ACES Risk Management (ARMCO) has hired mortgage quality control expert Phil McCall as its new COO. ARMCO provides Web-based audit technology as well as data and analytics to ...

Mortgage Guaranty Insurance Corporation (MGIC), principal subsidiary of MGIC Investment Corporation has selected Stephen Mackey to be EVP-Chief Risk Officer. Mackey will be stepping in to take newly retired Lawrence Pierzchalski’s place and will begin in his new position in late June.

Essent Group Ltd. more than doubled their net income for Q1. According to data released by the company, the net income for Q1 2015 was $38.4 million or $0.38 per diluted share, compared to $15 million or $0.18 per diluted share for Q1 2014.

There are many metrics by which to judge the current administration against those of the past. This week, ValueWalk ranked the ‘best’ and ‘worst’ presidents as judged by their homeownership rates. Making ValueWalk’s ‘best’ list were Presidents Clinton, Johnson (Lydon), and Carter who saw homeownership expand during their presidencies by 5.1 percent, just over 1.1 percent, and just under 1.1. percent, respectively. ValueWalk ranks President Obama as one of the worst presidents when it comes to homeownership numbers, followed by President Regan

In their “Eye on Housing” blog, the National Association of Builders (NAHB) broke down the findings of the April 2015 Senior Loan Officer Opinion Survey (SLOOS), conducted by the Federal Reserve Board. In the survey, banks were asked questions that attempted to judge how they were responding to GSE guidelines issued on November 20, 2014 on life-of-loan representation and warranty exclusions.

After experiencing a $191 million loss from continuing operations for the 2014 year, PHH Corporation was able to make a complete turnaround for the first quarter. The company managed to wrap up Q1, ending March 31, 2015, with a net income of $21 million.

In an effort to prepare for August 1 TRID changes, Pavaso recently introduced a new program designed to help companies easily transition to digital closings called “Fast Track.” The program is intended to help lenders and title companies provide a better consumer experience for the upcoming law changes. Pavaso reports that the Digital Close solution takes only two weeks to complete.

A new bill has been introduced to legislation by presidential nominee, Sen. Bernie Sanders (I-Vermont). The proposal is intended to prevent another costly taxpayer bailout and safeguard the economy by breaking up the nation’s largest banks. Rep. Brad Sherman (D-California) proposed a similar bill in the House.

ReverseVision announced the creation of an operations team, as well as the hiring of a new VP of sales and marketing to their company roster. The operations team will be dedicated to product operations, system monitoring, capacity planning, backup, recovery, hosting management, and product release. Wendy Peel, the company’s new VP of sales and marketing, will manage the brand, work with product development on system enhancements, and increase ReverseVision brand awareness for forward lenders and financial planners.

Lower-priced homes stood a better chance at survival during the 2006-2009 housing crisis, according to an Urban Wire blog post by the Urban Institute and authors Jun Zhu and Bing Bai. Not only did cheaper homes recover more quickly from the bust, according to national averages and location data found by the Urban Institute, cheaper homes became more expensive during the boom as well.