Headlines

LenderLive Network Inc., a domestic-based, end-to-end mortgage services provider, recently announced that Sharif Mahdavian has joined the firm as VP of business development for the company’s Due Diligence division, reporting directly to Mark Hughes, president of LenderLive’s Due Diligence Division.

Embrace Home Loans recently announced that former CEO of Lenders One, Jeff McGuiness, has joined the national lender as its chief sales officer. McGuiness will assume responsibility for all three of Embrace’s production channels, including retail, consumer direct, and bank fulfillment, comprising of more than 275 loan officers and 50 locations nationwide.

Consumer expectations for the housing market are showing a slightly more positive outlook for the U.S. economy, according to The Federal Reserve Bank of New York’s Center for Microeconomic Data June 2015 Survey of Consumer Expectations (SCE) released on Monday.

Stewart Title Guaranty Company recently announced in a press release that Tony Hale will join the team as western states agency district sales director, a new role in the company’s Agency Services Group. Hale will be responsible for building an effective sales strategy to attract new independent agencies and serve existing agencies in his new role.

Altisource Residential Corporation recently announced in a press release that Ashish Pandey has decided to step down as CEO of the company, effective June 30, 2015. Pandey stated that he will purse personal interests in India following his departure from Altisource.

Rick Sharga, EVP of Auction.com, discusses the June housing data and its impact on the overall market in a recent video released by the company. In the video, Sharga talks about the positive results seen in existing home sales, new home sales, and home price data. He questions whether this means the housing market is fully recovered and concludes that the market has not completely recovered and is still improving from previous years.

Today, Federal Reserve Chair Janet L. Yellen delivered a speech at the City Club of Cleveland in Cleveland, Ohio speaking on the recent developments within the Federal Open Market Committee (FOMC) and the economic outlook moving forward. Yellen addressed issues like recession recovery, labor market conditions, inflation developments, economic outlook, monetary policy, long-run economic growth.

As the spring homebuying season comes to a close and Americans cope with the uncertain after effects of the Greek crisis on the economy, the U.S. Treasuries lowered average fixed mortgage rates down to 4.04 percent, according to Freddie Mac's Primary Mortgage Market Survey (PMMS) results.

Federal housing officials that are in place to monitor and control thousands of government-backed loans worth millions of dollars have not handled these loans correctly for Native Americans. According to the Office of Inspector General (OIG) review for HUD's Office of Loan Guarantee (OLG) did not provide adequate oversight of the Section 184 Indian Home Loan Guarantee program, resulting in an increased overall risk to the program.

Auction.com, an online real estate marketplace, has named former VP at Altisource Online Auctions Anthony Self as the new VP of industry relations. Self will focus on strengthening the company’s relationships within the real estate community and developing programs that foster long-term partnerships with agents and brokers.