LenderLive Network's Settlement Services division has gained a new leader, with longtime mortgage veteran Joe Chappell joining as SVP of operations.
Read More »Zillow, Trulia Get All-Clear on Merger
Zillow announced Friday afternoon that it expects to close the acquisition of San Francisco-based online real estate site Trulia by February 17, following the announcement of the conclusion of a Federal Trade Commission investigation.
Read More »CFPB Hits Lenders for Misrepresenting Government Affiliation
The bureau announced it is suing reverse mortgage lender All Financial Services with the intent to halt the lender's illegal activities and has imposed civil fines on both Flagship Financial Group and American Preferred Lending. The latter two companies were ordered to cease their false advertising in addition to paying civil fines.
Read More »Many Millennials Opting for Homeownership Over Marriage
When it comes to major life milestones, mortgages come before marriages for a large number of millennials, according to data released Friday. In a recent survey conducted by Redfin, 38 percent of Americans age 18–34 say they either would or have put off a wedding or honeymoon in favor of saving to buy a home.
Read More »Housing Affordability Slips in California in Q4
Thirty-one percent of homebuyers living in the state were able to afford a median-priced existing single-family home last quarter, the California Association of Realtors (C.A.R.) said Thursday. While that was a slight improvement from 30 percent in Q3, it was down from a revised 32 percent in 2013's closing months, the group reported.
Read More »FDIC Releases Help Video for Mortgage Servicing Rules
Federal regulators have released the last video in a series created to help bank employees meet regulatory requirements set by the Consumer Financial Protection Bureau (CFPB).
Read More »NTC Recruits Todd Gomes as National Account Executive
In Florida, Nationwide Title Clearing (NTC) announced the hiring of Todd Gomes as national account executive.
Read More »$3 Billion MSR Portfolio Up For Bid
Quality features of the bulk servicing portfolio include 100 percent fixed-rate and first lien product, a weighted average original FICO score of 755, a weighted average original LTV ratio of 80 percent, and a weighted average interest rate of 3.9 percent.
Read More »Continued Job Growth Lifts Mortgage Rates from 2015 Lows
Freddie Mac's Primary Mortgage Market Survey for the week ending February 12 shows the average interest rate for a 30-year fixed-rate mortgage (FRM) was 3.69 percent (0.6 point) this week, up a full 10 basis points from last week's 2015 low of 3.59 percent.
Read More »Morgan Stanley Makes Bid to Squash FHFA Suits
FHFA, which is suing on behalf of the RMBS pools' trustees, claims that Morgan Stanley committed a breach of contract by failing to buy back the poor performing loans, which were pooled into securities and sold to Freddie Mac in 2007, according to reports.
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