Black Knight Financial Services' Data and Analytics division released its August 2015 Home Price Index report, finding that U.S. home prices were up 0.3 percent in August and up 5.5 percent year-over-year.
Read More »Pavaso Completes First End-to-End Digital Real Estate Process
Pavaso Inc., recently announced the completion of its pioneering end-to-end digital process for the mortgage/real estate industry with the addition of its sales contract negotiation tool for real estate agents.
Read More »First Guaranty Mortgage Hires New National Servicing Director
First Guaranty Mortgage Corp., a Virginia Corp., has named Jane Gershman as its National Servicing Director. Prior to her new role, Gershman was SVP of Servicing Operations at SUNTRUST. In addition, she also served as Prior SVP, Loss Mitigation Division, ServiceLink; EVP, Loan Servicing Operations, CITI Residential Lending (formerly AMC Mortgage Services), where she also held the positions of SVP, Loan Servicing, President, AMC Insurance Agency, and President Town & Country Trustee Services
Read More »Parkside Lending Subsidiary Becomes Member of FHLBank of Cincinnati
Parkside Lending, a national wholesale and correspondent lender, recently announced its insurance subsidiary PSL Insurance Company, LLC has been approved to become a member of the Federal Home Loan Bank of Cincinnati.
Read More »Clayton Holdings Welcomes New Head of Consulting Services
Clayton Holdings LLC, a provider of loan due diligence, surveillance, REO management, and consulting services to the mortgage industry, recently welcomed Andrew Pollock as senior managing director of Clayton Consulting Services.
Read More »Mortgage Lending Shifts Online Through New Technologies
The traditional mortgage lending days are nearly over. Technology is taking the industry by storm with new innovations that are moving mortgage lending closer to a completely online process.
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