Valuation Vision (V2), a provider of alternative valuation products and tech solutions nationwide, announced the hiring of Brandon Goldstein as managing director of capital markets.
Read More »NTS Adds Flood Determination to Growing Service Offerings
In Chicago, National Tax Search (NTS), a nationwide property tax management services firm, announced the enhancement of its services with the addition of flood zone determinations.
Read More »Black Knight VP Appointed to Board of MLS Council
Marty Reed, VP of business operations at Black Knight Financial Services (BKFS) MLS Solutions division, has been appointed for a three-year term on the board of directors for the Council of Multiple Listing Services (CMLS), the company announced.
Read More »MGIC Announces Additions to Sales Team
To help keep up with growing demand for private mortgage insurance, Mortgage Guaranty Insurance Corporation (MGIC) announced the addition of six veteran industry professionals to its sales team.
Read More »Mortgage Rates Up in First Increase of 2014
Freddie Mac released Thursday its weekly Primary Mortgage Market Survey, which shows the 30-year fixed-rate mortgage (FRM) moved up to 4.28 percent (0.7 point) for the week ending February 13. In its own national survey, Bankrate.com recorded the 30-year fixed average at 4.48 percent, while the 15-year fixed rose slightly less at 3.53 percent. Analysts for the finance site said it was Janet Yellen's first testimony as the head of Federal Reserve that provided the week's lift.
Read More »Caliber Hires Regional VP for D.C. Metro Area
Caliber Home Loans, Inc., named Jim Foley as regional VP for the Maryland, Virginia, and Washington, D.C., territories.
Read More »Applications Point to Spike in New Home Sales
A survey of loan application volume from mortgage subsidiaries of homebuilders across the country suggests sales of new homes experienced a substantial leap in January. The Mortgage Bankers Association's (MBA) Builder Applications Survey indicates new home sales ran at a seasonally adjusted annual rate of 543,000 last month, reflecting a month-over-month increase of 35 percent. On an unadjusted basis, the group estimates there were 38,000 new home sales in January, a 36 percent increase over December.
Read More »PHH Exploring Sale of Mortgage Business
PHH Corp., which bills itself as one of the top 10 originators of retail residential mortgages in the United States, announced in its latest quarterly filing it is ""exploring ways to maximize shareholder value through the separation or sale of fleet business, mortgage business, or both"" in response to a 22 percent decline in fourth-quarter profits compared to the end of 2012 ($45 million compared to the prior year's $58 million). According to the company's filing, its mortgage production segment contributed a loss of $45 million in Q4.
Read More »Total Mortgage Adds EVP to Lead Wholesale Lending
n Connecticut, Total Mortgage Services recruited Andy Pettola as lead its wholesale lending division as EVP.
Read More »Credit Availability Grows in January
Mortgage credit access opened up in January following a flat December, the Mortgage Bankers Association (MBA) revealed Tuesday. MBA's Mortgage Credit Availability Index (MCAI), a gauge of lending standards measured with data from the AllRegs Market Clarity product, increased 1.85 percent to an even 113 last month. MBA's latest index fits with Fannie Mae's January National Housing Survey, in which more consumers expressed their belief that getting a mortgage today would be ""easy.""
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